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LNG imports and new supply challenge Russia’s hold on European gas market

Russia’s dominance of Europe’s natural gas market, widely seen as threatening European energy security, is likely to be increasingly challenged as new suppliers establish a foothold in the region.

read more... 13/05/2020

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Daily (13.05.2020): Crude oil futures recovered on Tuesday amid additional supply cuts by Saudi Arabia

Crude oil futures gained ground on Tuesday, after OPEC’s de facto leader, Saudi Arabia, pledged to deepen production cuts in June to help drain the glut in the global market. Hence, Brent crude futures rose by 35 cents, or 1.2%, to settle at $29.98 per barrel, while the U.S. WTI crude soared by $1.64, or 6.8%, to settle at $25.78 per barrel.

read more... 13/05/2020

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German states eye hydrogen use in deal with Berlin for 20GW offshore wind

Germany’s five coastal states and the federal government, together with transmission system operators (TSOs) 50Hertz, Amprion and TenneT, have agreed to raise the country’s 2030 offshore wind target to 20GW from 15GW previously envisaged.

read more... 12/05/2020

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Tesla applies to become UK energy provider raising hopes its giant batteries could help power the country

Tesla, the company behind the Model 3, S, X, and Y electric cars, might become an energy provider in the United Kingdom.

read more... 12/05/2020

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Ukraine commissions 1st phase of 500-MW wind project

The first phase of the 500-MW wind farm complex in Zaporizhia region of Ukraine initiated operations in May 2020, a supplier for the project announced.

read more... 12/05/2020

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