European Union leaders will tackle ways to wean themselves off Russian fossil fuels on Thursday (10 March) and debate how quickly to ditch their key supplier, with countries split over whether to sanction oil and gas imports as Moscow wages war in Ukraine.
read more... 11/03/2022
Spanish Prime Minister Pedro Sánchez has called on the European Union to finance gas interconnections with the rest of Europe, saying new infrastructure should also include green gases such as hydrogen. EURACTIV’s partner El Diario reports.
read more... 10/03/2022
As Germany closes its last nuclear reactors, it is also reactivating old coal power plants to ensure electricity supply security amid Russian threats to turn off the gas tap.
read more... 10/03/2022
The European Commission on Tuesday (8 March) presented proposals to reduce the EU’s dependence on Russian gas by two thirds before the end of 2022 as part of a plan to become independent from all Russian fossil fuels “well before 2030”.
read more... 10/03/2022
Oil prices extended gains on Tuesday, with Brent crude approaching $130 a barrel after the US said it would ban imports of Russian oil and gas – a move matched by a UK phase-out of Russian oil imports. Hence, Brent crude soared by 3.9% to settle at $127.98 a barrel. US WTI crude increased by 3.6% to end at $123.70 a barrel.
read more... 09/03/2022