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New EU Sanctions on Russia to Target Sberbank, Commission Head Tells Paper
The European Union’s forthcoming sanctions on Russia will target banks, in particular Sberbank (SBER.MM), as well as oil, the head of the European Commission U…
Carbon Emissions
EU to Fund Bulgaria’s €6.3bn Recovery Plan
The European Commission has approved Bulgaria’s latest recovery and resilience plan, providing €6.3 billion in grants.
Coal Trade
EU Targets Russian Coal, Ships in New Sanctions
The EU is proposing the 5th round of sanctions against Moscow, which among others target coal imports from Russia, European Commission President Ursula von der …
Solar Power Panel
Enel to Create 3-GW Solar Factory in Italy with EU Backing
The renewables arm of Italian utility Enel SpA said Friday that its 3Sun solar panel factory in Catania, Sicily, will become a 3-GW-per-year facility after sign…
LNG
U.S. Agrees to Ramp Up LNG Exports to Europe, Actively Reduce Natural Gas Demand
The Biden administration and the European Commission launched a multi-pronged effort that will dramatically ramp up U.S. liquefied natural gas (LNG) exports to …
LNG
EU Strikes Gas Deal with the U.S. as It Seeks to Cut Its Reliance on Russia
U.S. President Joe Biden and European Commission President Ursula von der Leyen announced the formation of a joint task force to bolster energy security for Ukr…
Electric Vehicle Battery
EU Approves €95m Polish Aid for LG Chem’s EV Battery Plant Expansion
The European Commission has approved €95 million (£79.5m) of Polish aid for the expansion of LG Chem’s battery cell production facility for electric vehicles…
Nuclear Power Plant
Can Nuclear Generation Reduce European Reliance on Russian Gas?
Following Russia's invasion of Ukraine, the International Energy Agency and the European Commission have come up with plans to rapidly reduce the European Union…
Hydrogen Project
Hydrogen Should Be Included in European Gas Reserve Plans
For the first time at an industry conference, Jorgo Chatzimarkakis, CEO of Hydrogen Europe, just unveiled his proposal for the European Commission to include hy…
Energy Transition
The European Commissioner for Energy Backs Geothermal to Bolster EU Energy Security
The EU’s Commissioner for Energy, Kadri Simson, called on Europe to “harness geothermal energy’s potential.
Energy Transition
As EU Leaders Split on Russian Energy Sanctions, Commission Moots 5-year Plan
The European Commission is drawing up plans for the EU to stop importing Russian fossil fuels by 2027, as national leaders disagree on the pace of a pivot to ot…
Hydrogen Production
EU Draws out Plan to Increase Hydrogen Production to Replace Russian Fossil Fuels and Gas Dependency
The European Commission has revealed on March 8 a brand-new plan in which to phase out dependency on Russian gas and fossil fuels with hydrogen a key aspect of …
Natural Gas
EU Says Independence From Russian Gas Is Possible Within Years
The European Union could wean itself off Russian gas within years and start curbing its reliance within months, the European Commission’s climate policy chief …
Russian Federation
‘Everything Is on the Table,’ EU Chief Says of Russian Energy Sanctions as Ukraine Tensions Escalate
European Commission President Ursula von der Leyen has told CNBC that energy sanctions against Russia are still an option if the country invades Ukraine.
Nuclear Policy
European Commission Presents Text of Nuclear and Gas CDA
The European Commission has presented the final version of the Complementary Delegated Act of the EU Taxonomy Regulation covering certain gas and nuclear activi…
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