Latest news
European gigafactories essential to supply growing EV demand
With a number of gigafactories currently being built, Europe is becoming a growth market for battery manufacturing, which is essential to ensuring that Europe's fast-growing electric vehicles (EV) market can source locally supplied batteries, according to battery manufacturing panelists at the Bloomberg New Energy Finance (BNEF) Munich Summit May 17.
read more... 19/05/2021
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Gazprom shrugs off renewables with prediction of rising gas demand
Russian gas giant Gazprom expects demand for natural gas to grow in the coming decades and for it to play a bigger role in energy consumption than renewable sources and hydrogen, a company official said on Tuesday.
read more... 19/05/2021
Daily (18.05.2021): European carbon prices retreated on Monday, but still hover above 56 EUR/tonne
Crude oil saw an upwards adjustment on Monday despite worsening coronavirus situation in Asia, with the market still hoping of a demand recovery. Hence, Brent crude increased by 1.1% to settle at $69.46 a barrel. U.S. WTI crude ended at $ 66.27 a barrel, notching a 1.4% gain day-on-day.
read more... 18/05/2021
Russia's Novatek brings forward start date for Arctic LNG 2's third train to 2025
Russia's Novatek plans to start up the third train at its 19.8 million mt/year Arctic LNG 2 project in 2025, CEO Leonid Mikhelson said May 17, earlier than previous guidance of 2026.
read more... 18/05/2021
Construction starts on Ørsted’s first green hydrogen project
Ørsted has started construction of the 2 MW H2RES offshore wind-to-hydrogen project in Denmark, for which the company reached a final investment decision (FID) in January.
read more... 18/05/2021