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Business › Energy

Industry urges reluctant EU to make advanced biofuels mandatory for flying

Euractiv | Nov 7, 2022 at 8:00 AM

Lawmakers should boost much-needed green fuel production by inserting obligatory targets for biofuels derived from agricultural and forestry waste into the EU’s upcoming green jet fuel law, the biofuels industry has told the European Commission.

‘Shalennial’ US gas salesman wants to kill global coal

Financial Times | Nov 7, 2022 at 6:00 AM

…The world needs more American fossil fuels, according to Rice. “Unleash US LNG ,” reads the phrase on caps and shirts he hands to visitors stopping…

Serbia ‘in a hurry’ to ease energy dependence on Russia

Financial Times | Nov 6, 2022 at 6:00 AM

…Adriatic and the Trans-Anatolian pipelines [which transport gas from Azerbaijan], as well as LNG terminals in Greece. This is all part of our diversification.”…

Conflict in Ukraine confirms need to abandon fossil fuels, says UK’s PM Sunak

TASS Russian News Agency | Nov 6, 2022 at 5:53 AM

The conflict in Ukraine only confirms the importance of abandoning fossil fuels and switching to renewable energy sources, UK Prime Minister Rishi Sunak is set to say in a speech delivered at the 2022 UN Climate Change Conference (COP27).

Cutting down fossil fuels would have ‘enormous’ health benefits, WHO says

Euractiv | Nov 4, 2022 at 2:46 PM

To move away from fossil fuels would benefit human health ‘enormously’, World Health Organisation (WHO) experts argued ahead of COP27, calling for ‘severe action’ from the governments.

Japanese Economy Minister welcomes Sodeco’s decision to stay in Sakhalin-1

TASS Russian News Agency | Nov 4, 2022 at 1:21 PM

Nishimura clarified that the necessary notification must be submitted within a month of the day a new operator is established.

Reserves in Europe’s UGS facilities exceed 95%

TASS Russian News Agency | Nov 4, 2022 at 8:56 AM

The level of gas reserves in European underground storage facilities (UGS) has surpassed 95%.

European Natural Gas Prices Climb As Nuclear Output Drops

OilPrice.com | Nov 4, 2022 at 8:18 AM

Europe’s benchmark natural gas prices at the Dutch TTF hub were headed for a weekly gain early on Friday, supported by estimates of lower nuclear power output in France and forecasts of upcoming colder weather after a very warm start to the heating season.

Finnish automotive industry suggests measures to tackle rising petrol prices

Euractiv | Nov 4, 2022 at 7:44 AM

A proposal for proactive measures against the expected rise in petrol prices was unveiled by the Association of Automobile Industry in Finland, an organisation of the country’s car importers and car industry.

LNG tankers idle off Europe’s coast as traders wait for gas price rise

Financial Times | Nov 4, 2022 at 6:00 AM

…With gas storage capacities full, “ LNG vessels have been queued up outside European LNG receiving terminals, chasing what they expected to be the premium market for this LNG ,” said Felix Booth, head of LNG …

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