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Tag Archives: natural-gas

Challenges remain despite gas prices drop in Europe

Natural gas prices in Europe have tumbled to levels last seen before Russia sparked a global energy crisis by invading Ukraine Rome, Italy | Xinhua | Helped by mild winter weather and high storage, prices for natural gas in the European Union (EU) have now settled back to levels seen before …

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EU faces potential natural gas shortage in 2023: IEA

Brussels, Belgium | Xinhua | The European Union (EU) could face a shortfall of nearly 30 billion cubic meters (bcm) of natural gas in 2023, Fatih Birol, executive director of the International Energy Agency (IEA), said on Monday. He presented a report titled “How to avoid gas shortages in the European …

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Europe could risk gas shortage in 2023: IEA

Paris, France | Xinhua | Europe could face a shortage of as much as 30 billion cubic meters (bcm) of natural gas during the key summer period for refilling its gas storage sites in 2023, the International Energy Agency (IEA) warned on Thursday. “Europe needs to take immediate action to avoid …

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Putin offers additional gas supply to Europe

Moscow, Russia | Xinhua | Russia is ready to deliver additional volumes of natural gas to the European Union in the autumn-winter period, President Vladimir Putin said Wednesday. One of the two branches of the Nord Stream 2 pipeline has survived the recent leak incident and Russia is willing to send …

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It is early to say no to oil and gas: TotalEnergies

Kampala, Uganda | THE INDEPENDENT | Patrick Pouyanné, CEO of TotalEnergies says the current energy market disruptions have reinforced the necessity of dialogue on a global basis about the energy transition. Pouyanné in a statement said with the increased penetration of renewables globally, natural gas keeps a key role in the energy …

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Adopt cheaper, clean energy sources: MPs

Kampala, Uganda | THE INDEPENDENT | Parliament has questioned government’s continued investment in thermal energy as opposed to other cheaper and clean sources of energy. During the Tuesday, 09 August 2022 plenary sitting, Members of Parliament urged government to adopt sustainable renewable sources of energy which are environmentally friendly, efficient and less …

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EU member states agree to cut off 15 pct of their gas demand

Member states agreed to reduce their gas demand by 15 percent compared to their average consumption in the past five years Brussels, Belgium | Xinhua | European Union (EU) member states have reached a political agreement on a 15 percent voluntary reduction of natural gas demand from the average of 2017-2021, …

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Italy lowers fuel taxes to help tackle surging prices

Rome, Italy | Xinhua | Italy’s government on Monday adopted a decree that eliminates excise taxes on some forms of natural gas and methane to help tackle surging energy prices due to the Russia-Ukraine conflict. According to a statement from the office of Prime Minister Mario Draghi, excise taxes on gasoline, …

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