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Germany secures four floating LNG terminals in mad rush to replace Kremlin gas
As Russia’s war continues, the German government has been frantically looking for alternatives to Russian pipeline gas and mobile floating tankers repurposed to process LNG from around the world have become the government’s solution.
read more... 06/05/2022
EU hopes to build on past experience to fast-track hydrogen market
In its attempt to create an EU-wide market for clean hydrogen, the European Commission aims to build on years of experience spent trying to integrate EU markets for gas and electricity. These lessons could prove crucial to grow the hydrogen market and meet the bloc’s 2030 climate goals.
read more... 06/05/2022
Volkswagen boosts electric car investment in Spain to 10 bln euros
German carmaker Volkswagen AG and partners will invest 10 billion euros ($10.6 billion) to make electric vehicles and batteries in Spain, its chief executive said on Thursday, 3 billion euros more than it had previously committed.
read more... 06/05/2022
Daily (05.05.2022): Oil prices rose following EU proposal to ban imports of Russian crude
Oil prices jumped, as European Union proposed a ban on imports of Russian crude within six months and on refined oil products from the country by year-end. Consequently, Brent crude surged by 4.9% to $110.14 a barrel, and WTI crude oil soared by 5.2% to $107.81 a barrel.
read more... 05/05/2022
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Swiss preparing for possible 'severe' electricity and gas shortages
The Swiss government is setting up a gas sector crisis intervention group and a monitoring system for early detection of an impending electricity shortage, it said on Wednesday, as it prepares for the possibility of "severe" power shortages.
read more... 05/05/2022