Tag Archives: Europe

The European Union will overhaul its electricity market in a way that encourages the development of more wind and solar installations and discourages more fossil fuel generation. According to a draft of the proposal seen by Reuters, the overhaul will push fixed-price power contracts designed to protect consumers. The proposal …

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 …

LNG deliveries to Europe and Turkey plummeted by almost 19% last week to nearly 3.2bcm as French strikes disrupted cargo arrivals, with supply expected to remain limited this week, Kpler ship tracking estimates showed on Monday. Almost 3.3bcm is forecast to be discharged from 37 vessels this week, with seven …

The EU is boosting its LNG import capacity and is ready to welcome even more LNG cargoes this year and in the coming years, Maros Sefcovic, European Commission Vice President for Interinstitutional Relations and Foresight, said on Thursday. The EU will soon have 35 LNG regasification terminals, up from 27 …

Norway has replaced Russia as the biggest gas supplier of Europe, said the EU Commissioner Kadri Simson, as she was addressing a committee meeting and a press conference in the European Parliament, Trend reports via the European Commission. “Since September 2022, Russian gas is about 8 percent of all pipeline …

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 …

European natural gas prices rebounded amid signs that colder-than-usual weather will extend into April, posing a potential pressure point for the region’s inventories. Benchmark futures gained as much as 3.2% on Tuesday after slumping to the lowest since August 2021 on Monday. Temperatures across northwest Europe and the Nordics are …

Natural gas from a potential Irish reservoir close to the existing Corrib field will produce less emissions than imports, says a new report. Europa Oil & Gas has identified two prospects off the Republic’s west coast that could between them amount to twice the amount of natural gas that the …

Developers of U.S. LNG export facilities could launch $100 billion worth of new plants over the next five years as high prices and the need for energy security create strong momentum for long-term LNG demand and contracts. The United States is set to overtake Qatar and Australia as the world’s …

European imports of liquefied natural gas soared last year as nations sought to cover for drops in Russian pipeline supplies, a report from the International Energy Agency said Tuesday. The jump in demand from European nations sent prices spiking higher, with global sales doubling in value to $450 billion even …