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EU’s upcoming gas reform to address storage, joint procurement
A planned revision of EU gas market legislation, expected on 14 December, will seek to improve access to gas storage facilities and include provisions enabling the joint purchasing of gas stocks, the European Commission said.
read more... 06/12/2021
Daily (03.12.2021): EUAs hit a new record level close to 80 EUR/tonne on Thursday
Crude oil prices rebounded on Thursday after OPEC+ surprised the market yesterday choosing to stick to its plan of increasing oil output by 400 000 barrels per day in January. Hence, Brent crude rose by 80 cents, or 1.2%, to settle at $69.67 a barrel. U.S. WTI crude increased by 93 cents, or 1.4%, to end at $66.50 a barrel.
read more... 03/12/2021
Nine EU states oppose energy market overhaul in response to high prices
Germany, Denmark and seven other EU countries have opposed overhauling the bloc's electricity market in response to high energy prices, a move they said could increase the cost of adding renewable energy to the system in the long run, ahead of a meeting of EU ministers on Thursday.
read more... 03/12/2021
CMA CGM, Shell perform first Bio-LNG bunkering in Rotterdam
Global shipping company CMA CGM and energy company Shell have performed the first Bio-LNG bunkering trial in Rotterdam, paving the way for the shipping company to achieve its target of net zero carbon by 2050.
read more... 03/12/2021
UK 7 GW East Coast Hydrogen network could surpass government hydrogen target alone
The East Coast Hydrogen Consortium in the UK has the potential to connect up to 7 GW of hydrogen production by 2030, surpassing in a single region the government's target of 5 GW of low-carbon production by that date, the group said Nov. 30.
read more... 03/12/2021