Duke Energy Gas Business Sale, Germany's Increased Energy Use: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

CORPORATE
Duke Energy to Sell Tennessee Natural Gas Business for $2.48 Billion - Duke Energy Corporation (Charlotte, North Carolina) said on Tuesday it would sell its Tennessee natural gas distribution business to Spire (Saint Louis, Missouri) for $2.48 billion in cash, as the utility aims to streamline operations and unlock capital to invest in electric grid upgrades. The sale agreement for the Piedmont Natural Gas Tennessee business includes nearly 3,800 miles of distribution and transmission pipelines and a liquefied natural gas facility serving about 205,000 customers. (Reuters)

EUROPE
Germany's Energy Use Rises 2.3% in Year's First Half - Germany's energy use rose 2.3% in the first half of 2025, industry statistics group AGEB said on Tuesday, citing cooler weather and a small uptick in economic performance as drivers. Energy usage in Europe's biggest economy increased to 187.3 million metric tons of coal equivalent, an industry standard measure, from 183.1 million in the first six months of 2024, AGEB's January-June report showed. In the first half of 2025, natural gas use rose by 4.7%, while light heating oil was up by nearly 18% due to weather patterns, AGEB said. Coal inputs in power stations rose by 23% as more conventional power was needed to offset weather-related declines in wind and hydroelectric generation. However, photovoltaic power consumption increased by 25%. (Reuters)

CHINA
China's Exports of Refined Fuels Rise - China's exports of key refined fuels are on track to jump to the highest in 16 months as refiners take advantage of rising profit margins. Shipments in July of middle and light distillates, which include diesel and gasoline, are forecast to reach 26.63 million barrels, or 859,000 barrels per day (BBL/d), data compiled by commodity analysts Kpler show. This figure is up from 796,000 BBL/d in June and the highest since the 1.06 million BBL/d in March 2024. (Reuters)

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About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).