From the US, to Qatar, passing through Russia, the third Budapest Energy Summit gathered the leaders of the energy industry to review how the sector has coped so far with the challenges of the fast-moving coronavirus situation and adjusted to the new normal.
Gazprom announced that the issue of repaying the debt owed by Belarusian consumers for Russian gas supplies had been completely settled. Therefore, negotiations can be launched to discuss the conditions of gas supplies for 2021.
On the road to making Europe climate neutral – interview with European Commissioner for Energy Kadri Simson
European Commissioner for Energy Kadri Simson speaks about the strategies adopted by the EU and the role played by alternative fuels and renewables to increase countries’ energy diversification while decreasing their energy dependence.
The FSRU vessel 'LNG CROATIA' has left Viktor Lenac shipyard and has departed for Spain. The arrival of the vessel at the location of the terminal is expected early December in order for the terminal to start commercial operations on January.
Europe’s top renewable energy organisations launched the Renewable Hydrogen Coalition to position Europe as the world leader in renewable hydrogen, produced via electrolysis and based on 100% renewable electricity.
Energy think tank Ember has modelled a pathway to a coal-free Czechia by 2030. There is a feasible route, the lowest cost one being a strong focus on wind and solar, without replacing coal generation with fossil gas.
After initial success, we haven’t seen much of Chinese energy investments in CEE. Some fear its political influence, plus China is one of the biggest polluters, not in line anymore with the EU climate targets.
CEE: a very exciting region that may provide global leadership – interview with NEA Director-General William D. Magwood
William D. Magwood IV, Director-General of the OECD Nuclear Energy Agency (NEA) speaks about the importance of nuclear to reach carbon neutrality by 2050 and the CEE region as one of the most exciting regions in the world.
Hungary calls for climate convergence – interview with State Secretary for Energy and Climate Péter Kaderják
Péter Kaderják, Secretary of State for Energy and Climate Policy at the Hungarian Ministry for Innovation and Technology speaks about the country’s future energy mix and the social aspect of the energy transition.
Coca-Cola HB has been again rated as Europe’s most sustainable beverage company. With its 2025 sustainability commitments, the company aims to address key global challenges such as single-use plastic and packaging waste, inequality, climate change and so on.
Innogy has signed an agreement with the Ministry of Industry and Trade to improve the country’s energy efficiency and introduce energy-saving measures. Thus, the country is aligning with the EU Directive that obliges countries to save 0.8% of their yearly energy consumption by 2030.
Not only one book, but a hundred efficient solutions to stop the climate catastrophe. The New York Times bestseller edited by Paul Hawken, Drawdown, offers many ways to save our planet. And avoiding food waste is only one of them.
In spite of an expected gradual recovery in 2021, the COVID-19 crisis will have long-lasting impacts on natural gas markets. Market players have to adjust their strategies to a highly volatile environment and the repercussions of the pandemic could trigger fundamental changes.
Poland has adopted the Offshore Wind Act. A historic day for a country that as of today has no offshore wind capacity installed. The first wind farms will appear in 2024 and in 20 years from 8 to 11 GW of offshore wind power capacity will be installed.