Energy

Coronavirus ‘accelerating closure’ of ageing fossil-fuelled power plants

This year will see the largest ever drop globally in both investment and consumer spending on energy as the coronavirus pandemic hits every major sector, according to the International Energy…

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Oil prices edge up slightly but remain below $40

Oil prices edged up slightly this morning, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected…

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Eight EU states make case for natural gas industry

Eight EU countries published a joint position paper to highlight the potential of natural gas in the European strategy towards a net-zero emissions policy. The document is signed by…

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World fuel demand falls

Countries around the world have reported steep falls in fuel demand as lockdowns to contain the spread of the novel coronavirus limit the movement of more than 4 billion people.…

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Global green energy growth to fall for first time in 20 years-IEA

Global growth in new renewable energy capacity will experience its first annual decline in 20 years this year amid the coronavirus pandemic but is expected to pick up next year,…

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Strong sectoral integration required for 100% renewable energy system in Europe

As many EU member states prepare to ease COVID-19 lockdown measures, the policy agenda is now focused on economic stimulus packages to keep European industries on track. SolarPower Europe and LUT…

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Occidental Petroleum to continue Anadarko’s investment in Algeria

Algeria has agreed to maintain Anadarko’s contract with state firm Sonatrach, and Occidental Petroleum Corp will continue investment in the OPEC member country, the energy ministry said. Algeria has blocked…

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Tesla applies to become UK electricity provider

Tesla has applied for a licence to generate electricity in the UK, documents show. The US company, known for its electric vehicles, also has operations in battery energy storage…

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42 Global Organizations Agree on Guiding Principles for Batteries to Power Sustainable Energy Transition

Batteries will be a major driver in reducing the carbon footprint of the transport and power sectors through the use of electric vehicles and renewable energy. To help companies and…

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Turkey and Russia to inaugurate TurkStream pipeline

The Russian and Turkish presidents, Vladimir Putin and Recep Tayyip Erdogan, are set to open the TurkStream pipeline on Wednesday. The meeting will take place in Istanbul to inaugurate the…

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Photo Story: EastMed natural gas pipeline agreement signed

Greek Prime Minister Kyriakos Mitsotakis (C), President of Cyprus Nicos Ananstasiadis (L) and Israeli Prime Minister Benjamin Netanyahu (R) join hands during a meeting prior to the signing of the…

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Israel, Greece and Cyprus set to seal €6bn gas pipeline deal

Israel, Greece and Cyprus are set to sign a trilateral agreement that will lay the groundwork for a planned gas pipeline connecting Israel’s offshore fields with Europe but which risks…

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Israel to sign major gas pipeline deal in Athens on Thursday

Israel will sign a historic deal that will allow for the construction of a subsea pipeline to send Israeli gas from the Eastern Mediterranean to Europe, Prime Minister Benjamin Netanyahu…

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Putin says Russia has vessel to build Nord Stream 2

President Vladimir Putin said Russia has a “pipe-laying vessel” to complete the construction of the Nord Stream 2 gas pipeline to Germany, Kommersant daily reported citing unnamed sources on…

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Trump signs off on sanctions against Nord Stream 2 pipeline

US sanctions targeting the Nord Stream 2 gas pipeline between Russia and Germany were signed into law on Friday evening after President Donald Trump signed off on a massive defense bill.…

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EU should drop oil, gas and coal funding, say ministers

The European Union should halt funding of oil, gas and coal projects, EU finance ministers said, potentially cutting €2bn of yearly investments. The finance ministers called upon the European Investment…

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Photo Story: Floating solar panels unveiled in Swiss Alps

Floating barges with solar panels are pictured on the Lac des Toules, an alpine reservoir lake, in Bourg-Saint-Pierre, Switzerland. Upon completion the floating solar panel station will consist of 36…

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US lifts ban on old-style light bulbs

The US is scrapping a ban on energy-inefficient light bulbs which was due to come in at the beginning of 2020. The rule would have prohibited the sale of bulbs…

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IEA warns oil demand growth so far in 2019 lowest since 2008

Mounting signs of an economic slowdown and a ramping up of the U.S.-China trade war have caused global oil demand to grow at its slowest pace since the financial crisis…

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Blockchain in the energy transition: hope or hype?

Deutsche Welle reports that the technology that made Bitcoin possible could solve key challenges of a renewables-based energy system. The race is on to radically change how to we consume…

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