Eu

LNG

Floating LNG Projects Boom as Europe Races to Stock up on Gas

Floating LNG projects are booming in both gas-importing countries and gas-producing countries.

E.ON’s Leonhard Birnbaum Takes the Reigns at Eurelectric

Leonhard Birnbaum, CEO and chairman of the Board Management of E.ON, has been appointed acting president of Eurelectric, federation of the European electricity …

Electric Car

Honda Plugs Into German VPP for Grid Stability Proof of Concept

In what the motor giant is calling a huge breakthrough for Vehicle to Grid (V2G) technology, Honda has become the first automaker in Europe to gain Frequency Co…

Crude Oil

Europe Rushes to Fill Up on Russian Diesel Before Ban Begins

European traders are rushing to fill tanks in the region with Russian diesel before an EU ban begins in February, as alternative sources remain limited.

LNG

Germany’s LNG Terminals to Cost More Than Double Earlier Estimate

The purchase and maintenance of floating liquefied natural gas (LNG) terminals to help Germany secure energy supplies and diversify away from Russian gas, will …

France

France Spends 8.4 Billion Euros to Help Companies With Energy Bills

France will spend 8.4 billion euros ($8.67 billion) to help companies pay their energy bills, in a bid to cushion the impact of rising electricity and gas price…

Italy

New Italian Government’s Budget to Boost Spending to Fight Energy Crisis

Italy's new right-wing government plans to announce some 30 billion euros in new spending on Monday in a budget for next year, mainly focused on curbing the imp…

Electric Car

GM Offers a Bullish Outlook for Its EV Business, Forecasting Profits in ’25

General Motors told investors that its lineup of electric vehicles will be “solidly profitable” in 2025 in North America and that its EV capacity in the regio…

Israel

Israel’s Econergy Secures 250 Mln Eur Financing for Renewable Projects

Israel's Econergy Renewable Energy has secured 250 million euros ($258 million) of financing from French asset manager RGREEN INVEST to strengthen its investmen…

Crude Oil

EU Expects to Be Ready for Russia Oil Price Cap Dec. 5 Start - Officials

The European Union expects to have its regulations completed in time for the introduction of a G7 plan to cap the price of Russian crude oil on Dec. 5 , the EU'…

Crude Oil

European Refiners Oversupplied as Oil Shortage Fears Subside

European refiners have found themselves oversupplied with crude as an expected shortage owing to the looming EU ban on Russian oil has yet to materialise.

EIB-Backed Fund Closed: €220m for Energy Efficiency BTM Projects

SSEF, an EU-focused fund backed by the EIB and advised by Solas Capital AG, has reached final close with investment commitments of €220 million ($228.4 million…

EIB Approves €4bn in Clean Energy Investment

The Board of Directors of the European Investment Bank (EIB) have approved €4 billion ($4.2 billion) in clean energy investment to upgrade energy networks, enh…

Net Zero Emission

COWI to Support Equinor’s Energy Transition

To fulfil the Paris Agreement and become carbon-neutral by 2050, the world has started a decisive global transition to low carbon and renewable energy, with off…

Electric Car

InoBat Inks Declaration for EV Battery Gigafactory in Serbia

InoBat Auto, European developer of Electric Vehicle (EV) batteries, has signed protocols and declarations of intent with the Government of the Republic of Serbi…