Latest news
.jpg)
Germany plans to put idled coal plants on standby in case of gas supply disruption
Germany is planning to use coal-fired power stations which would have been idled this year and next as reserve facilities in case of disruption to gas supplies from Russia, economy ministry sources said on Tuesday.
read more... 25/05/2022
.jpg)
EU countries urged to prepare for Russian gas ‘supply shock’
In a policy document due to be adopted on Wednesday (18 May), the European Commission urges EU member states to step up preparations for a “full disruption of Russian gas supplies” by considering emergency measures like a temporary cap on gas prices.
read more... 18/05/2022
EU readies 195 billion euro plan to quit Russian fossil fuels
The European Commission plans to unveil a 195 billion euro plan to stop importing Russian fossil fuels by 2027, combining a faster rollout of renewable energy and energy savings with a switch to alternative gas supplies, draft documents show.
read more... 13/05/2022
.png)
Daily (12.05.2022): Brent crude spiked by 5% on Wednesday on worries about supply
Brent oil prices increased on Wednesday by 4.9% to $107.51 per barrel amid a pending European Union ban on oil from Russia, that could further tighten global supplies is underpinning prices.
read more... 12/05/2022
.jpg)
Bulgaria becomes regional hub for gas supplies
A regional coordination centre will be set up in Bulgaria to manage the overall use of gas and electricity infrastructure and additional gas purchases for the Balkans and Italy, announced Deputy Prime Minister and Finance Minister Asen Vassilev in Brussels after meeting with EU Commission President Ursula von der Leyen and Executive Vice-President Frans Timmermans on Thursday (28 April).
read more... 02/05/2022