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EU ministers back €20 billion plan to ditch Russian fossil fuels
EU finance ministers reached a deal on Tuesday (4 October) to raise €20 billion from the bloc’s carbon market to support the transition away from Russian energy, opening the way for talks with the European Parliament to finalise the plan.
read more... 06/10/2022
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Hungary aims to eliminate reliance on Russian gas by 2050 - minister
Hungary, one of the European Union's most-reliant members on Russian energy, aims to eliminate Russian gas imports by 2050 by a large-scale electrification drive, Technology and Industry Minister Laszlo Palkovics said on Tuesday.
read more... 04/10/2022
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Gazprom gas exports to Europe slump 40% in Jan- Sep
Gazprom’s gas exports to Europe plunged 40.4% in the first nine months of the year, the Russian energy giant said on Monday.
read more... 04/10/2022
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EU wants ‘new transactions-based LNG benchmark’ in bid to calm prices
The European Union wants a new transaction-based benchmark for liquefied natural gas (LNG) as it says the fall in Russian pipeline gas flows and record high LNG imports have created imbalances in the current pricing mechanism.
read more... 03/10/2022
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EU vows to protect energy network after 'sabotage' of Russian gas pipeline
The European Union on Wednesday promised a "robust" response to any intentional disruption of its energy infrastructure after saying it suspected sabotage was behind gas leaks discovered this week on subsea Russian pipelines to Europe.
read more... 30/09/2022