The EU has approved a Russian LNG ban, which will increase the price of gas in Europe.
Dutch and British gas rates rose on Thursday, after the EU adopted a 19th set of sanctions against Russia. This included a ban on Russian gas liquefied imports. The United States also imposed sanctions against Russia's major oil companies. LSEG data shows that the benchmark Dutch front-month contract was 32.68 euros per Megawatt Hour (MWh) or $11.11/mmBtu at 0950 GMT.
EU approves 19th Package of Russian Sanctions including LNG Ban
The rotating Danish presidency of the EU announced on Wednesday that the EU countries had approved the 19th package against Russia, including a ban on Russian gas liquefied imports. Slovakia is the last holdout after the EU agreed on the final text of the treaty last week. The European Commission has released…
EU considering classifying ethanol used in biocidal products, according to FT
Financial Times reported that the European Union may consider classifying ethanol, which is used in biocidal hand sanitizers and other products to reduce bacteria, as a hazardous substance due to increased cancer risks. The FT reported that an internal recommendation made on 10 October by one of the ECHA working groups flagged ethanol…
FT reports that EU is considering a ban on ethanol in hand sanitisers due to cancer concerns
Financial Times reported that the EU was considering classifying ethanol as a harmful substance, which increases cancer risk. The FT reported that an internal recommendation made on 10 October by one of the ECHA working groups flagged ethanol, a substance toxic, as a substance which increases the risk of pregnancy complications and cancer.
EU agrees to end Russian gas imports gradually by January 1, 2020
The Council of the European Union reported that the EU energy ministers backed on Monday the proposal to eliminate Russian gas and oil imports into the EU by January 2028. At a meeting held in Luxembourg, the ministers approved plans that would gradually phase out all new Russian gas import agreements from January 2026.
Qatar's Energy Minister warns EU laws could prevent it from supplying LNG to Europe
Qatar won't be able do business with the EU, or even supply LNG to Europe to fill its energy gap if it doesn't make further changes to its corporate sustainability regulations, said Qatari energy minister Saad Al-Kaabi on Thursday. QatarEnergy, the state-owned company that is one of the largest exporters of liquified gas in the world…
Chinese wind turbine manufacturer invests up to $2 Billion in Scottish factory
Ming Yang Smart Energy, a Chinese wind turbine manufacturer, will invest up 1.5 billion pounds ($2billion) in Scotland to build a manufacturing facility for wind turbines that could create as many as 1,500 jobs. Britain hopes to create thousands more clean energy jobs and to increase its renewable power in order to meet its climate goals.
EU Auto Group pushes hybrids and e-fuels as part of CO2 emissions goal review
The European Union's auto association suggested that the EU should relax its CO2 targets for cars and vans. It also recommended a longer period of compliance and a larger role for hybrids and alternative fuels. The European Automobile Manufacturers' Association presented proposals to European Commission which will review its targets at the end of this year.
Foreign Minister: Hungary will buy 4 billion cubic meters of natural gas from Engie in France
Peter Szijjarto, Hungary's Minister of Foreign Affairs, said that Hungary will buy 4 billion cubic meters of natural gas between 2028-2038 from the French energy company Engie. Szijjarto stated that Engie will sell 400 million cubic meters (mcm), of gas, to Hungary each year under the "longest LNG contract in Hungary’s history".
Investors insist that EU methane regulations be upheld despite US pressure
A letter obtained by the. Money managers such as Ninety One Group, Pictet Group Railpen, and Royal London Asset Management have urged the EU not to change its rules that require importers of oil to monitor the methane emission of their suppliers and to report it. Scientists say that methane, one of the strongest greenhouse gases…
EUROPE GAS - Prices stable as temperatures drop, wind power increases
The Dutch and British wholesale gas price remained unchanged on Tuesday morning, as a result of a steady demand for gas in the heating sector due to cooler temperatures. LSEG data shows that the benchmark Dutch front-month contract was 32.05 euros per Megawatt Hour (MWh), or $11.07/mmBtu at 0811 GMT. This is an increase of 0.13 Euro.
EUROPE GAS - European prices flatten as market searches for impetus
Dutch and British gas rates traded sideways on Monday morning in the absence news that would have influenced either direction. However, cooler weather with less wind is expected to support prices. LSEG data shows that the benchmark Dutch front-month contract was 32.31 euros per Megawatt Hour (MWh) or $11.14/mmBtu at 0834 GMT. This is a 0.03 euro increase.
EU to ban Russian LNG imports under pressure from Trump
EU sources confirmed on Friday that the European Union intends to ban Russian LNG imports a year sooner than originally planned as part of the 19th package against Moscow. This change was reportedly prompted by President Donald Trump's pressure. When it presents its package to EU envoys on Friday, the European Commission…
Russia's LNG Exports by Destinations and Volume
EU sources confirmed on Friday that the European Commission would propose to ban Russian LNG imports a year sooner than originally planned as part of the 19th package sanctions against Moscow. Here are some statistics about Russia's gas exports, by volume and destination. In January-August 2025, Russia exported 18.8 million metric tonnes of liquefied gas.
EUROPE GAS - European prices remain stable as traders evaluate sanctions talks and Norway outages
The European gas price was largely unchanged on Friday morning, despite the fact that a new package of sanctions from the European Commission against Russia is expected and there are still long-term gas shortages in Norway. LSEG data shows that the benchmark Dutch front-month contract was 32.58 euros per Megawatt Hour (MWh) or $11.28/mmBtu at 0806 GMT. This is a 0.25 euro decrease.
Poland Urges EU Members to End Russian Oil Imports by 2026
Poland has urged European Union member states that are still buying Russian energy to end those imports by the end of 2026 and will offer them help towards that effort, Energy Minister Milosz Motyka said on Wednesday.The Druzhba oil pipeline delivers Russian oil to Hungary and Slovakia, which continue to buy…
US energy chief: EU could stop buying Russian gas in a year
Chris Wright, the U.S. Energy Secretary, said on Friday that the European Union can replace Russian gas with U.S. Liquefied Natural Gas within 6-12 months. The United States has communicated its position to EU officials in this week. Wright spoke in Brussels on Thursday, when he met EU Energy Commissioner Dan Jorgensen. The U.S.
US energy chief: EU could stop buying Russian gas in a year
Chris Wright, the U.S. Energy Secretary, said on Friday that the European Union can replace Russian gas with U.S. Liquefied Natural Gas within 6-12 months. The United States has communicated its position to EU officials in this week. Wright spoke in Brussels on Thursday, when he met with EU Energy Commissioner Dan Jorgensen to discuss the end of Europe's purchase of Russian energy.
Octopus Energy, a British company, partners with a Chinese wind turbine manufacturer
Octopus Energy, Britain's biggest electricity supplier, has signed a contract with Chinese wind turbine maker Ming Yang Smart Energy. This could lead to the installation of the first Chinese-made turbines in Britain. The UK is trying to increase its renewable energy to meet climate targets, but it is also struggling with rising project costs as well as high electricity prices.
Prices of EUROPE GAS remain stable as the market waits for news about Russian sanctions
The Dutch and British wholesale prices of gas were unchanged on Thursday, despite a weakening demand. Market participants also waited for news about new European sanctions against Russia. LSEG data shows that the benchmark Dutch front-month contract was 33.06 euros per Megawatt Hour (MWh) or $11.43/mmBtu at 0829 GMT. This is a decrease of 0.15 euros.