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Economy

Europe’s energy bills unplugged: Who pays the most to use the grid?

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Azerbaijan

How could Baku and Brussels align on gas supplies to the EU?

Baku wants more EU investments and commitments to its natural gas potential as it looks for more fossil energy revenues to finance its ambitions to become the renewable energy leader of Eurasia. Meanwhile, Brussels' gas goals are not enough.

Business

ExxonMobil, Eni and Total eye natural gas deposit plan off Cyprus

ExxonMobil could partner up with Eni and Total to jointly develop natural gas deposits off Cyprus.

Europe News

EU reaches its winter gas storage target weeks ahead of schedule

The European Union's gas storage facilities can cover up to a third of its gas demand in winter.

Business

What about sanctions? French imports of Russia's LNG surge

French imports of Russia's liquified natural gas (LNG) surge - and Ukraine supporters seek a stop to it.

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Business

Berlin drops gas transit levy blamed for promoting imports from Russia

Berlin has agreed to scrap a gas storage levy, with the European Commission questioning its legality under EU law, and eastern EU members suggesting it plays into Moscow's hands.

Europe News

Ministers agree to extend gas saving policy through 2024

With no end in sight to president Putin’s war on Ukraine, European energy ministers have agreed to extend for a second year voluntary measures to keep natural gas demand across the EU to at least 15% below pre-invasion levels, and discussed ways to end lingering dependence on Russian gas.

Azerbaijan

More gas could be on the way for the EU via the Southern Gas Corridor

The tenth Southern Gas Corridor and second Green Energy Advisory Council Ministerial Meetings took place in Baku in Azerbaijan

Economy

Ofgem lowers price cap: What does it mean for British energy bills?

Households in England, Scotland, and Wales will pay 12% less for their energy bills from April, although costs remain historically high.

Markets

TotalEnergies shares slide as company reports fall in earnings

Shares in France's TotalEnergies declined on Wednesday morning after the company reported a 31% drop in fourth-quarter (Q4) earnings.

Economy

What's in store for LNG and Europe in 2024?

The story of liquified natural gas (LNG) — natural gas cooled down to liquid form for ease and safety of non-pressurised storage or transport — is getting interesting as it increases its share in the global primary energy mix, Osama Rizvi writes.

Economy

Red Sea shipping disruptions could further fuel inflation, EBRD warns

Prices are likely to soar as the main route for one-tenth of the global seaborne trade is under constant fire.

Markets

Euroviews. Europe energy crisis: Have natural gas prices peaked?

Europe's energy crisis continues to impact consumers as the volatile oil and gas markets remain under pressure from current conflicts and a weak global economy, Osama Rizvi writes.

Markets

European gas prices soar after Egypt reports zero imports

European gas prices rose almost 7% on Monday morning, following news about supply risks.

Markets

Uncertainty in Europe as oil prices keep climbing

Oil prices have climbed further after they hit a ten-month record on Thursday and gas prices are also inching towards their highest level of the year.

Europe News

EU to reach winter gas storage target months ahead of new deadline

Gas storage across Europe is now filled at just under 90% capacity, reaching a mandatory target to ensure the continent can power itself through winter with months to spare.

Netherlands

Gas production in Groningen field to end in October, Dutch gov't says

The gas wells will remain open for a further year, however, in case of a particularly cold winter. After that, 60 years of gas extraction in the province of Groningen will cease altogether.

Green News

Willow Project: Could two lawsuits block the oil project in Alaska?

The Biden administration has approved Alaska’s Willow oil project, a major drilling initiative that environmentalists say is counter to the country’s climate goals.

Norway

Norway's leader says country is not a 'war profiteer'

Hinting that Norway would soon become one of Kyiv's biggest donors with an upcoming aid package, Jonas Gahr Støre dismisses the "war profiteering" claim made by those who want Oslo to do more for Ukrainians.