Belgium played a key role in supplying energy to its main neighbours in 2022, as it was France’s largest electricity supplier and Germany’s main transit country for natural gas. “Belgium helped France and Germany overcame their energy difficulties in 2022. We can show solidarity with our neighbours thanks to our …
Read More »Gas Price Cap Risks Curbing Market Liquidity, EU Regulators Warn
The European Union’s gas price cap, which launches next month, could impact financial stability and potentially curb liquidity in Europe’s exchange-traded gas markets, the bloc’s financial and energy market regulators said on Monday (23 January). EU countries agreed in December to a gas price cap that, from 15 February, will …
Read More »Ukraine Expects EU to Include Russia’s Rosatom in next Sanctions
Kyiv expects the European Union to include Russian state nuclear energy company Rosatom in its next round of sanctions over the war in Ukraine, Prime Minister Denys Shmyhal said on Monday (9 January). Shmyhal said after talks in Kyiv with European Commission vice-president Frans Timmermans that Russia’s nuclear energy industry …
Read More »Russia’s Lukoil Reaches Deal to Sell Italian Refinery
Russia’s Lukoil has sold its Italian refinery to a group of firms backed by a major trading house in its first significant asset sale since Moscow’s invasion of Ukraine, the companies said on Monday (9 January). Since its inception following the collapse of the Soviet Union, Lukoil had been one …
Read More »European Countries Try to Weaken EU Clampdown on Methane Emissions
Some European Union countries are trying to weaken the bloc’s planned law to cut methane emissions in the oil and gas sector, documents show, weeks after the EU pledged at the COP27 climate conference to do more to tackle the potent greenhouse gas. Methane is the second biggest cause of …
Read More »EU Commission Approves First ‘Energy Corridor’ between Italy, Africa
A project to construct a new submarine power line that will transport clean energy from Tunisia to Italy was given the green light by the European Commission. This was a “decisive” step towards making southern Italy an “energy hub” in Europe, which will “strengthen the continent’s energy security,” said the …
Read More »EU Countries Consider Lowering Gas Price Cap to €220/MWh
EU countries want to ease conditions for a proposed gas price cap to be triggered following criticism that the European Commission’s model was too strict, according to a leaked draft, seen by EURACTIV. The new set of amendments, circulated by Czechia, which currently holds the EU’s six-month rotating presidency, show …
Read More »Italy Invests in Clean Energy to Become European Energy Hub
The government is investing in clean energy, in addition to gas and LNG, to become energy independent and become the energy hub of Europe. Prime Minister Giorgia Meloni (Brothers of Italy/Ecr) told voters before the general election on 25 September that she wants to make Italy, particularly the south, an …
Read More »France to Expand Electricity Interconnections with Ireland, Italy
Irish and French energy regulators confirmed that the Celtic Interconnector will be completed by 2027, despite a substantial re-evaluation of the project’s costs. The French grid operator also confirmed the partial launch of the Savoy-Piedmont electricity interconnection. The network operators behind the Celtic Interconnector project, an electricity connection between France …
Read More »Biden Says the Climate Crisis is about ‘very Life of the Planet’
US President Joe Biden told the COP27 climate conference in Egypt on Friday (11 November) that global warming posed an existential threat to the planet and promised the United States would meet its targets for fighting it. His speech was intended pump up global ambition to prevent the worst of …
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