The average price of electricity on the Spanish wholesale market hit a historic high of €307.80 per megawatt-hour (MWh) this August, increasing 19.3% compared to July, fresh data from the Iberian Electricity Market Operator (OMIE) revealed.
The government coalition partners and the cabinet reached an agreement for the 2023 budget in a meeting that lasted over 14 hours, Dutch media NOS reported.
The European Union’s gas storage facilities have been filled to 80 percent, the bloc’s Commissioner for Energy Kadri Simson said in a tweet.
The Japanese government is taking the unprecedented step of preparing to buy liquefied natural gas if companies can’t afford to do so.
Gas prices in Europe soared almost threefold by the end of summer to about $2,500 per 1,000 cubic meters.
Russia has authorized investments by Japanese trading houses Mitsui & Co and Mitsubishi Corp in the Sakhalin 2 oil and gas energy project, a step toward resource-poor Japan procuring stable supplies of liquefied natural gas.
The head of the US mission in Erbil met with a Kurdistan Regional Government (KRG) official today to discuss the ongoing oil dispute in Iraq.
A Saudi company has signed an agreement to build a green hydrogen plant in Egypt.
…per cent of their capacity. Phones would also have to display an energy efficiency label, similar to those used for washing machines and dishwashers, which…
The Fed has more work to do in taming inflation and the key interest rate needs to move up to above 4% by early 2023 and stay there, Cleveland Federal Reserve Bank President Loretta Mester said on Wednesday.