Tag Archives: Europe

Italian energy major Eni on Tuesday launched the construction works for the first natural gas liquefaction project in the Republic of the Congo, which is expected to supply LNG to Europe. The President of the Republic of the Congo, Denis Sassou Nguesso, and Eni’s CEO Claudio Descalzi today laid the …

Russian President Vladimir Putin belied that his invasion of Ukraine in 2022 would go largely unopposed by the U.S. and its allies for the same reason that he was able to invade the country in 2014 and annex Crimea. That is, that the non-U.S. part of the North Atlantic Treaty …

Leaders from European countries surrounding the North Sea are set to pledge to expand renewable generation in the region to strengthen energy security, at a summit in Ostend, Belgium, on Monday. Seven European Union countries, including France, Germany and the Netherlands, alongside non-EU countries Norway and the United Kingdom, will …

ADNOC, the national oil company of Abu Dhabi, is expanding its natural gas production capacity and increasing investments to target Europe’s gas markets. As one of the Middle East’s largest energy producers, ADNOC aims to meet the growing international demand for LNG by becoming a net-exporter of gas. The company …

Europe will find it very difficult to refill its natural gas stockpiles ahead of next winter, Russian gas giant Gazprom said on Tuesday. Filling the European gas storage to the levels from before the 2022/2023 winter could become “a non-trivial task” for European companies, Gazprom said on its Telegram social …

Just as the EV price wars are heating up, Volkswagen has launched its much awaited ID7 sedan. Expected to be priced around $38,000 to $40,000 for the entry level model, the stunning sedan will assuredly be a direct competitor to Tesla’s Model 3. A release by the company on Monday …

The biggest nuclear reactor in Europe by capacity, Olkiluoto 3 in Finland, started regular electricity production on Sunday, entering into service 14 years later than initially planned. Olkiluoto 3, which had completed test production and is now regularly producing electricity, is expected to account for 30% of Finland’s power generation, …

European natural gas prices slid further as weather forecasts point to warmer and windier weather, signaling lower consumption of the fuel. Benchmark futures hit a two-week low, before paring some losses, with temperatures expected to rise in the coming days after April started on a chilly note. Relatively stable storage …

European natural gas prices declined for a third session amid lackluster demand, even as uncertainty remains about the full restart of LNG terminals in France. Dutch front-month futures fell 0.9% to €44.17 a megawatt-hour after slumping 13% during the previous two sessions. The UK equivalent also edged lower. European gas …

Europe has a new benchmark for liquefied natural gas which regulators hope will disentangle the market from the kind of price surges witnessed last year. The European Union Agency for the Cooperation of Energy Regulators launched the new price gauge on Friday, indicating that LNG was trading at a discount …