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gas reserve

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EU reaches its winter gas storage target weeks ahead of schedule

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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

01/03/2024

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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.

23/02/2024

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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.

07/02/2024

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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.

29/01/2024

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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.

16/01/2024

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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.

16/11/2023

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European gas prices soar after Egypt reports zero imports

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

30/10/2023

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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.

15/09/2023

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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.

17/08/2023

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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.

23/06/2023

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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.

14/03/2023

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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.

01/02/2023