A collection of 45 posts
Poland began operating a new pipeline that transits gas from Lithuania on Sunday, 1 May. The launch was particularly timely, as Russian state energy company Gazprom halted gas deliveries to Poland on 27 April. The 508-kilometre, bi-directional Poland-Lithuania Gas Connector (GIPL) had been under construction since 2020. The opening this
Deutsche Bank CEO Christian Sewin said on Monday that a significant recession in Germany would be “almost inevitable” if imports of Russian oil and natural gas were stopped. German banks are expecting the country’s GDP growth to slow to 2% in 2022 from 2.7% in 2021, in the
NATO’s Secretary-General Jens Stoltenberg said on Thursday that intelligence showed Russian forces in Ukraine were not withdrawing, but appeared to be regrouping, according to Al Jazeera. His assertion contradicted the Kremlin’s announcement on Tuesday that it planned to reduce military operations in Kyiv and Chernihiv, following bilateral negotiations
Poland adopted draft legislation on Wednesday to prohibit coal imports from Russia. In its efforts to move away from all Russian energy sources, Warsaw says coal will be cut off within two months, while oil imports should cease by the end of 2022, according to Notes From Poland. Poland’s
The United States agreed a deal on Friday with the European Union to provide the bloc with an additional 15 billion cubic metres (bcm) of natural gas this year to reduce the proceeds received by the Kremlin from energy exports to Europe. The liquefied natural gas (LNG) shipped from America
Calling Russia’s invasion of Ukraine “a tectonic shift in European history”, the European Union is working out how to wean itself off of imports of Russian oil, gas and coal and diversify its sources of energy while speeding up the development of renewables. Half of the gas and coal
Though united in their commitment to European and NATO positions on the Russian invasion of Ukraine, Central and Eastern European (CEE) countries differ on their potential exposure to Russian gas supplies – a CET analysis. At time of writing, the Russian army is intruding into the heart of Kyiv and residents
Hungarian Prime Minister Viktor Orban and Russian President Vladimir Putin talked for almost five hours in Moscow on Tuesday, although only a small amount of their conversation was made public, according to local outlets. After the meeting, Orban said Hungary aims to negotiate an increase in the volume of natural
Soaring natural gas prices last year disrupted the long-term trend of renewable energies and gas replacing coal in Europe, according to a report by the think-tank Ember released today. “Legislation is the only way to guarantee that coal plants are closed by 2030; volatile gas prices have made it clear
The European Commission (EC) is considering classifying investments in nuclear and natural gas as sustainable under its new “green taxonomy” regulations , it said in a statement on 1 January. Brussels aims to cut Europe’s carbon emissions to zero by 2050. While green stock and bond portfolios do not currently
French President Emmanuel Macron underlined that energy policy is now a major priority for Europe when he met the leaders of the Visegrad Four countries – Poland, Czechia, Hungary and Slovakia – in Budapest this week. Hungarian Prime Minister Viktor Orban agreed that securing Europe’s energy independence is one of the
Electric vehicles (EVs) and gas will reportedly be similarly classified as sustainable investments in Europe from 2026 under the new EU Taxonomy regulations formulated by the European Commission (EC) expected on 22 December. “The classification of EVs as sustainable vehicles is possibly the most advanced green classification in financial markets,
Natural gas shipments should continue to flowing to Moldova, as Gazprom has given Chisinau two more days to pay off what the country owes the giant Russian gas supplier. Earlier, Gazprom had threatened to close off the taps because of Moldova’s debt of EUR 74 million, an amount covering
A group of investors who collectively manage EUR 9 trillion has written a joint statement to the EU urging it not to classify natural gas and nuclear power as sustainable under its new system. The Net-Zero Asset Owner Alliance comprises 60 international finance companies, including Allianz SE, Banco Santander, Barclays,
Polish Climate and Environment minister Anna Moskwa appeared to reverse Poland’s commitment to cutting coal power by 2030 on Thursday, just hours after her government had signed up for the policy at the COP26 climate conference. More than 40 major fuel-burning countries including Poland and Ukraine pledged to phase