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EU approves €341m Greek scheme to support electricity storage facilities
The European Commission has approved a Greek scheme, with an estimated budget of €341 million (£293m), to support the construction and operation of electricity storage facilities.
read more... 07/09/2022
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Hungary aims to invest EUR 16 bln by 2030 to curb gas reliance
Hungary aims to invest up to 16 billion euros by 2030 to boost electricity production and storage capacity and curb reliance on gas imports, supplied mostly by Russia, Technology and Industry Minister Laszlo Palkovics said on Tuesday.
read more... 07/09/2022
Daily (01.09.2022): UK gas prices hit a 13-day low on Wednesday as storage injection goals completed earlier
Oil prices fell on Wednesday due to concerns that the global economy would slow down much further. As a result, Brent crude oil declined by 2.8% to settle at $96.49 a barrel. WTI crude fell by 2.3% to $89.55 a barrel.
read more... 01/09/2022
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Germany to refill gas storage ahead of schedule
Germany’s energy and climate ministry expects to meet a target early to replenish the country’s gas stocks, ensuring households and industry will be supplied this winter, Der Spiegel reported at the weekend.
read more... 01/09/2022
Daily (31.08.2022): Gas prices fell sharply on Tuesday as storage replenishment improved considerably
Crude oil prices lost ground on Tuesday in a volatile week, as markets continue to fear a global recession and demand is declining. On the other side, Saudi Arabia urges OPEC+ to cut more supply which could support the market later on. Nevertheless, Brent and WTI crude traded 5.5% lower at $99.31 a barrel, and $91.64 respectively.
read more... 31/08/2022