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Top StoriesEuropean Power Cable Groups Face UK Class Action Over Cartel
Top StoriesEU Considers More Funds for Eastern States in Bid for Deal on Russia Oil Ban
Top StoriesEU Plans One-Year Renewable Energy Permits for Faster Green Shift
Top StoriesEU Tweaks Russia Oil Sanctions Plan in Bid to Win Over Reluctant States – Sources
Czechs Ready to Invest in Upgrading Key Pipeline to Replace Russian Oil
Date: May 6, 2022
PRAGUE (Reuters) – The Czech Republic is ready to raise its stake in a key pipeline and invest to increase its capacity and bring an end to the country’s partial dependence on Russian oil, Industry and Trade Minister Jozef Sikela said on Friday. The TAL pipeline carries oil from the Italian port of Trieste to...
Heat Pumps, Renovations Could Slash Europe’s Russian Gas Use – Report
Date: May 6, 2022
By Kate Abnett BRUSSELS (Reuters) – Extensive building renovations and the use of heat pumps could nearly halve Europe’s Russian gas use, researchers said on Friday, although industry groups said this would require a substantial increase in policy support and funding. The European Commission this month will unveil plans to end Europe’s reliance on Russian...
Hungary Cannot Support New EU Sanctions Against Russia in Present Form -PM Orban
Date: May 6, 2022
BUDAPEST (Reuters) – Hungary cannot support the European Union’s new sanctions package, which includes an embargo on oil imports, in its present form, Prime Minister Viktor Orban said on Friday. Orban said the European Commission’s current proposal banning Russian oil imports would amount to an “atomic bomb” dropped on the Hungarian economy, adding that Hungary...
France’s Engie Wants Clear EU Guidelines on Russian Gas Payments
Date: May 5, 2022
By Dominique Vidalon and Tassilo Hummel (Reuters) -French utility Engie is still paying for Russian gas in euros, in line with its contracts, and hopes the European Commission will provide clear guidance soon as several companies face payment deadlines this month, its CEO said on Thursday. “We need clarity and we need rather detailed guidelines...
Germany’s EnBW Fully Prepared for Russian Coal Ban, CEO Says
Date: May 5, 2022
FRANKFURT (Reuters) – German utility EnBW, whose VNG unit is one of the country’s largest importers of Russian gas, is fully prepared for the ban on coal the European Union has imposed on Moscow following its invasion of Ukraine, its CEO said. “We already started broadening our procurement base for coal late last year. And...
EU Plan to Curb Foreign State-Backed Buyers Picks up Pace
Date: May 4, 2022
By Foo Yun Chee BRUSSELS (Reuters) – EU countries and lawmakers will on Thursday kick off discussions on a European Commission plan targeting foreign state-backed buyers of European companies amid fears of a Chinese buying spree. The 27-country bloc fears Chinese companies reinforced with state funding may acquire European firms whose share prices have been...