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More than 20% of European gas plants are lossmaking – report

Date: 19.10.2021 Author: Enza Tedesco, Montel
More than 20% of European gas plants are lossmaking – reportPhoto: TEB

More than one-fifth of European gas-fired power plants are lossmaking and most of the planned new capacity will never recover the initial investment, said a report by think-tank Carbon Tracker.

Volatile energy markets to boost short-term PPAs – Pexapark

Date: 18.10.2021 Author: Enza Tedesco, Montel
Volatile energy markets to boost short-term PPAs – PexaparkPhoto: www.pixabay.com

Soaring energy prices and increased volatility will drive demand for short-term power purchase agreements (PPA), the head of Pexapark’s corporate PPA desk told Montel.

Gazprom fills first Nord Stream 2 string with gas

Date: 18.10.2021 Author: Marcin Czekanski, Montel
Gazprom fills first Nord Stream 2 string with gasPhoto: Gazprom

Russia’s Gazprom has filled the first string of the 55bcm/year Nord Stream 2 gas pipeline, linking Germany and Russia, with gas, pipeline operator Nord Stream 2 AG said on Monday.

Oil hovers at multi-year highs on energy crisis

Date: 18.10.2021 Author: Robin Newbold, Montel
Oil hovers at multi-year highs on energy crisisPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices were trading at fresh multi-year highs on Monday amid a global energy supply shortage, with crude being utilised for power generation.

Oil demand gets boost from soaring gas prices – IEA

Date: 14.10.2021 Author: Jeff Coelho, Montel
Oil demand gets boost from soaring gas prices – IEAPhoto: Simona Drevenšek

Global oil demand is rising faster than expected as soaring gas prices have prompted a switch to oil, the International Energy Agency said on Thursday.

Crude prices rise on possible gas to oil switch this winter

Date: 14.10.2021 Author: Robin Newbold, Montel
Crude prices rise on possible gas to oil switch this winterPhoto: Victor Habbick via FreeDigitalPhotos

Crude prices rose on Thursday amid expectations soaring gas prices would lead to a switch to oil to meet heating demand needs this winter.

Opec trims 2021 oil demand outlook despite energy squeeze

Date: 13.10.2021 Author: Jeff Coelho, Montel
Opec trims 2021 oil demand outlook despite energy squeezePhoto: Tanja S. Volarič

Opec has revised down its global oil demand outlook for 2021, largely due to lower-than-expected consumption levels in the first three quarters of the year, despite a squeeze on energy supplies.

Energy transition is “too slow” to reach net zero goal – IEA

Date: 13.10.2021 Author: Jeff Coelho, Montel
Energy transition is “too slow” to reach net zero goal – IEAPhoto: Roman Peklaj

The world is gradually transitioning towards green energy, but the pace is too slow to achieve net zero emissions by 2050, the International Energy Agency (IEA) said on Wednesday.

123zero: A big part of sustainability in the future is education

Date: 13.10.2021 Author: Alenka Lena Klopčič
123zero: A big part of sustainability in the future is educationPhoto: Energetika.NET

A big part of sustainability in the future is general education, followed by traceability and transparency for companies, 123zero’s co-founder and CEO Martin Leban says.

CWP and Mercuria join forces on 2 GW of renewables projects in SEE

Date: 12.10.2021 Author: Peter Palčec
CWP and Mercuria join forces on 2 GW of renewables projects in SEEPhoto: ESM

Australian renewables developer CWP and Mercuria Energy Trading have joined forces to complete and expand CWP's 2 GW renewables portfolio in south-east Europe, said Mercuria on Tuesday.

Oil hovers around multi-year highs as energy crisis persists

Date: 12.10.2021 Author: Robin Newbold, Montel
Oil hovers around multi-year highs as energy crisis persistsPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices continued to hover around multi-year highs on Tuesday as sky high coal and gas indicated tight demand ahead with crude being used as a substitute for more expensive fuels.

Few climate benefits in non-green hydrogen – study

Date: 11.10.2021 Author: Nathan Witkop, Montel
Few climate benefits in non-green hydrogen – studyPhoto: EBRD

Only hydrogen produced with renewable energy met eligibility standards under the EU’s renewable energy directive, according to a study published on Monday.



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