Tag : Oil & Gas

Tag: Oil & Gas

Gazing into the Energy Crystal Ball for 2022

The Covid pandemic and geopolitical issues are more likely to be key issues for the power prices in 2022. “What we've got to have once we’re taking a look at these figures can be the financial debate on using all these commodities and the growing dem...

High gas prices push up electricity cost in EU

Excessive power prices in current months have drawn consideration from the European Commission, highlighting the importance of power safety, especially in occasions when international markets are risky. Spot pure fuel costs buying and selling in the...

MEPs reach deal with Council on EU-backed energy projects

The up to date guidelines to pick which power tasks will receive EU help have been informally agreed between Members of the European Parliament and the Slovenian Presidency of the Council on December 15, in accordance with the European ParliamentR...

New EU framework to decarbonize gas markets, promote hydrogen, cut methane emissions

The European Fee adopted on December 15 a set of legislative proposals to decarbonise the EU fuel market by facilitating the uptake of renewable and low carbon gases, including hydrogen, and to make sure power security for all citizens in Europe. “Eu...

Israel, Greece, Cyprus seeing green energy future

Israeli Prime Minister Naftali Bennett, Greek Prime Minister Kyriakos Mitsotakis and Cypriot President Nicos Anastasiades met in Jerusalem on December 7 where they reaffirmed the robust cooperation between the three Mediterranean nations, particularl...

New US sanctions against Nord Stream 2 to keep pressure on Russia

The USA on November 22 imposed new sanctions on the controversial Nord Stream 2 pure fuel pipeline between Russia and Germany. The US, Ukraine and a number of other EU states, including Poland and the Baltic states, have opposed Nord Stream 2, arguin...

Tackling oil prices, US to release 50 mln barrels of crude from the Strategic Petroleum Reserve

In response to the very best oil costs in seven years, the Biden administration has taken a decisive action to deal with lack of supply and lower costs for People on the pump by making out there 50 million barrels of crude oil from the US Division of...

Germany suspends Nord Stream 2 certification delaying commissioning well into 2022

Germany’s Federal Community Agency (BnetzA) suspended its certification of the Nord Stream 2 pure fuel pipeline from Russia to Germany on November 16 which can delay the beginning date into the first quarter or probably the second quarter of 2022. A...

Lukashenko would not dare cut gas supplies to EU without Kremlin’s permission

Belarus’ authoritarian President Alexander Lukashenko threatened to chop fuel provides to Europe transiting his country if the European Union imposed further sanctions in response to the migrant crisis created by Belarus at its border with Poland. Ne...