European Union

Russia Retaliates Against Countries Imposing Oil Price Cap, Bans Exports Starting in February

Russia Retaliates Against Countries Imposing Oil Price Cap, Bans Exports Starting in February

Oil exports from Russia are to be banned beginning Feb. 1 to any country that agreed to cap prices, according to a decree signed Tuesday by President Vladimir Putin. The ban would continue for five months. “Deliveries of Russian oil and oil products to foreign entities and individuals are banned, on the condition that in…

December 28, 2022

EU Agrees to Tax Carbon-Intensive Imports – The Offtake

The European Union has reached a preliminary agreement on a landmark plan to tax imports of carbon-intensive goods like aluminum, cement, electricity, fertilizers and hydrogen. It does not include commodities like natural gas.

December 13, 2022
How Is Post-Brexit Europe Building Natural Gas Alliances for Energy Security? Listen Now to NGI’s Hub & Flow

How Is Post-Brexit Europe Building Natural Gas Alliances for Energy Security? Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow, which delves into how Europe is working to fill the gap in natural gas supply ahead of winter. NGI’s Associate Editor Jacob Dick and Senior Energy Analyst Shaylon Stolk discuss how the post-Brexit European Union is building international alliances to meet its…

December 5, 2022
EU Ministers Fail to Agree on Natural Gas Price Cap Proposal, Further Revisions Likely

EU Ministers Fail to Agree on Natural Gas Price Cap Proposal, Further Revisions Likely

European Union (EU) energy ministers failed to reach an agreement on a proposal to cap natural gas prices in Europe at a meeting in Brussels last week. The European Commission (EC) proposed the cap. The EU’s executive branch said it would help the continent cope with rising energy prices inflicted by Russia’s move to cut…

November 28, 2022
EU Leaders Place Price Caps on Natural Gas, Design New LNG Benchmark

EU Leaders Place Price Caps on Natural Gas, Design New LNG Benchmark

European natural gas prices continued to dip after the 27 European Union (EU) leaders agreed to a “roadmap” of emergency measures, including capping prices on gas sales, to help meet Europe’s energy crisis. Following many hours of negotiations, agreement was reached on several measures, including a proposal for a temporary price limit on gas transactions…

October 24, 2022
IEA Adds Another Warning to World About Europe’s Long-Term Natural Gas Supply Woes

IEA Adds Another Warning to World About Europe’s Long-Term Natural Gas Supply Woes

Moderating prices and favorable storage data do not tell the whole story of Europe’s natural gas status heading into winter, International Energy Agency (EIA) Executive Director Fatih Birol said, citing Russia and fallout from its protracted war in Ukraine. Following recent meetings with European leaders – including Czech Prime Minister Petr Fiala, Finnish Prime Minister…

October 20, 2022
EU Countries Ponder Natural Gas Price Cap Despite Confusion

EU Countries Ponder Natural Gas Price Cap Despite Confusion

European Union (EU) energy ministers will likely weigh proposals for natural gas price caps and other protective measures after weeks of questions from members, but researchers expect a consensus will be hard fought. Leaders from the 27 EU member countries are expected to meet Thursday and Friday to possibly implement a price cap on gas,…

October 17, 2022
European Demand for Russian Natural Gas, Oil Continues to Drive Revenues

European Demand for Russian Natural Gas, Oil Continues to Drive Revenues

Despite a massive throttling of pipeline natural gas to Europe after Russia’s February invasion of Ukraine, European Union (EU) members in September still led the world in Russian oil and natural gas imports, according to a new report. Since the beginning of the conflict in Ukraine, EU members have imported around $97 billion in Russian…

October 12, 2022
API: European LNG Demand, Role of U.S. Natural Gas Outpaces Previous Estimates

API: European LNG Demand, Role of U.S. Natural Gas Outpaces Previous Estimates

The European Union has made significant progress to replace Russian natural gas, but an abrupt stop to pipeline flows could mean future U.S. LNG projects will be the key to rebalancing energy markets on the continent, industry groups highlighted in a new analysis. In a new report by Rystad Energy AS, conducted for the American…

September 26, 2022
Europe’s Sustainable Label for Natural Gas, Nuclear Under Fire

Europe’s Sustainable Label for Natural Gas, Nuclear Under Fire

More than a dozen non-governmental (NGO) and environmental organizations are challenging the European Union’s (EU) decision to label natural gas and nuclear as sustainable investments under a law adopted in July. The EU taxonomy under the Climate Delegated Act (CDA)  is a classification system established to clarify which investments are considered sustainable. The groups opposing…

September 26, 2022
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