CDE News

Trafigura warns of power outages in Europe this winter

Europe is at risk of power outages this winter due to insufficient gas reserves and over the long-term, oil could rise above $100 a barrel, the chief executive of commodity…

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Russia keeps Europe waiting on new gas supplies

Russia's Gazprom declined to book extra capacity to ship more gas to Europe from January at auctions on Tuesday, a step that would have helped ease prices in a market…

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European gas prices will be high this winter, Equinor CEO says

Equinor, Europe's second-largest gas supplier after Gazprom, expects high gas prices this winter due to very low gas inventories in Britain and the European Union, Equinor Chief Executive Anders Opedal…

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Spain calls for EU gas auctions, power price flexibility

pain has suggested that the European Union set up a system to jointly secure gas by auctioning contracts that give countries the option to buy the fuel when prices rise sharply or supply…

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Oil prices edge towards new highs on short supply

Oil prices edged towards new multi-year highs on Tuesday, supported by a global supply shortage and strong demand in the United States, the world's biggest consumer. Brent crude was flat at…

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French families grapple with high electricity prices

Jacques Kadio has already cut his grocery bill, refuels his car less and turns the heating off when his children are at school, but still the spiralling cost of electricity…

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Divergences evident among EU countries on response to energy price spike

Divisions deepened among European Union countries ahead of an emergency meeting of ministers on Tuesday on the bloc's response to a spike in energy prices, with some countries seeking a regulatory overhaul and…

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Norway to boost financial support for most vulnerable amid power price spike

OSLO, Oct 22 (Reuters) - Norway's new centre-left government on Friday proposed a one-off payment of up to 3,070 crowns ($369) for people receiving housing support in southern Norway to…

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UPDATE: Moldovan government to ask parliament to back emergency energy measures

Moldova's government, unable to agree on a new energy deal with Russia's Gazprom, will ask parliament on Friday to approve a state of emergency to try to ease gas shortages,…

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UPDATED: ‘Utopian fantasy’: Hungary’s Orban dismisses EU climate policy plans

BRUSSELS, Oct 21 (Reuters) - Hungarian Prime Minister Viktor Orban on Thursday dismissed European Union plans to tackle climate change as a "utopian fantasy", and suggested green measures were pushing…

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Power squeeze curbs Chinese growth, leaves Europe in a gas bind

China's power shortages hit growth in the world's second biggest economy, threatening more pain for global supply chains, while Europe's gas squeeze looked set to continue as Russia's Gazprom showed no sign of hiking…

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France eyes petrol vouchers to ease energy price squeeze

PARIS (Reuters) - French ministers floated the possibility of petrol vouchers for low-income households on Monday, as President Emmanuel Macron's government seeks to limit the damage from surging energy prices…

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How is the EU responding to record-high energy prices?

The European Commission published a "toolbox" of measures this week to tackle surging energy prices, which have curtailed industrial production and left European consumers facing higher heating bills as winter…

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Energy crisis could threaten global economic recovery, says IEA

A global energy crunch is expected to boost oil demand by half a million barrels per day (bpd) and could stoke inflation and slow the world's recovery from the COVID-19…

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Putin says Russia will supply more gas if Europe asks

President Vladimir Putin said on Wednesday that Russia was ready to provide more gas to Europe if requested, emphatically rejecting the suggestion that Moscow was squeezing supplies for political motives.…

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Gas reserves, subsidies and tax cuts: EU’s tools to combat energy price spike

The European Commission outlined measures on Wednesday the EU could use to combat surging energy prices, and said it would explore joint gas purchasing among countries as a way to…

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EU to study joint natural gas buying to protect against price surges

The European Union will look into an option for member states to jointly buy natural gas as the bloc considers ways to protect itself against surging energy prices, according to a draft document…

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UPDATE – Crude oil price jumps on global energy crunch

LONDON, Oct 11 (Reuters) - Oil prices rose more than 2% on Monday, extending gains as an energy crisis gripping major economies shows no sign of easing amid a pick…

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Lebanon restores power supply after complete halt

DUBAI Oct 10 (Reuters) - Lebanon's power supplies were back to normal on Sunday after a blackout the previous day when the country's two biggest power stations shut down because…

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Britain’s National Grid warns of tight winter electricity supply

Britain faces tight electricity supplies this winter on rising demand and capacity constraints, National Grid said in a report on Thursday, though a top official said he was confident it…

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Energy costs: MEPs debate measures to limit impact of price rises

With gas prices surging, and concerns over the impact on consumers and businesses, MEPs, the Council and the Commission debated how to address the crisis. Energy Commissioner Kadri Simson said…

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EU’s von der Leyen: “We must invest in renewables for more stable energy prices”

European Commission president Ursula von der Leyen said on Wednesday the issue of high energy prices was serious, adding it was paramount that the EU invested in renewables over the…

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France, Spain urge pan-European response to energy price surge

France and Spain called on Monday (October 4) for a coordinated European response to the surge in global energy prices to protect the poorest citizens and the competitiveness of companies, and to…

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India coal crisis brews as power demand surges, record global prices bite

Indian utilities are scrambling to secure coal supplies as inventories hit critical lows after a surge in power demand from industries and sluggish imports due to record global prices push…

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Shell’s UK power retailer to grow by 25% after rival’s default

Royal Dutch Shell's British power retail business will grow by over a quarter after it took on 255,000 customers from a rival supplier that defaulted following the recent surge in natural gas…

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EU devising ‘toolbox’ for member countries to respond to energy price surge

The European Union executive will produce a "toolbox" of measures EU countries can take to tackle energy price spikes without breaching the bloc's energy market rules, it said, as consumers…

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EU working to help member countries respond to energy price surge

BRUSSELS, Sept 22 (Reuters) - The European Union executive is drafting guidelines on steps EU members can take to tackle power price spikes without breaching the bloc's energy market rules,…

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Europe’s energy firms locked out of record price bonanza

Several European power firms have been shut out of bumper revenues from record high gas and electricity prices as their sales are largely locked in at lower prices, and face…

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Norway promises Europe more gas as prices soar

Norway agreed on Monday to increase natural gas exports to the rest of Europe as record high wholesale natural gas prices prompted suppliers in Britain to seek state support and raised fears of a food supply crunch.…

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Malta: Simpler EU energy labels for lighting products applicable from 1 September

To help EU consumers cut their energy bills and carbon footprint, a brand new version of the widely-recognised EU energy label for light bulbs and other lighting products will be…

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Malta: Ministry factoring electric vehicles in energy demand planning

The Independent quotes the Energy Ministry in saying that increase energy demands for electric cars is being taken in consideration, after a 2.5 million euro budget was allocated for government's…

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Oil price drops more than 2% on China’s virus curbs, strong dollar

Oil prices fell more than 2% on Monday, extending last week's steep losses on the back of a rising U.S. dollar and concerns that new coronavirus-related restrictions in Asia, especially China,…

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Restrictions in public events eased further / Malta News Briefing – Friday 6 August 2021

Latest Update- News Portal Briefing Times of Malta reports that traffic accidents increased by almost 60 per cent in the second quarter of 2021, new data has shown, potentially reflecting…

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300 people to be allowed in seated events / Malta News Briefing – Thursday 5 August 2021

Latest Update- News Portal Briefing Times of Malta reports that Marsascala residents have spent long hours in darkness and stifling heat after a power cut late in the night was…

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Pandemic recovery to push emissions to all-time high – IEA

The global rebound from the COVID-19 pandemic is set to drive emissions of greenhouse gases that stoke climate change to all-time highs, the Paris-based International Energy Agency said in a report on Tuesday.…

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Iran insists it can enrich uranium to 90% purity – weapons grade – if needed

Iran said on Wednesday it could enrich uranium up to 90% purity -- weapons grade -- if its nuclear reactors needed it, but added it still sought the revival of a…

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European Green Deal: Commission proposes transformation of EU economy and society to meet climate ambitions

The European Commission adopted a package of proposals to make the EU's climate, energy, land use, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55%…

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Malta: Enemalta warns of possible short power cuts as cable repairs continue

Enemalta on Wednesday morning warned that short power cuts were possible as its engineers and technicians continue to work on a damaged underground cable that caused outages in the central…

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Eleven EU countries oppose plan to prolong gas project funding

Germany, Denmark, the Netherlands and eight other countries will reject a plan to prolong European Union support for cross-border natural gas projects, and instead push for rules to exclude fossil…

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Maltese Editors’ Perspectives

Times of Malta says that the over-exploitation and contamination of the country’s groundwater reserves continues uncontrolled and that bold initiatives are needed to secure the future of Malta's population. MaltaToday…

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EU countries seek to prolong bloc’s funding for gas projects – document

European Union countries will seek to prolong EU support for cross-border natural gas projects, a stance at odds with the European Commission's plan to end such funding, according to a…

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EU to target industry, transport in renewable energy rules, Commission says

An upcoming overhaul of European Union renewable energy regulations will include measures targeting transport and industry, where the use of emissions-free energy sources are lagging, the bloc’s energy policy chief…

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Poland unveils plan to free its utilities from coal assets

WARSAW, April 16 (Reuters) - Poland plans to create a special energy agency that would take over coal and lignite-fueled power plants from state utilities, including PGE , Enea and Tauron, so…

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MEA finds PN’s energy proposals as positive and constructive

The Malta Employers’ Association described the document – A New Energy Future for Malta presented by the Partit Nazzjonalista as encouraging, and with a vision to transform the country to…

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Malta: Household utility bills to adjust automatically after birth of a child or loss of a family member

Households will be able to automatically ajdust their utility bills following the birth of a child or the death of a family member. This will be possible after an agreement…

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Malta wants gas to be classed as sustainable investment under EU finance rules

Malta, Poland, Bulgaria and six other countries have stepped up their push to ensure natural gas is classed as a sustainable investment under EU finance rules, warning Brussels its latest…

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Wage supplement for hardest-hit businesses to be extended till end of year

Government has announced the extension of the wage supplement until the end of the year, arguing that such a move was required to ensure a strong economic recovery and safeguarding…

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New EU energy labels applicable from 1 March 2021

To help EU consumers cut their energy bills and carbon footprint, a brand new version of the widely-recognised EU energy label will be applicable in all shops and online retailers…

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Malta: Miriam Dalli defends decision not to publish Montenegro wind farm audit yet

Energy Minister Miriam Dalli has defended her decision not to publish the internal Enemalta audit as of yet. In a parliamentary question answered yesterday, Dalli confirmed that the report has been…

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France leads calls on EU to quit energy treaty – FT

Financial Times - France is leading calls so the EU calls quits an international energy treaty that gives multinationals the power to sue governments, with critics calling the agreement a serious…

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Euro should be global standard for hydrogen trades, EU says

BRUSSELS, Feb 1 (Reuters) - The European Union will seek to establish the euro as the reference currency for international hydrogen trading as it makes a dash for clean energy…

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2020: A challenging year for oil

This year was like no other for oil prices. Even as global prices end the year at about $51 a barrel, near the average for 2015-2017, it masks a year of volatility.…

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EU denies gas power plants a green finance tag

The European Commission on Friday proposed that power plants fuelled by natural gas would not be not classed as a sustainable investment in Europe, although plants could possibly gain a…

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Malta: Enemalta wins damages from company earmarked as multi-million business partner

A company involved in a joint investment with Enemalta to develop and operate a multi-million data hub in an underground installation at Marsa, has been ordered to pay the energy…

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Coronavirus, consolidation taking toll on energy jobs

Oil and gas companies worldwide are taking an axe to their employment rolls, shedding workers to survive what is expected to be a prolonged stretch of weak demand. Exxon Mobil…

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EU set to deny gas power plants a green investment label

Power plants fuelled by natural gas will not be classed as a sustainable investment in Europe, unless they meet an emissions limit that none currently comply with, according to draft…

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UN calls Development Banks to stop backing fossil fuel projects

United Nations Secretary-General Antonio Guterres on Monday urged development banks to stop backing fossil fuel projects, raising the pressure on the state-backed lenders ahead of a climate change summit France…

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