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UK to reduce support for business energy costs
Britain's government will set out next week how it intends to scale back subsidies for businesses' soaring energy costs, after finance minister Jeremy Hunt described the current programme as "unsustainably expensive".
read more... 05/01/2023
Daily (04.01.2023): European power spot prices plummeted on Tuesday, amid expectations of weaker wind output.
Oil prices were bearish on Tuesday, amid fears about demand and global recession. Consequently, Brent crude fell by 4.4% to $82.10 a barrel and WTI oil dipped by 4.1% to $76.93 a barrel.
read more... 04/01/2023
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Bulgaria signs long-term gas deal with Turkey
Bulgaria's state gas company Bulgargaz on Tuesday signed a long-term deal with Turkish state gas firm Botas, giving it access to neighbouring Turkey's gas network and liquefied natural gas (LNG) terminals to help bring in supplies.
read more... 04/01/2023
Germany Welcomes First LNG Carrier At New Wilhelmshaven Terminal
Germany welcomed on Tuesday the first tanker carrying liquefied natural gas (LNG) at the newly opened LNG import terminal at Wilhelmshaven, with the cargo arriving from the Calcasieu Pass export facility in the United States.
read more... 04/01/2023
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EU Works On Overhaul Of Power Market To Lower Energy Bills
The European Union is working on proposals designed to decouple gas prices and renewable energy prices in what could be a major overhaul in the bloc’s power market amid an unprecedented crisis.
read more... 04/01/2023