It’s Friday and we have this week’s top five stories ready for your weekend!
How should Europe respond to the American IRA?
Is the US Inflation Reduction Act (IRA) a milestone in the global fight against change or a major roadblock in Europe’s Transatlantic energy ties? Our Editor-in-Chief, Claudia Patricolo, looks into the impact of the controversial Act on Europe’s competitive edge, the EU’s state aid rules and prospects for future Chinese energy investments in Central and Eastern Europe. Read the full story here.
Can Ukraine still lead in renewable gases in post-war Europe?
Following the signing of the EU’s strategic partnership agreement with Ukraine on hydrogen and biomethane, I take a look at Ukraine’s emerging renewable gases industry after 12 months of war, its position in the competitive European landscape and unpack the key elements of the parameters of the Memorandum of Understanding signed by both sides as part of the new agreement. Read the full story here.
End-user prices drop further amid continued downward pattern on Natural Gas EU Dutch TTF
As prices on the Natural Gas EU Dutch TFF drop to numbers not seen since mid-2021, Poland’s ORLEN Group announced that it will reduce its gas tariff from 15 March. From 1 April, the company will also introduce a new method for determining its Gas for Business tariff, which will aim to reflect the prices of quotations with the European energy markets. Read the full story here.
European hydrogen valleys mark another important milestone
Despite the energy crisis waning down with the gas price drops (at least for now), the European Commission continues to accelerate its energy vision as part of the REPowerEU strategy. This week, the EU’s executive body signed a joint declaration with key hydrogen industry stakeholders on the future of Europe’s hydrogen valleys. Read the full story here.
US reaffirms energy cooperation with the Baltic countries
The US, similarly to the EU, continues to make its presence clear in shaping the region’s energy security. As part of these efforts, US Secretary of Energy, Jenniffer Granholm and energy ministers from the Baltic countries reiterated the importance of the Baltic synchronisation project as well as further cooperation on the transition to renewable energy. Read the full story here.
