The Group of Seven (G7) and EU countries intend to ban the import of pipeline gas on routes where Moscow has previously cut supplies as part of the 11th package of sanctions against Russia. Azernews reports that the ‘Financial Times’ newspaper has published information about this with reference to the …
Read More »EU Considers Formally Banning Russian Oil Flows to Germany and Poland
The European Union is considering formally banning Russian crude flows via the Druzhba pipeline to Germany and Poland, which have already stopped importing Russia’s crude, Bloomberg reported on Friday, citing documents it has seen. The Druzhba pipeline is a key artery of oil supply from Russia to Europe. It has …
Read More »EU Opens 1st Tender for Joint Gas Purchase
Speaking to reporters, Maros Sefcovic, the European Commission’s vice-president called the launch a “historic milestone” because this is “the first time ever” that the EU uses its “collective economic weight to increase our energy security and tackle high gas prices.” He explained that 77 European companies submitted requests for a …
Read More »EU Looks to Extend Trade Restrictions on Companies Aiding Russia
The European Commission has proposed to EU member states to consider trade restrictions on companies from China, Hong Kong, the UAE, Uzbekistan, and Armenia which are thought to be helping Russia obtain technology for its military and industrial complex, Bloomberg reported on Monday, quoting draft proposals it had seen. The …
Read More »EU Boosts Energy Infrastructure Security after Nord Stream Sabotage
The European Union has stepped up security measures and protection of its critical energy infrastructure following the sabotage on the Nord Stream natural gas pipelines last autumn, European Commission President Ursula von der Leyen said at the North Sea Summit late on Monday. “We know that our critical infrastructures are …
Read More »EU Eyes Billions Worth in Flexibility from Local Electricity Grids
As Europe shuts down its remaining coal power plants and turns away from volatile gas for electricity generation, it is also losing key flexible power supplies that can be switched on at the last minute to keep the lights on during peak hours. To replace those, the European Union hopes …
Read More »Norwegian Crude becomes Mainstay for EU Refiners as they Ditch Urals
The continuous shift in oil trade flows following the EU embargo on Russian exports is a huge win for the crude from Western Europe’s largest oilfield offshore Norway. Norway’s Johan Sverdrup crude is now a top choice for European refineries that used to rely on Russia’s flagship grade, Urals, before …
Read More »End of Fossil Age has Begun
2023 will mark the beginning of the decline in fossil fuels, following the peak of global electricity emissions in 2022, according to a new report released on Wednesday (12 April) by energy think-tank Ember. “In this decisive decade for the climate, it is the beginning of the end of the …
Read More »Will the EU’s Renewables Directive Change the Landscape for Forest Biomass?
A provisional agreement on the Renewable Energy Directive (REDIII) was reached between the European Council, European Parliament, and the European Commission on 30 March 2023. REDIII is part of the ‘Fit for 55’ package, bringing EU legislation in line with the 2030 greenhouse gas emission reduction goal. Biomass currently contributes …
Read More »Iran-EU Trade Rises in January
Iran and the European Union’s 27 member states traded €401.17 million worth of goods in January 2023, registering a 5.31% rise compared with the same month of the year before. New data released by Eurostat show Germany was the top trading partner of Iran in the EU region during the …
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