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IEA: Energy Transition Will Not Succeed Without Implementation of CCUS TechnologyPhoto: Pixabay

IEA: Energy Transition Will Not Succeed Without Implementation of CCUS Technology

April 6, 2020 | Peter Palčec
Electricity | Natural gas | Oil and oil derivates | RES and EE | Coal | Energy policy | CO2 emissions | New technologies

“Carbon capture, utilisation and storage (CCUS) is an important emission reduction technology that is being applied both in the industrial and energy generation sectors. One of the positive things about the technology is that it can be retrofitted, which means that it can be applied to already existing facilities and it provides a foundation for carbon removal. At the IEA we see the...


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The Use of Hydrogen Will Need A Lot More Governmental Support to GrowPhoto: © European Communities, 2009

The Use of Hydrogen Will Need A Lot More Governmental Support to Grow

April 6, 2020 | Peter Palčec
Electricity | Natural gas | RES and EE | Transport | Energy policy | CO2 emissions | New technologies

“For now the price of the production of so-called ‘grey’ hydrogen, which is produced from fossils fuels, is around EUR 1 per 1.5kg, which also produces around 13kg of CO2. On the other hand, the production price of so-called ‘green’ hydrogen, which is produced though the electrolysis processes, amounts to EUR 3 to EUR 4 per kilogramme. However, this will change with the rise in carbon...


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Electrification Can Cut Emissions in Europe by 60% by 2050Photo: www.pixabay.com

Electrification Can Cut Emissions in Europe by 60% by 2050

April 6, 2020 | Peter Palčec
Electricity | Natural gas | Oil and oil derivates | RES and EE | Coal | Energy policy | CO2 emissions | New technologies

“Electrification of the transport, buildings and industrial sectors in Europe could slash greenhouse gas emissions by 60% between 2020 and 2050, but this will require a massive upsurge in clean power output,” states a new report published by the research company BloombergNEF (BNEF). The report estimates that the power system could need 75% more generation capacity by 2050 compared with the...


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Joint NGOs Send Proposals to EC on Green Agenda for the Western BalkansPhoto: www.caneurope.org

Joint NGOs Send Proposals to EC on Green Agenda for the Western Balkans

April 6, 2020 | Peter Palčec
Electricity | RES and EE | Transport | Energy policy

A joint group of NGOs has sent proposals to the European Commission on the Green Agenda for the Western Balkans. The NGOs stated that they welcome the European Commission’s work to advance the Green Agenda for the Western Balkans, which is a timely opportunity to realise the region’s potential for sustainable development, allowing a better quality of life and a healthier environment....


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Coal Prices Have Been More Resilient Than Oil and Gas PricesPhoto: arhiv Energetike.NET

Coal Prices Have Been More Resilient Than Oil and Gas Prices

April 3, 2020 | Peter Palčec
Electricity | Natural gas | Oil and oil derivates | Coal | Energy policy

“Despite the fact that there has been a massive decline in oil and gas prices due to the coronavirus pandemic, coal prices have been more resilient over the past two weeks. Even though coal supply has dwindled in the past weeks, the cheap oil price has also lowered the overall costs of operations of mining companies. Additionally, coal demand has increased in China, since industry activity is...


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Slovenian Petrol Will Probably Fail to Reach Planned Financial Results For 2020Photo: Petrol

Slovenian Petrol Will Probably Fail to Reach Planned Financial Results For 2020

April 3, 2020 | Peter Palčec
Natural gas | Oil and oil derivates | Energy policy

“The Petrol Group has set ambitious goals for 2020. Since a natural disaster of such magnitude could not have been predicted, it is very likely that the Petrol Group will not meet its operating targets for the current year. The impact cannot be assessed reliably primarily because it is not known how long the movement restrictions will be in place both in the Petrol Group's markets and in...


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New SIDC Countries Record Significant Intraday Power Market GrowthPhoto: ACER

New SIDC Countries Record Significant Intraday Power Market Growth

April 3, 2020 | Tanja Srnovršnik
Electricity

The intraday markets coupled as part of the European single intraday coupling project (SIDC – formerly known as XBID) have grown significantly as a result of the second wave go-live in November 2019, which included Slovenia, Croatia, Bulgaria and Romania, said the partners involved in the project. They added that the project has further extended its scope with the accession of the Slovak members...


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Rystad Revises Down Global Gas Prices for 2020Photo: Shutterstock

Rystad Revises Down Global Gas Prices for 2020

April 3, 2020 | Tanja Srnovršnik
Natural gas

The world’s demand for natural gas is being impacted by the COVID-19 pandemic, and although it will not be curtailed to the same extent as oil, international gas prices will reach lower averages than previously expected in 2020, said the Oslo-based consultancy Rystad Energy on Thursday....


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DAM Traded Volume on Croatian CROPEX Up 41.5% Year-on-Year in MarchPhoto: Roman Peklaj

DAM Traded Volume on Croatian CROPEX Up 41.5% Year-on-Year in March

April 3, 2020 | Peter Palčec
Electricity

A total volume of 481,633.3 MWh was traded on the Croatian day-ahead market in March 2020, down 9.3% compared to February 2020 and up 41.5% compared to March 2019, according to data published by the Croatian power exchange CROPEX....


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Bulgarian Gas TSO Announces Capacity Allocation Procedure for Chiren StoragePhoto: Roman Peklaj

Bulgarian Gas TSO Announces Capacity Allocation Procedure for Chiren Storage

April 3, 2020 | Peter Palčec
Natural gas

The Bulgarian gas TSO, Bulgartransgaz - the owner and operator of the Chiren gas storage facility - has announced the Chiren gas storage capacity allocation procedure for the 2020-2021 gas year. Applications may be submitted between 3 and 10 April, states a press release from the TSO....


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