AnewZ Morning Brief - 30th June, 2025
Start your day informed with AnewZ Morning Brief: here are the top news stories for 30th June, covering the latest developments you need to know.
Centrica, owner of British Gas, has agreed to a £20 billion deal with Norway’s Equinor to supply nearly 10% of the UK’s gas needs annually for the next decade, supporting energy security while paving the way for future hydrogen integration.
Centrica announced a long-term agreement to purchase approximately 5 billion cubic meters of natural gas each year from Norway’s state energy company, Equinor. The supply, sufficient to serve around 5 million UK homes, will begin this winter and continue until 2035, with prices linked to the prevailing market rates.
The deal builds on the longstanding energy partnership between the UK and Norway, a key gas supplier for more than 50 years. In line with the UK’s net zero ambitions, the contract includes provisions allowing gas imports to be gradually replaced by hydrogen from Equinor’s UK hydrogen projects.
Equinor is collaborating with Centrica and SSE on low-carbon hydrogen initiatives, including plans for a “pathfinder” hydrogen facility at the Aldbrough gas storage site in East Yorkshire, potentially operational by 2029.
Currently, the UK imports about two-thirds of its gas from Norway, though national demand dropped to record lows last year due to growing renewable energy capacity and increased power imports from Europe. The UK government anticipates gas demand will continue to decline throughout the next decade as electric alternatives and energy efficiency measures advance.
Centrica CEO Chris O’Shea described the deal as a “landmark agreement” highlighting the continuing role of natural gas in ensuring reliable energy supply while supporting the growth of a hydrogen market.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A data transmission failure at Milan's Area Control Center has suspended over 300 flights across northwest Italy since Saturday evening.
Oil prices fell on Monday as an easing of geopolitical risks in the Middle East and the prospect of another OPEC+ output hike in August improved supply expectations amid persistent uncertainty over the outlook for global demand.
U.S. President Donald Trump says a group of “very wealthy people” is ready to buy TikTok, but the deal will require China’s sign-off—despite looming deadlines under U.S. law.
Business Secretary Jonathan Reynolds will hold talks with Lotus after the carmaker moved to ease concerns over the future of its UK factory.
A notorious hacking group known as “Scattered Spider” has breached the networks of several airlines in the US and Canada this month, according to the FBI and cybersecurity experts.
The US stock market closed at record highs Friday, with both the S&P 500 and Nasdaq rebounding from late-session losses triggered by trade tensions with Canada.
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