... compared to 2024). Meanwhile, European countries, having filled their gas storages and commissioned new RES capacities, are actively reducing coal-based generation. Following a surge in coal generation in 2022-2023 (when coal temporarily replaced costly gas), coal's share in the EU energy system is once again declining. However, coal remains an important energy source for several Eastern European economies—such as Poland, the Czech Republic, and Greece—where its share in generation is still significant. In recent months, ...

... Market The recent statement from European Commission President Ursula von der Leyen on potentially replacing Russian liquefied natural gas (LNG) with American sources has reignited discussions on Europe’s energy security and independence. While the EU aims to diversify its gas sources and reduce reliance on Russian energy, how feasible is this goal? In this article, we’ll explore the opportunities and challenges of such a shift, analyzing the technical, economic, and logistical barriers involved, as well as the potential ...

... processing capacity of 20 million tons per year, which is part of Nayara Energy Limited, where Rosneft owns 49.13%, along with a deep-sea port and an oil terminal with a total throughput of 58 million tons per year, as well as a network of over 6,000 gas stations. The EU is also implementing a complete ban on operations with the Nord Stream 1 and Nord Stream 2 pipelines, including the supply of goods or services that would facilitate their construction, maintenance, operation, and any future use. Finally, it has been ...

... visible effects already observed this year. "For example, in the first three months of 2024, Gazprom Mezhregiongaz's supplies to the domestic market increased by more than 150 million cubic meters per day, which exceeds the current volume of gas supplies to the EU," Tereshkin concluded. Translated using ChatGPT Sourse: https://iz.ru/1752573/sofia-smirnova/topit-svoe-es-narastil-import-rossiiskogo-gaza

... imports: the EU has established steady diesel supply channels from the Middle East, Asia, and the U.S. to replace Russian volumes. As the expensive batches of fuel purchased by European importers last winter are consumed and replaced by cheaper supplies, gas stations in the EU are gradually lowering retail prices. However, due to high taxes and levies, gasoline in Europe remains expensive for consumers – prices in the largest EU economies range from €1.6–1.8 per liter at gas stations. Overall, the global oil products ...