The prices in the energy sector show a mild de-escalation, with oil investors moving hesitantly due to fears of a worsening of the global economy, while the prices of European natural gas also show a slight decline. In particular, with oil walking a tightrope between inflationary risks weighing on the outlook for the global economy […]
Tag: natural gas
3% drop for oil – In the region of 260 euros for natural gas
LAST UPDATE 14:30 The prices of the energy sector show a mild de-escalation today, with oil investors moving hesitantly as the possibility of Iran’s return to the market recedes, while the prices of European natural gas also show a slight decline. In particular, recently oil has been walking a tightrope between the inflationary risks that […]
Netherlands: The use of natural gas decreased by 25% in the six months
Natural gas use in the Netherlands fell by 25% in the first half of 2022, the country’s statistics office said, with the biggest cuts coming from heavy industry businesses due to high prices. In particular, Statistics Netherlands said natural gas use stood at around 17.6 billion cubic meters, up from 23.5 billion cubic meters in […]
A maximum price in Europe for natural gas and electricity is requested by the prime minister of Belgium
A maximum price in Europe for natural gas and electricity as well as a “European framework” to allow the recovery of the “extraordinary surplus profits” of the energy sector is called for by Belgian Prime Minister Alexandre de Croix. Invited to Norway in the context of an international conference dedicated to energy, the Belgian prime […]
RAE: Increased compensation prices for electricity producers in September
Compared to August, the prices that electricity producers will receive in September will be significantly increased, according to the RAE decision that determines the maximum compensation prices for electricity producers for the following month. The increase in prices is mainly the result of the rise in international natural gas prices and secondarily carbon dioxide emission […]
And Germany is considering imposing a cap on the price of natural gas
Berlin intends to consider imposing a cap on the price of natural gas, several Italian newspapers cited by Reuters reported today, citing a written message sent by Germany’s economy minister to European energy ministers. According to reports, the message sent by Robert Habeck indicates that Berlin may consider imposing a cap on the price of […]
Gazprom immediately cuts gas flows to France
LAST UPDATE: 10.32 French energy company Engie announced today that Russian state-owned Gazprom has informed it of a further and immediate reduction in natural gas deliveries “due to a dispute between the parties on the implementation of contracts”. Russian gas deliveries to Engie had already been significantly reduced following Russia’s invasion of Ukraine, the French […]
Europe is approaching its natural gas storage target early despite falling Russian supply
The European Union is set to meet its goal of filling natural gas reserves two months ahead of schedule, with the bloc bracing for a harsh winter as Russia cuts supplies and rising energy prices, the Bloomberg agency. Inventories in the EU were 79.4% full by August 27, compared with a target of 80% by […]
EIA: Russia to flare more gas as storage fills
Russia will likely be forced to increase natural gas burning in the coming months as its storage facilities fill up, International Energy Agency (IEA) Director Fatih Birol said today. He said confidence in Russia as an energy supplier has been lost around the globe since its invasion of Ukraine and cuts to natural gas exports, […]
EU: Emergency energy meeting on September 9 against the background of imposing a cap
The Czech Republic, which holds this semester’s presidency of the European Union, is calling an emergency meeting of energy ministers on September 9 in Brussels with the aim of reaching an agreement to deal with rising energy prices, Czech Industry Minister Jozef Sikela said on Monday. The emergency session will consider proposals such as imposing […]