MEPs and the Spanish Presidency of the Council informally agreed on plans to facilitate the uptake of renewable and low-carbon gases, including hydrogen, on the EU's gas market.
The total amount of waste generated by Transgaz in 2022 was 648,113 tons, according to the company's Sustainability Report for 2022.
Between August 2022 and January 2023, Romania is managing to reduce fossil gas consumption by approximately 25%, according to a report published by CEE Bankwatch Network. According to the report, Romania allocates four times more European funds for fossil gas, despite the climate objectives. Between 2014 and 2020, fossil gas-based projects in Romania and Poland benefited from €230 million and €1.3 billion respectively from European funds.
About $2.8 trillion is set to be invested globally in energy in 2023, of which more than $1.7 trillion is expected to go to clean technologies – including renewables, electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements, and heat pumps – according to the IEA's latest World Energy Investment report.
Global energy-related carbon dioxide emissions hit a record high last year, even as more clean technologies such as solar power and electric vehicles helped limit the impact of increased coal and oil consumption, according to the International Energy Agency (IEA). Scientists warn that energy users around the world must dramatically reduce emissions to slow the ill effects of global warming.
Two-thirds of the decline in Russian natural gas supplies has been offset, mainly through increased purchases of liquefied natural gas (LNG) and a greater volume of pipeline gas from Norway, leaving Europe with more gas in storage than it needs to meet its end-of-winter demand.
This winter continues to be fairly mild in Europe, which means that the gas shortages that many had predicted as a worst-case scenario have been avoided. The unusual weather has resulted in favourable gas storage figures, so Europe can look forward to next winter in a much more favourable position, as was also priced in today on the Dutch gas exchange, where gas prices fell sharply this morning.
The European Commission approved the acquisition of Lotos by Polish PKN Orlen in the summer, and the news also had Hungarian implications, as PKN had to sell assets in order to acquire its sector partner, some of which were to be obtained bz Hungarian energy group Mol. The latest news is that this transaction has been completed, with Mol buying Lotos Paliwa, which operates 80% of the petrol stations owned by the Lotos oil company, for a total of USD 610 million.
SPIE Energy Poland announced new projects at a time of major investment in Poland to support the energy transition.
European Energy successfully secured a contract for several battery projects in Poland.
Premier Energy PLC has announced that its subsidiary, Alive Renewable Holding Limited, has finalized the acquisition of a 90% stake in Development Power Solar Energy SRL.
The European Commission allocated €26.8 billion in loans and grants under the Recovery and Resilience Facility (RRF) to Czechia, Germany, Italy, Portugal, and Romania.
MOL has expanded its renewable energy capabilities by acquiring Naperőmű Farm, a company behind the development of a 66 MW solar power plant in Ballószög, Hungary.
