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EU Proposes Member States Maintain Measures to Reduce Natural Gas Demand
The European Commission proposed on Tuesday that EU member states continue taking voluntary measures to maintain a collective 15% gas demand reduction compared to the five-year average to March 2022, as the bloc looks to continue stabilizing its energy and gas supply.
read more... 29/02/2024
Berlin launches ‘milestone’ strategies to capture and remove CO2 permanently
Germany will change its CO2 storage law to facilitate gas transport and is eyeing carbon capture in industry and the power sector while taking steps to become an emission-negative country past 2050.
read more... 27/02/2024
EU awards Italian energy groups $402 mln for green hydrogen
The European Commission has awarded financing of up to 370 million euros ($402 million) to set up a 'Green Hydrogen Valley' in Italy's Puglia region, the energy groups involved said.
read more... 27/02/2024
Daily (26.02.2024): European carbon prices slumped to their lowest level in 31 months on Friday
On Friday, oil prices tumbled. The decline was largely attributed to diminishing expectations that the US Federal Reserve would lower interest rates as quickly as the market had initially anticipated. Furthermore, the strength of the US dollar contributed to this sentiment. Consequently, Brent crude stood at $81.62 a barrel, and WTI crude settled at $76.49 a barrel, both contracts dropping by more than 2% day-on-day.
read more... 26/02/2024
First LNG vessel arrives at new German Mukran terminal
The first vessel carrying liquefied natural gas (LNG) for Germany's Baltic Sea terminal of Mukran arrived on Saturday for a test operation as the country steps up its quest to replace Russian pipeline gas.
read more... 26/02/2024