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Spain, France won’t ban Russia LNG despite EU “gesturing”
Two of the three EU countries most reliant on Russian LNG – Spain and France – are unlikely to ban Russian imports despite Brussels paving the way for national restrictions, with one trader telling Montel the move was simply a “gesture”.
read more... 12/01/2024
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Vestas to build second wind turbine blade factory in Poland
Danish wind turbine manufacturer Vestas has announced plans to establish a new blade factory in the Polish city of Szczecin, 566km northwest of the country’s capital, Warsaw.
read more... 12/01/2024
Daily (11.01.2024): European carbon prices declined by around 3% on Wednesday amid bearish sentiment and notable increase in short positions
Oil prices fell by 1% on Wednesday due to a surprising rise in US crude inventories, causing concerns about the supply-demand balance. According to the report, US commercial crude inventories increased by 1.3 million barrels in the week ending January 5. As a result, Brent crude settled at $76.80, while WTI crude closed at $71.37 per barrel.
read more... 11/01/2024
UK eyes new 1.2 GW nuclear plant – government
The UK government on Thursday outlined plans for the biggest expansion of nuclear power for 70 years, including the possibility of building a major new power station to help boost the security of supply.
read more... 11/01/2024
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Poland may double wind power capacity by 2030
Poland has the potential to double its installed wind power capacity by 2030 but the industry needs faster permitting, improved auctioning procedures and must find a way to mitigate soaring costs, the local wind lobby said on Wednesday.
read more... 11/01/2024