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Daily (04.03.2021): Growing volumes of LNG supply pushed British gas prices lower on Wednesday
Oil prices surged on Wednesday, supported by decreasing gasoline reserves in the United States and anticipation for the OPEC+ summit on Thursday. As such, Brent oil increased by 2.2% to $64.07 a barrel and WTI crude soared by 2.6% to $61.28 a barrel.
read more... 04/03/2021
UK Energy Suppliers To Pay £10.4m Fine For Overcharging Customers
Ofgem has this morning charged 18 energy suppliers, including British Gas, Shell, and Scottish Power, a combined £10.4m for overcharging their customers.
read more... 03/03/2021
Lithuania to start supplying LNG to Poland next year
Lithuanian state-controlled energy company Ignitis Group will start supplying liquefied natural gas (LNG) to Poland next year when a new pipeline between the two countries comes online, its CEO said on Monday.
read more... 02/03/2021
Ukraine warns of reduction in Russian gas flows to Europe amid high energy demand
Russian state-controlled gas monopoly Gazprom is to reduce gas transit volumes across Ukraine to Europe, despite high demand on the continent due to persistent cold weather.
read more... 25/02/2021
EU says it does not need Nord Stream 2, but only Germany can block it
The European Union does not need the Nord Stream 2 pipeline for its energy security but any decision to stop the project carrying Russian natural gas to Germany would have to come from Berlin, a senior European Commission official said on Tuesday.
read more... 24/02/2021