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LONG READ: Can Europe keep the lights on this winter?
Europe faces a major energy crisis this winter that will test the continent’s power supply systems to the limit. The EU wants to reach zero emissions by 2050, but power plant decommissioning has exposed the bloc to Russian gas blackmail.
EU proposes €140bn windfall tax on non-gas energy
Under the windfall tax plan, companies would be required to hand over their excess profits over a cap of €180/MWh.
Poland to freeze electricity price for households up to 2,000 kWh consumption
Like its neighbours, Poland is facing an energy crisis in 2023 because of the expected huge hikes in electricity and heat prices.
MOSCOW BLOG: Commodities fall but power prices stay high
Gas prices have fallen heavily in the last weeks, as it seems after Europe’s gas storage tanks hit the 80% full mark some of the panic is fading.
INTERVIEW: "We are focused on supporting Ukrainian businesses and government needs" – Dimitar Bogov, EBRD
Russia’s invasion of Ukraine has devastated the country, causing billions of dollars worth of damage to infrastructure, houses and industry. Kyiv and its international allies have discussed a “Marshall Plan” for Ukraine at several key events.
Czech government imposes national energy price caps
The Czech price cap is seen as a back-up plan in case a common EU-level approach is not reached.
Czechia and Slovakia accelerate decoupling from decades-long nuclear partnership with Moscow
Central European states are moving to widen the cutting off of Russian energy links beyond gas, oil and coal.
Commodity prices fall across the board as the market adjusts to the sanctions realities
The war in Ukraine will go into its eighth month next week and commodity prices are coming off their record-breaking highs as the market adjusts to the new realities.
EurOil: EU energy ministers clash over Russian gas price cap proposal
FSUOGM: Equinor finishes exit from Russia
NorthAmOil: EQT announces $5.2bn Appalachian acquisition
Shale gas producer EQT said this week that it had entered into an agreement with THQ Appalachia I and THQ-XcL Holdings I to acquire Tug Hill’s upstream operations and XcL’s midstream gathering and processing assets.
AsianOil: Australia awards permits for evaluation of CCS opportunities
The Australian government has awarded permits for companies to undertake evaluation and appraisal work for the potential storage of carbon dioxide (CO2) in the country’s waters.
GLNG: Woodside signs binding supply agreements with Commonwealth LNG
AfrOil: Eni acquires BP’s upstream Algerian assets
Italy’s Eni has reached agreement with BP (UK) on the acquisition of the latter company’s upstream assets in Algeria.
LatAmOil: Petrobras considers offering CCS services to third parties
Brazil’s national oil company Petrobras is looking into the possibility of broadening the scope of its carbon capture and storage programme and may begin offering services to third parties.
DMEA: Italy receives first cargo of Kuwaiti ULSD
Kuwait Petroleum International (KPI), a downstream subsidiary of Kuwait Petroleum Corp. (KPC), has delivered its first batch of ultra-low-sulphur diesel (ULSD) fuel to Italy.
Bulgaria offers electricity-for-gas exchange to Azerbaijan
As Sofia struggles to secure gas for the winter, caretaker Economy Minister Nikola Stoyanov offers to export electricity to Azerbaijan in exchange for more natural gas.
EU energy ministers clash over Russian gas price cap proposal
Member states move towards general price cap on gas imports, though details have still to be worked out.
MEOG: OPEC+ makes a cut
Ukraine continues fierce counter-offensive in the East but Russia strikes major thermal power plant
Over the weekend, Ukraine continued its fierce counter-offensive on the eastern front, which saw Russian lines crumble in Kharkiv. The Ukrainian Armed Forces have retaken over 3,000 square km since the start of September.
GUSTAFSON: Russian oil exports – are sanctions working?
Six months after the beginning of the Russian invasion, the “Devil’s Dance” of Western sanctions and Russian oil exports and revenues has barely begun. The main contest still lies ahead.
Proposed gas price cap prompts EU discord and Russian threats
The EU has proposed capping the price of Russian natural gas, as Brussels doubles down on efforts to hamper Moscow’s ability to finance its war in Ukraine.
Fondul Proprietatea selects investment banks for Hidroelectrica IPO
After years of delays, the IPO of Romania's largest electricity producer Hidroelectrica is expected by the end of June 2023.
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