UOKiK on Oct. 7 imposed a fine of more than Zloty 29 billion ($7.62 billion, Eur6.48 billion) on Russian gas giant Gazprom for building Nord Stream 2 without its approval, as well as a fine totaling Zloty 234 million on five European companies that helped finance the project.

The almost complete Nord Stream 2 was meant to come online at the end of 2019, but the threat of US sanctions against companies working on laying the pipeline saw main contractor Allseas halt work in December last year.

The OPEC delegation was led by HE Mohammad Sanusi Barkindo, Secretary General, and the GECF delegation was headed by HE Yury Sentyurin, Secretary General.

While burning hydrogen is a carbon neutral activity and impacts Scope 3 emissions positively, the hydrogen itself may not be produced in a carbon neutral application.

The German economy likely grew by around 6% in the third quarter

In May 2020, as Europe was waking up from the first lockdown in response to COVID-19, the European Union (EU) announced earmarking funding up to €30 billion to produce 1 million metric tons (t) of green hydrogen per year,

Japan's Minister of Economy, Trade and Industry Hiroshi Kajiyama, the host of the conference, said that there was a growing global consensus that hydrogen would be essential for decarbonization, citing increased numbers of hydrogen strategy roadmaps being announced by the major global economies.

gasoline prices are expected to rise by €7c/l and diesel prices by €7.9c/l in 2021 (+€0.6c/kWh for gas).

Nuclear has been left largely behind by booming demand for clean energy over the past decade.

Green hydrogen is beginning to have a main role in the energy strategies of many countries and companies. This molecule will have the capability of slowly displacing fossil fuels as a consequence of its versatility and gravimetric energy density.