In order to protect the climate, Germany is entirely abandoning nuclear energy by 2022 and then, by 2038, coal-fired energy. Berlin regards hydrogen and all that is connected to it as a central element of the decarbonization process. A strategy reflecting this was approved and adopted by Chancellor Angela Merkel’s government last year. Energy Brief […]
Monthly Archive: April 2021
German politicians’ faint hopes that the administration of new US president Joe Biden would replace wrath with favour have been dashed by an icy Transatlantic reality. Washington continues to take an intransigent stance and threaten European participants in the project with sanctions. But Berlin is still trying to withstand the pressure and save face, by […]
Lithuania’s energy ministry is making desperate attempts to free itself from the shackles of a contract it signed with Norwegian concern Equinor (formerly Statoil), which is disadvantageous in the extreme for Vilnius. The contract stipulates that Equinor will supply of four shipments per year of liquefied natural gas (LNG) at a price significantly exceeding the […]
2020 was a bad year for most businesses, and for offshore gas projects in Romania especially. Almost a year and a half after Exxon Mobil announced its intention to sell its 50% share in the Neptun Deep offshore project on Romania’s Black Sea shelf, a buyer has yet to be found. And despite the government’s […]
The question of guaranteeing Europe’s energy security through commercially profitable projects is a cornerstone to understanding the future configuration of the global energy market. This situation is creating new interest in even those energy programmes that cannot be viewed as economically sound. This in fact demonstrates that the global economy is preparing to emerge from […]
The Polish geopolitical “Intermarium” project, known as the Three Seas Initiative (TSI) has been on the agenda for five years now and continues to periodically create powerful surges of information. However, Warsaw’s political – or rather propaganda – successes are proving to be substantially more modest than its economic ones. The dialogue that took place […]