05/10/2026 – New clashes in the Red Sea and further escalation of rye. Crude and gas prices rise again – Read more news

GAS & POWER: The lack of concrete progress in negotiations between the United States and Iran has brought the risk premium back into the spotlight in recent transfer window sessions, with front-month TTF approaching 77 €/MWh on Friday. Further negative signs came over the weekend, where the Red Sea front further ignited: the Houthis launched new attacks on Saudi infrastructure, while the Yemeni government announced the launch of military operations to recapture recently lost territories. Meanwhile, attacks on transiting ships have increased again in the Hormuz area, with at least six incidents officially recorded in the last week.

The U.S. Department of Energy has authorized the Texas Port Arthur LNG terminal – expected capacity at 27 mtpa– to import and re-export so-called cool-down cargo, a key regulatory step that brings the Texas plant's first liquefaction train closer to commissioning – approximately 7 mtpa of liquefaction capacity. According to the timelines provided by Sempra, the company that operates the terminal, the commercial start of the first liquefaction train is expected by the end of next year, however the first test cargoes will be operated well before this deadline. The possibility of flaring operations at the plant has also been notified in the last few hours, and it is still waiting to receive the first feedgas.