Tag Archives: Europe

European benchmark natural gas prices slipped below the key threshold of 30 euros per megawatt-hour (MWh) on Monday, for the first time in a year and a half, amid strong LNG flows, milder temperatures, and negotiations about the end of the war in Ukraine. Dutch TTF Natural Gas Futures, the …

TotalEnergies is expanding its power business in Europe with a multi-billion all-stock deal to buy 50% of the flexible power generation assets of Czech firm EPH. The French supermajor on Monday announced a $5.9-billion (5.1 billion euros) all-stock transaction with Energetický a pr?myslový holding, a.s. (EPH) to acquire 50% of …

Asia has been the driver of global demand for liquefied natural gas for years now, with its fast-growing economies guzzling energy at elevated rates. This year, however, has seen this change. Asian demand for LNG is weakening—but Europe’s is on a substantial rise, more than offsetting Asia’s weakness, despite plans …

A joint green-energy project involving Azerbaijan and Georgia has cleared an initial European hurdle, and its blueprint for exporting electricity from the Caspian Basin to the EU will now undergo a cost-benefit analysis. The European Network of Transmission System Operators for Electricity (ENTSO-E) opted to include the project, known as …

The world’s power grids need a major upgrade to keep pace with growing rates of electrification and the ever-increasing energy demands of big data. A cleaner energy landscape means a whole lot more electricity demand, as we switch from gas-powered vehicles and appliances to newer, cleaner models that need to …

Total open interest in Europe’s benchmark gas futures surged to a record high this week, exchange data compiled by Bloomberg showed on Friday, in a sign that the lull in European gas trading could be over with the colder weather. The market has become more liquid in recent days, and …

India likely exported the highest-ever monthly volume of diesel to Europe in September, as higher premiums and curbed capacity due to maintenance in Europe incentivized Indian refiners to ship more fuel to the west, Reuters reported on Thursday, citing vessel-tracking data and trade sources. India is estimated to have exported …

EU carmakers will sell about 2 million fewer electric vehicles than previously expected, due to the more flexible EU regulations on emission standards for 2025, green group Transport & Environment said in new research on Monday. Earlier this year, under pressure from Europe’s automotive industry, the European Union adopted amendments …

Jet fuel imports from Asia to Europe reached a record this summer as prices subsided from 2022 highs, the Financial Times has reported, noting the bulk of the record imports came from China and South Korea, cementing their dominance in fuel markets. Citing data from energy analytics provider Vortexa, the …

Saudi Arabia, the world’s biggest oil exporter, on Sunday hiked August prices for Asian and European buyers by more than $1 a barrel as domestic crude demand is expected to rise, reducing exports, and consumption from China is likely to increase. State energy firm Saudi Aramco raised the official selling …