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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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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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Germany weighs nationalising gas importer Sefe
Germany is looking at nationalising gas importer Sefe, previously Gazprom Germania, to protect it from bankruptcy, two sources familiar with the matter said on Thursday, a day after Berlin moved to nationalise top gas importer Uniper
read more... 23/09/2022
Daily (22.09.2022): Oil prices dropped to a two-week low on Wednesday after U.S. Fed hiked interest rates
On Wednesday, oil prices dropped to a two-week low as the U.S. Federal Reserve announced yet another important rate hike to combat inflation, which might dampen economic growth and oil demand. Thus, Brent crude decreased by nearly 0.9% to $89.83 a barrel, while WTI crude fell by 1.2% to $82.94 per barrel.
read more... 22/09/2022
EC approves up to €5.2 billion funding for second hydrogen IPCEI
The European Commission (EC) has approved IPCEI Hy2Use, the second Important Project of Common European Interest (IPCEI) in the hydrogen value chain. The project will receive up to €5.2 billion in public funding from thirteen member states.
read more... 22/09/2022