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Nuclear to find its place in EU taxonomy, but gas still controversial – Montel Weekly

Date: 09.08.2021 Author: Peter Palčec, Alenka L. Klopčič
Nuclear to find its place in EU taxonomy, but gas still controversial – Montel WeeklyPhoto: Roman Peklaj

Nuclear energy will have a place in the EU’s taxonomy, while the role of natural gas is still considered controversial, according to the chief investment officer at the United Nations-supported

GAS – European contracts gain on supply concerns

Date: 03.08.2021 Author: Kelly Paul, Montel
GAS – European contracts gain on supply concernsPhoto: Plinacro

European gas prices rose on Monday to hit fresh highs amid persistent supply concerns surrounding the forthcoming winter and low gas storage levels across Europe.

CARBON – Bullish gas, power to buoy EUAs

Date: 02.08.2021 Author: Rachael Burnett, Montel
CARBON – Bullish gas, power to buoy EUAsPhoto: Roman Peklaj

European carbon prices were up on the week on Friday morning at around EUR 53/t amid bullish gas and power and reduced summer auction capacity.

Austria’s OMV raises its 2021 oil, gas price outlook

Date: 28.07.2021 Author: Julia Demirdag, Montel
Austria’s OMV raises its 2021 oil, gas price outlookPhoto: Martina Budal

Austrian oil and gas company OMV raised its outlook for oil and gas prices for a second time this year and now expects Brent crude oil to average between USD 65-70/bbl and gas above EUR 12/MWh, it

U.S. firm Linden Energy plans to expand Balkan gas activities

Date: 12.07.2021 Author: Peter Palčec, Tanja Srnovršnik
U.S. firm Linden Energy plans to expand Balkan gas activitiesPhoto: Roman Peklaj

The U.S. energy development company Linden Energy plans to expand gas activities in the Balkans after securing a 50% stake in the independent Bulgarian gas trader Overgas last week, said Linden

Croatian HEP considers decarbonising thermal plant portfolio with hydrogen

Date: 30.06.2021 Author: Tanja Srnovršnik
Croatian HEP considers decarbonising thermal plant portfolio with hydrogenPhoto: Roman Peklaj

The Croatian energy utility HEP is looking into the possibility of using hydrogen as a fuel to decarbonise its existing thermal power plant portfolio, said Ivan Androcec from HEP on Tuesday.

Gas demand to shrink in CO2 constrained world – experts

Date: 30.06.2021 Author: Nathan Witkop, Montel
Gas demand to shrink in CO2 constrained world – expertsPhoto: Roman Peklaj

Natural gas faces a declining demand outlook over the next two decades, despite a sharp price rebound for the least polluting fossil fuel this year, energy experts told a panel in Singapore on

Agora analyst criticises EU green H2 plans as overambitious

Date: 22.06.2021 Author: Rachael Burnett, Montel
Agora analyst criticises EU green H2 plans as overambitiousPhoto: Roman Peklaj

European Union targets for green hydrogen are overambitious, as demand for the renewable gas may only hit 8-20% of energy needs in a “climate neutral” system, an Agora Energiewende analyst told an

Romanian companies make strong business case for gas and solar

Date: 17.06.2021 Author: Tanja Srnovršnik
Romanian companies make strong business case for gas and solarPhoto: Roman Peklaj

Two important energy players in Romania, Oltenia Energy Complex (OEC) and OMV Petrom, believe a coal-to-gas switch in power production combined with new solar capacity is the best business model for

EU to continue funding some gas projects until end-2027

Date: 15.06.2021 Author: Tanja Srnovršnik
EU to continue funding some gas projects until end-2027Photo: Roman Peklaj

Gas projects that are fully converted to hydrogen will continue to receive EU funding for a transitional period until the end of 2027, according to a compromise agreement reached by EU energy

EC to propose green hydrogen certification rules in July

Date: 14.06.2021 Author: Siobhan Hall, Montel
EC to propose green hydrogen certification rules in JulyPhoto: EBRD

The European Commission will propose how to certify hydrogen as “green” in its updated EU renewable energy directive planned on 14 July, said a senior EC official.

Romania confirms hard coal phase out by 2030 – energy minister

Date: 10.06.2021 Author: Peter Palčec
Romania confirms hard coal phase out by 2030 – energy ministerPhoto: Roman Peklaj

Romania will abandon the use of hard coal by 2030, while the deadline for abandoning lignite will be announced after the European Commission approves the restructuring programme of the Oltenia Energy



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