Transmission

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