EU may face energy market split
The European Union is seeking ways to reduce natural-gas demand to avoid splintering energy markets as dwindling supplies from Russia test the bloc’s unity
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Embargo on Russian energy is a hasty decision, Polish MP says
The Polish government made a hasty decision by announcing a total embargo on the import of Russian coal, MP from the Civic Coalition Paweł Poncyljusz said. According to him, the sudden reduction in supply will cause problems for private …
Germany to bring back coal stations if Russia cuts gas
Germany plans to bring back coal- and oil-fired power plants should Russia cut off natural gas shipments to Europe’s largest economy
Beijing increases imports from Russia sharply
China has spent more than $6 billion on Russian energy products, increasing purchases by 75% compared to last year's level, Bloomberg reports. It is noted that the total volume of liquefied natural gas supplies in China has …
Scholz: Germany needs full transition period to ban Russian coal
Germany will need to use the full four-month phase-out period to implement a ban on Russian coal under European Union sanctions, Chancellor Olaf Scholz said. The EU's ambassadors agreed a fifth sanctions package on Russia, including …
Poland to ban coal imports from Russia
The Polish government has decided to ban imports of coal from Russia, Peter Muller, the press secretary of the government of the republic, told a briefing on Tuesday. According to him, Poland can no longer wait for a decision from the …
Turkey to convert coal to solar energy
Coal mines can host enough solar panels to power 7M Turkish homes
Who is facing the energy crisis?
Under the pressure of global climate change, the world’s energy sector has begun a large-scale energy transition. As conventional energy sources are becoming “obsolete” and “dirty”, financial institutions …
Commerzbank senior economist: there is no gas to substitute Russian deliveries
Europe's gas reserves are at their lowest in years just as peak winter demand hits
Unstable Kazakhstan a big risk for energy markets
Protests that broke out in Kazakhstan, the world's biggest uranium exporter and the top oil and coal producers, unnerved energy markets, …
EU wants to exit out of coal through intermediary phase using gas
The EU’s vice-president and top climate official, Frans Timmermans, said Thursday that rich countries “need to make sure we actually do what was promised on the $100 billion” — a sum they pledged to give poor nations each …
Debris from clean energy is causing huge environmental damage
Most of the worlds continuous uninterruptable electricity generation is by coal, natural gas, hydropower, and nuclear. The primary usage of crude oil is for the manufacture of derivatives for thousands of products and fuels for transportation …
China starts heating season. Demand for gas and coal grows due to cold weather
Northern China is seeing an early start to the winter heating season due to falling temperatures, which will boost demand for coal, natural gas and electricity sooner-than-expected and is bullish for fuel prices at a time when global supply remains tight, according to market participants and traders
Worldwide energy shortage shows up in surging coal, gas and oil prices
Record gas and electricity prices in Europe, record coal prices in China, multiyear-high gas prices in the United States and oil prices well above their real long-term average are all manifestations of the same global energy …
EIA calls time on fossil fuel era
The International Energy Agency (IEA) published a report sketching out a ‘net-zero-by-2050 scenario’ it deems still attainable, Modern Diplomacy writes. Clearly, this and similar proposal will not lead to any true change as long as growth relies on depletable resources
Eurasia Group: China's shift from coal to gas raised price of blue fuel by 1,000%
China’s shift from coal to gas is a “big overlooked factor” in record high natural gas prices, according to political risk consultancy Eurasia Group. Henning Gloystein, director of energy, climate and resources at Eurasia said millions of households in China were estimated to have moved from coal to natural gas for heating their homes in 2020. The majority of those transitions happened in the last quarter of the year, just before winter arrived, he told CNBC’s “Squawk Box Asia” on Monday
Is Big Oil Doomed To Repeat The Coal Industry's Mistakes?
Until this year, alarmists proclaiming the end of oil were often dismissed as crackpots or overly optimistic environmentalists
Russia eyes big plans for coal production and exports
It plans to start more active development of its railway and port infrastructure
Poland’s state companies refuses to buy Russian coal
Poland’s state companies will no longer buy coal in Russia, State Asset Minister Jacek Sasin said. "I can say that I have completed negotiations with the executives of state companies on the issue and they …
Gulf between China and other countries on track to widen
PRC's appetite for coal power returns despite climate pledge
