Category archives for Europe

Increased natural gas production in Norway to compensate Europe for Russian supplies Oil is down about 3%.

  • 23 June, 2022
  • 2:03 pm EEST

Norway has boosted its production of natural gas at the expense of crude oil, in an effort to secure alternative supplies to compensate European countries for Russian gas, which meets nearly half of the old continent's needs. Europe is the…

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Russia’s fossil fuel exports to Europe feed Moscow’s coffers with $64 billion

  • 09 June, 2022
  • 3:59 pm EEST

Moscow continues to make solid gains from selling Russian fossil fuels to the European Union, despite sanctions and lower imports. The European Union's imports of Russian energy have reached 60 billion euros ($64.4 billion) since Russia launched its war on…

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Green hydrogen agreements support Indian-European cooperation ahead of COP27 and a new agreement with Canada

  • 07 June, 2022
  • 3:24 pm EEST

India is increasing cooperation in the fields of green hydrogen and clean energy with European Union and North American countries, in proactive steps for the United Nations Climate Change Summit COP27 to be held in Sharm El-Sheikh, Egypt, next November.…

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Russian coal ban threatens to raise electricity prices in Europe Russia could lose revenue of nearly $4.4 billion

  • 08 April, 2022
  • 5:42 pm EEST

Although Europe's decision to ban Russian coal will affect a major source of Moscow's revenue, it risks soaring electricity prices on the old continent, amid tight global supplies. The European Union on Friday formally adopted the fifth package of sanctions…

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Gas prices in Europe jump to new highs For the fourth day in a row

  • 07 March, 2022
  • 3:44 pm EET

Once again, gas prices in Europe jumped to new records; Where the price on the European stock exchanges broke records for the fourth consecutive day; Exceeding $3,600 per 1,000 cubic metres. The price of gas has risen more than 67%…

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