Approaching the end of another eventful week, we have prepared the best energy stories from the past few days.
How to end the energy crisis in CEE?
Whilst the sky-high global energy prices have – at least for now – passed, the issue of energy security remains at the top of the agenda for policymakers across Europe. Europe’s leading climate NGO coalition, Climate Action Network (CAN) provided its assessment of Europe’s current energy challenges. According to CAN, whilst short-term emergency interventions around energy prices have been a welcomed lifeline for many households – these lifelines came at a significant cost. Read the full story here.
Can hydrogen knit Europe together?
Looking at the tools that may prevent future energy crises and push the green transition – according to the independent research body, Rystad Energy, new hydrogen infrastructure is starting to materialise as the world seeks to accelerate its path to net zero, noted Rystad Energy. Globally, Europe is at the forefront. Read the full story here.
Croatia attracts new foreign investors for its geothermal energy
Staying on the topic of net-zero energy sources, Croatia’s geothermal potential seems to have been noticed by another major international player – following Cindrigo’s signing of a Framework Agreement with Kaishan Renewable Energy Development to jointly develop, finance, build and operate geothermal power plants. Read the full story here.
Ukraine’s Naftogaz ready for new gas storage clients
As Naftogaz’s campaign to attract foreign clients to its underground gas storage facilities continues, the Group’s Ukrtransgaz completed its certification under new EU gas storage regulations, following a green light from Ukraine’s energy regulator. Talks are currently underway with additional potential clients interested in the country’s gas storage. Read the full story here.
EU-US Energy Council notes positive commitments amid political tensions
Despite President Macron’s call for ‘reducing dependence’ on the US, Transatlantic cooperation in energy continues to note positive developments, following the tenth EU-US Energy Council last week. Among other areas, both sides stated their intention to continue to work together in fostering investments in the green transition and avoiding zero-sum competition. Read the full story here.