Fosil Fuels
Natural Gas Markets Expected to Remain Tight Into 2023 as Russia Further Reduces Supplies to Europe
Russia’s continued curtailment of natural gas flows to Europe has pushed international prices to painful new highs, disrupted trade flows and led to acute fuel shortages in some emerging and developing economies, with the market tightness expected to continue well…
Support for Fossil Fuels Almost Doubled in 2021, Slowing Progress Toward International Climate Goals, According to New Analysis From OECD and IEA
Major economies sharply increased support for the production and consumption of coal, oil and natural gas, with many countries struggling to balance long standing pledges to phase out inefficient fossil fuel subsidies with efforts to protect households from surging energy…
EU plan to cut gas use by 15 per cent set to come into effect
An EU plan to cut gas consumption across the bloc by 15 per cent to cope with an energy price crisis spurred by Russia’s war in Ukraine comes into effect on Tuesday (9 August). The EU regulation enshrining the plan…
Global Coal Demand is Set to Return to its All-Time High in 2022
The world’s consumption of coal is set to rise slightly in 2022, taking it back to the record level it reached nearly a decade ago, according to an IEA report, which notes that significant uncertainty hangs over the outlook for…
Save Gas for a Safe Winter: Commission Proposes Gas Demand Reduction Plan to Prepare EU for Supply Cuts
The European Union faces the risk of further gas supply cuts from Russia, due to the Kremlin’s weaponisation of gas exports, with almost half of our Member States already affected by reduced deliveries. Taking action now can reduce both the…
SEEGAS Sets Out Possible Measures to Mitigate Gas Supply Risks in Case of Russian Gas Disruption
The Energy Community held its fourth South-East European Gas (SEEGAS) Joint Steering Committee meeting in Vienna on 30 June and 1 July. Participants agreed that the risks of a Russian gas supply disruption in the region can only be addressed…
The Netherlands, Germany Announce Joint North Sea Drilling Operation
The Netherlands and Germany will drill for gas in the North Sea together, with production expected to start in 2024, the Dutch government has announced. According to the Dutch government’s website, production will take place in the North Sea, about…