The theme of Europe’s energy security is a constant irritant in both EU–Russia relations and in relations among European elites. We should probably resign ourselves to the manipulative nature of discussions about European energy security, which are far from the real economic circumstances. With this manipulation in mind, we should focus on economic reality, which […]
European gas production will continue to fall, according to the latest forecasts from the International Energy Agency (IEA). By 2024, analysts expect European output, including Norway’s, to drop by as much as 48 billion cubic metres (bcm) to just 202 bcm. At the same time, the demand for natural gas will continue to grow. According […]
The environment was a crucial theme in Germany’s 2021 election campaign and predictably, the Greens want to make it central to the coalition agreement. What exactly the country’s new energy policy will look like, taking into account the country’s accelerated switch from coal power is however as yet unclear even to ministers themselves. It is […]
The conflict that flared up at the end of February between Russia and Ukraine has been a massive shock to the entire political landscape of the European Union. Its seismic waves are continuing to reverberate in all its economies’ markets and industries.
With the warmer months when gas storage facilities are usually filled for the next winter approaching, Europe is struggling to find ways to replace Russian gas with potential alternatives. Attention is naturally turning to Norway, the second largest gas supplier to the continent.
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 […]
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 […]
It is entirely mistaken to call the present situation a “European gas crisis.” Its significance goes far beyond simply the problems in regulating the gas market. What we are seeing is a full-scale energy crisis, which in fact has wider potential: all segments of European energy have structural problems. The gas power sector has simply […]
2021 has seen issues relating to the environment becoming a key topic throughout the world, perhaps even displacing coronavirus, which has been the dominant theme of the last two years. In the context of an unusually cold winter and a hot, dry summer, which brought disaster and destruction in their wake virtually everywhere in the […]
The environment was a crucial theme in Germany’s 2021 election campaign and predictably, the Greens want to make it central to the coalition agreement. What exactly the country’s new energy policy will look like, taking into account the country’s accelerated switch from coal power is however as yet unclear even to ministers themselves. It is […]
