Tag: Europe

Russia looks to boost European market share

Russia looks to boost European market share

Russian energy giant Gazprom is looking to increase its 35% market share in Europe, as demand for natural gas increases and competitors expect lower production. Elena Burmistrova, Director General of Gazprom Export, said further opportunities come following a decline in North Sea production and the planned shutdown of the Groningen, […]

German transition away from coal to cost taxpayers billions

German transition away from coal to cost taxpayers billions

The cost of Germany’s transition away from the use of coal could end up setting taxpayers back billions of euros each year over the next two decades. The country’s reliance on the cheap fuel is seen to be one of the reasons it is falling behind on its climate change […]

France to cut renewable growth

France to cut renewable growth

The French Government will drastically reduce the growth of its renewable spending in 2019, with the ecology ministry’s draft budget showing a 1.3% rise, which will effectively be flat after inflation. Total spending on renewable projects will equate to €7.3 billion and will mostly go towards wind and solar schemes. […]

Trump backs Polish energy security

Trump backs Polish energy security

In a bid to counter Russia’s energy dominance over Europe, US President Donald Trump has announced an energy security partnership with Poland which will be used to encourage diversity across the European market. During a press conference with his Polish counterpart, Andrzej Duda who is in Washington for his first […]

Coal saves German summer

Coal saves German summer

Despite an increase in the rate of installation of wind turbines and solar plants in Germany this year, coal has been forced to step in to meet electricity demand as the amount of power generated from renewable energy sources fell. Data from the Federal Network Agency for Power Generation has […]

US coal exports at record high under Trump

US coal exports at record high under Trump

Power stations around the world are set to consume record high levels of US coal exports this year, following an increase in global demand for the commodity. Guillaume Perret, founder of Perret Associates Ltd., forecasts a 58% hike in steam-coal shipments to 58 million metric tons in 2018, which he […]

US to boost LNG exports to Europe

US to boost LNG exports to Europe

US Energy Secretary Rick Perry has said the agreement between the US and Europe to work towards ‘zero tariffs’ is setting the scene for increased US exports of its liquefied natural gas (LNG) “It is a new day and I think a very bright day,” Perry said. “Our allies, they […]

Gas shortages spark concerns over coal phase out

Gas shortages spark concerns over coal phase out

Europe has set its ambitions to use more gas in its energy mix in place of coal, however it is too expensive making it unprofitable to generate electricity. Following the coldest winter in six years, gas stores in the UK were at their lowest level since 2012 with restrained pipeline […]