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Germany and Italy approved Russian gas payments after nod from Brussels
Germany and Italy told companies they could open rouble accounts to keep buying Russian gas without breaching sanctions against Moscow following discussions with the European Union, sources said.
read more... 24/05/2022
EU lawmakers move to block green investment label for gas and nuclear
European Union lawmakers will attempt to block a plan to label gas and nuclear energy as sustainable investments as Europe wrestles with reducing its carbon dioxide emissions to address climate change.
read more... 23/05/2022
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EU clinches deal on mandatory gas storage for next winter
European Union negotiators on Thursday (19 May) agreed on mandatory gas storage obligations for EU countries, aiming for the the bloc’s storages to be at least 85% full by 1 November 2022.
read more... 20/05/2022
EU tables €300bn plan to ditch Russian fossil fuels, speed up green transition
The European Commission submitted on Wednesday (18 May) a €300 billion plan to eliminate Russian energy imports by 2027, although it admitted this would require short-term investments in new fossil fuel infrastructure to replace imports of Russian oil and gas.
read more... 20/05/2022
EU countries urged to prepare for Russian gas ‘supply shock’
In a policy document due to be adopted on Wednesday (18 May), the European Commission urges EU member states to step up preparations for a “full disruption of Russian gas supplies” by considering emergency measures like a temporary cap on gas prices.
read more... 18/05/2022