European energy ministers are weighing two options for importing Russian natural gas, which continues to flow into the EU despite the war in Ukraine, Bloomberg reported on Oct. 15. At a meeting in Luxembourg, ministers from the EU’s 27 member countries are set to discuss their readiness for the upcoming …
Read More »Gazprom Warns of Rising EU Gas Volatility amidst Deindustrialization Fears
Gazprom CEO Alexei Miller has issued a stark warning about the future of the European gas market. Speaking at the St. Petersburg International Gas Forum, Miller highlighted the rising volatility in gas prices and the possibility of new price shocks and supply disruptions. He attributed these risks to Europe’s ongoing …
Read More »Germany Undecided on Whether to Support EU Tariffs on Chinese EVs
Germany hasn’t decided yet if it would support the EU’s plans to officially introduce tariffs on electric vehicles imported from China, the chief economic adviser of German Chancellor Olaf Scholz told Bloomberg TV on Tuesday. The EU earlier this year imposed provisional tariffs of up to 36% on EVs imported …
Read More »Germany Calls on EU to Extend Transition Period for Green Hydrogen Rules
Germany is seeking an EU delay to some of the rules on green hydrogen production to allow the industry to take off and produce clean hydrogen at lower costs, Germany’s Economy Minister Robert Habeck wrote this week in a letter to EU Energy Commissioner Kadri Simson seen by Bloomberg. The …
Read More »EU’s Increased Electricity Exports to Ukraine Disrupt Regional Market
A significant increase in EU electricity exports to Ukraine in the wake of Russian strikes on its grid has caused a surge in prices in Southeastern Europe, Greece’s Prime Minister has warned. In a letter to European Commission President Ursula von der Leyen cited by the Financial Times, Kyriakos Mitsotakis …
Read More »EU’s Gas Supplies could still have Russian Gas Mixed in
The European Union will receive natural gas supplies that may have Russian gas mixed in, Czech energy minister Jozef Sikela told Bloomberg. Sikela has been tapped by the Czech government to be its member of the European Commission, and European Commission President Ursula von der Leyen has been said to …
Read More »EU Tariffs Force China to Seek New Biodiesel Markets
China is looking to win over new markets for its biodiesel and other biofuel products as its largest buyer so far, the EU, imposed on Friday anti-dumping duties on Chinese imports, analysts and executives told Reuters. The European Commission opened in December 2023 an investigation into biodiesel products originating from …
Read More »EU’s Wind and Solar Power Generation Tops Fossil Fuels in H1
Wind and solar power generation overtook fossil fuel electricity in the EU in the first half of 2024, for the first time, clean energy think tank said in a new report. Between January and June, the share of wind and solar in the EU’s power mix was 30%, compared to …
Read More »Ukraine’s Steel Exports Skyrocket with EU Market Access
For the first half of 2024, Ukrainian steel manufacturing increased finished and semi-finished production by about one-third year on year. According to a July 15 report from Kyiv-based steelmaking association Ukrmetallurgprom, volumes for the first six months came to 3.14 million metric tons, representing a 32% rise from an estimated …
Read More »Turkey Willing to Boost EU Gas Exports if Bloc Guarantees Demand
Turkey has said it is prepared to significantly increase natural gas exports to the European Union, desperate to further wean itself off Russian gas, but it won’t be easy or cheap: In order to do that, the most likely route is to re-export Azeri natural gas from Turkey. That, in …
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