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Germany set to attach conditions to gas price 'brake'
The German government is likely to insist companies that benefit from a planned "brake" on gas prices meet conditions, such as staying in the country or preserving 90% of the jobs they provide for a year, sources familiar with matter told Reuters.
read more... 31/10/2022
Daily (28.10.2022): Oil prices extended gains amid increasing US crude exports and rising global demand.
Oil prices surged on Thursday, boosted by increasing US crude exports and rising global demand. Consequently, Brent crude ended at $96.96 a barrel, and WTI oil rose by 1.3% to $89.08 a barrel.
read more... 28/10/2022
Swedish grid operator proposes $5 bln power price subsidy
Sweden's national power grid operator proposed on Thursday that the government spend 55 billion Swedish crowns ($5.05 billion) this year on subsidies to households and businesses hit by unusually high energy costs.
read more... 28/10/2022
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Poland’s power grid needs €25 billion upgrade for renewables
Poland’s electricity network requires a major investment of at least €25 billion to enable the transition away from coal towards renewables and nuclear energy, according to a recent report on Poland’s energy transition.
read more... 28/10/2022
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Germany, Greece hopeful of an EU agreement to curb gas price spikes
German Chancellor Olaf Scholz said on Thursday he believed EU states could find a solution to contain speculative spikes in gas prices, while Greece urged EU energy ministers to reach agreement on the issue when they meet next month.
read more... 28/10/2022