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EU leaders seek escape route from Russian fossil fuels, weigh energy investment plan
European Union leaders will tackle ways to wean themselves off Russian fossil fuels on Thursday (10 March) and debate how quickly to ditch their key supplier, with countries split over whether to sanction oil and gas imports as Moscow wages war in Ukraine.
read more... 11/03/2022
Germany steps up efforts to cut Russian energy reliance
Germany on Wednesday took more steps to diversify its energy supplies in a bid to cut dependence on key supplier Russia, announcing a 1.5 billion euro order for non-Russian liquefied natural gas (LNG) and slowing its exit from coal.
read more... 03/03/2022
Daily (23.02.2022): European front-year electricity prices jumped over 6% on Tuesday amid fuels rally, Ukraine tensions
Oil prices continued to rise on Tuesday, with Brent crude marking its highest settlement price since 2014 after Russian troops entered eastern Ukraine, raising concerns of disruptions to supply from Europe’s main energy supplier. Hence, Brent crude increased by $1.52, or 1.5%, to settle at $96.84 a barrel. U.S. WTI crude rose by 0.4% to end at $91.91 a barrel.
read more... 23/02/2022
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EU will consider making countries fill gas storage
The European Union will consider whether to require member states to fill their natural gas storage to prescribed levels, a senior official said as the bloc seeks energy security amid fears of a conflict in Ukraine involving major supplier Russia.
read more... 22/02/2022
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EU, US pledge gas cooperation as tensions rise over Ukraine
The United States and the European Union pledged on Monday (7 February) to work to ensure gas supplies can respond to disruptions in pipeline gas flows, as tensions rise over the massing of troops on Ukraine’s borders by Russia, Europe’s biggest gas supplier.
read more... 09/02/2022