The expectation that Europe will be a market for East Med gas is becoming even more fanciful 2020 has been a difficult year for natural gas and LNG, with prices falling to rock-bottom as a result of the devastating impact of Covid-19 on the global economy. But even though recovery …
Read More »Gazprom, Turkish Partners Discuss Using TurkStream to Supply Gas to more of Europe
Russian energy giant Gazprom is currently in talks with its Turkish partners to carry natural gas deliveries via the TurkStream pipeline to more European markets. “We are now in talks on the issue with our Turkish colleagues,” said Elena Burmistrova, chief executive of the Russian holding’s export arm, Gazprom Export, …
Read More »Greece Becomes most Important Hub for Alternative Gas in Southeast Europe
As the Trans-Adriatic Pipeline (TAP) became operational last month, a Greek official stated that his country had become the most important hub for gas from sources other than Russia in Southeastern Europe, also thanks to its LNG terminals. Kostis Hatzidakis, Greece’s minister of environment and energy, hailed the start of …
Read More »Oil Falls 3% on Fuel Demand Concerns as Europe Widens COVID-19 Lockdowns
Oil prices fell more than 3% on Monday on worries that widening coronavirus lockdowns across Europe will weaken fuel demand, and as traders braced for turbulence during the U.S. presidential election week. Brent crude futures for January dropped $1.34, or 3.5%, to $36.60 a barrel by 0410 GMT, while U.S. …
Read More »European Lockdowns Upset the Math of the Oil Market
The global oil market looks set for a challenging time in the coming weeks as a combination of negative factors bears down on crude prices. Fortunately, policymakers have tools at their disposal to mitigate the impact and ensure prices do not drop again like they did at the height of …
Read More »Norway’s Scatec Solar Announces $1.1bn Acquisition of Hydropower Firm
The combined company will boast power plants in 14 countries with an estimated annual production of 4.1TWh.
Read More »EU Bank Supports four Wind Farms in Poland with €42m Loan
They will have a total installed capacity of 102.5MW and generate enough electricity to power more than 60,000 households at peak times.
Read More »Russian Natural Gas Exports to Europe Recovering from Coronavirus Energy Slump
Germany has become the largest consumer of Russian gas in Europe after it increased exports of the blue fuel more than twofold in one month, fresh data from Russian customs shows. Russia pumped over 3.2 billion cubic meters of gas to its largest European trade partner in August, TASS reported, …
Read More »Total and Google Create Tool to ‘Map’ Solar Potential of European Homes
“Solar Mapper” aims to accelerate the deployment of solar panels for individuals, providing “an accurate and rapid estimate of the solar energy potential of their homes”. The tool will be rolled out for Europe and then worldwide. It will use artificial intelligence algorithms to provide better results than current tools, …
Read More »Could Emojis Be the Key to Tackling Climate Change
EDF thinks so – it says 40% of people believe emojis help people discuss complex issues, such as the journey towards net zero, more easily.
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