(Oil Price) – Germany moved to reduce the capacity it will auction in its offshore wind tender in 2026, following the flop in the latest auction without a single bid made. The German Parliament approved legislation narrowing the capacity in the 2026 tender to just 2.5 gigawatts (GW) to 5 GW, compared with an earlier plan of auctioning off 6 GW of offshore
(Oil Price)– The EU summit this week is debating how to bridge the divide within the bloc regarding interim 2040 emission-reduction targets as the European Union insists on becoming a net-zero area by 2050. The EU member states remain divided over the proposal of the European Commission to officially endorse setting a 2040 climate target to reduce the EU’s net greenhouse gas
(BOE Report)– Canada is signing a critical minerals partnership with Germany that encourages the joint public financing of natural resources projects. Prime Minister Mark Carney says for too long, key Canadian minerals such as nickel and cobalt have gone underdeveloped while China and Russia dominate the global critical minerals market. Carney says the two countries also aim to closely co-operate
(World Oil)– Germany has given the green light for drilling as much as 13 billion cubic meters (Bbcm) of natural gas at a protected marine site in the North Sea in a controversial step to bolster energy security. The cabinet approved a bilateral agreement with the Netherlands on hydrocarbon deposits off the island of Borkum, according to a statement from
(Oil Price) – The plans of many EU countries to boost nuclear power capacities will need an investment of as much as $278 billion (241 billion euros), according to estimates by the European Commission. Many EU countries have drafted plans to increase nuclear power capacity or even return to nuclear energy after decades of no nuclear generation, as they look to
Oil Price The federal government of Canada is not interested in investing in any LNG projects or subsidizing such plans, Energy and Natural Resources Minister Jonathan Wilkinson told CTV in an interview aired on Sunday. The Canadian government doesn’t plan to subsidize the electrification of ongoing LNG projects, the federal minister of energy added. “The government is opposed to using government money
Oil Price Crude oil from Kazakhstan started flowing via the Russian pipeline network to Poland for further delivery to Germany, Russian pipeline monopoly operator Transneft said on Monday. Kazakh crude oil began flowing to Germany via transit through Poland, Transneft’s representative Igor Demin told Russian news agency TASS. This weekend, Kazakhstan’s oil pipeline operator KazTransOil delivered 20,000 tons of Kazakhstani oil
World Oil (WO) — TotalEnergies announces the start-up of the Deutsche Ostsee LNG import terminal for liquefied natural gas (LNG). Operated by Deutsche ReGas in Lubmin on the German Baltic Sea coast, the site’s official inauguration will take place on Jan. 13, attended by German Federal Chancellor Olaf Scholz. This project, to which TotalEnergies is contributing a floating storage and
US News BERLIN/FRANKFURT -Germany triggered an emergency plan to manage gas supplies on Wednesday that could see Europe’s largest economy ration power if a standoff over a Russian demand to pay for fuel with roubles disrupts or halts supplies. Moscow’s insistence on rouble payments for the Russian gas that meets a third of Europe’s annual energy needs has galvanised others
Reuters Germany could replace around half of its natural gas imports from Russia this year in the event of a delivery stoppage, utility industry association BDEW said on Friday The group that represents 1,900 operators in gas, power and water supply said that according to its sources, Russia’s share of Germany’s gas supply in Jan-March, which is not officially published,
Nasdaq BERLIN, Feb 23 – Germany’s decision to halt the certification of Nord Stream 2 has raised questions about the future of the $11 billion, 1,230-km gas pipeline under the Baltic Sea and the prospect of compensation lawsuits by its Russian owner Gazprom GAZP.MM. Here is what to expect next regarding Europe’s most divisive energy project: IS NORD STREAM 2
Yahoo Finance BERLIN – Germany on Tuesday halted the Nord Stream 2 Baltic Sea gas pipeline project, designed to double the flow of Russian gas direct to Germany, after Russia formally recognised two breakaway regions in eastern Ukraine. Source: Reuters Europe’s most divisive energy project, worth $11 billion, was finished in September, but has stood idle pending certification by Germany
