The governments of Portugal and Spain will decree on Tuesday the introduction of a Brussels-backed temporary cap on reference prices of natural gas and coal used by power plants, Portuguese Prime Minister Antonio Costa said on Monday.
read more... 10/05/2022
A gas pipeline connecting the Baltic states and Finland to the EU's single gas network became operational on Thursday, the Lithuanian Ministry of Energy has announced.
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Crude oil prices increased on Friday as looming European Union sanctions on Russian oil raised the prospect of tighter supply, with traders dismissing concerns about global economic growth. Brent crude rose by $1.49, or 1.3%, to settle at $112.39 per barrel. U.S. WTI crude increased by $1.51, or 1.4%, to end at $109.77 a barrel.
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Renewables developer and power producer BayWa r.e. AG said today it intends to issue a tender for corporate power purchase agreements (CPPA) in the autumn of 2022.
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Despite progress, 19.2GW of coal projects remain in a grey area of China’s “no new coal overseas” policy and could still go ahead, according to analysis from energy think tank CREA.
read more... 09/05/2022