Spot prices for gas in Europe reached a historical high on 21 December 2021, exceeding $2,000 per thousand cubic metres of gas for the first time. By the end of January 2022, the price of gas had experienced a double downward correction. The situation in the European gas market remains complex however. According to Emily […]
Monthly Archive: February 2022
The situation in the European energy market is extremely complex and multi-layered in nature. On the one hand, there is a politically motivated battle to oust Russian energy resources and thrust politically motivated conditions for supplying hydrocarbons on Russian companies. On the other, the United States seems to have set itself the goal of developing […]
The situation that has developed around Nord Stream 2 in recent months has become so confused that one almost wonders whether the pipeline exists at all. European politicians mention the project so often though, that one would think it had been operating and pumping billions of cubic metres a year to the European Union for […]
The European Union’s new Arctic strategy, published in October 2021, contains the statement that “the EU is committed to ensuring that oil, coal and gas stay in the ground, including in Arctic regions.” In order to achieve this goal, Brussels intends to secure the introduction of a ban on developing new oil, gas and coal […]
This winter, soaring energy prices have aggravated the economic burden for European businesses and residential customers alike. While solar and wind plants are falling short of satisfying energy needs, another factor has proved to be a shortage of reserves of natural gas and other fuels. Hydrogen could become an alternative major source of green power. […]
Groningen is one of the largest gas fields in the world, and was a source of prosperity for the Netherlands for over half a century. For several years now, however, it has been nothing but a serious headache for the Dutch government. Coronavirus and failures in energy transformation could hinder the field’s decommissioning. Why the […]