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Daily (01.02.2022): UK gas prices eased on Monday on forecasts for warmer weather next month
Oil prices edged up on Monday, trading near seven-year highs, as investors await that supplies will stay tight, due to limited production rise by major oil producers and a strong recovery in fuel demand. Tensions between Russia and the West also underpinned crude prices, which soared by about 17% in January, the biggest monthly gain since February 2021. As such, Brent crude price rose by 1.3% to settle at $91.21 a barrel. The American WTI crude closed 1.5% higher at $88.15 a barrel.
read more... 01/02/2022
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EU says Russia's Nord Stream 2 pipeline on hold for compliance review
European Commission Vice President Valdis Dombrovskis said on Monday the Russia-designed Nord Stream 2 gas pipeline has been put on hold and the Commission is looking into the project's compliance with Europe's energy policy.
read more... 01/02/2022
TotalEnergies aims to restart $20 billion Mozambique LNG project in 2022
TotalEnergies CEO Patrick Pouyanne said on Monday the French firm aimed to restart a $20 billion liquefied natural gas (LNG) project in the north of Mozambique that was halted by an insurgent group with links to Islamic State almost a year ago.
read more... 01/02/2022
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UK nuclear decommissioning plan could deliver savings, but risks remain
The UK’s new funding arrangements for the decommissioning of seven of its advanced gas-cooled reactor (AGR) nuclear power plants could deliver savings but "financial risks" remain and its success "will ultimately depend on the relevant parties working collaboratively", says the UK spending watchdog the National Audit Office (NAO).
read more... 31/01/2022
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France's Engie says has stockpiled enough gas to cope with potential disruption
French energy producer Engie has stockpiled more gas than on average in order to cope with any potential supply disruption with Russian gas imports, it said on Friday.
read more... 31/01/2022