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Daily (04.05.2022): Oil prices remained bearish on Tuesday as Europe mulls an Russian embargo
Oil prices extended losses on Tuesday amid concerns about China's capacity to keep its economy on track and maintain the substantial oil imports. Consequently, Brent crude fell by 2.4% to $104.97 a barrel, while WTI crude oil decreased by 2.6% to $102.41 a barrel.
read more... 04/05/2022
bp to invest up to $22 billion in UK energy system by 2030
bp intends to invest up to £18 billion ($22.5 billion) in the UK's energy system by the end of 2030, helping the country to deliver on its ambitions to boost energy security and reach net zero, bp said on Tuesday.
read more... 04/05/2022
Greece And Bulgaria Plan New LNG Terminal To Cut Russian Gas Reliance
The leaders of Bulgaria and Greece launched on Tuesday the construction of an LNG import terminal near the northern Greek port of Alexandroupolis, aimed at diversifying supply to southeast Europe and cutting its heavy reliance on Russian gas.
read more... 04/05/2022
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Finnish energy company ends contract with Rosatom over nuclear plant delivery
Finnish energy company Fennovoima has terminated a contract over the delivery of the Hanhikivi 1 nuclear power plant with Rosatom.
read more... 04/05/2022
Germany signs hydrogen cooperation agreement with India
Germany’s Minister of Economic and Climate Affairs Robert Habeck and his Indian counterpart R.K. Singh have signed an agreement on German-Indian hydrogen cooperation following multiple rounds of consultations.
read more... 03/05/2022