Global energy employment report from IEA
Germany to subsidise basic electricity quota
China boosts coal imports amid hot dry spell
China buys cheap LNG from Russia ($BBG)
U.S. power use forecast to hit record in 2022
White House plan to cut industrial emissions
Semiconductor makers face downturn ($BBG)
Europe set for big gas shortfall in 2023 ($BBG)
Europe energy suppliers face Lehman moment
Goldman’s case for a U.S. soft landing ($WSJ)
Pakistan’s floods risk triggering unrest ($FT)
U.S. COOLING DEMAND since the start of the year has been around +11% higher than the long-term seasonal average (1981-2010) and +2% higher than the prior seven-year average (2015-2021). Higher-than-usual temperatures have contributed to pressure on electricity networks and put gas consumption by power generators on course for a record high this year:
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