At COP 27 India, China, Brazil, South Africa oppose tax on cement and steel

The European Union has proposed a policy to tax products such as cement and steel, that are extremely carbon intensive, with effect from 2026. With the 27 th edition of the Conference of Parties (COP) in Sharm El Sheikh nearing its final stages and efforts being ramped up to arrive at a conclusive agreement, a

Europe seeks African supplies to replace Russian gas

European leaders have been paying a lot of attention to natural gas projects in Africa. The interest comes at a time when European officials are trying to find new energy resources because of reduced natural gas flows from Russia. A new liquefied natural gas (LNG) project off Africa’s western coast has received visits from the

First green hydrogen corridor in Europe

The Port of Rotterdam and Spanish oil and gas group Cepsa have signed a Memorandum of Understanding (MoU) to establish the first green hydrogen corridor between southern and northern Europe. The deal will ensure a green hydrogen supply chain between two of Europe’s main ports, Rotterdam and Algeciras. Cepsa plans to export hydrogen produced at

OPEC and Russia aim to raise oil prices with big supply cut

Saudi Arabia and Russia, acting as leaders of the OPEC Plus energy cartel, agreed to their first large production cut in more than two years in a bid to raise prices, countering efforts by the United States and Europe to choke off the enormous revenue that Moscow reaps from the sale of crude. President Biden

First Hydrogen forays into Europe

First Hydrogen announced it is advancing its European Union strategy with expansion in key European countries. This strategy is supported by the European Parliament’s decision to commit to ambitious binding renewable targets and simplify the regulatory framework, with green hydrogen at the center of this commitment. First Hydrogen currently has key personnel in Germany, Austria,

Public funding worth $5.2 billion approved in EU for hydrogen projects

The European Commission approved up to 5.2 billion euros (roughly $5.2 billion) in public funding for hydrogen projects, a move it said could unlock a further 7 billion euros of investments from the private sector. The executive arm of the EU said the bloc’s flagship project to support the research, deployment and construction of hydrogen

European cities to collaborate for clean energy

European cities have joined forces to find quicker ways of promoting clean energy and curbing fossil fuels, advancing climate goals made more urgent by Russia’s war in Ukraine. An EU-backed project is supporting the city’s efforts to replace former industrial centers with new structures and public spaces, introduce renewables and retrofit buildings. Cities are central

Europe’s first electromethanol hub set to be launched by 2025

Gothenburg Port Authority is collaborating with Stena Line, DFDS, Ørsted and Liquid Wind to establish Europe’s first electromethanol (e-fuels) hub with a planned launch date of 2025. Liquid Wind and Ørsted’s emethanol production facility FlagshipONE is in late-stage development and approaching a final investment decision. It will be the largest e-fuels facility in the world,

Uniper enters into LNG deal with Woodside trading unit

German utility Uniper SE signed a long-term deal with Woodside Energy Group Ltd. to bring in more cargoes of liquefied natural gas to energy-starved Europe. The deal between Uniper and Woodside equates to 1 billion cubic meters of gas per year. That’s about a month of Russian supplies through Nord Stream at the curtailed levels

Russia burns off millions of dollars in gas

Russia is burning an estimated $10 million worth of natural gas a day near its border with Finland, even as it threatens to push Europe into a winter energy crisis by restricting exports to Germany and other countries. According to analysis of heat levels and satellite data by Rystad Energy, State gas giant Gazprom is