EU Commission launches £700m inaugural European Hydrogen Bank auction
The EU Commission has launched its first European Hydrogen Bank auction with €800 million (£695m) in subsidies available for renewable hydrogen production.
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Europe aims high for hydrogen imports
“We also expect production of hydrogen in the USA on account of the Inflation Reduction Act [IRA], and this surely supports the plausibility of the hydrogen import target – as long as US and EU can make concessions to each other,” the Topsoe executive said.
New reliance on LNG puts Europe in line for higher prices
Much has been written about the economic consequences of the Russian invasion of Ukraine, particularly as the shutdown of the Nord Stream gas pipeline has left the European market scrambling for cover in the form of liquified natural gas (LNG).
EU sets gas-price cap at €180 in emergency bid to crisis
European nations reached a deal to cap natural gas prices at €180, ending months of political wrangling over whether to intervene in an energy crisis that has risked pushing the region into a recession.
EU seeks to break deadlock over capping natural gas prices
European Union nations will make a fresh attempt at reaching a deal on a controversial proposal to cap high natural gas prices as the region battles a blast of winter freeze.
IOGP boss warns of an energy transition ‘disrupted’ by energy security fears
Iman Hill, chief executive of the International Association of Oil and Gas Producers (IOGP), suggests 2022 may be the year that highlights the realities of achieving both an energy transition and energy security.
EU agrees to set $60 price cap level for Russian oil exports
The European Union agreed to put a price cap on Russian oil at $60 a barrel, paving the way for a wider Group of Seven deal.
Updated: EU closes in on $60 cap for Russian oil as Poles hold out
The European Union is closing in on a deal to cap the price of Russian crude oil at $60 a barrel, their latest attempt to clinch an agreement before a Monday deadline, according to people familiar with the matter.
Iberdrola warns against hasty reshaping of EU power market
Europe’s electricity market has been operating for a long time and any potential reworking of the system should be evaluated very carefully, according to the continent’s largest utility.
France to reap $31 billion windfall from renewable energy firms
France will reap €30.9 billion ($31 billion) from renewable-power producers over two years as Europe’s energy crisis boosts wholesale prices beyond guaranteed levels.
Europe to fast-track permitting for building renewable projects
The European Union is proposing a cut back in lengthy planning rules for building renewables projects in the latest push to lower electricity prices and reduce gas use in energy.
Rising supply chain costs threaten European solar, battery progress
Record electricity prices are damaging Europe’s attempts to build its solar and battery sectors, as manufacturers face mounting costs, warns Rystad Energy.
Rystad: LNG to balance European demand in absence of Russia
Europe can rebalance its gas supply and replace Russian gas imports before 2030, but will have to take some tough decisions on LNG.
EU proposes mandatory power-demand cut and tax on profits
The European Union is set to propose a mandatory target to cut power use -- a step toward rationing -- along with measures to funnel energy company profits to struggling consumers as it tries to stem the crisis.
Europe braces for rationing risks in Russian gas showdown
Europe faces the risk of blackouts, rationing and a severe recession if Russia further slashes gas deliveries, and the next reality check is at hand.
EU plans emergency intervention to stem surging power prices
The European Union is planning urgent steps to push down soaring power prices, Commission President Ursula von der Leyen said on Monday.
Senegal pitches its gas as European alternative to Russia supply
Senegal is positioning itself as an alternative source of gas for Europe as Russia cuts supplies of the fuel.
Political will and Europe’s energy security challenge
European energy security faces a seemingly impossible task of meeting short-term demand with longer-term decarbonisation. Society does not have the luxury of declaring this to be impossible, though, so must take steps now to meet the challenges.
US says Russia oil cap needed as EU sanctions not yet priced in
The oil market hasn’t yet priced in the impact of European Union sanctions aimed at Russian supplies, which adds impetus to a US plan to cap the price of the country’s exports to avoid a price spike, according to a US Treasury Department official.
Spain and Portugal reject EU plan to limit natural gas use
The European Union's plan to reduce the bloc's natural gas use by 15% to prepare for a potential cut-off by Russia this winter has received sharp scepticism from Spain and Portugal.
Shell CEO says Europe faces ‘tough winter’ and escalating prices
Europe will face a tough winter with even higher energy costs, Shell Plc’s Chief Executive Officer Ben van Beurden said Thursday.
Big finance and activists slam ‘disappointing’ EU gas vote
Europe has botched an historic opportunity to create a global benchmark for sustainable investing after agreeing to treat gas as a green asset, according to bankers, investors, climate activists and their lawyers.
Putin’s war throws crucial EU vote on ‘green’ gas into doubt
European lawmakers are under pressure from Ukraine to block plans to treat gas as a green asset, plunging into serious doubt an EU Parliament vote that not long ago seemed set to endorse the proposal.
Ban on Russian exports spurs energy transition and LNG, says WoodMac
A “rewriting” of energy trade flows is now underway according to Wood Mackenzie analysts, as Europe's move to wean itself off exports from Russia boosts investment in energy transition and LNG, but increases supply chain risks.
UK spent £5bn on Russian energy imports last year
The UK spent around £5 billion on imports of Russian oil, gas and coal in the year to April 2022 according to a House of Commons research briefing, as the government looks to halt supplies by the end of this year.