Transmission is getting a glow up and we want to hear from you what we can improve. Help us by filling in this short survey. https://form.typeform.com/to/kCdj85iK?typeform-source=www.linkedin.com
Gas prices spiked over 25% in a week as cold weather and short squeezes created chaos across European and US markets in January 2026.
Ed Porter speaks with Seb Kennedy, founder of Energy Flux, about the recent gas market crisis. Kennedy explains the short squeeze mechanics in European markets, US production freeze-offs, Trump's LNG policies, Venezuela's gas flaring tragedy, and Pakistan's solar boom versus LNG commitments.
You can watch or listen to new episodes every Tuesday and Thursday.
Transmission is a Modo Energy production. Your host is Ed Porter - VP of Insights.
Modo Energy helps the owners, operators, builders, and financiers of battery energy storage understand the market — and make the most out of their assets. Want all the latest power market news? Sign up for our free Weekly Dispatch newsletter
Chapters:
00:00 - Introduction and January 2026 gas spike
01:44 - Seb Kennedy's dual role journalist analyst
04:26 - Understanding TTF and Henry Hub hubs
05:37 - Investment fund positioning and short squeeze
09:05 - Weather patterns driving European gas demand
12:13 - Nuclear outages worsening European gas crisis
14:44 - US gas price spike explained
16:53 - Freeze-offs and US production challenges
21:13 - LNG export constraints at Freeport facility
25:20 - Trump administration's impact on LNG markets
29:20 - Panama Canal and geopolitical LNG considerations
30:47 - Venezuela's political upheaval and oil situation
32:40 - Venezuela's massive gas flaring crisis
35:20 - Pakistan's renewable boom versus LNG commitments
42:53 - Key themes to watch in 2026
44:25 - Contrarian view on import dependence
