Gavin Maguire
@gavinjmaguire.bsky.social
Global Energy Transition Columnist at Reuters. Formerly the Asia Commodities News Editor in Singapore. Currently based in Colorado.
https://www.reuters.com/authors/gavin-maguire/
https://www.reuters.com/authors/gavin-maguire/
The chief driver of the rise in U.S. carbon intensity has been a roughly 13% increase in coal-fired power generation, which has lifted U.S. power sector emissions from fossil fuel use to three-year highs.
December 11, 2025 at 5:00 PM
The chief driver of the rise in U.S. carbon intensity has been a roughly 13% increase in coal-fired power generation, which has lifted U.S. power sector emissions from fossil fuel use to three-year highs.
Major Asian economies including China, India, Japan and Vietnam have cleaned up their power generation systems by more than the United States and Europe in 2025, setting the stage for an East-West divergence in energy transition momentum heading into 2026.
December 11, 2025 at 5:00 PM
Major Asian economies including China, India, Japan and Vietnam have cleaned up their power generation systems by more than the United States and Europe in 2025, setting the stage for an East-West divergence in energy transition momentum heading into 2026.
More opposition as well as further refining of the final plan can be expected over the coming months, which EU authorities hope to pass legislation on in early 2026.
December 4, 2025 at 3:44 PM
More opposition as well as further refining of the final plan can be expected over the coming months, which EU authorities hope to pass legislation on in early 2026.
Some countries - including Hungary and Slovakia - are weighing legal action against the EU as their economies are highly dependent on gas for power and industry and can't benefit from LNG imports as they are landlocked.
December 4, 2025 at 3:44 PM
Some countries - including Hungary and Slovakia - are weighing legal action against the EU as their economies are highly dependent on gas for power and industry and can't benefit from LNG imports as they are landlocked.
The European Union's plans to phase out Russian natural gas imports by 2027 will impact some member nations more than others, due to wide country variance in gas dependence and differing abilities to switch suppliers to other origins.
December 4, 2025 at 3:44 PM
The European Union's plans to phase out Russian natural gas imports by 2027 will impact some member nations more than others, due to wide country variance in gas dependence and differing abilities to switch suppliers to other origins.
A similar pattern seems to be unfolding as 2025 winds down, with coal-fired generation on the rise and gas-fired output getting pared back as gas prices approach three-year highs and strain the budgets of power suppliers.
December 3, 2025 at 3:04 PM
A similar pattern seems to be unfolding as 2025 winds down, with coal-fired generation on the rise and gas-fired output getting pared back as gas prices approach three-year highs and strain the budgets of power suppliers.
Between January and March of this year, U.S. gas prices jumped by a third due to a cold snap and strong LNG exports, which in turn sparked higher U.S. coal-fired power generation as utilities cut costs by burning cheaper coal instead of gas.
December 3, 2025 at 3:04 PM
Between January and March of this year, U.S. gas prices jumped by a third due to a cold snap and strong LNG exports, which in turn sparked higher U.S. coal-fired power generation as utilities cut costs by burning cheaper coal instead of gas.
Benchmark U.S. natural gas prices are ending 2025 in the manner that they began - with a strong rally. And that's bad news for people hoping for further cuts to U.S. coal use.
December 3, 2025 at 3:04 PM
Benchmark U.S. natural gas prices are ending 2025 in the manner that they began - with a strong rally. And that's bad news for people hoping for further cuts to U.S. coal use.
If the U.S. is to cement its role as the preeminent global supplier of LNG, export flows will need to grow sharply in key markets outside of Europe in areas where the likes of Qatar, Australia, Malaysia and Russia are already well established.
November 21, 2025 at 3:39 PM
If the U.S. is to cement its role as the preeminent global supplier of LNG, export flows will need to grow sharply in key markets outside of Europe in areas where the likes of Qatar, Australia, Malaysia and Russia are already well established.
Further, the U.S. share of exports into the largest region for LNG imports - Asia - is far smaller than rivals Qatar and Australia, which enjoy far more cost-effective shipping times to key markets such as Japan, China and India.
November 21, 2025 at 3:39 PM
Further, the U.S. share of exports into the largest region for LNG imports - Asia - is far smaller than rivals Qatar and Australia, which enjoy far more cost-effective shipping times to key markets such as Japan, China and India.
But while U.S. liquefied natural gas exports in 2025 are nearly a third more than those of the next largest exporter, the heavy skew of sales to Europe leaves American LNG vendors at risk of rapid volume downturns as European buyers curb gas use.
November 21, 2025 at 3:39 PM
But while U.S. liquefied natural gas exports in 2025 are nearly a third more than those of the next largest exporter, the heavy skew of sales to Europe leaves American LNG vendors at risk of rapid volume downturns as European buyers curb gas use.
A potent mix of American ingenuity and full-throated political backing has propelled the U.S. to the top of global LNG exporter rankings, and promoted a narrative that shipments of "freedom gas" will continue climbing to all markets for years to come.
November 21, 2025 at 3:39 PM
A potent mix of American ingenuity and full-throated political backing has propelled the U.S. to the top of global LNG exporter rankings, and promoted a narrative that shipments of "freedom gas" will continue climbing to all markets for years to come.
BESS boom - China's battery exports charge to new highs
China's exports of batteries and battery energy storage systems (BESS) have hit a record in 2025, soaring by 24% from the year before over the first nine months of the year.
More here:
www.reuters.com/markets/comm...
China's exports of batteries and battery energy storage systems (BESS) have hit a record in 2025, soaring by 24% from the year before over the first nine months of the year.
More here:
www.reuters.com/markets/comm...
November 18, 2025 at 6:23 PM
BESS boom - China's battery exports charge to new highs
China's exports of batteries and battery energy storage systems (BESS) have hit a record in 2025, soaring by 24% from the year before over the first nine months of the year.
More here:
www.reuters.com/markets/comm...
China's exports of batteries and battery energy storage systems (BESS) have hit a record in 2025, soaring by 24% from the year before over the first nine months of the year.
More here:
www.reuters.com/markets/comm...
Global power generation capacity is on track to expand by just over 25% once projects that are currently under construction are completed and steer power onto generation systems and electricity grids.
Details in today's column:
www.reuters.com/markets/comm...
Details in today's column:
www.reuters.com/markets/comm...
November 12, 2025 at 3:52 PM
Global power generation capacity is on track to expand by just over 25% once projects that are currently under construction are completed and steer power onto generation systems and electricity grids.
Details in today's column:
www.reuters.com/markets/comm...
Details in today's column:
www.reuters.com/markets/comm...
On the other hand, global output and use of coal, crude oil and natural gas have continued to climb to fresh records, along with resulting energy use emissions, which in 2024 were nearly 10% more than discharged in 2015.
November 10, 2025 at 3:59 PM
On the other hand, global output and use of coal, crude oil and natural gas have continued to climb to fresh records, along with resulting energy use emissions, which in 2024 were nearly 10% more than discharged in 2015.
On the one hand, an explosion in renewable energy deployment and a surge in electric vehicle sales have upended global power and car markets and ushered in an ongoing "electrify everything" push across the planet.
November 10, 2025 at 3:59 PM
On the one hand, an explosion in renewable energy deployment and a surge in electric vehicle sales have upended global power and car markets and ushered in an ongoing "electrify everything" push across the planet.
In the decade since the landmark COP21 Paris agreement aimed to limit global warming, both a lot and a little has changed when it comes to the energy sector makeup and the trajectory of emissions.
www.reuters.com/markets/comm...
www.reuters.com/markets/comm...
November 10, 2025 at 3:59 PM
In the decade since the landmark COP21 Paris agreement aimed to limit global warming, both a lot and a little has changed when it comes to the energy sector makeup and the trajectory of emissions.
www.reuters.com/markets/comm...
www.reuters.com/markets/comm...
Manufacturers in North America and Europe are set to embark on starkly different power-source paths in the decades ahead, which could reshape the future prospects for goods producers on both sides of the Atlantic.
More in today's column:
www.reuters.com/business/ene...
More in today's column:
www.reuters.com/business/ene...
October 17, 2025 at 2:07 PM
Manufacturers in North America and Europe are set to embark on starkly different power-source paths in the decades ahead, which could reshape the future prospects for goods producers on both sides of the Atlantic.
More in today's column:
www.reuters.com/business/ene...
More in today's column:
www.reuters.com/business/ene...
Charting the projected US power capacity mix through 2035:
www.reuters.com/business/ene...
Reuters Open Interest
www.reuters.com/business/ene...
Reuters Open Interest
August 21, 2025 at 2:36 PM
Charting the projected US power capacity mix through 2035:
www.reuters.com/business/ene...
Reuters Open Interest
www.reuters.com/business/ene...
Reuters Open Interest
But the growing reliance on natural gas for domestic power generation also stands to stoke tensions with the fast-growing LNG export sector, which is banking on access to abundant and cheap natural gas to drive further expansion.
August 20, 2025 at 3:52 PM
But the growing reliance on natural gas for domestic power generation also stands to stoke tensions with the fast-growing LNG export sector, which is banking on access to abundant and cheap natural gas to drive further expansion.
U.S. power firms are building out the most gas-fired power generation capacity globally, which will cement the country's position as by far the world's largest natural gas consumer and gas-fired power producer.
August 20, 2025 at 3:52 PM
U.S. power firms are building out the most gas-fired power generation capacity globally, which will cement the country's position as by far the world's largest natural gas consumer and gas-fired power producer.
Here's a refresher on Russia's commodities clout ahead of the Trump-Putin talks:
www.reuters.com/markets/comm...
www.reuters.com/markets/comm...
August 15, 2025 at 4:25 PM
Here's a refresher on Russia's commodities clout ahead of the Trump-Putin talks:
www.reuters.com/markets/comm...
www.reuters.com/markets/comm...
Gas prices for all major consumers have also increased notably from 2024, but are still holding below previous records scaled around 2022-2023.
August 14, 2025 at 2:32 PM
Gas prices for all major consumers have also increased notably from 2024, but are still holding below previous records scaled around 2022-2023.
Demand for U.S. natural gas has also climbed to record highs among commercial and industrial users, which has helped lift total U.S. gas consumption by the largest gas users by 5% from the year before to new all-time highs.
August 14, 2025 at 2:32 PM
Demand for U.S. natural gas has also climbed to record highs among commercial and industrial users, which has helped lift total U.S. gas consumption by the largest gas users by 5% from the year before to new all-time highs.
Key US natural gas trends to track as LNG exports hit new highs:
U.S. exports of LNG have scaled new highs so far this year, rising by over 20% from the same months in 2024 to cement the U.S.' position as the world's largest supplier of the super-chilled fuel.
U.S. exports of LNG have scaled new highs so far this year, rising by over 20% from the same months in 2024 to cement the U.S.' position as the world's largest supplier of the super-chilled fuel.
August 14, 2025 at 2:32 PM
Key US natural gas trends to track as LNG exports hit new highs:
U.S. exports of LNG have scaled new highs so far this year, rising by over 20% from the same months in 2024 to cement the U.S.' position as the world's largest supplier of the super-chilled fuel.
U.S. exports of LNG have scaled new highs so far this year, rising by over 20% from the same months in 2024 to cement the U.S.' position as the world's largest supplier of the super-chilled fuel.