AMSTERDAM, Feb 23 (Reuters) – Core profits at the Port of Rotterdam rose 6.1% last year despite a slight decline in cargo turnover, it said on Thursday as Russian coal, LNG and oil were replaced by other energy sources. Europe’s largest port said throughput fell 0.3% to 467.4 million tons, but earnings before interest, taxes, … Read more
HANOI, Feb 23 (Reuters) – European manufacturers are considering investing hundreds of millions of dollars in Vietnam to build wind turbines, people familiar with the situation said as the country prepares to capitalize on its huge untapped offshore wind power potential. The Southeast Asian country is seen as a potential major player in the sector … Read more
The head of the International Energy Agency has warned that Europe has yet to win its energy war with Russia despite a big drop in gas prices, urging governments to stay focused on conserving and increasing supplies. Fatih Birol said that while the EU had largely avoided a full-blown energy crisis following Russia’s militarization of … Read more
February 23. A year after Russia invaded Ukraine and led to commodity market turmoil, it is clear that the main takeaway is that markets are surprisingly resilient and adapt quickly to changing circumstances. While the prices of commodities such as crude oil, liquefied natural gas (LNG) and coal initially skyrocketed as a result of the … Read more
February 23. A year after Russia invaded Ukraine and led to commodity market turmoil, it is clear that the main takeaway is that markets are surprisingly resilient and adapt quickly to changing circumstances. While the prices of commodities such as crude oil, liquefied natural gas (LNG) and coal initially skyrocketed as a result of the … Read more
February 23. A year after Russia invaded Ukraine and led to commodity market turmoil, it is clear that the main takeaway is that markets are surprisingly resilient and adapt quickly to changing circumstances. While the prices of commodities such as crude oil, liquefied natural gas (LNG) and coal initially skyrocketed as a result of the … Read more
WASHINGTON, Feb 22 (Reuters) – The United States on Wednesday proposed its first sale of rights to develop offshore wind power in the Gulf of Mexico, which will help the Biden administration reach its goal of deploying 30 gigawatts of wind power by the end of the decade. The Department of the Interior published an … Read more
BERLIN, Feb 22 (Reuters) – Germany is unlikely to face gas shortages this winter and should stop converting floating liquefied natural gas (LNG) terminals to fixed terminals, according to a study by the economics institute DIW published by Reuters. Wednesday. In the most likely scenario, Germany will have sufficient stocks of around 87 billion cubic … Read more
Sjo/iStock Unpublished via Getty Images Shell (New York Stock Exchange: SHEL) is working with US investment bank Lazard to evaluate options, including the sale of its European gas and power retail business, Bloomberg reported Tuesday. Shell (SHEL), who has already said it was considering getting out of the struggling European domestic power businessafter skyrocketing energy … Read more
FRANKFURT, Feb 21 (Reuters) – Germany has identified three key measures, including financial support to develop energy transition technologies while boosting clean energy production and transmission, Economics Minister Robert Habeck said on Tuesday. “We have to strengthen the renewable energy production capacity in Germany and Europe,” he said at a press conference. Habek said the … Read more