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G7 mulls options to restrict Russian oil profits
The Group of Seven (G7) wealthy nations is looking at blocking the transportation of Russian oil among other options to deprive Moscow of bumper revenues amid its invasion of Ukraine, unless it heeds a price cap.
read more... 03/08/2022
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EU backs €406.4m Dutch scheme to support filling of gas storage facility
The European Commission has approved a Dutch scheme, worth up to €406.4 million (£345m), to support the filling of the gas storage facility Bergermeer amid Russia’s invasion of Ukraine.
read more... 27/07/2022
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Belgium reaches initial deal with Engie to prolong nuclear power
Belgium has reached an initial accord with French utility group Engie to extend the use of nuclear power by 10 years after Russia's invasion of Ukraine forced the government to rethink plans to rely more on natural gas.
read more... 25/07/2022
High power prices will last for years – Vattenfall CEO
Europe will likely see extremely high and volatile power prices for several years even if the war in Ukraine were to end tomorrow, the CEO of Sweden’s Vattenfall told Montel on Monday.
read more... 05/07/2022
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Commercial power trade between Ukraine and continental Europe to start June 30
Commercial electricity trade between Ukraine/Moldova and the EU will start on June 30, the European Network of Transmission System Operators said June 28.
read more... 29/06/2022