EU ambassadors on Tuesday night (4 October) reached a political agreement on the bloc’s new round of Russia sanctions, including an oil price cap, which earlier had been opposed by a few seafaring member states. The draft measures agreed on Tuesday that will form the eighth package of sanctions since …
Read More »EU Vows to Protect Energy Network after Sabotage of Russian Gas Pipeline
The European Union on Wednesday (28 September) promised a “robust” response to any intentional disruption of its energy infrastructure after saying it suspected sabotage was behind gas leaks discovered this week on subsea Russian pipelines to Europe. As gas spewed out under the Baltic Sea for a third day after …
Read More »Energy Crisis Forces more Ambition in EU Green Buildings Law
Soaring energy prices are mounting pressure on Europe to renovate its ageing, inefficient buildings as governments scramble to protect citizens from rising utility bills. Europe’s buildings are responsible for 40% of its energy consumption and many are in desperate need of better insulation in order to decrease the EU’s reliance …
Read More »EU Aims to Lessen Dependency on China with Raw Materials Act
Commission President Ursula von der Leyen announced a new legislative proposal, the Critical Raw Material Act, to tackle the evolving dependency on China when it comes to raw materials and ensure more resilient supply chains. The proposal was announced as part of von der Leyen’s annual State of the Union …
Read More »Bulgaria Offers Azerbaijan Electricity for Gas Deal
Bulgaria has offered to export electricity to Azerbaijan in exchange for expanding gas supplies, acting Economy Minister Nikola Stoyanov announced during his visit to Baku on Sunday (11 September). “With such a scheme – bartering gas for electricity, Bulgaria could receive quantities in the next four to five months, when …
Read More »Energy Crisis Looms Large over Germany’s Local Utilities
The 1,000 municipal utilities that are the last link in the German energy supply chain are feeling the pinch of record-high energy prices, raising fears that some of them might go bankrupt. While large energy companies like Uniper and E.ON receive plenty of attention from German politicians, municipal utilities – …
Read More »Ukraine is Ready to Support the Reinvention of European Energy Security
Wednesday, 24 August 2022, is a bitter-sweet day for us Ukrainians. It marks the 31st anniversary of our country’s post-USSR independence. But sadly, it will also be exactly six months since Russia invaded our country, killing Ukrainian civilians, seeking to destroy Ukraine’s critical infrastructure and violating our right as an …
Read More »Bulgaria Refuses to Buy Large Quantities of US Liquefied Gas
The Bulgarian government has decided to accept only one of the agreed seven liquefied gas supplies from the US company Cheniere, despite the price being almost €30 lower than that offered on European gas exchanges. Currently, the caretaker government appointed by President Rumen Radev is in power. His political opponents …
Read More »Gazprom Ramps up Gas Flows to Hungary via TurkStream Pipeline
Russia’s Gazprom has ramped up flows to Hungary via the TurkStream pipeline that brings gas to Hungary via Bulgaria and Serbia, a Hungarian foreign ministry official said on Saturday (13 August). European Union member Hungary has maintained what it calls pragmatic relations with Moscow since Russia’s invasion of Ukraine, creating …
Read More »Scholz Promises Tax Relief to Help Germans with Energy Bills
German Chancellor Olaf Scholz on Thursday (11 August) promised a new package of measures, including tax relief, to help people struggling with rising energy bills as a result of a gas standoff with Russia. “Citizens can count on us not to abandon them,” Scholz told journalists in Berlin. An energy …
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