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Germany rules out prolonging its nuclear power plants
Berlin has ruled out extending the lifetime of its existing nuclear fleet, brushing aside energy security concerns after Moscow threatened to halt gas supplies to Germany in retaliation for Western sanctions in the ongoing Russia-Ukraine war.
read more... 09/03/2022
Denmark pledges independence of Russian gas
The Danish government has agreed with main opposition parties to become independent from Russian gas imports amid the intensification of the war in Ukraine, it said on Sunday.
read more... 08/03/2022
Germany signs initial contract to build first LNG terminal
The German state bank KfW and the Dutch utility Gasunie have signed a memorandum of understanding (MoU) on the construction of the first LNG terminal in Brunsbüttel, Germany.
read more... 07/03/2022
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EU drafts plan to ditch Russian gas
Europe needs to build up its renewable energy capacity and diversify its gas supply to end its dependency on Russian gas, according to a leaked draft of the EU’s communication on energy prices seen by EURACTIV.
read more... 04/03/2022
Daily (03.03.2022): Gas prices spiked on Wednesday amid fears of disruptions to Russian imports
Oil prices climbed on Wednesday hit their highest levels since 2008 after OPEC and its oil-producing allies, which includes Russia, decided to hold production steady. Hence, Brent crude soared by 7.6% to end at $112.93 a barrel. U.S. WTI crude surged by 7% to settle at $110.60 a barrel.
read more... 03/03/2022