Natural gas, electricity prices soar 30% on Nord Stream 1 shutdown
Gazprom said it would keep the Nord Stream 1 pipeline offline right after the G7 agreed to cap the price of Russian oil
Albania, Serbia sign memorandum to cooperate in energy, mining sectors
The memorandum of cooperation between the two countries was signed at a summit of the Open Balkan initiative in Belgrade
France offers citizens EUR 4,000 grants to switch from cars to bikes
France is offering incentives of up to EUR 4,000 to citizens who want to switch their cars for electric bicycles
Energy Community to adopt 2030 energy, climate targets in December
The adoption of the targets is essential to put the contracting parties on a path towards achieving climate neutrality
German firms reduce, halt production over high energy prices
The halting of production because of the high energy prices is seen by the German government as an alarming situation
Broad European coalition for 20 GW of offshore wind in Baltic Sea
The heads of government and energy ministers of eight countries bordering the Baltic Sea have pledged to increase the capacity of offshore wind farms seven times, to nearly 20 gigawatts (GW) by the end of the decade. At a summit in Copenhagen, the Baltic countries signed a declaration on the development of offshore wind and […]
Hungary to build Paks II nuclear power plant with Russia
Russian state-owned nuclear power company received the approval for the construction of two blocks at the Paks II nuclear power plant
EU governments preparing market reforms to decouple power prices from gas
Austria, Belgium, and Germany believe market reforms are inevitable to weaken the prevailing influence of gas costs on electricity prices