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Business

EU energy ministers seek to tackle spiraling power costs 09.09.2022

Deutsche Welle | Sep 9, 2022 at 2:00 AM

Energy ministers from the 27 member states of the European Union are meeting in Brussels on Friday to discuss a set of proposals aimed at combating rocketing power prices as winter looms.

Britain goes big to ease energy shock; EU meets on Friday

Japan Today | Sep 8, 2022 at 10:40 PM

Britain will cap consumer energy bills for two years and funnel billions to prop up power companies, its new leader Liz Truss said on Thursday in a bid to tackle an energy crisis that has Europe and Russia squaring off in a deepening economic war.

As EU is asked to mobilise all available energy, anger at Germany grows

Euractiv | Sep 8, 2022 at 8:26 PM

The EU’s roiling energy crisis is poised to erupt as Europe heads into winter, prompting calls to ensure every watt of available electricity is fed into the European grid.

Dubai-based firm to build offshore wind farm in UK

Al-Monitor | Sep 8, 2022 at 8:19 PM

An Emirati company announced a new a wind energy project in the United Kingdom today.

LNG Could Be “Really, Really Tight” This Winter: Cheniere

OilPrice.com | Sep 8, 2022 at 6:00 PM

Limited global LNG supplies could be “really, really tight this winter, Cheniere Energy’s executive vice president for worldwide trading told Reuters on Thursday.

EU Debates Proposed $3 Billion Spain-France Gas Pipeline

OilPrice.com | Sep 8, 2022 at 4:30 PM

A proposed new natural gas pipeline connecting Spain and France may not make economic sense, Thierry Breton, the European Commissioner for the Internal Market.

Analysis: Putin’s energy gamble may prove a double-edged sword for Russia

Euractiv | Sep 8, 2022 at 4:14 PM

President Vladimir Putin’s threat to completely cut off energy supplies to the West in a deepening confrontation over Ukraine could prove to be a double-edged sword for Russia.

Brussels aims to relax state aid rules to ease energy sector cash crunch

Financial Times | Sep 8, 2022 at 3:18 PM

…has surged amid supply fears. The EU is seeking to import more LNG as it weans itself off Russian pipeline supplies. Teresa Ribera, Spain’s…

Global Energy Employment Bounces Back Above Pre-Covid Levels

OilPrice.com | Sep 8, 2022 at 1:30 PM

The global workforce in the energy sector has increased to around 65 million people, or 2% of the total labor force.

LEAK: EU plans ‘revenue cap’ on power firms, mandatory electricity savings at peak hours

Euractiv | Sep 8, 2022 at 9:21 AM

A draft EU law for the first time introduces obligatory demand reduction targets for electricity consumption, and places “a revenue limit” on power companies making windfall profits from the energy crisis.

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