As we have reported over the last year, EU authorities have been doing everything in their power to stifle EV production based in China, fearing that the lower cost models coming from the east are warping the European market and putting domestic producers at a disadvantage. Now as part of …
Read More »Belgium is Building World’s First Artificial Energy Island in the North Sea
The North Sea is famous as one of Europe’s top crude production sites, with the UK and Norway accounting for about 80% of the region’s output. Unfortunately, the North Sea has already entered a phase of terminal decline. Last year, the oil basin produced 34 m tonnes of oil, its …
Read More »Europe’s Gas Crisis isn’t over despite Full Storage
A year ago, European politicians declared the gas crisis from the near-complete halt of Russian supplies was over. The EU had turned to alternative natural gas suppliers, assuring there would be enough to prevent shortages and steep prices. These assurances now appear premature. Last week, European benchmark gas prices hit …
Read More »Geopolitical Tensions Cast Shadow over EV Industry
Chinese EV battery maker SVOLT is shuttering operations in Europe on the heels of a yearslong regulatory conflict between European lawmakers and EV manufacturing based in China. As we have reported over the last year, EU authorities have been doing everything in their power to stifle EV production based in …
Read More »European Gas Futures Retreat from 2024 Highs
Europe’s benchmark natural gas prices slumped on Monday from their 2024 high from last week as Israel’s retaliation for the Iranian missile strike was limited in scope and targets and avoided energy infrastructure in Iran. Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, were trading down by …
Read More »Russia’s Share in European LNG Market Grows despite Concern
Russia’s role in the European Union’s liquefied natural gas market is growing, even as the bloc weighs how to clamp down on supplies from the nation. Moscow’s share of the EU’s LNG imports climbed to 20% in the first half of the year, compared with 14% a year earlier, according …
Read More »Europe’s Renewable Power Prices Drop
Moderating inflation and reduced market volatility compared to 2022 and 2023 resulted in lower prices for renewable electricity in power purchase agreements across Europe. During the third quarter of 2024, power purchase agreements (PPAs) for electricity sourced from renewable energy showed a 12.4% decline in price, compared to the same …
Read More »Gas Crunch Looms as Demand Outpaces Supply Growth
Natural gas demand is set to increase more than previously expected, the International Energy Agency reported recently. Demand will remain strong next year as well, the agency predicted, warning that this might lead to a problematic situation with supply—because that’s not growing fast enough. Just a year ago, the International …
Read More »India’s Fuel Exports Surge as European Supply Drops
Petroleum product exports from India have soared to the highest level in two and a half years as maintenance season in Europe is stoking demand for fuels from other sources. Indian exports of fuels such as gasoline, diesel, and jet fuel, soared by 39% in September compared to a year …
Read More »Analyzing the Risk of Nuclear Conflict in Europe
In the latest grim uptick of Russia’s nuclear weapons policy, President Vladimir Putin suggested on September 25 that the Kremlin could use nuclear weapons against any state attacking Russia if that country was supported by a nuclear power. If Russia were to launch a massive nuclear strike on Ukraine or …
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