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Europe News

How Europe's gas prices fell from €300 to €35 MWh in one year

One year ago, European politicians were in a state of panic watching wholesale gas prices break all-time records.

Business

Britain's Rishi Sunak announces major oil and gas expansion plans

Flying in the face of environmental concerns, British is giving the green light to drill hundreds of new oil and gas wells in the North Sea, with PM Rishi Sunak claiming it will help to make the UK more self-sufficient in energy.

Europe News

EU should expand joint gas purchases to other commodities - Commission

The European Union should build on the success of its new joint gas purchase platform and extend it to other commodities including hydrogen and critical raw materials to ensure steady supplies and affordable prices, Maroš Šefčovič argued on Thursday.

Green News

World heading in ‘wrong direction’ as fossil fuels surge, report shows

Renewables growth did not dent fossil fuel dominance in 2022, a report has revealed.

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Health news

Gas stoves can emit chemical linked to blood cancers, study finds

Home cookers raise levels of benzene, a chemical linked to a risk of cancers of the blood cells, to well above "health benchmarks".

World News

Energy security tops agenda at Kazakhstan's Astana International Forum

The question of energy security was actively discussed at the Astana International Forum. Kazakhstan, one of the world’s most important oil producers, is aiming to increase its supply to and influence over the energy market.

World News

Is the energy crisis behind us?

As the war in Ukraine continues, Europeans are already looking ahead to the coming winter, keeping a close eye on their gas reserves.

Europe News

EU platform to pool gas demand seeing 'remarkable success' - Brussels

Suppliers who took part in the first tender round offered more than 13.4 billion cubic metres (bcm) of gas, higher than the 11.4 bcm requested by buyers. But the price is not yet known.

My Europe Series

State of the Union: Spain heatwave, offshore wind plans & pharma rules

Record breaking temperatures in some Spanish areas, as April sees new highs.

Bulgaria

European countries to boost gas imports from Azerbaijan

European countries are turning to the Caspian Sea for sources of natural gas, boosting imports from Azerbaijan to counter the impact of sanctions on Russian energy supplies.

Economy

EU launches platform to pool gas demand in bid to lower prices

Several companies have already put in bids, an EU official said in the morning, just two hours after the platform was launched. The first deliveries are now expected to be carried out in late June or beginning of July.

Green News

EU faces legal action for labelling gas and nuclear as ‘green’

The groups are targeting the EU's "taxonomy", a list of investments that can be labelled and marketed as sustainable in Europe.

Climate

Senegal: Locals turn to prostitution as gas project kills fishing jobs

A gas rig in the town of Saint-Louis has brought only a wave of problems, unemployment and more poverty.

Europe News

EU extends 15% gas reduction plan until March 2024

Gas savings have become a powerful tool to fend off the worst effects of the energy crisis.

Europe Decoded

Winter is gone. But can we really say Europe's energy crisis is over?

Against all odds, Europe managed to fend off the worst-case scenario of the energy crisis, mainly thanks to savings and weather events.

Green News

EU agrees to push for the global phaseout of fossil fuels

The EU has laid out its climate and energy priorities ahead of COP28 in November.

Europe News

EU moves ahead with plans to buy gas jointly and secure lower prices

The first joint purchases are expected to take place in the summer in order to fill underground gas storages.

Europe News

Gas consumption in the EU drops by almost 20%, overshooting target

The EU argues gas savings are the most powerful tool to mitigate the worst effects from the ongoing energy crisis.

Green News

Renewable energy to become world's top source of electricity by 2025

Renewables will ‘dominate’ surge in electricity demand over next two years, data show.

Green News

Exxon reports record profits while suing EU for 2.3% windfall tax

40 per cent of Exxon's record-breaking profits went to new oil and gas and 5 per cent to ‘low-carbon’ initiatives.

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