Tag Archives: European Union (EU)

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …