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European gas storage on track to meet target but at a cost
European countries are on track to reach a gas storage filling target by the start of this winter, but the cost of replenishing stocks will be over 50 billion euros ($51 billion), 10 times more than the historical average of filling up tanks for winter.
read more... 05/08/2022
Daily (04.08.2022): Oil prices fell on Wednesday as OPEC countries agreed to raise their September oil output targets
Oil prices fell on Wednesday as OPEC+ countries agreed to raise their September oil output targets by 100,000 barrels per day. As such, Brent crude oil price settled 3.8% lower at $96.78, while WTI crude fell by around 4% to $90.66 per barrel.
read more... 04/08/2022
EU approves €3 billion German green heating scheme
The European Commission said on Tuesday (2 August) it had approved the German government’s €3 billion scheme to support renewable energy and waste heat-based district heating programs, which it said would help Germany and the EU achieve their climate change targets.
read more... 03/08/2022
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UK to remove cost exemptions for imported green energy, to stop recognizing EUGOs
The UK Government is set to end exemptions for imported green energy in Feed-in Tariffs and Contract for Difference schemes with a target date pending legislation of April 1, 2023, it said in an update to a consultation on the move posted on its website July 27.
read more... 29/07/2022
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France against uniform targets on gas consumption reduction in Europe
France is against setting uniform targets for the reduction of gas consumption in Europe amid a looming energy crisis, said French energy ministry officials.
read more... 26/07/2022