The conflict between Russia and Ukraine has caused immense war-related devastation, resulting in loss of life, displacement of communities and damage to infrastructure. The ongoing war is exacerbating the economic burden on Ukraine and has far-reaching implications for neighbouring countries and international stability.

The record-high prices that were triggered by Russia’s squeeze on deliveries last year are now gone, but worsening economic conditions are hitting demand just as hard. Gas usage across Europe’s industrial landscape is projected to remain about 20% below 2021 levels.

The auction will award up to €800 million to renewable hydrogen producers in the European Economic Area (EEA). The support will take the form of a fixed premium in €/kg of renewable hydrogen produced over ten years of operation, therefore targeting the gap between the production costs and the demand’s willingness to pay.

The Akkuyu plant, in the southern Mersin province, is Turkey's first. Rosatom is building four VVER-1200 reactors, under a so-called BOO (build-own-operate) model.

By 2021, wind, solar, and natural gas provided 48 percent of Germany’s electricity, and provided most of the electricity consumed in Italy (63%), the UK (64%), and the Netherlands (78%).

In 2021, Russia pumped about 150 billion cubic meters of pipeline gas to Europe — more than enough to satisfy the combined annual consumption of Germany, France and Austria. Europe represented two-thirds of the country’s gas exports including flows of liquified natural gas.

В 2023 году вместе с коллегами по ЕАЭС мы продолжаем работу над созданием общих энергетических рынков, работаем над решением проблем климата, энергетической безопасности, цифровой трансформации, продовольственной безопасности.

US technologies at ZNPP largely concern Westinghouse-supplied nuclear fuel, a used fuel dry storage facility built by Holtec and software related to operation of the six units, none of which is of any interest to Rosatom, according to the large number of Russian scientists and nuclear experts who commented on the DOE letter.

There is sufficient energy in nuclear 'waste' to run Europe at current electrical power consumption" for between 600 and 1000 years.

Since Turkey can legitimately still import diesel-type fuel from Russia, traders can potentially bring in relatively cheap barrels to meet the country’s energy needs. At the same time, Turkey’s own production could be sold at a higher price to the EU.

Both sides expressed satisfaction with the positive dynamic of trade and economic relations, the successful implementation of joint strategic power engineering projects, including gas supplies, and the construction of the Akkuyu Nuclear Power Plant in Türkiye.

The EU says its sanctions are meant to cut Moscow revenues and access to technology used in war.

Europe’s appetite for new LNG projects is pushing the continent to boost its import capacity by one-third, but the mismatch between future LNG demand and import facilities might result in 200-250 billion cubic metres (bcm) of unused capacity by 2030.

Two camps, one led by Germany and the other by France, are fighting it out, each with a blocking minority on a specific point: Should low-carbon hydrogen be taken into account when measuring the efforts of member states to reach the target of 45% of renewables in their energy mix by 2030?

Germany suffered the most among EU member states from the Russian supply curtailments, with a number of buyers forced to buy expensive gas on the open market to make up for the Russian shortfall.