European gas storage is well below average with a few months to go before winter. But market signals are deterring refilling, and geopolitics are straining available supply.
Bullish gas prices to drive €120 bill increase for average household, says IEEFA.
The Nordic countries have drawn criticism for pioneering green energy while at the same time relying on fossil fuels.
The Iran war is giving Finland even more impetus to diversify its energy supply and speed up its energy transition.
The CEO of UAE-based Masdar told conference delegates in London that the firm is targeting a 100 GW renewable energy portfolio by 2030.
Shell CEO Wael Sawan said that abundance of gas will instead likely create new pockets of demand in price sensitive markets.
The most recent Shell case comes as geopolitical tensions with the U.S. have rekindled a political debate in the Netherlands over the closure of the Groningen gas field.
Poland’s first auction for offshore wind capacity ended recently, ushering the eastern European nation into a new phase of energy transition.
The EU Parliament has adopted the Detailed Omnibus Directive that will simplify sustainability reporting and due diligence requirements, which critics say could further weaken the green agenda.
Plans to expand gas pipeline capacity in the Western Balkans risk significantly jeopardising the energy transition in the region.