Politics

Czech Premier calls for bigger voice on EU’s energy policy

Czech Premier calls for bigger voice on EU’s energy policy

Czech Prime minister Andrej Babis has called for smaller members of the European Union to have a greater say on issues, including energy, migration and the bloc’s budget. During the ANO party congress, held in Prague, Babis said: “We want member states to have significant influence on Europe’s development, so […]

Gazprombank freezes PDVSA accounts

Gazprombank freezes PDVSA accounts

Russian lender Gazprombank has said it has frozen the accounts of Venezuelan state-owned energy giant PDVSA and ceased transactions with the firm, in a bid to avoid falling under US sanctions. Foreign companies have been reducing their exposure to PDVSA ever since the US first imposed restrictions, however the shift […]

US warns of buying Venezuelan oil

US warns of buying Venezuelan oil

US National Security Advisor John Bolton has warned countries and companies around the world not to buy Venezuelan oil after its announced it wanted to sell more oil to India. During a surprise visit to India, Venezuela’s oil minister Mauel Quevedo announced he wanted to sell a great volume of […]

No plans to create new Russia-OPEC alliance

No plans to create new Russia-OPEC alliance

The Kremlin stated on Tuesday there are no substantial ongoing talks with regards to forming an alliance between Russia and OPEC. In December Russian Energy Minister Alexander Novak said it was un likely that OPEC and other oil producers would establish a joint structure as a result of the increased […]

France back EU stance on Nord Stream 2

France back EU stance on Nord Stream 2

Efforts from Brussels to regulate the Russian led Nord Stream 2 gas project have been bolstered by support from the French for proposed EU energy rules on the pipeline, despite German opposition. Although the proposal does not have the leverage to stop the pipeline, it could restructure the operation and […]

German coal phase out could be delayed

German coal phase out could be delayed

Germany’s planned 2038 coal phase out could be delayed beyond its deadline if energy security issues arise, according to a senior legislator in Angela Merkel’s CDU. Last Saturday a commission proposed the phase out with the goal of mapping out Germany’s transition to a more environmentally friendly low carbon economy, […]

Britain, France and Germany create mechanism for Iranian trade

Britain, France and Germany create mechanism for Iranian trade

Britain, France and Germany have launched a European mechanism that allows the countries to trade with Iran, circumventing the US sanctions imposed on the Middle Eastern nation. America’s biggest European allies were strongly opposed to US President Donald Trump’s decision to abandon the 2015 Iranian nuclear deal, which saw sanctions […]

US Department of Energy invest $38 million in coal updates

US Department of Energy invest $38 million in coal updates

The US government has announced $38 million in funding to update existing coal plants to improve efficiency and responsiveness to electricity demands. Funds would be used to support technologies that are commercially deployable in the next three to five years to improve overall performance, reliability, and flexibility of the nation’s […]