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Baltic States Cut Energy Imports from Russia, Belarus
Lithuania’s electricity transmission system operator Litgrid has said it would slash threefold its electricity imports from Belarus as a step toward abandoning electricity intake from Russia and Belarus by 2025 and joining the European Union’s (EU) energy system.
read more... 07/07/2021
EU countries clash over scale of future hydrogen imports
The EU has historically been a major energy importer, with a majority of its oil and gas coming from Russia or the Middle East. Now, as Europe decarbonises its industry, some countries fear it could increasingly become dependent on imported hydrogen.
read more... 15/06/2021
Germany to support 500 MW electrolyzers abroad with $1.1 billion
Germany's H2Global green hydrogen import initiative aims to establish 500 MW of electrolysis capacity outside the EU with Eur900.00 million ($1.10 billion) of funding support, the country's energy ministry said June 14.
read more... 15/06/2021
U.K. Poised to Become Net Energy Exporter to Europe in Near Future
Although the UK currently imports around 7% of its electricity from Europe, the tables are going to be turned soon, partly due to the on-going establishment of new links to the continent. Aiming to quadruple offshore wind capacity this decade, the UK could have excess power to send through those transmission lines. Consequently, the UK could become a net energy exporter to Europe in five years.
read more... 09/06/2021
Daily (08.06.2021): British gas prices gained ground on Monday amid muted wind, weak inventories and strong CO2 prices
Crude oil prices retreated on Monday as China’s crude imports slid by 15% year- on- year in May to a five-month low, heightening demand concerns. Hence, Brent crude eased by 0.6% to settle at $71.49 a barrel. Meanwhile, U.S. WTI crude slipped by 0.6% as well, to end at $69.23 a barrel.
read more... 08/06/2021