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UK Considers Decoupling Power From Gas Prices In Biggest Reform In Decades
The UK government is considering ending the pricing system of British power prices, which are now linked with natural gas prices, in a bid to reduce energy bills for millions of households, The Times reported on Monday, quoting government sources.
read more... 15/06/2022
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Lithuania launches gas link with Poland
A gas pipeline connecting the Baltic states and Finland to the EU's single gas network became operational on Thursday, the Lithuanian Ministry of Energy has announced.
read more... 10/05/2022
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Prysmian and Siemens Energy win UK-Germany power link contract
The NeuConnect consortium has awarded contracts worth £1.5bn ($1.95bn) to Prysmian Group and Siemens Energy to deliver cabling works and converter stations for the first subsea power link between the UK and Germany.
read more... 13/04/2022
Germany, Norway agree tentative plan to build hydrogen pipeline link
With Europe planning to end its reliance on Russian gas as quickly as possible, Norway, the second-largest gas exporter to the EU, “wants to actively contribute to the rapid development of the hydrogen market in Germany” and on the continent.
read more... 18/03/2022
Daily (15.03.2022): British gas prices dropped sharply on Monday amid peace talks, healthy supply
Crude oil prices fell sharply on Monday to hit their lowest levels in two weeks amid ongoing negotiations between Russia and Ukraine, as well as pandemic-linked travel ban in China. Hence, Brent crude dropped by 5% to settle at $106.90 a barrel. U.S. WTI crude shed by 5.8% to close at $103.01 a barrel.
read more... 15/03/2022