Europe’s push to ditch Russian natural gas is generating billions of dollars in new commitments to build a low-carbon hydrogen market. A nearly 450% rise in gasoline prices in Europe last year…
Tag: Russia In The European Energy Sector
Rising food costs push Arab world’s vulnerable to breaking point
Seated around the dining table, the family of four stares blankly at pictures of food sketched on the tablecloth. “Tonight,” the father says, “we’re coloring for dinner.” The scene in a cartoon…
Why Japan will struggle to do without Russian energy
After reports of alleged war crimes in Ukraine by Russian forces, Japan said it will follow the European Union and Group of Seven countries and ban imports of Russian coal. Prime Minister…
GCC chemical industry to see ‘planned, committed investments’ of $71bn up to 2024: GPCA
Pratap John The GCC region will see “planned and committed investments” totalling $71bn up to 2024 in its chemical industry, according to Gulf Petrochemicals and Chemicals Association (GPCA). This is despite considerable…
Russian oil exports forced to take longer journeys to find buyers
Russia’s crude oil exports, a vital wellspring of income for Vladimir Putin’s regime, are giving no indications that they are beginning to crumble in the midst of the vanishing of European purchasers….
Russia-Ukraine War Could Delay Europe’s Decarbonization Plans for a Decade “The Whole Situation is Very Sad” – Energy Expert
8 April 2022 Roudi Baroudi DELPHI, Greece: Russia’s invasion of Ukraine could force Europe to delay key decarbonization efforts for up to a decade, a prominent regional energy expert warned on Friday….
World electric vehicle fleet to surpass 20 million in June
According to Bloomberg New Energy Finance estimates, the global EV fleet is set to reach 25 million by the end of the year and 20 million as soon as June. This is…
Is Putin’s war driving up commodity prices?
By Daniel Gros/ Florence • Understanding why prices are high is essential to devise the right policy response Sky-high commodity prices have the world reeling. Inflation has reached 7% in both the United…
US and EU reach LNG supply deal to cut dependence on Russia
Bloomberg / Brussels The US and the European Union will push to boost supplies of liquefied natural gas to European countries by the end of 2022 in a bid to displace Russian…
Qatar will stand in solidarity with Europe, won’t divert gas contracts to other customers: Minister of State for Energy Affairs
Doha: Minister of State for Energy Affairs HE Saad bin Sherida Al Kaabi stressed that Qatar will stand “in solidarity with Europe” and will not divert gas contracts to other customers, even…