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EU launches LNG benchmark in attempt to tame price spikes

European Union energy regulators have launched a liquefied natural gas (LNG) benchmark price in an effort to avoid the market mirroring spikes in volatile costs for pipeline gas.

read more... 05/04/2023

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Commission greenlights Italian €450 million green hydrogen scheme

The European Commission has given Italy the green light to set up a €450 million project to support integrated hydrogen and renewable energy production in brownfield sites.

read more... 05/04/2023

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Czechia replaces Russian nuclear fuel imports with US imports

The US company Westinghouse will supply both Czech nuclear plants with fuel, so the country can quit importing Russian nuclear fuel until the end of 2023.

read more... 05/04/2023

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Daily (04.04.2023): The energy complex in a strong bullish mood on Monday

Crude oil prices increased on Monday on expectations that China would take steps to boost economic growth. At the same time, the OPEC+ group's unexpected announcement of additional production cuts lent further support. Thus, both Brent and WTI crude soared by over 6%, to settle at $84.93 and $80.42 a barrel respectively.

read more... 04/04/2023

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Poland to spend big on power grid to meet renewables goals

Poland will need a huge upgrade of its power grids to cope with the transmission of energy from renewable and nuclear sources, a top official said on Monday, as the country set out an energy strategy that will see it shift away from fossil fuels.

read more... 04/04/2023

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