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Austria, Croatia, Bavaria team up for Adriatic LNG project
In a bid to reduce dependence on Russian gas, Austria, Croatia and the German region of Bavaria announced an energy-political partnership during a visit by Austrian Chancellor Karl Nehammer and Bavarian Minister-President Markus Söder to Croatia’s liquefied natural gas (LNG) terminal in the northern Adriatic.
read more... 25/11/2022
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EU countries unhappy with 275 euro gas cap proposal
European Union energy ministers locked horns on Thusday over a proposed gas price cap at 275 euros per megawatt hour (MWh), grappling over its effectiveness at that level and the impact on supplies and incentives to cut consumption.
read more... 25/11/2022
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EU struggles with Russian oil price cap, talks to resume when positions converge
European Union governments remained split on Thursday over what level to cap Russian oil prices at to curb Moscow's ability to pay for its war in Ukraine without causing a global oil supply shock, with more talks possible on Friday if positions converge.
read more... 25/11/2022
Daily (24.11.2022): Cold weather and threats that Russia could cut gas exports contributed to the rise in gas prices on Wednesday
Oil prices were bearish on Wednesday, as EU members continued to discuss a price cap on Russian oil. Consequently, Brent crude traded 3.3% lower at $85.41 a barrel, and WTI oil fell by 3.7% to $77.94 a barrel.
read more... 24/11/2022
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France's first commercial-scale offshore wind farm starts full operations
France's first commercial-scale offshore wind farm started full operations on Wednesday, adding 480 megawatts of capacity to the grid at a time when Europe is scrambling to secure energy supplies following Russia's invasion of Ukraine.
read more... 24/11/2022