French President Emmanuel Macron was urged by Spanish Prime Minister Pedro Sánchez to fulfil his commitments to energy network connections between the Iberian Peninsula and the rest of the EU, including a future Midcat pipeline.
Asian stocks were mixed Thursday after strong U.S. hiring dampened hopes the Federal Reserve might ease off plans for interest rate hikes and the OPEC group of oil exporters agreed to output cuts to shore up prices.
Belgium’s Prime Minister has called on the EU to introduce a price cap on wholesale natural gas in order to avoid social unrest
General Electric is laying off staff at its onshore wind power unit as part of a restructuring that came in response to the underperformance of the business.
The package is strongly supported by Croatia.
European Commission President Ursula von der Leyen sent a letter to EU capitals on Wednesday (5 October), seen by EURACTIV, explaining further measures it plans to tackle the energy crisis, including price caps on gas and further funding under REPowerEU.
The decision of EU member-states not to introduce a cap for Russian gas prices is reasonable, Russian Deputy Prime Minister Alexander Novak said on Wednesday on the air with the Rossiya-24 TV Channel.
Environmental organisations criticised the French government’s draft bill to accelerate the deployment of renewable energies, saying it risks threatening biodiversity and protected areas.
A price cap on gas could be a “temporary solution” to the energy crisis while Brussels works on a new price index that better reflects the growing importance of liquified natural gas (LNG), European Commission President Ursula von der Leyen said on Wednesday (5 October).
QatarEnergy will be the world’s largest trader of liquefied natural gas (LNG) in the next five to ten years, the company’s CEO Saad Al-Kaabi.