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EU Council adopts new minimum gas storage rules in final step of approval
The EU's new rules on minimum gas storage obligations, which will require member states to fill storage sites to at least 80% of capacity by Nov. 1 this year, are set to come into force after final approval from the EU Council.
read more... 28/06/2022
Denmark agrees on massive green capacity boost by 2030
A majority of Danish MPs has agreed on measures to massively boost renewables production by 2030, while also phasing out natural gas for residential heating by 2035, the government said over the weekend.
read more... 27/06/2022
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EU, Norway agree to increase gas deliveries as Russian cuts deepen
The European Union and Norway agreed on Thursday to cooperate to bring more gas from western Europe's biggest producer to the EU's 27 countries, nearly half of which are now grappling with cuts to Russian gas supplies.
read more... 24/06/2022
Britain's Ineos signs 20-yr LNG deal with Sempra Infrastructure
Britain's INEOS Energy, part of INEOS Group, has signed an agreement with U.S. firm Sempra Infrastructure for the supply of 1.4 million tonnes per annum of liquefied natural gas (LNG) from North America for 20 years, it said on Wednesday.
read more... 23/06/2022
Daily (22.06.2022): British gas prices saw a relentless rise on Tuesday amid reduced flows from Russia, outages in the Norwegian production
Crude oil prices increased marginally on Tuesday amid continued supply concerns and unwillingness among OPEC nations to increase output noticeably. However, the gains were limited by coronavirus measures in China and fears of a new global recession. Hence, Brent crude rose by 0.5%, to settle at $114.65 a barrel. US WTI crude added 0.7% to $109.52 a barrel.
read more... 22/06/2022