Tag Archives: Europe

European countries are buying gas at sky-high prices and scrambling to curb energy use to avoid fuel shortages this winter, but early weather forecasts point to the risk of a cold snap that could temporarily hike demand. Surging European gas and power prices as the result of reduced Russian supplies …

The European Union is moving closer to proposing a temporary overhaul of the electricity market by limiting prices of gas used for power generation even as pressure mounts for the bloc to impose a broader cap. EU energy ministers gathering in Prague on Wednesday will consider that model, which has …

Italian oil and gas company Eni has started production from two gas fields in Algeria to meet the surging gas demand in the European market. The two fields are related to the Berkine Sud contract that was signed in December 2021 between Algeria state-owned oil company Sonatrach and Eni. In …

European natural gas prices slumped to the lowest level in more than three months as imports of liquefied natural gas and warmer-than-expected weather provide some relief to the market. Benchmark Dutch front-month futures dropped as much as 7.8% to 144 euros per megawatt-hour, the lowest intraday since July 1. LNG …

The ruptures on the Nord Stream natural gas pipeline system under the Baltic Sea have led to what is likely the biggest single release of climate-damaging methane ever recorded, the United Nations Environment Programme has said. A huge plume of highly concentrated methane, a greenhouse gas far more potent but …

The high energy prices are wreaking havoc with the world economy and it’s unlikely we can expect any reversal of fortune in the near future. And with the recent explosion of the Russian-based Nord Stream 1 and 2 natural gas pipelines in the Baltic Sea earlier this week, the energy …

The European Commission has joined industry leaders to set a biomethane use target, Trend reports via the Commission. The Biomethane Industrial Partnership (BIP) was announced in the REPowerEU Plan and aims to support the achievement of the target to increase annual production and use of biomethane to 35 billion cubic …

On September 10, a ship docked at the German port of Hamburg carrying a little-known fuel that’s being billed as a potential clean answer to Europe’s energy woes: blue ammonia. Made from hydrogen, it can also be burned without producing any emissions of planet-warming carbon dioxide and has the advantage …

Russian gas monopoly Gazprom took an important step toward cutting off almost all of its remaining supplies to the EU on Tuesday, as the Kremlin pulled its last remaining levers to pressure western and central Europe into dropping its support for Ukraine. In a post on its official Telegram channel, …

Reduced energy supply due to sanctions against Russia and Moscow’s closure of key pipeline gas export routes will force Europe to fight for oil and gas wells after the coming winter, as the current crisis is not a story for one winter, analysts at consultancy Energy Aspects said. Europe will …