Europe News
Euroviews. Geothermal energy promises domestic power - the EU is hesitating
The EU runs the risk of standing idly by whilst the US and Canada develop geothermal energy into an industry. In Europe discussions about partnerships are still ongoing, writes Tatiana Mindekova from the global energy think tank ‘Ember’ in a guest article for Euronews.
Business
BP returns to Venezuela as post-Maduro energy opening accelerates
Venezuela has awarded BP a licence to develop the offshore Loran gas field alongside state-backed partners from the UAE and Qatar, marking the British company's return to a country whose energy sector has been reopening to foreign investors since US forces captured Nicolás Maduro.
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Europe News
Hungary's nuclear crisis tests new PM Magyar's leadership
Record-low Danube water levels have forced Hungary's Paks nuclear plant into partial shutdown, cutting output as demand surges. Former governing party Fidesz is seizing on the outage to question the still-new government's competence.
Qatar
Second tanker with Qatari LNG struck in Hormuz as force majeure widens
The GasLog Shanghai was struck while leaving the Strait of Hormuz, weeks after the Al Rekayyat was hit in the same area. Italian utility Edison said QatarEnergy had extended force majeure on a further three cargoes, bringing the total affected to 24 shipments through September.
Europe News
EU grows impatient over Italy's hesitancy on €14.9bn defence loan
Italy hasn't decided how much of its €14.9bn SAFE defence loan it will use, as several domestic considerations affect the calculus. But Brussels and other member states are growing impatient to reallocate any unspent funds within the legal deadlines.
Economy
Food inflation to soar due to energy and fertiliser crisis, UN says
Rising energy and fertiliser prices are likely to continue contributing to food inflation globally, the UN warned in its latest report. This in turn can drive up the cost of a healthy diet and threaten progress against global hunger.
EU.XL
The EU’s plan to triple energy storage as renewable power is wasted
Brussels, member states, industry, and banks have signed the EU's first Tripartite Agreement for Energy Storage to address a significant capacity gap, essential for lower energy costs and grid stability. Can a non-binding pact really deliver the storage Europe needs in time? Watch the video.