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EC favours Nordic-style power market in draft reforms
The European Commission favours a Nordic-style power market with regional virtual trading hubs for all of the EU, according to an unofficial draft of its reform proposals expected next Thursday.
read more... 10/03/2023
EU sets out green industry deal to take on U.S. and China
The European Commission on Wednesday proposed allowing increased levels of state aid so that Europe can compete with the United States as a manufacturing hub for electric vehicles and other green products and reduce its dependence on China.
read more... 02/02/2023
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ICE warns it could relocate gas trading out of EU if bloc caps price
The Intercontinental Exchange has warned it will consider relocating its gas trading hub to outside of the European Union, if Brussels agrees a plan to cap gas prices.
read more... 16/12/2022
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Europe wary of Turkish hub to hide gas 'made in Moscow'
President Vladimir Putin's plan to make Turkey a hub for Russian gas in theory could allow Moscow to mask its exports with fuel from other sources, but that might not be enough to persuade Europeans to buy, analysts and sources said.
read more... 01/12/2022
Germany wants to boost gas trading hub credit line to 20 bln euros
Germany wants to give an additional 5 billion euros' ($5.1 billion) worth of credit to the nationwide gas market trading hub to enable forward sales from gas storage facilities, according to a finance ministry document seen by Reuters.
read more... 22/11/2022