Energy assets affected due to sanctions and standoff between Russia and the West
On Tuesday, the United States and Russia reached separate agreements to stop attacks on energy and maritime targets. Washington also agreed to press for the lifting of some sanctions against Moscow.
UK electricity capacity auction for 2028/29 clears at 60 pound per kW/yr
The National Energy System Operator (NESO) announced on Tuesday the auction for Britain to secure enough electricity capacity in 2028/29 was cleared at 60 pounds each kilowatt per year.
Gas prices continue to drop in Europe amid healthy supplies
The wholesale gas prices in the Netherlands and Britain continued to drop on Wednesday morning, amid a comfortable supply situation and the prospect that European storage targets will be relaxed.
Spot prices are mixed as German winds set to fall
On Tuesday, the European spot electricity prices for Wednesday were mixed as it was expected that wind power production would fall in Germany but increase in France.
Uniper's hedging strategy includes selling hydropower through 2027.
The German utility Uniper said that it has sold large quantities of future hydropower production as part of an hedging strategy. Uniper sold 30% of German hydropower for 2026…
EnBW chief urges for speed in new German power plant plans
The head of the major utility EnBW told an industry event in Berlin on Monday that the next German government should quickly pick up the stalled law draft on the development…
Germany builds up LNG import terminals
Germany is expanding its natural gas import options to replace Russian supply, a drive intensified by the latest suspension of Russian flows via Ukraine and U.S. President…
Germany builds LNG import terminals
Germany is increasing its natural gas imports to replace Russian supplies. This drive has been intensified due to the recent suspension of Russian gas flows via Ukraine, and U.S.
Sources say that Kretinsky EPH is among the suitors who have approached Uniper about its EPH.
Three people with knowledge of the matter claim that Berlin has approached Daniel Kretinsky, a Czech billionaire, about buying German state-owned utility Uniper. Sources…
Sources say that OMV's Romanian subsidiary has agreed to supply gas to Germany
Three people with knowledge of the situation have confirmed that OMV's Romanian subsidiary has signed a contract to supply Uniper gas from its Black Sea Project starting in 2027.
Sources say that Austria's OMV Romanian unit has agreed to supply gas to Germany
Three people with knowledge of the situation have confirmed that Austria's OMV Romanian has signed a contract to supply Germany's Uniper gas from its Black Sea Project from 2027.
Sources: Austria's OMV has agreed to supply Romanian Gas to Germany
Three people with knowledge of the deal said that Austria's OMV will supply Germany's Uniper gas from its Black Sea Project from 2027. This comes as Europe looks for…
DET: Germany's Wilhelmshaven Liquefied natural gas terminal will not operate in Q1
According to its operator, the government-owned Wilhelmshaven terminal in Germany, which was built to address Europe's energy shortage, will not be able to receive any…
The German wind is downturning and the temperature is dropping.
The European immediate power prices rose on Thursday as a result of the forecasts that German wind production volumes would plummet, and because colder weather is on its way in France.
Germany Preps for More FSRU Vessels
Germany is expanding its natural gas import options to replace Russian supply. Following are updates on key facilities and terminals being developed to host floating…
RWE buys back $1.6 billion in shares as the outlook for US offshore wind and hydrogen worsens
RWE, Germany’s largest utility, announced on Tuesday that it would purchase up to 1,5 billion euros ($1.6billion) in shares. The company cited weakening prospects in Europe for hydrogen and offshore wind…
Uniper buys German hydropower to hedge against future price increases
The German utility Uniper said that it has sold large quantities of future hydropower production as part of an hedging strategy. Uniper sold 75% (134.86 euros) of its…
Germany builds LNG import terminals
Germany is expanding its natural gas import options as part of efforts to decarbonise and replace Russian supplies. Here are some details about terminals that will host…
Germany builds LNG import terminals
Germany is expanding its natural gas import options as part of efforts to decarbonise and replace Russian supplies. Here are some details about terminals that will host…
Germany Nationalises Gas Group Uniper in Scramble to Secure Supply
Germany confirmed the nationalization of struggling gas importer Uniper at a cost of 8 billion euros ($7.9 billion) on Wednesday as it scrambles to secure power for…
