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Gas generated 51% of Ireland's electricity in July, peaking at 92% and never falling below 17%

Gas demand rises in July as coal exits generation mix

Gas demand surged in July as Ireland marked its first month in over four decades without coal contributing to electricity generation after the closure of the Moneypoint power station in Co Clare in June.

Business • 27 Aug

Gas produced 42% of the country's power in April

New figures show that overall gas demand fell by 12% in April compared to March, but gas continued to play a central role in electricity generation and produced 42% of the country's power.

Business • 20 May

Gas produced 39% of the country's electricity in March, up from 31% on February and 34% on March 2024

Gas use increases in March as wind energy output falls

Overall gas demand in March rose by 13% compared to February, and by 4% compared to the same month last year, new figures from Gas Networks Ireland show today.

Business • 16 Apr

BP said today it expects first-quarter production to decline from the previous quarter

BP warns of lower Q1 production and weak gas trading

Energy group BP said it expects first-quarter production to decline from the previous quarter, with lower gas output and asset sales in Egypt and Trinidad offsetting gains in oil.

Business • 11 Apr

Housing for staff continues to be a major problem for companies doing business in Ireland, the latest IDA Ireland survey reveals

Housing a problem for companies doing business here - IDA

Housing costs, the planning process, and the price of gas were the biggest downsides to doing business in Ireland, according to the latest survey of multinationals by IDA Ireland.

Business • 04 Apr

A cold snap and low wind power has caused gas demand to rise in the UK, Centrica has said

Cold snap and low wind power pushes up UK gas demand

Britain's gas stores could be lower at the end of winter compared to previous years, as a cold snap and low wind power has caused gas demand to rise, Centrica, operator of the country's largest gas storage site, said today.

Business • 29 Nov 24

Overall gas demand in Ireland rose by 12% in October from September, and by 8% on the same time last year, Gas Networks Ireland's latest gas demand report shows

No disruption to gas supply expected this winter

Gas Networks Ireland said there is both enough gas supply sources and enough network capacity to meet the country's anticipated gas demand projections over the coming winter period.

Business • 27 Nov 24

Gas provided up to 80% of electricity generation at times in September, new Gas Networks Ireland figures show

Gas generates 42% of Ireland's electricity in Q3

New figures from Gas Networks Ireland show that gas continued to play a critical role in the country's electricity generation as it provided 44% of the country's power in September - a "notable" increase from 37% in August.

Business • 17 Oct 24

BP is now targeting several new investments in the Middle East and the Gulf of Mexico to boost its oil and gas output

BP drops oil output target in strategy reset - sources

BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said.

Business • 07 Oct 24

Gas Network Ireland said that gas was the primary source of electricity in ten of the 12 months last year

42% of Ireland's electricity powered by gas in April

Gas generated 42% of Ireland's electricity in April, new figures from Gas Network Ireland show today.

Business • 13 May 24

The Corrib gas field contributes up to 29% of Ireland's natural gas consumption

Revenues at Corrib Gas operator Vermilion dipped 6.7%

Revenues at Corrib Gas operator Vermilion's 'high margin' Irish business last year dipped by 6.7% to €205.1m.

Business • 12 Mar 24

Gas generated 37% of Ireland's electricity last month, new figures show today

Gas demand down 20% in February from January level

Gas generated 37% of Ireland's electricity last month, Gas Network Ireland's February Gas Demand Report shows today, while wind energy generated a total of 44% of electricity.

Business • 11 Mar 24

All energy suppliers have been cutting their prices in recent weeks

Energia to cut domestic gas and electricity prices

Energy supplier Energia is cutting its charges for domestic electricity and gas customers.

Business • 26 Jan 24

It is the second price reduction in four months by the supplier

Bord Gáis Energy to reduce electricity and gas charges

Bord Gáis Energy is to reduce electricity rates by 10%, gas unit rates by 9.5% and standing charges by 8% for its 600,000 residential customers.

Business • 17 Jan 24

Norway to boost oil, gas drilling, including in Arctic

Norway has today awarded stakes in 62 offshore oil and gas exploration licences to 24 energy companies in its annual licensing round, including in the Arctic Barents Sea, the country's energy minister said.

Business • 16 Jan 24

Electric Ireland last reduced prices in November

Electric Ireland to cut prices again for 1.1m customers

The Tánaiste has said he believes energy companies could be doing more to reduce their prices.

Business • 15 Jan 24

The changes will take effect from 1 February

Charity calls on more energy firms to cut prices

The Head of Social Justice at the Society of St Vincent de Paul has welcomed news of cuts in energy prices but said she wants other suppliers to follow suit.

Business • 12 Dec 23

The last three days of November saw exceptional levels of gas demand, new figures show today

Gas demand sets new record for the month of November

The last three days of November saw exceptional levels of gas demand, new figures from Gas Networks Ireland show, amid a cold snap which saw a sharp increase in the demand for gas to heat homes and businesses.

Business • 07 Dec 23

Gas Networks Ireland has today published its 2023/24 Winter Outlook

No disruption to gas supply expected this winter

Gas Networks Ireland said it does not envisage any disruption to gas supply during the winter months.

Business • 30 Nov 23

Electricity generation from wind hit a new milestone during Storm Agnes

Energy generation sources remain stable in September

Gas was responsible for generating 46% of Ireland's electricity in September, amid mild, sunny and wet weather.

Business • 05 Oct 23

Energia said the reductions will kick in from October 3

Energia to cut home energy prices from October

Energy supplier Energia has announced a cut in its home energy prices.

Business • 01 Sep 23

Gas generated 48% of Ireland's electricity in July, new figures show today

Gas demand down by 20% in July - Gas Networks Ireland

New figures today show that gas demand decreased by 20% in July compared to the same month last year, and by 8% when compared to June.

Business • 14 Aug 23

European gas prices leap on Australian strike concerns

Dutch wholesale gas prices hit a nearly two-month intraday high this afternoon after news of possible strikes at Australian liquefied natural gas (LNG) facilities sparked concerns over cargoes moving to Asia.

Business • 09 Aug 23

British Prime Minister Rishi Sunak said new domestic fossil fuels would help to improve the energy security and reduce reliance on states such as Russia

UK commits to hundreds of North Sea oil, gas licences

Britain has committed to granting hundreds of licences for North Sea oil and gas extraction as part of efforts to become more energy independent, drawing criticism from environmental campaigners.

Business • 31 Jul 23

The residential sector drew -53% less gas in June compared to a month earlier

Gas demand 9% lower in June compared to last year

Warmer weather and the ending of the academic year in education institutions led to demand for gas dropping by 10% in June compared to May.

Business • 27 Jul 23