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EU opens joint gas buying with eye to winter energy security
The European Union launched a scheme on Tuesday for European companies to place orders to jointly buy gas, with the aim of ensuring Europe has enough fuel and avoiding a repeat of last year's record-high energy prices.
read more... 26/04/2023
Multinational consortium to build hydrogen hub in German port city
Agroup of seven German energy firms are collaborating to build 10GW of green hydrogen generation capacity by 2030. The deal aligns with Germany’s hydrogen targets for the same period.
read more... 26/04/2023
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Lithuania to decide on withdrawal from Russia-Baltic power treaty by Aug. 6
Lithuania will make a decision on whether to withdraw from a treaty governing the common power grid of Russia, Belarus and the three Baltic States by Aug. 6, based on a review of studies into the potential impact, its energy minister said on Monday.
read more... 25/04/2023
Bulgartransgaz mulls 860 mln euro hydrogen pipeline project
Public gas transmission system operator Bulgatransgaz said it is in the early stages of developing a project for a new hydrogen infrastructure, which would require an estimated near-term total investment of 860 million euro ($974.4 million) and would be part of of a future hydrogen corridor from Southeast to Central Europe.
read more... 25/04/2023
Daily (25.04.2023): Crude oil prices rose by 1% on Monday amid growing demand in China
Crude oil prices continued to rebound on Monday amid upbeat demand signals from Asia. Bookings made in China for travels overseas for the approaching May Day holiday indicate that travel to Asian nations is still recovering. Hence, Brent crude rose by $1.07, or 1.3%, to settle at $82.73 a barrel. Meanwhile, U.S. WTI crude settled up 89 cents, or 1.1%, to end at $78.76.
read more... 25/04/2023