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Berlin to spend EUR 203bn to speed up energy transition
Berlin aims to fund the German energy transition and climate protection measures with EUR 203bn by 2026, an increase of EUR 86bn, to reduce its dependency on Russian energy supplies, Germany’s economy ministry said late on Wednesday.
read more... 18/03/2022
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Germany rules out prolonging its nuclear power plants
Berlin has ruled out extending the lifetime of its existing nuclear fleet, brushing aside energy security concerns after Moscow threatened to halt gas supplies to Germany in retaliation for Western sanctions in the ongoing Russia-Ukraine war.
read more... 09/03/2022
Germany steps up efforts to cut Russian energy reliance
Germany on Wednesday took more steps to diversify its energy supplies in a bid to cut dependence on key supplier Russia, announcing a 1.5 billion euro order for non-Russian liquefied natural gas (LNG) and slowing its exit from coal.
read more... 03/03/2022
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Italy can cope without Russian gas, explores alternatives
Italy would be able to weather a complete breakdown in gas supplies from Russia in the short-term but that would make following winters more difficult, Prime Minister Mario Draghi said on Tuesday.
read more... 02/03/2022
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Daily (25.02.2022): British gas prices rocketed on Friday as a result of the Russian attack on Ukraine
Oil prices increased on Thursday, ending close to $100 a barrel amid uncertainty about potential disruptions in Russian oil supplies following Russia’s continued full-scale attack on Ukraine. Hence, Brent crude soared by 2.3% to settle at $99.08 a barrel. U.S. WTI crude rose by 0.8%, to settle at $92.81 a barrel.
read more... 25/02/2022