Hungary aims to invest up to 16 billion euros by 2030 to boost electricity production and storage capacity and curb reliance on gas imports, supplied mostly by Russia, Technology and Industry Minister Laszlo Palkovics said on Tuesday.
read more... 07/09/2022
Oil prices increased on Monday as OPEC+ members agreed to a modest production cut of 100,000 barrels per day to support prices. Thus, Brent crude oil settled 2.9% higher at $95.74. WTI crude rose by 2.8% to end at $89.24.
read more... 06/09/2022
Electricity companies in Sweden and neighbouring countries will receive credit guarantees of up to 250 billion Swedish crowns ($23 billion) to tackle the problems that have arisen on the electricity exchange, the Swedish government announced.
read more... 06/09/2022
Finnish government has proposed to provide the country's electricity companies with loans and guarantees of up to 10 billion euros ($10 billion) to secure the sufficiency of their cash resources.
read more... 06/09/2022
Germany's government will use income from windfall taxes to lower end-consumer prices for gas, oil and coal, German Chancellor Olaf Scholz said on Sunday, announcing measures to mitigate the impact of rising energy prices on its population.
read more... 06/09/2022