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…
Masdar, the state-owned renewable energy company from the United Arab Emirates, has declared its intention to realize up to 4 GW of green hydrogen electrolyzer capacity in Egypt by 2030. Close to Europe, the country offers good conditions for…
Not only in Germany, but also in Austria, the number of service stations open to the public has recently risen slightly, as shown by the industry data recently published by the Fachverband der Mineralölindustrie (FVMI). The association's service…
The supply contract was signed at the end of last year, and in March OMV supplied Austrian Airlines for the first time with Sustainable Aviation Fuel (SAF) for the refueling of aircraft at Vienna Airport. The sustainable aviation fuel, which is…
VNG: "The Ukraine war marks a turning point for VNG," said Ulf Heitmüller, the visibly tense VNG CEO, opening the company's annual press conference. VNG, like probably no other energy company at the moment, was linked in partnership with Russia and…
Uniper wants to test the storage of hydrogen in its Krummhörn natural gas storage facility, which has not been used commercially since 2017. In order to test the demonstration project in a real environment, the energy company wants to sink a new…
One of the key components of the fifth sanctions package against Russia, which was approved by the European Council on April 8, 2022, is an import embargo on coal from Russia. According to the EU Commission, a quarter of all Russian coal exports are…
Shell's announcement on March 8 that it was pulling out of its oil and gas business in Russia has led to write-downs of billions of euros at the energy company. Shell said in an updated outlook for the first quarter of 2022 that the withdrawal from…
The question of who owns Gazprom Germania (GPG) and what the consequences are took on bizarre features in the first days of April. If the GPG Group did not include companies of great importance to the German gas market, it could be dismissed as a…
Austrian oil, gas and chemicals group OMV has announced that it will no longer pursue investments in Russia in the future. It said the situation in Ukraine as a result of Russia's war of aggression necessitated a reassessment of its business with the…
