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Greece becomes ‘most important hub for alternative gas’ in Southeast Europe

As the Trans-Adriatic Pipeline (TAP) became operational last month, a Greek official stated that his country had become the most important hub for gas from sources other than Russia in Southeastern Europe, also thanks to its LNG terminals.

read more... 10/12/2020

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Daily (09.12.2020): Oil prices ended rather steady on Tuesday as surging COVID-19 cases dampened other positive news

Crude oil futures posted little changes on Tuesday as the potential for expanded lockdown measures countered news about the beginning of vaccination programs across Western economies this week and EIA’s forecast of higher oil prices in 2021. Hence, Brent crude added 0.1% to end rather flat at $48.84 a barrel. Meanwhile, WTI crude settled at $45.60 a barrel, posting a 0.4% loss day-on-day.

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France to build new nuclear-powered aircraft carrier

Macron framed the decision to use nuclear reactors to propel the future warship as part of France's climate strategy, stressing its lower emissions compared to diesel fuel

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Quarter of forecast LNG supply needed by 2040 to meet 2C global warming limit

Under a climate pact to cut global warming, nations have committed to a long-term goal of limiting the average temperature rise to below 2C above pre-industrial levels and to pursue efforts to limit it even further to 1.5C.

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German EWE eyes carbon neutrality by 2035

German utility EWE has announced plans to be carbon neutral by 2035 and aims to close its hard coal-fired units by the mid-20s at the latest.

read more... 09/12/2020

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