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Commission presents parliament with Energy Charter Treaty exit plan
The European Commission’s plan to withdraw the bloc from the Energy Charter Treaty while allowing member states the right to remain if they choose was presented to Parliament on Thursday (21 March).
read more... 22/03/2024
Britain seeks views on 2027 carbon border tax
Britain has launched a consultation on how it should apply a new carbon import levy on some products from 2027 to help to protect businesses against cheaper imports from countries with less strict climate policies.
read more... 22/03/2024
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Global natural gas investments to reach almost $9 trillion by 2050
The Gas Exporting Countries Forum's (2050) forecast report projects that global natural gas investments will total almost $9 trillion by 2050, with $8.2 trillion directed toward the upstream sector and $0.74 trillion for the midstream sector.
read more... 22/03/2024
Daily (21.03.2024): Forward gas prices dropped sharply on Wednesday amid ample storage levels and strong Norwegian flows
On Wednesday, oil prices fell as the dollar weakened after the Fed announcement, while investors took advantage of recent price spikes amidst worries about possible supply disruptions in Russia. As a result, Brent crude oil fell by about 2% to settle slightly below $86 a barrel, while WTI crude declined by around 3% to stand at $81.27 a barrel.
read more... 21/03/2024
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Bulgartransgaz opens tender for Vertical Gas Corridor expansion
Bulgarian state-owned gas transmission operator Bulgartransgaz said on Wednesday that it has decided to launch a tender for expanding infrastructure as part of an initiative to build a gas corridor linking Greece and northern Europe.
read more... 21/03/2024