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Daily (19.03.2021): Oil prices plummeted by 7% on Thursday amid faltering vaccine rollout in Europe
Oil prices plummeted for a fifth day in a row on Thursday due to tighter restrictions in many EU countries, including Italy, France and Poland, as the slowdown in vaccination programs in Europe led to rising Covid-19 cases. Hence, Brent crude dropped by $4.72, or 6.9%, to settle at $63.28 a barrel, while U.S. WTI crude fell $4.60, or 7.1%, to settle at $60.00 a barrel. Both contracts tumbled by more than 11% since their recent highs hit on March 8.
read more... 19/03/2021
Hungary and Poland plan nuclear to replace coal
Hungary is now the sixth European country to bring forward its coal phaseout plan, announcing that it will shut its last remaining coal plant in 2025. Meanwhile Poland says its first nuclear power unit will be built in Gdansk and the second one probably at the site of its Belchatów coal plant.
read more... 08/03/2021
Lithuania to start supplying LNG to Poland next year
Lithuanian state-controlled energy company Ignitis Group will start supplying liquefied natural gas (LNG) to Poland next year when a new pipeline between the two countries comes online, its CEO said on Monday.
read more... 02/03/2021
Poland’s LNG Imports Again Jump as Russian Supplies Decline
Poland’s state-owned natural gas company said its liquefied natural gas (LNG) imports totaled 3.76 billion cubic meters (Bcm) in 2020, or 10% more than in 2019.
read more... 11/02/2021
Lithuania, Poland cross-border section of new gas link laid
The gas grids of Lithuania and Poland have now been directly linked after the cross-border section of the under-construction interconnector between the two countries was laid, Lithuanian transmission system operator Amber Grid said Feb. 2.
read more... 04/02/2021