Tag Archives: European Union (EU)

After failing to reach an agreement on a price cap for Russian gas, the EU is set to resume talks on limiting the price of Russian crude on Friday night. And, just as was the case for natural gas, the bloc has so far failed to agree on how strict …

The European Union will have its regulations in order before the Russian crude oil price cap and ban goes into effect, the EU’s energy commission told Reuters on Friday. Although the G7 price cap has yet to be quantified. The G7 plan to cap the price of Russian crude oil …

China is adding coal plants to tackle energy security concerns, but this doesn’t mean it is backing away from its previously stated emissions curbs, Chinese delegates said at the COP27 summit this week. China may be adding new coal plants to prevent a repeat poor performance from recent years that …

The European Union will need up to $462 billion (450 billion euros) in investment just to keep the current level of its nuclear power generation capacity, the EU Commissioner for Energy, Kadri Simson, said at a nuclear energy forum this week. Nuclear power will have an important role to play …

The European Union’s impending sanctions on oil imports from Russia aren’t quite as exclusionary as they might seem at first sight. While almost all direct seaborne imports of crude and refined petroleum products will both be banned by early next year, it will still be possible for what are arguably …

Last month, France’s president Emmanuel Macron accused the United States of a “double standard” because of the difference between the price at which liquefied natural gas produced in the U.S. sells in Europe and the price at which natural gas sells within the U.S. “The North American economy is making …

The executive arm of the European Union, the Commission, has indicated that a price cap on gas imports is not the best approach to containing energy costs amid a worsening cost-of-living crisis across the bloc. The idea of a price cap on all imports of gas was floated by a …

After a contract with American Westinghouse company to build the country’s first nuclear plant was announced by Prime Minister Mateusz Morawiecki, the Left opposition warned that the investment could face problems due to non-compliance with EU rules. The Warsaw government chose Westinghouse for the nuclear project, Morawiecki tweeted on Friday, …

If Finland were to cancel its planned rotating blackouts in winter, it could lead to a large-scale national disruption, the country’s electricity grid operator has warned, according to Bloomberg. If the outages do not continue, the resulting uncontrolled blackouts would mean “people could die,” Arto Pahkin, a network manager at …

The European Commission has warned countries that an EU-wide cap on the price of gas used to produce electricity could cause an increase in gas use and exports of EU-subsidised electricity, according to a document seen by Reuters. European Union countries’ energy ministers meet on Tuesday (25 October) to discuss …