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Russia aims to boost oil exports before reaching output peak in 2027-2029
Russia's revised oil strategy will focus on maximizing monetization from crude exports before hitting peak production in 2027-2029 and seeing world demand drop, according to a draft document on the development of the sector up to 2035 being reviewed by the State Duma and set to be approved by the government April 22.
read more... 15/04/2021
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Europe risks €87 billion in stranded fossil gas assets
Fossil gas consumption needs to decline 36% from 2020 to 2030, according to the European Commission, but the planned public and private investment would see an increase of 35% from the current import capacity.
read more... 12/04/2021
Record fall in EU ETS-covered emissions in 2020
Greenhouse gas (GHG) emissions from stationary installations covered by the EU emissions trading system (ETS) are projected to have fallen by the largest amount last year since the launch of the carbon market, according to provisional data released by the European Commission this week.
read more... 08/04/2021
Record 260GW of clean power added in 2020
A record of over 260GW of new renewable energy capacity was installed in 2020, despite the impact of Covid-19, according to new data from the International Renewable Energy Agency (IRENA).
read more... 06/04/2021
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Russia to remain dominant gas supplier for Europe to 2040
Russia is set to remain the dominant gas supplier to Europe up to 2040, according to the latest long-term European gas outlook from S&P Global Platts Analytics.
read more... 01/04/2021