Latest news
Lawmakers close in on EU carbon market ‘frontloading’ to lower energy prices
Political groups in the European Parliament announced a deal on Tuesday (27 September) that will see the equivalent of €20 billion taken from the EU carbon market in a bid to finance the move away from Russian fossil fuels and lower consumer energy bills.
read more... 29/09/2022
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Hungary opposes EU sanctions on Russian nuclear sector
Hungary, which is highly dependent on Russian energy, said Monday (26 September) it staunchly opposed European Union sanctions on the Russian nuclear industry, following EU talks on the issue at the weekend.
read more... 28/09/2022
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Gas from Russia's Nord Stream 2 pipeline leaks into Baltic Sea
Danish authorities on Monday asked ships to steer clear of a five nautical mile radius off the island of Bornholm after a gas leak overnight from the defunct Russian-owned Nord Stream 2 pipeline drained into the Baltic Sea.
read more... 27/09/2022
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APPEC Russian oil diversion post-EU sanctions to raise shipping hurdles
Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil and products will have to be diverted to markets outside Europe and advanced economies when European Union sanctions take effect in the coming months, Vitol executives said.
read more... 27/09/2022
EU Parliament backs higher targets on renewables and energy savings
European Union lawmakers voted on Wednesday to raise the bloc's targets to expand renewable power and save energy, backing proposals that had been made more ambitious in a bid to quickly end Europe's reliance on Russian gas.
read more... 16/09/2022