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Iberian gas prices for utilities fall below cap for first time
Iberian wholesale market gas prices fell below a threshold set for gas-fired power plants in May for the first time on Wednesday after Spain's national grid operator warned it may reject LNG shipments due to overcapacity.
read more... 20/10/2022
Netherlands follows Spain in quitting Energy Charter Treaty
The Netherlands will pull out of the Energy Charter Treaty (ECT), which has come under fire for protecting investments in the oil and gas sector, the country’s energy ministry said on Wednesday (19 October).
read more... 20/10/2022
Daily (19.10.2022): British gas prices fell on Tuesday amid healthy storage, solid volumes of LNG
Crude oil prices lost ground on Tuesday as energy traders expect the Biden administration to remain aggressive with further releases from its strategic oil reserves. Economic slowdown and lower Chinese fuel demand put additional bearish pressure. Hence, Brent crude decreased by $1.59, or 1.7%, to settle at $90.03 a barrel. U.S. WTI crude dropped by $2.64, or 3.1%, to end at $82.82 a barrel.
read more... 19/10/2022
Green power avoided 70bcm of gas for EU since war
Renewable energy production avoided the need for 70bcm of natural gas imports to the EU – or around EUR 99bn in costs – following Russia’s full-scale invasion of Ukraine, a study showed on Tuesday.
read more... 19/10/2022
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Germany pushes to extend lifespan of three nuclear plants
German Chancellor Olaf Scholz has asked the economy, environment and finance ministries to lay the legal framework to keep the country's three nuclear power plants operational until as late as April 15, 2023, a letter seen by Reuters showed on Monday.
read more... 19/10/2022