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Russia ready to continue gas transit via Ukraine post-2024
President Vladimir Putin said Aug. 20 that Russia was ready to continue supplying gas to Europe via Ukraine after 2024, but that Moscow needed clarity on future European gas demand before agreeing to any new transit deal.
read more... 23/08/2021
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National Grid starts planning 1.8 GW offshore wind interconnector with Norway
British transmission system operator National Grid is in the early stages of planning a new electricity cable connection to Norway, which would also connect North Sea wind farms in both countries.
read more... 23/08/2021
Daily (20.08.2021): The German and French spot power prices traded above 100 EUR/MWh due to forecasts for weaker wind generation
Concerns about demand due to the global spread of the Delta variant and a stronger dollar sent crude oil prices to their lowest levels since May. The Federal Reserve’s plans to pull back the pace of their monthly bond purchases strengthened the greenback, pressuring commodities markets on Thursday. As such, Brent oil tumbled by $1.78 or 2.6% to settle at $66.45 a barrel. The American WTI crude dropped by $1.77 or 2.7% to end at $63.69 a barrel.
read more... 20/08/2021
Spanish government feels heat over high power prices
Scorching heat has caused power prices to soar in Spain, leading to renewed tensions in the country's leftist coalition government over how to lower ballooning electricity bills.
read more... 20/08/2021
LNG Will Not Save Europe from Winter Gas Crunch
Europe’s vast network of liquefied natural gas terminals can’t save it from a winter supply crunch.
read more... 20/08/2021