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 …
Read More »EU Seeks to Double Renewable Energy Use by 2030
The European Union will aim to double its use of renewable energy by 2030 under a deal announced on Thursday. It addresses the EU’s twin goals of drastically cutting its carbon emissions and replacing the Russian fossil fuels it once relied upon. EU states will have new targets for clean …
Read More »EU Aims to Give Members Option to Block Russian LNG Imports
The European Union is targeting a way for member states to have the option to effectively ban Russian shipments of liquefied natural gas without implementing new energy sanctions. The bloc’s energy ministers on Tuesday endorsed a proposal that would allow member governments to temporarily prevent Russian exporters from booking the …
Read More »EU, NATO Leaders Visit Norway’s Gas Platform
President of the EU Commission Ursula von der Leyen and NATO Secretary General Jens Stoltenberg visited the Troll A natural gas platform in Norway and called for increasing joint efforts for the security of Europe’s energy infrastructure on Friday. Norwegian Prime Minister Jonas Gahr Store, von der Leyen and Stoltenberg …
Read More »The Inconvenient Truth about EU’s Climate and Energy Ambition
Europe feels pretty strained lately, torn between the cost of living crisis, the fossil fuel prices crisis and increasing climate impacts. And we have seen European capitals at work trying to answer to immediate crises, while sometimes forgetting that the quick responses should pave the way for the longer transformation …
Read More »EU Strikes Deal to Curb Energy Use by 2030
The European Union struck a deal on Friday to cut final energy consumption across the bloc by 11.7 pct. by 2030. Lawmakers believe the goal would help fight climate change and curb Europe’s use of Russian fossil fuels. Hitting the targets will require countries to renovate millions of drafty buildings …
Read More »EU Prepares to Import more LNG with Boost in Capacity next Year
The European Union plans to expand its capacity to receive liquefied natural gas by almost a third by next year as it presses ahead with replacing pipeline supplies from Russia. The bloc will increase the number of LNG import terminals to 35 from 27, Maros Sefcovic, a vice president at …
Read More »UK Gas Exports to EU Disrupted due to Equipment Failure
An “equipment failure” has prompted the shutdown of a key UK-EU gas pipeline. Operator Interconnector Limited has confirmed that natural gas exports from the UK through Belgium to Europe have been halted due to equipment failure. The link runs from Bacton in the UK to Zeebrugge in Belgium and is …
Read More »EU Too Lax on Methane Venting from Coal Mines
Amendments to the EU’s draft methane regulation would allow coal mines to release additional greenhouse gases equivalent to the combined annual CO2 emissions of Belgium and Czechia, according to Ember, a clean energy think-tank. The analysis, published on Thursday (2 March), shows the latest revisions to the regulation will only …
Read More »EU Power Market Reform is about to Take a Delicate Step Forward
A year into an unprecedented energy crisis that rocked the European Union, officials in Brussels are ready to unveil their plan to prevent consumers from facing huge swings in electricity prices in the future. While some EU leaders pledged massive overhaul, what’s likely to emerge is anything but radical. Power …
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