Energy

Spain's National Commission on Markets and Competition (CNMC) approved on Tuesday a proposal setting remuneration methodology for natural gas distribution networks for 2027-2032, keeping base levels steady with a 2% improvement. It rejects industry calls for 2020 cut compensation and adds incentives for biomethane injection and digitalization. The plan enters public consultation today.

March 26, 2026 Reported by AI

President José Antonio Kast signed the decree promulgating the “Emergencia Energética, Chile Sale Adelante” law and used the ceremony to address youth mobilized over historic fuel price hikes. He urged not harming the country further and suggested protesting without using public transport.

The U.S. Department of the Interior announced on Monday that it will refund nearly $1 billion to TotalEnergies for two unused offshore wind leases in the Atlantic Ocean. In exchange, the French company pledged to invest the funds in existing oil and gas projects in the Gulf of Mexico and Texas. Critics called the deal opaque and unnecessary.

March 25, 2026 Reported by AI

José Antonio Kast's government issued decrees tweaking the Mepco, allowing historic gasoline and diesel price hikes starting March 26. The move addresses surging oil prices from the Iran war and fiscal tightness, with relief for paraffin and transporters. Congress approved the bill after negotiations exempting SMEs from higher taxes.

The Törnblom family outside Heby pays up to a thousand kronor in effect fees some months, a charge energy minister Ebba Busch (KD) demands be removed. Local utility Sala-Heby Energy has had a similar fee since 2004 and has no plans to change it. The company argues the fee helps customers keep costs low.

March 25, 2026 Reported by AI

The government has ordered households in areas with existing piped natural gas (PNG) infrastructure to switch from LPG cylinders to PNG connections within three months of notice, or lose gas refill supplies. The directive addresses mounting pressure on India's LPG imports amid the West Asia conflict. Petroleum ministry joint secretary Sujata Sharma described it as a supply security measure.