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EU clinches deal on mandatory gas storage for next winter
European Union negotiators on Thursday (19 May) agreed on mandatory gas storage obligations for EU countries, aiming for the the bloc’s storages to be at least 85% full by 1 November 2022.
read more... 20/05/2022
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EDF says Hinkley Point start now June 2027, costs rise
French utility EDF said on Thursday it was pushing back the start date on its Hinkley Point C nuclear reactor to June 2027 and now estimated project costs in the range of 25 billion to 26 billion pounds ($31 to $32 billion).
read more... 20/05/2022
EU tables €300bn plan to ditch Russian fossil fuels, speed up green transition
The European Commission submitted on Wednesday (18 May) a €300 billion plan to eliminate Russian energy imports by 2027, although it admitted this would require short-term investments in new fossil fuel infrastructure to replace imports of Russian oil and gas.
read more... 20/05/2022
Daily (19.05.2022): Oil prices lost 2.5% as U.S. refiners ramp up output
Oil prices fell on Wednesday, after government data showed U.S. refiners ramped up output, while equities fell. Consequently, Brent crude dropped by 2.5% to $109.11 a barrel, and WTI crude oil fell by 2.5% to $109.59 a barrel.
read more... 19/05/2022
EU to map out escape route from Russian fossil fuels
The European Commission will on Wednesday unveil a 210 billion euro plan for how Europe can end its reliance on Russian fossil fuels by 2027, and use the pivot away from Moscow to quicken its shift to green energy.
read more... 19/05/2022