Biden may promise more LNG to EU but US lacks spare capacity
The US president is expected to commit to extra volumes of LNG for Europe even though the global market is tied up in long-term contracts
EU sanctions against Russia threaten Serbia’s oil supply; gas deliveries secured
The European Union adopted the fourth package of sanctions against Russia due to its military intervention in Ukraine
EU’s push for Persian Gulf LNG set to worsen energy price inflation
The EU wants to replace Russian gas fast, adding upward pressure on prices. Germany is in talks with Qatar for LNG, but so are Asian countries.
Romania caps electricity, gas prices for another 12 months
The Romanian government expects the measures to apply for 8 million electricity consumers and all gas consumers.
Low water levels paralyze hydropower plants in Albania
Albania extended a national holiday for a day as hydropower plants are struggling with a drought and power demand surpassed production
Turkey to grant 40% to farmers for solar power systems – report
The Turkish government will launch a support scheme for farmers who want to install solar power plants, according to a local media report
Europe switching on coal plants amid energy crisis
The European Union is pushing to eliminate domestic demand for Russian fossil fuels, but it implies a reversal in coal plant shutdown plans
Price of EU’s plan to cut dependence on Russian gas
In the light of the energy transition, it could be a great push for renewables, but also a step back due to the expected increase in the use of coal power plants
