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
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
