It seems like the perfect storm for Europe’s energy security as winter is fast approaching and energy prices are rising. Having turned away from Russia as a gas provider, the European Commission has begun negotiating with Norway. A deal for long-term energy cooperation will be discussed during the EU energyContinue Reading
STAVANGER, Norway — With natural gas scarce and pipelines in peril, Europe has rarely neededNorway more. Or resented it as much. More than seven months into the war in Ukraine, the Scandinavian country is increasingly central to Europe’s energy security. Norway, not Russia, is now the European Union’s leading naturalContinue Reading
As part of the deal, Fortum will receive 0.5 billion euros for its majority stake in the German gas importer. The Finnish company Fortum confirmed on Wednesday that it will be selling its entire stake in gas firm Uniper to the German government. As part of the deal, Fortum willContinue Reading
Support for developing more wind power projects on land is increasing after several years of decline. There are now more people in favor of more wind power than there are against it. Fresh figures from the Cicero Center for Climate Research show that 39% of Norwegian respondents now support moreContinue Reading
Lithuanian PM Šimonytė has hinted that the third stage of liberalisation of the retail electricity supply market may be delayed until more power plants using renewable energy sources are developed, which may take years. “I believe a delay will be for more than a year, perhaps for three or evenContinue Reading
Reuters on Tuesday reported that Russian state-owned firm Rosatom has begun legal proceedings seeking $3 billion in damages from Finland’s Fennovoima consortium for pulling the plug on a nuclear power plant in Finland. Prior to Russia’s invasion of Ukraine, Finland was to grant final building permits for the project thisContinue Reading
Skyrocketing energy prices and the consequences of the invasion of Ukraine are encouraging some global leaders to expand hydrocarbon production in the Arctic. If this goes ahead, it would be a disaster. The Arctic is warming faster than any other region on Earth. But even as climate change threatens its uniqueContinue Reading
European leaders have agreed to tighten the existing sanctions against Russia after war in Ukraine, Lithuanian President Gitanas Nauseda says, adding, however, that some EU member states are not yet ready to stop imports of Russian resources. “Yes, we have to admit that some countries are not yet ready toContinue Reading
Russia’s operation in Ukraine has resulted in the rise of energy resource prices, as gas price soared by nearly 40% and the price of oil reached USD 105 (EUR 94.18) On the day of Russian operation, Thursday, February 24, Brent crude oil price hit USD 105 per barrel for theContinue Reading
Norway’s blustery Fosen peninsula is a long way from anywhere, its mountains sustaining the Indigenous Sami and their reindeer for centuries. These same peaks are vital to the kingdom’s wind energy plans, and native herder Lena Haugen says her people pay the price. Snaking through the snowy terrain are dozens ofContinue Reading