The EU Parliament's decision to impose a de facto ban on new registrations of internal combustion vehicles from 2035 has met with widespread rejection from both the automaker and fuel industries. In addition to criticism from the European Automobile…
The 20 largest electrolysis producers in the EU have pledged to increase their production tenfold by 2025. In return, the EU Commission is promising them state aid relief and money from the EU Innovation Fund for Carbon Difference Contracts (CCfD).
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In Cuxhaven, gas and oil producer Wintershall Dea is building a plant to generate green hydrogen. Construction has now begun on the project, called "H2Move," which will produce enough H2 to enable emissions-neutral supply to Germany's largest oil…
The Spanish government has decided on a temporary price cap of 40 euros/MWh for gas used for power generation. It will apply for one year. Portugal is planning a similar measure to Spain. The EU competition authority has not yet approved anything. A…
China imported more liquefied natural gas (LNG) than any other country last year, according to a report from the U.S. Energy Information Administration.
That's according to data from the Global Trade Tracker. According to the report, China's LNG…
Against the backdrop of uncertain Russian energy imports, the German cabinet has approved - in a written circulation procedure - the "Formulation aid for the draft law on accelerating the use of liquefied natural gas (LNGG)". In essence, it is…
Austrian energy and chemicals group OMV has completed the sale of its service station business in Germany effective May 1, 2022. In February, the German Federal Cartel Office had approved the planned acquisition of the service station network of OMV…
Without cheap gas from Russia, industry may have to switch to H2 instead of natural gas as a bridging technology, emphasized Climate State Secretary Graichen at the Berlin Energy Days.
"Many certainties that have applied for decades no longer apply.…
The EU has presented another - the sixth - package of sanctions aimed at Russia. The most important component - in addition to the exclusion of Russia's largest bank, Sberbank, from the international banking system Swift, a ban on broadcasting by…
A new operational pipeline between Poland and Lithuania is to cover 10 percent of Poland's gas demand. Russia had turned off Poland's gas tap because it was not paying its gas bill in rubles. That is why the interconnection is important, said EU…
With its BlueHyNow project, gas and oil producer Wintershall Dea wants to produce hydrogen on a large scale in Germany and store CO2 in deep geological layers under the North Sea. Production is to take place at the Wilhelmshaven site, where a…
After the write-off of the Nord Stream 2 financing had recently been the dominant topic at Wintershall Dea, triggered by the war in Ukraine, the current presentation of the quarterly figures at Wintershall Dea focused on the handling of the remaining…
Germany is in the process of reducing its energy dependence on Russia at a rapid pace, as Federal Economics Minister Robert Habeck (Greens) just said on the occasion of the second Energy Security Progress Report presented at the beginning of May. For…
The U.S. energy group ExxonMobil has closed the first quarter with a significant jump in earnings. The sharp rise in energy prices in the first three months of this year not only increased sales, (+ 53 percent to 90.5 billion U.S. dollars), the…
Germany's dependence on gas, coal and oil supplies from Russia continues to decline. This is the result of the second progress report on energy security in Germany, which has now been presented by Robert Habeck, Germany's Minister of Economics.
With…
Seit Mittwoch, 27. April morgens, liefert Gazprom Export kein Erdgas mehr an die polnische staatliche Gasgesellschaft PGNiG und die bulgarische Staatsgesellschaft Bulgargaz. Die Einstellung der Lieferungen war schon am Dienstag gegen 17 Uhr bekannt…
In response to the cessation of gas supplies by Russia to Poland and Bulgaria, representatives of the 27 EU member states met in the Gas Coordination Group. Poland and Bulgaria will receive natural gas from their neighbors in the future, according to…
Chemical company BASF plans to cease its activities in Russia and Belarus by the beginning of July 2022 in response to Russia's attack on Ukraine. The company had already announced at the beginning of March that it would no longer conclude any new…
The economic turmoil resulting from the Russian war of aggression has led to a billion-euro loss at Uniper in the first quarter. As the company announced in an investor conference, preliminary adjusted earnings before interest and taxes (adjusted…
Shortly after Moscow announced that it would turn off the gas tap to Poland in the wake of the ruble dispute, there is uncertainty about the gas flows actually entering the country. According to media reports, deliveries were at zero early Wednesday…
