Tag Archives: Europe

Europe’s Shift from Russian Gas to Pricey LNG

When the EU bombarded Russia with sanctions following the invasion of Ukraine back in 2022, gas was in the spotlight. Russia was the continent’s biggest supplier, and it was about to stop being that. At the time, the dominant mood in Europe was confidence—that even if Russia were to turn …

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Europe’s Natural Gas Prices Rally amid Supply Concerns

European benchmark natural gas prices rallied on Wednesday and early Thursday amid growing supply concerns and forecasts of lower wind power generation later this week. The Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, hit on Wednesday their highest level since January after Austria’s OMV warned the …

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Caspian Power Trio Aims to Electrify the European Union

Economic integration efforts among CentralAsian-Caspian Basin states are gaining momentum. Azerbaijan, Kazakhstan and Uzbekistan are developing a green energy plan to link their power grids with an eye towards exporting electricity to the European Union. The energy ministers of the three countries announced the signing of a memorandum of understanding …

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U.S. Attracts Europe’s Beleaguered Solar Companies

It’s nearly two years since the United States Congress passed the historic Inflation Reduction Act (IRA), with the country’s solar sector expected to be one of its biggest beneficiaries. According to the U.S. Solar Energy Industries Association (SEIA), the IRA will drive an additional 160 gigawatts (GW) of solar capacity …

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Steel Prices Stall as European Economies Slow

Market sources report that hot rolled coil steel prices in northern and southern Europe continued to decline in recent weeks due to slowing economies in Europe as well as overcapacity. “I’m a little scared about Germany,” one trader told MetalMiner, referring to that country’s current economic situation. Germany’s economy is …

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