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Cepsa to invest in energy transition in Spain and Portugal
Spanish oil and gas company Cepsa plans to invest between €7bn ($7.8bn) and €8bn ($8.9bn) in Spain and Portugal by 2030 as part of its energy transition strategy.
read more... 01/04/2022
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Germany says European buyers to continue payments in euros under new Russian rules
European buyers will be able to continue to pay for Russian gas in euros despite Moscow's plans to enforce a new law requiring payment in rubles, the office of German Chancellor Olaf Scholz said late March 30.
read more... 01/04/2022
Daily (31.03.2022): European gas prices soared on Wednesday, amid fears of gas supply disruptions from Russia
Crude oil prices strengthened on Wednesday, amid resurging concerns over global supply of black gold due to doubts over any immediate diplomatic solution to the conflict in Ukraine. Hence, Brent oil rose by 2.9% to $113.45 a barrel and WTI crude surged by 3.4% to $107.82 a barrel.
read more... 31/03/2022
EU countries bet on floating LNG terminals to raise import capacity
The war in Ukraine has focused attention on liquefied gas (LNG) to replace Russian supplies coming via pipeline. Germany, France and Italy are all planning to rent or acquire special floating terminals in order to increase import capacity.
read more... 31/03/2022
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Germany declares ‘early warning’ on gas supplies
Following Russia’s demand to be paid for energy and fuel in roubles, Germany has declared an “early warning” of a possible gas supply emergency.
read more... 31/03/2022