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Bulgarian government doubts it will collect gas taxes from Putin
The government has decided to withdraw the estimated revenue of €1.2 billion from the new tax on the transfer of Russian gas from the state budget 2024 because the ruling majority doubts that the money can be obtained, Finance Minister Asen Vasilev said on Sunday.
read more... 21/11/2023
France’s New ESG Rule Could Result in $7.6 Billion of Oil and Gas Divestments
France’s new regulation, which will not allow funds invested in fossil fuel companies with new development plans to use a national ESG label, could result in forced divestments of $7.6 billion (7 billion euros) of oil and gas assets currently held by funds, according to a Morningstar Inc analysis carried by Bloomberg.
read more... 20/11/2023
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EC sues Poland over cross-border gas trading restrictions
The European Commission has decided to bring a lawsuit against Poland to the European Court of Justice over its legislation imposing additional costs on cross-border gas trading, the former said on Thursday.
read more... 17/11/2023
Germany presents hydrogen core network plan in bid for 2045 climate neutrality
Germany's core network for hydrogen fuel will extend over 9,700 km (6,000 miles) and cost around 20 billion euros ($21 billion) by 2032, the chairman of transmission system operator FNB Gas said on Tuesday, as Berlin bets on the fuel for decarbonisation.
read more... 15/11/2023
EU agrees law to hit fossil fuel imports with methane emissions limit
The European Union reached a deal on Wednesday on a law to place methane emissions limits on Europe's oil and gas imports from 2030, pressuring international suppliers to clamp down on leaks of the potent greenhouse gas.
read more... 15/11/2023