Thursday, March 4, 2021

NOVATEK to increase LNG supplies to China

NOVATEK signed a long-term LNG Sales and Purchase Agreement with China's Shenergy Group for the LNG produced from the Arctic LNG 2 project.

Gas TSO of Ukraine supports new sanctions against Nord Stream 2

The Gas Transmission System Operator of Ukraine is backing the new round of sanctions announced by Washington against the Nord Stream 2 gas pipeline, a project which undermines transatlantic security.

Transgaz terminates legacy contract with Gazprom

Transgaz has reached an agreement with Gazprom to terminate a contract that was valid until the end of 2023 and that allowed Gazprom to use one of Transgaz’s transit pipelines to send gas to countries in Western Europe.

ENTSO-E: a special load situation on the day of the system separation in Continental Europe

According to the Interim Report published by ENTSO-E, the overall pan-European flow pattern on the afternoon of 8 January 2021 reflected a special load situation.

Too many barriers in CEE retail energy markets

As the decentralisation of the energy system continues, retail markets will play an increasingly important role in ensuring that consumers benefit from low prices, a wide choice of offers and the latest innovations.

Slovenia’s energy companies team up to generate electricity from geothermal sources in an innovative way

Dravske elektrarne Maribor, together with Petrol and Nafta Lendava signed a letter of intent for a pilot project that uses geothermal energy from abandoned gas/oil wells in Slovenia.

Romgaz to bid for ExxonMobil’s 50% stake in Black Sea in two months

Romanian Energy Minister Virgil Popescu announced that Romgaz will submit a bid to take over the 50% stake of US energy group ExxonMobil in the Black Sea natural gas project, Neptun Deep.

EU proposes new partnerships investing 10 billion euros for the green transition

The European Commission has proposed to set up 10 new European Partnerships to speed up the transition towards a green, climate-neutral and digital Europe.

A new partnership launched to improve energy efficiency for the benefit of Ukraine’s homeowners

Building back greener is already underway in Ukraine where more residents will soon reap savings on their energy bills as IFC, Ukraine's Energy Efficiency Fund and PrivatBank are partnering to boost energy efficiency in the residential housing sector.

New EU funds will help Romania achieve its energy-efficiency targets

The European Commission has approved, under EU State Aid rules, Romanian plans to support the upgrade of the district heating system of the municipality of Bucharest.

How organic production will look like in the near future

The European Commission has committed to a target of 25% of the EU’s agricultural land being under organic farming by 2030. What can we expect from the upcoming regulation on organic production?

EU launches Global Alliance on Circular Economy and Resource Efficiency

The EU, teaming up with UNEP and in coordination with the United Nations Industrial Development Organisation, launched the Global Alliance on Circular Economy and Resource Efficiency (GACERE).

IEA: CO2 emissions have rebounded strongly

According to the IEA, global energy-related CO2 emissions were 2% higher in December 2020 than in the same month a year earlier, driven by economic recovery and a lack of clean energy policies.

Poland’s energy developments to watch this year

Poland adopted the much-anticipated Energy Policy 2040 and whilst experts and energy commentators agree that the country is making important progress, there are still concerns about the pace of change.

MOL Group approves new strategy looking at sustainability and circular economy

MOL Group has approved 'MOL Group 2030+', an update of the company’s long-term strategy, fully integrated with a new sustainability strategy and a longer-term vision and ambitions beyond 2030.

Leading organisations launch first-of-its-kind open ecosystem of AI-based solutions for the energy industry

Shell, C3 AI, Baker Hughes and Microsoft announced the launch of the Open AI Energy Initiative (OAI), a first-of-its-kind open ecosystem of AI-based solutions for the energy and process industries.

Electricity system flexibility, energy storage, innovation: all key components of the energy transition

The electricity system is undergoing fundamental change and flexibility is increasingly central to these transformations. Summary of the Third Energy Innovation Forum, an exclusive workshop on innovation in the energy sector in the UK.

The future of storing hydrogen: the Fraunhofer Institute develops innovative product

Hydrogen-powered cars are already crossing the roads of the world, but in case of smaller vehicles, like e-scooters, the installation of a high-pressure tank to store hydrogen is impractical. The Fraunhofer Institute in Dresden has a solution.

Dentons advises two new transactions showing the attractiveness of the Polish RES market

Dentons advised two new transactions, one acquisition and one sale, regarding wind farms in Poland, another proof of the attractiveness of the Polish renewable energy market.

Croatia announces new 400 MW auction to stimulate the production of RES

Croatia's Ministry of Economy and Sustainable Development announced an auction for 400 megawatts of renewable energy sources, primarily large solar panels and wind farms.

Azerbaijan and bp to cooperate for large-scale decarbonised and integrated energy systems

Azerbaijan’s Ministry of Energy and bp signed an MoU for large-scale decarbonised and integrated energy and mobility systems, including renewable energy projects in the regions and cities of Azerbaijan.

Westinghouse Electric and Bulgaria’s Kozloduy NPP sign a VVER-1000 nuclear fuel licensing contract

Westinghouse Electric and Bulgaria’s Kozloduy NPP signed a VVER-1000 nuclear fuel licensing contract, a major step forward in the country’s energy supply diversification.

Bulgaria’s nuclear energy is key to achieve carbon neutrality by 2050

As Bulgaria joined the OECD Nuclear Energy Agency, Minister of Energy Temenuzhka Petkova reminded that achieving the EU carbon neutrality targets by 2050 is impossible without the development of nuclear energy.

Bulgaria joins the OECD Nuclear Energy Agency

Bulgaria became the newest member of the OECD Nuclear Energy Agency. Its membership will enrich the NEA’s work in areas such as nuclear safety and regulation, decommissioning and radioactive waste management.

OMV to build Austria’s largest electrolysis plant

OMV and Kommunalkredit Austria have announced a joint investment in the construction of Austria’s largest electrolysis plant in the OMV Schwechat Refinery which will produce up to 1,500 metric tons of green hydrogen a year.

Kadri Simson: the hydrogen potential of the CEE region

Kadri Simson highlighted that hydrogen is not just a new energy carrier, but the beginning of a revolution in the energy system and the CEE region as a lot of potential being home to the third-largest consumer of hydrogen in Europe: Poland.

NOVATEK and Baker Hughes join forces to reduce CO2 emissions

NOVATEK signed a Cooperation Agreement with Nuovo Pignone, the Italian arm of Baker Hughes, aimed at reducing CO2 emissions with a pilot program to introduce hydrogen blends into the main process for natural gas liquefaction.

Škoda Auto’s Czech manufacturing plants will soon rely entirely on renewables

From the second half of this decade, the energy required for the manufacture of vehicles and components at Škoda Auto’s Czech plants will come entirely from renewable sources.

In the Czech Republic you can recharge your car with solar energy

The first of its kind at E.ON: a public charger that uses solar energy. What makes it possible is a combination of a photovoltaic power plant, a battery storage facility and a public charging station for electric cars.

E-mobility challenges: part of the solution is in the coming together of the power and transport sectors

A report by EY and Euroelectric finds that part of the solution to overcome the e-mobility challenges is the progressive coming together of the power and transport sectors.
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What’s next for TSOs on the road towards a new power system – interview with MAVIR CEO András Biczók

András Biczók, CEO of the Hungarian Transmission System Operator MAVIR speaks about the different tasks and responsibilities of the TSOs in this fast-changing environemnt, the role of renewables in the electricity sector and what to expect from 2021.

Powering equality – Q&A with Mahdjouba Belaifa, Head, Gas Market Analysis Department of GECF

Mahdjouba Belaifa Head of the Gas Market Analysis Department of GECF shares her insights about the outlook for the gas industry and also how women can take an active role in shaping the future of this traditionally male-dominated sector.

Ukraine might not be ready for the energy transition

Danila Bochkarev, Associate researcher at UCLouvain writes about the role played by Ukraine’s GTS capacity in the mid-term future. However, funds are being spent on lobbying, while It would be more efficient for the country to focus on the energy transition.

Turning around Estonia’s oil shale region: first attract business, employment will follow

Anna Ebers Broughel, economist at Tetra Tech writes about Ida-Virumaa, a region in Eastern Estonia whose oil shale industry appears to be on an imminent and unstoppable decline. It is the time to seek realistic solutions and a way forward.

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