The European Union expects Egypt to maintain “relatively high volumes” of liquefied natural gas (LNG) deliveries to Europe, EU Energy Commissioner Kadri Simson said yesterday. Speaking to Reuters on the sidelines of an energy conference in Egypt, Simson said: “Now we have to solve some of the bottleneck issues.” “We …
Read More »The EU Needs more Diesel, but the Middle East can’t Supply it all
Europe has raised its imports of fuels from the Middle East and the United States in preparation for the EU ban on seaborne imports of Russian refined petroleum products. Just ahead of the ban, Europe was still the biggest buyer of Russian diesel and it will have to boost imports …
Read More »EU Ambassadors Agree on Price Cap for Russian Oil Products
EU ambassadors agreed on a price cap Friday for Russian petroleum products, said the Swedish Presidency of the Council of the EU. “EU ambassadors today approved the price caps on petroleum products ahead of final adoption by the EU Council,” it wrote on Twitter. “Important agreement as part of the …
Read More »Nine EU Countries Want Low-Carbon Hydrogen Included in Bloc’s Renewables Goals
Nine EU member states, including France, have called on the European Commission to include low-carbon hydrogen – produced from nuclear electricity – in the EU’s renewable hydrogen targets. France, Romania, Bulgaria, Poland, Slovenia, Croatia, Slovakia, Hungary and Czechia made the call in a letter sent to the European Commission on …
Read More »Belgium Largest Energy Supplier to EU Neighbours in 2022
Belgium played a key role in supplying energy to its main neighbours in 2022, as it was France’s largest electricity supplier and Germany’s main transit country for natural gas. “Belgium helped France and Germany overcame their energy difficulties in 2022. We can show solidarity with our neighbours thanks to our …
Read More »Gas Price Cap Risks Curbing Market Liquidity, EU Regulators Warn
The European Union’s gas price cap, which launches next month, could impact financial stability and potentially curb liquidity in Europe’s exchange-traded gas markets, the bloc’s financial and energy market regulators said on Monday (23 January). EU countries agreed in December to a gas price cap that, from 15 February, will …
Read More »Europe Gas Swings amid Crimped Norway Supplies and Cold Weather
European natural gas fluctuated with Norwegian supplies expected to drop to the lowest in more than two months in the middle of a cold snap that’s boosting demand. Available capacity at several Norwegian facilities has been reduced by works and orders for shipments have fallen. While flows from the country …
Read More »Hungary Threatens to Hold up EU Sanctions once again
Hungary is once again threatening to water down the European Union’s sanctions regime against Russia by insisting that nine people be removed from a list of restrictive measures imposed on more than 1,300 individuals and 170 entities during several rounds of action in the wake of Moscow’s invasion of Ukraine. …
Read More »EU Gas Supplies to Ukraine Fall 28.3% in 2022
Natural gas deliveries to Ukraine from European Union countries fell 28.3% to 1.836 billion cubic meters in 2022 from 2.562 bcm in 2021, Ukrainian media reported, citing data published by Ukraine’s Gas Transmission System Operator (GTSOU). This included 735.9 mcm delivered to underground storage facilities at the “customs warehouse” in …
Read More »Europe’s Warm Winter may not be such Good News for Energy
The last month has been a month of celebration in the European Union. Gas demand is down because of the unusually warm weather. As a result, prices are down, and the crisis, according to analysts, appears to be averted. The problem is that some of those analysts are adding the …
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