The war in Iran almost immediately triggered a reaction in the global energy market. A 58% increase in the price of Brent crude oil within 9 days illustrates the intensity of these changes—and this is just one of many alarming…
The threat of Iran closing the Strait of Hormuz triggered a sharp reaction from markets and politicians. At the same time, environmental organizations are warning that this is yet another example of how the world’s dependence on fossil fuels generates…
Romanian energy giant Hidroelectrica has announced a comprehensive plan to install energy storage systems across all its run-of-river hydroelectric plants. The project aims to increase the flexibility of the national power system and enable the shifting of excess energy from…
During a debate in the European Parliament on the war in Ukraine, European Commission President Ursula von der Leyen announced firm actions aimed at ending the import of Russian gas to the European Union—both via pipelines and as liquefied natural…
China Plans to Revolutionize Energy with Massive Solar Power Satellite China plans to revolutionize energy production with the construction of a massive orbital solar power station, a project comparable in scale to the Three Gorges Dam on the Yangtze River.…
According to the plan, on February 8, 2025, Lithuania, Latvia, and Estonia will disconnect from the BRELL system, and the following day their grids will be synchronized with the European power system. The entire process will be one of the…
The Chinese Ministry of Finance has announced the imposition of 15% tariffs on imports of coal and liquefied natural gas (LNG) from the United States. This is a retaliatory measure against Washington’s introduction of 10% tariffs on Chinese goods. The…
Russian energy giant Gazprom announced the suspension of gas exports to Europe via Ukraine from 8:00 AM Moscow time (6:00 AM Polish time) on Wednesday, January 1, 2025. The decision comes after the expiration of a five-year transit agreement between…
Metafuels AG, a Swiss aviation technology company, has partnered with European Energy to construct a synthetic sustainable aviation fuel (eSAF) plant near Padborg, southern Denmark. This new plant will be situated near European Energy’s Power-to-X plant. The aviation sector requires…
The Council of the European Union has approved a new rule to track and reduce methane emissions in the energy sector. This rule requires measuring, reporting, and verifying methane emissions. The Council stated that global monitoring tools will ensure transparency…