Eu

Electricity Trade

Power Costs in Europe Soar to Record High in 2021

The continent's energy crunch followed shortages of natural gas just as demand rebounded following 2020’s lockdowns

Solar Power Plant

European Solar PV Capacity Jumped 34% in 2021

2021 is touted as the best year in solar history according to a new study

Hydrogen Project

The Hydrogen Stream: JinkoSolar to Develop Solar-to-Hydrogen Plants

China-based JinkoSolar, currently the world's largest solar panel manufacturer, has signed a strategic cooperation agreement with China’s petroleum giant Sinop…

Hydrogen Fuel Cell

Snam to Build Hydrogen-Ready Fuel Cell for Italy’s Torino Airport

Gas group Snam has agreed a 14 million euro contract to build a hydrogen-ready fuel cell for Italy’s Torino Airport to help it to cut its carbon footprint, the…

Hydropower Plant

Republic of Srpska Breaks Ground on Three Hydropower Plants on Bistrica River

The contractor on the project, valued at EUR 103 million, is AVIC-ENG – China National Aero-technology International Engineering Corp.

Energy Storage Battery

VW-backed Northvolt Starts Output at Swedish Lithium-ion Battery Cell Gigafactory

Battery storage specialist commissions first factory at Skellefteå amid efforts by Europe’s car industry to lessen dependence on Asian producers

Oil & Gas Trade

Hyundai Oilbank to Export Gasoline and Diesel to Hawaii

Hyundai Oilbank announced on Dec. 28 that it has signed a long-term contract to export finished petroleum products to Hawaii.

Nuclear Power Plant

Germany, Belgium to Close Nuclear Reactors Despite Europe Energy Crisis

Germany intends to phase out all of its nuclear reactors by the end of next year, while Belgium has decided to shut down its existing plants by 2025.

Hydrogen Project

Russia Ready to Cooperate with EU in Hydrogen Projects

Modern technologies make it possible to successfully use hydrogen and mix it with natural gas, Vladimir Chizhov pointed out

Oil&Gas Drilling

Aker BP Secures Drilling Permit for North Sea Well Trio

The Norwegian Petroleum Directorate has granted Aker BP a drilling permit for three wells in the North Sea offshore Norway.

Natural Gas

EU Natural Gas Prices Tumble For Fifth Straight Day

20 tankers with U.S. LNG are traveling to Europe, and another 14 are headed in the same general direction awaiting further orders

Solar Power Panel

AE Solar to Build Solar Panel Plant in Bulgaria

German AE Solar will invest more than EUR 150 million in the construction of a solar panel factory near Plovdiv in 2022, Bulgarian energy minister Alexander Nik…

Crude Oil

CPC to Import 90,000MT Crude Oil from Singapore

The Ceylon Petroleum Corporation says it will import 90,000 metric tons of fuel on credit from a supplier in Singapore next month.

Nuclear Fuel

Isotope Supplies Allow USA to Stop HEU Exports

Worldwide supplies of molybdenum-99 made without using highly enriched uranium are now sufficient for the USA to ban exports of HEU material for foreign medical…

Crude Oil

Marathon to Receive Second Release from U.S. Strategic Petroleum Reserve

The U.S. Energy Department awarded a second batch of crude oil from the strategic reserve to Marathon Petroleum Corp. as part of the Biden administration’s eff…