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EU summit draft backs urgent refilling of gas stores for next winter
European Union countries should immediately start refilling their gas stores to prepare for next winter and provide a buffer against supply shocks, EU country leaders will say at a summit next week.
read more... 17/03/2022
Portugal to auction 3-4 GW of floating offshore wind farms in summer
Portugal plans to hold its first auction for floating offshore farms this summer, which it hopes will be able to produce between 3 and 4 gigawatts (GW) of power in 2026, Environment and Energy Transition minister Joao Matos Fernandes told Reuters.
read more... 17/03/2022
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Daily (16.03.2022): Oil prices fell below $100 a barrel on Tuesday amid China lockdown, hopes for a nuclear deal
Crude oil prices fell below $100 a barrel on Tuesday after China, the world’s largest oil importer, imposed new lockdowns to fight against an outbreak of the coronavirus, move which could jeopardize demand. Suggestions that Russia could allow the revival of the nuclear deal with Iran to go ahead put further downward pressure on prices. Hence, Brent crude shed by 6.5% to settle at $99.91 a barrel. U.S. WTI crude dropped by 6.4% to end at $96.44 a barrel.
read more... 16/03/2022
Danish political agreement reached on up to 6 GW electrolysis target
A broad political agreement has been reached in Denmark to spur Power-to-X technologies, including a DKK-1.25-billion (USD 184m/EUR 168m) tender for hydrogen production, the Ministry of Climate, Energy and Utilities said on Tuesday.
read more... 16/03/2022
Widespread support in EU Parliament for 45% renewable energy target
In reaction to the Russian invasion of Ukraine, there is growing support across the European Parliament to increase the EU’s 2030 renewable energy target and break away from Russian fossil fuels, lawmakers from across the political spectrum told EURACTIV.
read more... 16/03/2022