energy
EC warns Romania about lack of long-term strategy on energy and climate
The European Commission (EC), on Thursday sent a formal notice to Bulgaria, Ireland, Poland, and Romania for failing to notify their long-term national strategies...
Japan’s restart of nuclear reactors will help Europe’s winter energy supply say IEA chief
Japan's restart of more nuclear power plants would help ease Europe's energy supply fears during the winter as more liquefied natural gas (LNG) will...
EU set to pave way for €565 billion overhaul of electricity grid
The European Union’s executive branch will lay out a plan to digitalize its energy grid as it seeks to spur the rollout of renewables...
EU readies energy package, countries split over gas price cap
The European Union is set to unveil a package of proposed emergency measures this week including a windfall profit levy on energy firms, but...
EU to propose price cap on Russian gas, says von der Leyen
The European Commission will propose a price cap on Russian gas, alongside measures including a mandatory EU cut in electricity use and a cap...
The European Central Bank brings interest rates to zero, with larger than expected move
The European Central Bank on Thursday increased interest rates for the first time in 11 years in an attempt to cool rampant inflation in...
EU targets clean power, LNG in plan to slash Russia dependence
The European Union is set to unveil a raft of measures ranging from boosting renewables and LNG imports to lowering energy demand in its...
Russia warns oil price will hit $300 if West bans energy imports
Russia has threatened to close a major gas pipeline to Germany and warned that Western countries could face oil prices of over $300 per...
EC approves Romania’s €2.7bln restructuring plan for CE Oltenia
The European Commission (EC) said on Wednesday it has approved Romania's plan to grant up to €2.66bln in restructuring aid to energy company Complexul...
Romanian government endorses new and improved ‘cap and subsidy’ scheme for energy prices
The Romanian government approved on Tuesday the revised 'cap and subsidy' scheme for residential and industrial energy consumers to be enforced from February 1...