Siemens has seen 'even in the last quarter, good orders' for turbines coming in from Europe
Siemens sees no slackening in European gas-to-power
Gas-to-oil conversions are nonetheless presenting the turbine maker with opportunities
“If you look at our customers, we see that fleet utilisation, interestingly enough, so far remains stable in all regions. We have not yet seen any signs of change in customer behaviour when it comes to gas turbines.” So says Christian Bruch, CEO of hardware manufacturer Siemens Energy. In other words, in Siemens’ experience, Europe’s gas-fired power plants have not yet responded to record high prices by reducing output. “In light of normal fluctuations which you have between the quarters, the utilisation rate is relatively stable,” Bruch continues, even “during the time when the gas price [has been] relatively high”. “You have to keep in mind that only roughly 20pc of [Europe’s] gas consumpt
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
