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Economy

Germany risks missing gas storage target, threatening industry output

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Earth News

Europe could get Cypriot natural gas by 2027, president says

Europe has been looking for more ways to wean itself off Russian energy and cut Moscow from revenues to fund its all-out war in Ukraine.

Economy

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

The share of distribution in energy prices varies significantly across European capital cities. Euronews explores these differences in both electricity and gas bills.

Europe in Motion

How are EU gas reserves holding up?

Despite reassurance from the European Commission regarding gas supply security, EU stockpiles hold 16% of gas less as compared to the beginning of 2023. Only Portugal has a gas storage volume exceeding 100%.

Business

Eni launches supercomputer in bid to discover new oil and gas fields

With an estimated cost of over €100m, the supercomputer - known as the HPC6 - will be able to handle a number of artificial intelligence functions, as well as highly sophisticated calculations, with the help of nearly 14,000 graphics processing units (GPUs).

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Markets

Moldova declares an energy emergency over fears of Russian gas cut-off

Moldovan PM Dorin Recean said his country faces an “exceptional situation” in which Moscow could deliberately weaponise energy.

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

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.

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

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.