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Daily News for Energy & Environment
Обновен: преди 1 час 27 мин.

Commission sets out plans for the energy system of the future and clean hydrogen

Ср., 07/08/2020 - 16:27
To become climate-neutral by 2050, Europe needs to transform its energy system, which accounts for 75% of the EU’s greenhouse gas emissions.  The EU strategies for energy system integration and hydrogen, adopted today, will pave the way towards a more efficient and interconnected energy sector, driven by the twin goals of a cleaner planet and […]

World’s biggest oil importer is running out of storage

Ср., 07/08/2020 - 16:15
By Haley Zaremba for Oilprice.com When the bottom fell out of international crude oil markets earlier this year, global oil storage was at a premium. In the United States, finding sufficient crude oil storage became such a challenge that the West Texas Intermediate crude benchmark plummeted below zero on April 20, ending the day at -$37.63 per […]

Romania: 3.17 mln euros investments in new air quality monitoring stations

Ср., 07/08/2020 - 16:01
A total of 60 new monitoring stations will be added to the existing National Air Quality Monitoring Network (RNMCA), environment minister Costel Alexe announced on Tuesday, July 7. The investment in this project amounts to EUR 3.17 million, and most stations will be installed in Bucharest. Once this project is implemented, the National Air Quality […]

Energy Week Black Sea 2020: Join and watch the event online

Ср., 07/08/2020 - 10:32
The Energy Week Black Sea 2020, organised by InvestIn Network, will take place and will be broadcasted only online on 29-30 September, due to the coronavirus pandemic. The event will be held on the platform providing the same amazing value of offline events — new connections and great content — within the comfort of one’s […]

Global LNG projects jeopardized by climate concerns, pandemic delays

Вт., 07/07/2020 - 15:07
Prospects for nearly half of the world’s projects to build infrastructure for exporting liquefied natural gas have faltered in recent months, amid rising concerns about climate change, public protests and delays due to the coronavirus pandemic, according to a report published Tuesday. Out of 45 major LNG export projects in pre-construction development globally, at least […]

The Bulgarian parliament approved the tax regime of the IGB pipeline

Вт., 07/07/2020 - 11:12
The Energy Committee at the National Assembly approved the bill for the Ratification of the Intergovernmental Agreement between the Republic of Bulgaria and the Hellenic Republic regarding the project for the construction of the gas interconnector between Greece and Bulgaria (the IGB gas pipeline). The members of the Bulgarian Parliament voted in the plenary hall […]

Oil giant Shell considers drastic move as pandemic persists

Вт., 07/07/2020 - 11:02
By Charles Kennedy for Oilprice.com Anglo-Dutch oil major Shell is not ruling out the possibility of moving its headquarters to the UK, the group’s chief executive Ben van Beurden told Dutch business newspaper Het Financieele Dagblad in an interview published over the weekend. The move could offer Shell relief from the Netherlands ‘ dividend tax, which has now become […]

IEA: Most technologies needed to achieve net-zero aren’t yet mature

Вт., 07/07/2020 - 10:30
Some 75% of the emissions reductions necessary to meet net-zero are dependent on technologies which have not yet reached commercial maturity, new analysis from the International Energy Agency (IEA) has found. EURACTIV media partner, edie.net, reports. The Agency’s clean energy innovation report warns that net-zero targets, which now cover half of GDP globally, will not be met without “major […]

Who invests in energy efficiency, and why it matters

Пон., 07/06/2020 - 16:03
While the COVID-19 emergency has overshadowed other policy goals in the short term, climate change will continue to remain at the top of the EU political agenda for many years to come. Energy efficiency (EE) is a key pillar of the EU’s long-term strategic vision for a prosperous, modern, competitive and climate-neutral economy. In this context, a better understanding of firms’ investment […]

Denmark approves use of ships with anchors to lay Nord Stream 2 gas link

Пон., 07/06/2020 - 14:27
Denmark has approved a request from the developer of the Nord Stream 2 gas pipeline from Russia to Germany for permission to lay the line in Danish waters using ships with anchors, the Danish Energy Agency said July 6. In early June, Nord Stream 2 asked — as a precautionary measure — for an amendment […]

Italy regulator grants TAP AG more time for first gas delivery

Пон., 07/06/2020 - 14:14
The developer of the Trans Adriatic Pipeline, TAP AG, confirmed late July 2 its commitment to deliver first Azerbaijani gas into Italy in the fourth quarter of this year, despite having asked and obtained from Italy’s regulator the possibility of postponing first delivery of gas until December 2021. “The TAP project is more than 96% […]

Romania: Transgaz needs working capital

Пон., 07/06/2020 - 12:43
Transgaz, the operator of the national natural gas transmission system, intends to borrow RON 300 million (over EUR 60 mln) for two years to finance the necessary working capital, according to an announcement published on the company’s website, according to romania-insider.com. As of Sunday, July 5, the intention hadn’t been announced to the Bucharest Stock Exchange […]

Bulgaria: The state to put fuels market in order

Пон., 07/06/2020 - 11:55
The Bulgarian state is to build and launch into exploitation at least 100 petrol stations in the big cities and on the motorways within one year. The decision of the cabinet has provoked lively and contradictory comments. Until now, the fuels market in the country was entirely in the hands of the private business and […]

EU must end investment protection in the fossil sector

Пон., 07/06/2020 - 10:36
By Anna Cavazzini, Aurore Lalucq, Ernest Urtasun, Maria Arena, Pascal Durand and Sandra Beckman for euractiv.com The Energy Charter Treaty, which dates back to the 1990s, severely restricts Europe’s ability to change regulations in the energy sector, with many EU member states facing court actions worth billions of euros, write a group of MEPs. If the treaty cannot be reformed, then it […]

Renewable hydrogen & decarbonisation

Нед., 07/05/2020 - 07:23
Hydrogen accounts for less than 1% of Europe’s present energy consumption and is mainly produced through highly carbon-emitting pathways, known as ‘grey’ hydrogen, and used as feedstock in sectors, such as fertilisers and refineries. However, clean hydrogen is expected to play a key role in the decarbonisation of sectors where other alternatives might not be feasible or […]

Lignite exit in Romania, Bulgaria, Greece

Съб., 07/04/2020 - 07:57
A total of 3.7 billion EUR for regional development would secure a just transition for coal phase-out in three SEE countries – a new study released by SE3T.net (Southeast Europe Energy Transition Network) finds. This investment can be funded by the Just Transition Mechanism that has been proposed by the European Commission, worth EUR 100 […]

The EU decision excluding nuclear and fossil fuels from the Just Transition Fund

Пет., 07/03/2020 - 12:55
On June 25, 2020, a note has been issued from the General Secretariat of the Council of the European Union to the Permanent Representatives Committee regarding the proposed Regulation establishing the JustTransition Fund (JTF). The European Commission is seeking to establish the €40 billion Just Transition Fund, made up of €30 billion from an EU […]

Hungarian energy group MVM includes Romania in its expansion strategy

Пет., 07/03/2020 - 10:56
By Veronika Gulyas for Bloomberg Hungary’s state-run energy group MVM Zrt. is planning a wave of acquisitions and deals in the Balkans and in renewables before a potential initial public offering, its chief executive officer said. The company, which owns assets ranging from nuclear energy to natural gas storage, is helping Prime Minister Viktor Orban’s government develop energy […]

Goldman Sachs: Prepare for a global consolidation of refineries

Пет., 07/03/2020 - 10:50
By Nick Cunningham of Oilprice.com A wave of new oil refineries coming online in the Middle East and China will knock others offline, ushering in a period of consolidation, according to a new report from Goldman Sachs. Global oil demand has taken an enormous hit from the Covid-19 pandemic. Depending on who you ask, demand […]

Serbia: 7-year loan from EBRD to Coral SRB d.o.o

Пет., 07/03/2020 - 07:43
Provision of a senior unsecured 7-year loan (the “loan”) of up to EUR 10m-equivalent in Serbian dinars (RSD) to Coral SRB d.o.o to finance the expansion of Coral Group to the Serbian market through the development of the Shell brand gas station network, offering high quality fuels and lubricants. The loan from EBRD will be […]