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Support grows for reopening Dutch gas taps amid supply crisis
An increasing number of people and industry experts in the Netherlands are in favour of producing more gas from the country’s huge but depleting Groningen gas field amid growing concerns about a Europe-wide energy supply crunch.
read more... 25/03/2022
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Germany to start gas phase-out from 2024
Germany's coalition government has agreed to phase out natural gas from 2024, beginning with a drive to deploy renewable energy in heating, it said on Thursday.
read more... 25/03/2022
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EU tables plan to certify gas storage operators, threatening Russia’s Gazprom
A new mandatory certification scheme for owners of gas storage infrastructure was tabled by the European Commission on Wednesday (23 March), warning that those posing a security risk to Europe will have to give up ownership or cede control of facilities.
read more... 25/03/2022
Daily (24.03.2022): Oil prices gained over 5% on Wednesday, on prospects of more sanctions against Russian oil and a drop in US commercial crude reserves
Crude oil prices increased sharply on Wednesday, amid anticipations of additional sanctions against Russia ahead of several key international summits. Moreover, US commercial crude stocks dropped by a larger-than-expected amount, lending additional support. Hence, Brent oil surged by 5.3% to $121.60 a barrel and WTI crude rose by 5.2% to $114.93 a barrel.
read more... 24/03/2022
Germany's Scholz reiterates opposition to immediate EU sanctions on Russian energy imports
German Chancellor Olaf Scholz reiterated March 23 his opposition to any immediate curbs on EU imports of Russian fossil fuels, warning that any such moves would plunge the region into an economic recession.
read more... 24/03/2022