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EU drafts plan to reduce gas consumption ahead of uncertain winter
The European Commission is drafting plans to help EU countries reduce fossil gas demand and, if necessary, curtail consumption in the face of “a likely deterioration of gas supply outlook” this winter, according to leaked policy proposals seen by EURACTIV.
read more... 15/07/2022
EU countries consider options to avoid carbon market fundraising plan
European Union countries are considering alternatives to an EU plan to use a carbon market reserve to help finance their exit from Russian gas, as some fear the proposal would undermine the bloc's main climate change policy.
read more... 15/07/2022
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Dutch expect to sustain gas exports to Germany if Russia cuts flows
The Netherlands expects to be able to sustain its supply of natural gas to Germany in the coming winter even if Russia cuts off all its supply to Europe, gas transport company GTS said on Thursday.
read more... 15/07/2022
(Daily 14.07.2022): Long-term gas prices rose on Wednesday after the announcement that Nord Stream 1 maintenance may last longer than expected
Oil prices increased slightly on Wednesday even after U.S. oil stocks increased and after U.S. inflation data strengthened the argument for yet another significant Federal Reserve interest rate increase. Thus, Brent crude ended rather flat at $99.57 a barrel, while WTI crude rose by 0.5% to $96.30 per barrel.
read more... 14/07/2022
EU, Azerbaijan plan gas deal in pivot away from Russia
The European Commission has proposed to EU countries a deal with Azerbaijan to increase imports of natural gas and support the expansion of a pipeline to do this, according to a draft document seen by Reuters.
read more... 14/07/2022