Tag Archives: Energy Live News

2023 is poised to witness a remarkable surge in the hydrogen investment market. That’s one of the findings of a new report by consultancy LCP Delta, which predicts a staggering 800% increase in the total installed capacity of hydrogen energy projects this year in Europe. Analysts say this would be …

The UK and France have signed a deal to increase energy security by shifting towards renewable and nuclear power. Energy Security Secretary Grant Shapps and France’s Energy Minister, Agnes Pannier Runacher have signed the agreement, following the two nations’ longstanding partnership on nuclear power. French company EDF is leading the …

The EU’s energy policy chief has called on European countries and companies to refrain from signing new contracts for the purchase of Russian liquefied natural gas (LNG). Earlier today, Kadri Simson, had a meeting with IEA’s Executive Director Fatih Birol – they both discussed the challenges in the European energy …

An “equipment failure” has prompted the shutdown of a key UK-EU gas pipeline. Operator Interconnector Limited has confirmed that natural gas exports from the UK through Belgium to Europe have been halted due to equipment failure. The link runs from Bacton in the UK to Zeebrugge in Belgium and is …

An EU regulation on a gas price cap has come into effect. Two months ago, EU energy ministers agreed on a European Council regulation that sets a market correction mechanism to protect households and businesses against excessively high prices. The measure, which is temporary and will apply for one year, …

Europe is hoping the new gas levy Germany is introducing for all gas consumers not have “unintended consequences”. It is hoped that this new tax will allow the country to offset the rising cost of gas imports caused by the reduced Russian gas flows through Nord Stream 1 pipeline. Germany …

Russia’s Gazprom has announced it has requested Siemens for documents that will allow the return of a gas turbine that is a “crucial part” of the Nord Stream pipeline. In a statement, the energy giant said: “On 15th July Gazprom formally approached Siemens with a request to provide documents that, …

Gazprom could reportedly seek to change the terms of its delivery contracts if countries implemented a price cap on Russian gas. That follows reports which claimed that G7 leaders will start exploring the options around imposing possible price caps on Russian oil and gas imports. It is expected that the …

The current level of global capital spending is still far from sufficient to combat the energy and climate crises. That’s one of the findings of the new report by the International Energy Agency (IEA) which estimates that global energy investment is set to increase by 8% this year to reach …

Gazprom Germania will be handed a loan of up to €10 billion (£8.6bn), the German Government has confirmed. Officials have said that the aim is to place the firm into a long-term administration regime. It is reported that the loan will help the company avoid insolvency. In the statement, the …