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Belgium reaches initial deal with Engie to prolong nuclear power
Belgium has reached an initial accord with French utility group Engie to extend the use of nuclear power by 10 years after Russia's invasion of Ukraine forced the government to rethink plans to rely more on natural gas.
read more... 25/07/2022
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Germany hands $15 bln bailout to Uniper after Russian gas hit
The German government stepped in to rescue Uniper with a 15 billion euro ($15.28 billion) bailout on Friday after the gas importer became the biggest casualty of Europe's energy standoff with Russia so far.
read more... 25/07/2022
Daily (22.07.2022): EUA prices fell for a fourth day in a row on Thursday due to the new EU energy saving plan
The ECB rate hike and larger gasoline stocks in the United States both contributed to Thursday's decline in oil prices. On the other hand, the return of Libyan oil supplies and the restart of Russian gas exports to Europe relieved supply constraints. Thus, Brent crude ended 2.9% lower at $103.86 a barrel. WTI crude fell by 3.5% to settle at $96.35 a barrel.
read more... 22/07/2022
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Brussels’ plan to curb gas use faces opposition from EU countries
An EU proposal calling on member states to cut their gas use by 15% to prepare for potential cuts to supplies of Russian gas is facing resistance from governments, casting doubt on whether they will approve the emergency plan next week.
read more... 22/07/2022
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Germany tightens gas-savings plan, increases storage targets
To reduce gas consumption, the German government announced on Thursday (21 July) an energy security package including mandatory gas saving measures for companies and stricter regulations for the level of gas storage tanks.
read more... 22/07/2022