“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.
The European Union and Norway will form a “Green Alliance” to bolster cooperation in clean industries like carbon capture and storage and hydrogen as they look to strengthen the region’s potential as an energy technology hub.
Greenpeace said it’s suing the European Union’s executive over its decision to grant some gas and nuclear power stations a “fake” green label under EU sustainable finance rules.
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.
With just days remaining until the European Union imposes a price cap on Russian oil, much uncertainty remains.
International sanctions on Russian crude will reduce supply by 2 million barrels per day of crude, Windward AI CEO and co-founder Ami Daniel has predicted.
European Union leaders are struggling to find immediate practical solutions on how to deal with the energy crisis while avoiding an open rift between Germany and France.
Ugandan parliamentarians have snapped back at a resolution condemning the country’s oil plans from the European Parliament.
Chevron and partners are keen to increase gas exports to Israel’s neighbours and have made a bid to secure all capacity in a proposed pipeline to Egypt.
Over the past few months, Europe has radically accelerated its energy ambitions, placing hydrogen at the centre.
The European Union is facing legal challenges to its plan to support gas import projects, with accusations that this breaks climate and energy laws.
OPEC and its allies once again ratified a small monthly increase in production, even as global markets look set to tighten because the European Union is considering banning supplies from Russia.
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.
Sky-high oil prices and extreme volatility have exposed the fragility of the world’s dependence on fossil fuels.
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.
The European Commission has confirmed that some gas and nuclear resources will be acceptable in the energy transition.
The European Union is planning to allow some natural-gas and nuclear energy projects to be classified as sustainable investments in a proposal that sparked immediate criticism from the Greens.
An international partnership will provide $8.5 billion over the next three to five years to support South Africa’s move to a low-carbon economy.
Record high gas prices could be a permanent fixture in the coming months until supply is able to catch up with global demand, experts have warned.
The G20 has signalled an increased interest in accepting carbon pricing to tackle climate change.
Stopping financing gas would derail developing countries’ plans for cleaner energy, Nigerian Vice President Yemi Osinbajo has said.
Israel will sell gas to the Gaza Strip, under a deal involving the European Union and Qatar.
The head of a small North Sea start-up company has said he is “frightened” by rising export costs due to Brexit.
With less than 30 days to go until the end of the Brexit transition period at the end of December, many questions remain unanswered as to what the impact will be on waste management in the UK.
The gas-flaring rate of the European Union’s imported gas is 33x higher than indigenous production. We commend the EU’s recent methane strategy, but to support net zero the EU needs an equally clear EU gas flaring strategy.