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Greece adopts key offshore wind law, targets 2 GW in its seas by 2030
Greece has taken a key step towards harnessing offshore wind with the approval in parliament last week of the country’s first Offshore Wind Law, industry group WindEurope said on Wednesday.
read more... 05/08/2022
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France agrees emergency gas market measures
The French parliament has agreed emergency gas market measures, including the building of a 50 TWh/year LNG terminal, to secure supply this winter.
read more... 05/08/2022
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European gas storage on track to meet target but at a cost
European countries are on track to reach a gas storage filling target by the start of this winter, but the cost of replenishing stocks will be over 50 billion euros ($51 billion), 10 times more than the historical average of filling up tanks for winter.
read more... 05/08/2022
Daily (04.08.2022): Oil prices fell on Wednesday as OPEC countries agreed to raise their September oil output targets
Oil prices fell on Wednesday as OPEC+ countries agreed to raise their September oil output targets by 100,000 barrels per day. As such, Brent crude oil price settled 3.8% lower at $96.78, while WTI crude fell by around 4% to $90.66 per barrel.
read more... 04/08/2022
Germany's gas levy cannot be implemented as planned
The German government will have to amend its energy security law again in September as its gas levy cannot yet be imposed on all consumers, including those with fixed prices contracts, government and parliamentary sources told Reuters on Wednesday.
read more... 04/08/2022