The European Commission has joined industry leaders to set a biomethane use target, Trend reports via the Commission. The Biomethane Industrial Partnership (BIP) was announced in the REPowerEU Plan and aims to support the achievement of the target to increase annual production and use of biomethane to 35 billion cubic …
Read More »Norway, Germany, Brace for Insecurity after Nord stream Explosions
Norway will beef up its security at its oil and gas installations after three explosions rocked the Nord stream 1 & 2 pipelines, the country’s oil and energy minister said on Tuesday. Germany’s economy minister also offered words of strength on Tuesday, saying that it knows how to—and can—defend its …
Read More »Europe’s Hunt for Clean Energy in the Middle East has a Dirty Secret
On September 10, a ship docked at the German port of Hamburg carrying a little-known fuel that’s being billed as a potential clean answer to Europe’s energy woes: blue ammonia. Made from hydrogen, it can also be burned without producing any emissions of planet-warming carbon dioxide and has the advantage …
Read More »Oil Prices Slip as Dollar Scales New Peak
Oil prices fell more 1 per cent on Wednesday, pressured by a strengthening dollar and crude storage builds that offset support from U.S. production cuts caused by Hurricane Ian. Brent crude futures fell $1.08, or 1.3 per cent, to $85.19 per barrel by 0341 GMT, while U.S. West Texas Intermediate …
Read More »European Energy Security Faces New Risks with Nord Stream Explosions
The temporary optimism among European politicians and governments about a less volatile natural gas market during the winter of 2022-2023 has come to an end. Just as market fundamentals seemed to be strengthening as a result of rising storage volumes and lower demand, there are a number of new risks. …
Read More »Baltic Pipe Gas Pipeline Officially Opens to Reduce Dependency on Russia
The Baltic Pipe natural gas pipeline was officially opened Tuesday at a ceremony in Szczecin, Poland. Polish, Norwegian and Danish leaders attended the ceremony for the launch of the gas transmission system, which they hope will end Poland and Europe’s dependency on Russian gas. Norwegian Minister of Petroleum and Energy …
Read More »Gazprom Threatens Ukraine with Non-Payment for Gas Transit in Fresh Escalation
Russian gas monopoly Gazprom took an important step toward cutting off almost all of its remaining supplies to the EU on Tuesday, as the Kremlin pulled its last remaining levers to pressure western and central Europe into dropping its support for Ukraine. In a post on its official Telegram channel, …
Read More »Greece Ramps up LNG Imports to Mitigate Energy Crisis
On the islet of Revithoussa near Athens, Greece’s only liquefied natural gas (LNG) terminal station is operating at full capacity. The country has boosted LNG’s share in its energy mix since the onset of the energy crisis to protect households and businesses from blackouts. For Greece, the rocketing cost of …
Read More »NATO Concerned over Leaks in Russian Gas Pipelines
NATO follows with “great concern” reports from the Baltic Sea on leaks in the Russian Nord Stream gas pipelines, Secretary-General Jens Stoltenberg said on Tuesday. Stoltenberg asserted that it is “extremely important to get all the facts on the table” and therefore NATO closely monitors the developments. His remarks came …
Read More »Oil Majors Shut in Gulf of Mexico Production as Hurricane Ian Advances
Oil supermajors Chevron and BP have evacuated personnel and shut in production at some of their platforms in the Gulf of Mexico as Hurricane Ian advances to the west coast of Florida, in the first shut-in of U.S. offshore oil and gas output this hurricane season. U.S. supermajor Chevron said …
Read More »