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).
European nations reached a deal to cap natural gas prices at โฌ180, ending months of political wrangling over whether to intervene in an energy crisis that has risked pushing the region into a recession.
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.
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.
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.
Europeโs electricity market has been operating for a long time and any potential reworking of the system should be evaluated very carefully, according to the continentโs largest utility.
France will reap โฌ30.9 billion ($31 billion) from renewable-power producers over two years as Europeโs energy crisis boosts wholesale prices beyond guaranteed levels.
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.
Record electricity prices are damaging Europeโs attempts to build its solar and battery sectors, as manufacturers face mounting costs, warns Rystad Energy.
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.
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.
The oil market hasnโt 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 countryโs exports to avoid a price spike, according to a US Treasury Department official.
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.
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.
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.
A โrewritingโ 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.
The UK spent around ยฃ5 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.
Europe needs new sources of energy, particularly zero carbon energy, while Namibia offers abundant solar and wind. Can hydrogen bridge the gap, providing scope for both to prosper on the route to net zero?