Tag Archives: Europe

Europe successfully avoided a gas shortage crisis this winter thanks to high LNG imports, reduced demand, and milder weather. As a result, European natural gas prices have fallen to the levels from January 2022, just before the Russian invasion of Ukraine. This week, the front-month futures at the TTF hub, …

Europe has negotiated through the winter of a crisis that threatened to choke energy supplies and overwhelm its economy, but officials are warning that the squeeze may not yet be over. Fears of blackouts and freezing homes have faded for now, and gas reserves remain far fuller than normal. The …

The U.S. surpassed Russia as the top oil supplier to Europe at the end of last year as sanctions targeting Russia’s energy sector took hold. In December 2022, the U.S. exported nearly 34.5 million barrels of oil to the European Union, accounting for about 18% of the EU’s total imports, …

European natural gas prices rose after a second straight weekly decline, as another spell of colder weather passes through the region. Temperatures across the continent are forecast to drop again this week. Together with some project maintenance in Norway in the coming days, there could be an upside for near-term …

On February 13, the groundbreaking ceremony was held in Baku for the largest thermal power station (TSP) yet to be built in Azerbaijan with a planned capacity of 1,280 megawatts (MW) (Apa.az, February 13). The project’s total value is estimated at around $400 million, which is two to three times …

Africa’s total announced electrolyzer pipeline capacity has reached 114 gigawatts (GW), with 61% of this tied to countries in Sub-Saharan Africa, according to Rystad Energy analysis. This African region has an announced electrolyzer pipeline of about 70GW, with Mauritania covering 50% of the total, followed by South Africa and Namibia. …

After Russia’s invasion of Ukraine in March 2022 set off a rush for gas resources worldwide, Europe picked Africa as an alternative supply market for natural gas. European energy ministers and other political leaders toured North African countries and gas initiatives in both East and West Africa received renewed support. …

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 …