Latest news
EU extends state aid scheme for companies hit by rising energy prices
The European Commission on Monday (20 November) extended by six months to June 2024 a scheme enabling EU countries to help companies hit by energy price spikes caused by Russia’s war on Ukraine.
read more... 21/11/2023
Europe may not need additional LNG terminals
Europe may find itself with excess LNG capacity following a flurry of newbuild import terminals and project announcements in the wake of Russia’s invasion of Ukraine, amid declining demand, according to analysts.
read more... 01/11/2023
Russia dodges G7 price cap sanctions on most of its oil exports
Russian crude oil supplies increased 50% this spring despite the G7 countries imposing sanctions due to war in Ukraine, the Financial Times reported on Sunday citing data from analytics company Kpler.
read more... 25/09/2023
EU may become as hooked on China batteries as it was on Russian energy
The European Union could become as dependent on China for lithium-ion batteries and fuel cells by 2030 as it was on Russia for energy before the war in Ukraine unless it takes strong measures, a paper prepared for EU leaders said.
read more... 18/09/2023
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Europe's high gas prices hit industrial output
Europe's gas consumption is down by between 10% and 15% compared with the decade before Russia's invasion of Ukraine, as high prices enforce a sharp reduction in fuel use especially by energy-intensive manufacturers.
read more... 13/09/2023