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HomeWeekly Top 5Top 5 stories of the week: 17-23 February

Top 5 stories of the week: 17-23 February

It’s Friday and we have the top five stories from this week ready for the weekend!

Gaps and roadblocks in decarbonising the region’s transport sector

Many countries in Central and Eastern Europe lag behind fellow EU members in decarbonising their transport sector, which is becoming more noticeable as the EU adopts new regulations to decarbonise the bloc’s second biggest sector in terms of carbon emissions. Experts from the International Sustainable Finance Centre, a non-profit organisation in the Czech Republic, outline their recommendations for overcoming this growing regional setback. Read the full story here.

US interest in Bulgaria’s underground gas storage investments

It seems that President Biden’s security commitments are accompanied by greater US investment interest in the region’s energy landscape. Leading US financial institutions such as the DFC, EXIM Bank, the export credit agency of the United States and MIGA have shown interest in funding the expansion of the underground gas storage facility in Bulgaria, following a recent meeting with Bulgartransgaz’s Executive Director. Read the full story here.

US foreign investment appetite grows in Greece

It appears that Bulgaria’s southern neighbour, Greece, may have also found itself on the American investment radar, following the US Secretary of State’s recent visit to the southeastern European country, aspiring to become the region’s energy hub. The US “welcomed” Greece’s progress on key energy security projects including the Interconnector Greece-Bulgaria, the North Macedonia–Greece Interconnector and the Floating Storage Regasification Unit in Alexandroupolis. Read the full story here.

Ukraine takes steps to reshape its legislative landscape following pressure from the RES industry

Following an open letter from Ukraine’s renewable energy industry to the country’s policymakers, the Ukrainian parliament registered two new draft acts related to the RES regulatory framework which were approved by the Ukrainian Cabinet of Ministers. As the Director of the Ukrainian Energy Agency told CEENERGYNEWS, this new development will have a positive impact on the country’s investment landscape. Perhaps, the American investment appetite may soon extend to Ukraine. Read the full story here.

Are CEE Ministers ready to face fresh global LNG supply issues amid China’s economic rebound?

Energy ministers from around 40 countries – including Romania, Ukraine, Croatia and Latvia – took part in a ministerial meeting on Gas Markets and Supply Security, under the auspices of the International Energy Agency. The Ministers discussed additional ways to cooperate on limiting the impacts of the energy crisis – amid fresh LNG supply capacity concerns – and proposed measures to address the global impacts of the energy crisis in support of the most affected countries. Read the full story here.

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