Jim Ratcliffe: Europe’s chemicals sector risks ‘sleepwaking’ into job losses
Sir Jim Ratcliffe, one of Britain's richest men, has launched a scathing attack on Europe's chemicals policies.
european commission
EU to push ‘Made in Europe’ tag in green industry, Sefcovic says
The European Union will be much more “assertive” in touting a “made in Europe” approach to ensure that green industries like hydrogen and wind stay on the continent.
European Union pledges to help struggling wind industry
The European Commission announced plans to help the region’s struggling wind sector, which is dealing with issues including a lack of access to financing and increased international competition.
Brian Wilson: The North Sea is much bigger than the sum of its parts
Small is beautiful but it’s also nice to be part of something bigger. That applies to many aspects of life and is certainly a sound basis for energy policy which always has to be underpinned by security of supply.
Russian oil price cap to stay at $60, European governments told
The European Commission told member states that a $60-a-barrel cap on the price of Russian oil is proving effective in hurting the Kremlin’s access to petrodollars while not disrupting the market, and will remain unchanged for now.
EU aims to give members option to block Russian LNG imports
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.
US’ IRA major pull for Topsoe’s energy transition interest
The challenge over the next 10 years will be in scaling up SAF production. Green hydrogen production is relatively niche, as yet. “A lack of green power and electrolysis capacity, this will not make a dent” in the projected SAF demand.
EU clears €2bn French CfD package for floating wind farm
The European Commission has approved French plans to offer more than €2 billion in support for a new floating wind farm off Brittany.
Exxon sues EU over windfall tax measures: report
ExxonMobil is reportedly suing the European Union over its newly instilled windfall tax on oil and gas producers, arguing that the bloc has overstepped its authority in enacting the measure.
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.
North Sea players plan ‘Hydrogen Highway’ from Scotland to Rotterdam
A consortium of North Sea companies have launched a new initiative to create a “Hydrogen Highway” from Scotland to Rotterdam.
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.
Namibia tees up more hydrogen MoUs, but one deal slips
Namibia has been unable to close its deal with Hyphen Hydrogen by the launch of the COP27, in Egypt, but there have been other successes in the field.
Amid European gas talk, ICE sets out new LNG futures
Intercontinental Exchange (ICE) has launched two new LNG futures: North-West Europe and South-West Europe, as the continent struggles to make sense of tumultuous gas pricing.
Russian attacks target Ukraine power plants
Russian attacks on Ukraine have destroyed 30% of Ukraine’s grid, President Volodymyr Zelensky has said.
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.
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.
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.
EU targets clean power, LNG in plan to cut Russia dependence
The European Union unveiled a raft of measures ranging from boosting renewables and LNG imports to lowering energy demand in its quest to cut dependence on Russian supplies.
Euro Area would barely grow if Russian gas cut off, EU Says
The euro area’s pandemic recovery would almost grind to a halt, while prices would surge even more quickly if there are serious disruptions to natural-gas supplies from Russia, according to new projections from the European Commission.
US commits to additional LNG supplies for Europe
The US and its partners will send an additional 15 billion cubic metres of LNG to Europe this year, US President Joe Biden has said.
EU to slash Russian gas consumption in energy security move
The European Union can reduce its demand for Russian gas by two thirds before the end of 2022 and aims to eliminate this dependence entirely before 2030.
European Commission backs gas, nuclear for energy transition
The European Commission has confirmed that some gas and nuclear resources will be acceptable in the energy transition.
German LNG Terminal moves forward
German LNG Terminal will apply for permission to build an LNG terminal at the Brunsbüttel site by June 30.