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Economy
Natural Gas
Why the World Needs to Invest in Fossil Fuels
The CEO of Saudi Aramco made headlines this week when he once again highlighted the need for more investment in oil and natural gas.
Belgium
Thousands Take to the Streets in Belgium Against Soaring Energy Prices
Thousands of people protested against soaring electricity prices and costs of living in the Belgian capital Brussels on Wednesday, following a similar protest t…
Natural Gas
Greece Extends Energy Bill Subsidies Ahead of ‘Winter Battle’
Greece will pay out a further 1.1 billion euros in power bill subsidies in October to shield households and businesses from the impact of soaring energy prices …
United Kingdom
Cost of UK Support to Cap Energy Bills to Be Set Out on Friday
Britain's government will set out on Friday the cost of capping energy prices for households and businesses over the next few months.
Hydrogen Project
EU Gives Green Light for $5.2 Bln in State Aid for Hydrogen Development
The European Commission on Wednesday said it has approved 5.2 billion euros in public funding by 13 EU member states aimed at boosting the supply of renewable a…
Natural Gas
Germany Takes Over Uniper, Raising Rescue Bill to $29 Bln
Germany confirms nationalisation of gas importer Uniper.
Natural Gas
Germany Could Nationalize Uniper as Early as Next Week
The German government, energy giant Uniper, and its majority shareholder, Fortum, have reached a preliminary agreement under which Germany will nationalize the …
Natural Gas
Germany’s Natural Gas Storage Will Last for Two and a Half Months
Gas storage sites in Germany, now nearly 90% full, will be empty after the winter, German Economy Minister Robert Habeck said on Monday.
Wind Power Project
ØRsted Completes Acquisition of German and French Onshore Wind Platform Ostwind
Ørsted has today completed the acquisition of a 100 % equity interest in OSTWIND
Natural Gas
Uniper Weighs Nationalisation Amid Energy Market Turmoil
German gas importer Uniper is flirting with nationalisation as the company suffers the longstanding financial consequences of the war in Ukraine.
Hydrogen Fuel Cell
Loop Energy Says New Hydrogen Fuel Cell More Efficient Than Diesel Engine
Hydrogen fuel cell maker Loop Energy said on Sunday that its latest cell system can deliver better fuel economy than a diesel engine at current price levels.
Net Zero Emission
US Invests $178M to Advance Bioenergy Technology
A total of 37 projects will develop new technologies that engineer plants and microbes into bioenergy and improve carbon storage
Wind Farm
Iberdrola Sells Share of Wind Farm for €700M
A Swiss infrastructure investment firm will own a 49% stake in Wikinger offshore wind farm in Germany
Solar Materials
Jinkosolar Signs Two Polysilicon Supply Contracts in a Month Totalling Nearly Us$30 Billion
JinkoSolar has signed a major polysilicon supply contract worth more than RMB103.3 billion (US$14.9 billion).
Poland
Poland to Freeze Electricity Prices for Households in 2023
Poland plans to freeze in 2023 electricity prices at current levels for households consuming less energy, the ruling Law and Justice (PiS) leader said on Tuesda…
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