Latest news
Daily (29.10.2021): Gas markets lost significant ground on Thursday, following President Putin statement on higher flows from Russia in November
Oil prices extended losses on Thursday, on previous news of an increase in US crude reserves. However, the market recovered as OPEC+ announced forecasts of a larger-than-expected drop in global stocks this year. Hence, Brent oil slipped by 0.3% to $84.32 a barrel and WTI crude edged 0.2% higher at $82.81 a barrel.
read more... 29/10/2021
EU climate and infrastructure agency eyes end of fossil fuel projects
The director of CINEA, a recently established EU agency managing €55 billion in EU funding for clean energy and transport, has told EURACTIV about the challenge of ending fossil fuel projects entirely, saying coal and natural gas assets “are not simply going to go away” and need to be managed during the transition.
read more... 29/10/2021
.jpg)
Certifying Nord Stream 2 poses no threat to gas supply to EU
Allowing Nord Stream 2 to pump Russian gas to Germany will not threaten supplies to the European Union, the German Economy Ministry said on Tuesday, clearing a major hurdle for the disputed pipeline.
read more... 27/10/2021
Spain seeks EU permission to adjust power price mechanism
Spain's government is planning to seek permission from the European Union to set its own power prices outside the internal energy market system as it looks to offset the impact of bullish gas prices, Spanish newspaper El Pais reported Oct. 26, citing a government position paper.
read more... 27/10/2021
.jpg)
European gas liberalization cut import costs by $70 bil in last decade
Liberalization of the European wholesale market for natural gas has yielded a $70 billion saving in importation costs over the last decade, a report published by the International Energy Agency has said.
read more... 27/10/2021