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.
Read More »Gazprom Sees European Gas Glut in 2021, Blames U.S. LNG
Russian gas giant Gazprom expects excess supplies in Europe’s natural gas market to continue in 2021, the head of the company’s exporting arm said on Monday, blaming exports of liquefied natural gas (LNG) from the United States. Gazprom has seen its share of the European gas market, where it makes …
Read More »Iran Ready to Connect Power Grid to Europe
Iranian Energy Minister Reza Ardakanian expressed his country’s preparedness to supply electricity to Europe. Ardakanian said that, enjoying enormous energy resources and having skilled manpower and facilities in the field, Iran can pave the ground for expansion of energy corridors, especially electricity transmission corridor. “In order to help promote communications …
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