Europe Frets about Trump PresidencyJul 27, 2024
European policymakers have expressed concerns about a wide range of issues from climate change, security and trade if Donald Trump wins another four year term in office.
Europe Frets about Trump Presidency
Copper Prices Hit Record High as EU Needs More MetalJun 5, 2024
Copper prices have climbed to a record high this year as worldwide demand for the strategic metal intensifies at a time when the European Union (EU) will require greater volumes of the commodity for the electrification of its economy.
AI Will Help Drive EU Electricity DemandMay 15, 2024
Electricity demand in Europe is forecast to increase by as much as 50% in the next decade as traditional and Artificial Intelligence (AI) data centers as well as electrification plans are rolled out across the continent, reversing a 15-year decline in consumption.
G7, EU leaders urge US restraint on sanctions expansion for Russia, ChinaMay 15, 2024
Foreign ministers from the Group of Seven (G7) major democracies refused at a meeting in Italy on April 17-19 to endorse calls by the US to confiscate Russian assets and then use them to fund the war in Ukraine
EU Levies Russian Wheat Tariffs to Prevent Price DeclineMay 3, 2024
Global grain prices have remained stable since the European Commission (EC) recommended increased tariffs on Russian wheat imports to 50% in response to declining local prices across the continent this year.
Gas flush European traders look to store gas in UkraineMar 14, 2024
European energy traders and utilities with excess natural gas supplies to meet EU capacity requirements and stave off a winter crisis are considering Ukraine as an option for storage.
EU urges members to support Energy Treaty AbrogationMar 14, 2024
The European Union is attempting to abrogate the 1998 Energy Charter Treaty that enables companies that have invested in European energy projects to sue member states if they cancel their projects after making investments.
European energy supply risk increases after US restricts LNG exportsFeb 15, 2024
Europe may have reduced its dependence on Russian gas in favour of American gas, but it may have traded one political risk for another, as President Joe Biden froze new US export licences for natural gas to Europe.
EU Commission and Parliament agree on new transportation plan for EuropeJan 17, 2024
The EU Commission and EU Parliament agreed to update the Trans-European Transport Network Ten-T guidelines on December 18.
IEA releases report designating 2023 a ‘moment of truth’ for petroleum industryDec 13, 2023
The IEA released a report titled “The Oil and Gas Industry in Net Zero Transitions” on November 23 calling on the global petroleum industry to make “pivotal” choices to ameliorate the effects of climate change,
COP 28 launches in Dubai as European leaders recommit to climate change goalsDec 13, 2023
The 28th Conference of the Parties (COP) to the 1994 United Nations Convention on Climate Change started in Dubai on November 30 as European leaders recommitted themselves to climate change goals prior to the summit.
German industry gets new energy subsidiesDec 13, 2023
German Finance Minister Christian Lindner announced EUR 83.3 billion will be spent to offset gas and district heating in 2024
Russian foreign minister praises ties with North KoreaNov 15, 2023
Russian Foreign Minister Sergey Lavrov thanked North Korea for its “unwavering” support for Russia’s invasion of Ukraine and its official recognition of several Russian-backed separatist regions in eastern Ukraine during a week-long diplomatic mission to Pyongyang.
EU watches for turmoil within Israel governmentNov 15, 2023
As the Israeli offensive in Gaza starts, the European Union is watching to see how the attack by Hamas impacts the country's internal political landscape and by extension the political dynamics of the Middle East, a strategic region for the leaders of Europe.
EU Commissioner proposes Russian LNG phase out as imports surgeOct 13, 2023
EU Commissioner Kadri Simson stated it was a European Union (EU) goal to curtail Russian LNG imports, which have surged since the Russian invasion of Ukraine even as pipeline gas imports have been dramatically reduced.
Energy prices rise across Europe as OPEC + tightens productionOct 13, 2023
The price of Brent Crude rose to a 2023 record of USD 97 on September 28 (91.67 Euro), the highest since 2022 when the war in Ukraine led to oil price spikes.
Ukraine military extends control in Black SeaOct 12, 2023
The Ukrainian armed forces have conducted a successful campaign against the Russian navy in the Black Sea in contrast to the slow gains they are making on the battlefield.
European electric battery production set to surgeSep 15, 2023
European electric vehicle battery production is set to increase by one thousand percent by 2030, according to an Electricity Storage Europe article on August 10.
European Union meet gas storage capacity targetSep 15, 2023
The European Union (EU) has already met its winter gas storage capacity target as it prepares for its second winter largely without Russian supplies, the EU Commissioner for Energy, Kadri Simson, said on August 18.
France is Europe’s top energy exporterSep 15, 2023
France has overtaken Sweden to become Europe’s top net power exporter, while Germany has moved from exporter to importer during the first half of this year, Bloomberg News reported on August 7, citing a report from EnAppSys Ltd.
EU proposes legislation to pull out of 1994 Energy Charter TreatyAug 11, 2023
The European Union (EU) proposed legislation on July 7 to withdraw from the 1994 Energy Charter Treaty (ECT) that was established to enable private finance of energy infrastructure in Eastern Europe following the fall of the Soviet Union.
Agriculture prices soar after Russia pulls out of grain dealAug 11, 2023
Russia’s decision to pull out of an international agreement that guaranteed safe passage for vessels carrying wheat and other grains through the Black Sea
Europe leads North America in renewable energy generation but lags ChinaJul 14, 2023
The Statistical Review of World Energy released on June 26 by the Energy Institute showed the EU leads North America in renewable energy generation for 2023.
EU economic growth forecast slightly higher this year, EC saysJun 9, 2023
The European Union (EU) economic outlook for this year has improved slightly as energy prices decline across the bloc, according to the European Commission (EC) Spring Economic Outlook released May 15.
European energy prices remain stable in AprilMay 5, 2023
Energy prices largely remained stable across Europe in April after the continent moved to diversify its energy supplies away from Russia after Moscow’s invasion of Ukraine in February 2022.
EU works to develop robust cybersecurity policiesApr 14, 2023
The Russian invasion of Ukraine is rapidly changing how the European Union (EU) sets cybersecurity policies as the bloc moves to combat an increasing risk of attack against its critical infrastructure.
Europe pursues energy diversification as it implements transition to renewablesApr 7, 2023
European nations have continued to invest in projects that aim to diversify the region’s sources of energy, including new wind farms, solar fields and oil and gas fields in the North Sea
EC announces new green deal energy development planMar 3, 2023
The European Commission (EC) is planning new energy and industrial development legislation in response to the competitive pressures of the US Inflation Reduction Act
Europe avoids winter energy-supply disruptions with milder weather, more coal useMar 3, 2023
Europe has avoided major energy-supply disruptions this winter as cheaper fuel to produce power and warmer weather eased the strain on power stations and grids, despite the abrupt curtailment of Russian gas shipments resulting from sanctions after Moscow’s invasion of Ukraine last year.
Europe escapes energy crisis in first part of winterFeb 3, 2023
Helped by milder-than-expected weather, Europe has largely avoided the energy supply crisis that some predicted for the first part of winter.
Winter begins in energy-insecure EuropeJan 11, 2023
Winter arrived and a new year began in an energy-insecure Europe without incident, with natural gas storage levels sufficient to enable the continent to maintain electricity and heat until spring, provided the weather is not colder than expected.
Europe hopes for winter without gas rationingNov 4, 2022
With European gas storage levels climbing toward 95 percent, households may be able to avoid rationing this winter if the weather behaves as predicted
Europe secures energy stocks to protect households from shortagesOct 7, 2022
European governments have largely secured sufficient energy supplies to provide heating to their populations this winter, but they may struggle to protect small and medium-sized businesses and industrial output from the negative impact of higher fuel prices.
Ukraine war, summer heat cause record gas, electricity prices in EuropeSep 2, 2022
Natural gas prices have hit a record in Europe due to supply shortages caused by the war in Ukraine, while the costs of electricity climbed to unprecedented levels after a spike in demand for air conditioning amid summer heat waves
ANALYSIS: Europe faces dire energy problems of its own makingAug 15, 2022
EU policy runs the risk of replacing short-term dependence on Russia with long-term dependence on China
Europe braces for energy rationing as Russia moves towards full gas cut-offAug 15, 2022
State-owned Russian company Gazprom has halted all gas shipments to Latvia, reinforcing fears that Moscow may fully cut off such supplies to EU nations in retaliation for Western sanctions over the war in Ukraine.