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Britain Facing Race to Avoid $1 Billion in EU Carbon Tax Costs

Britain Facing Race to Avoid $1 Billion in EU Carbon Tax Costs

Britain will struggle to link its carbon market to the EU's in just seven months, to avoid UK companies facing the bloc's carbon border tariff and annual bills around 800 million pounds ($1.08 billion) from next year, market experts have said

Gerapetritis: “Greece is A Major Energy Hub”

Gerapetritis: “Greece is A Major Energy Hub”

“Greece, through targeted and coordinated efforts in recent years, has become a major energy hub, contributing decisively to national and European energy diversification and security,” Foreign Minister George Gerapetritis emphasized, speaking at an event of the Association of Retired Greek Diplomats entitled “Energy and the Southeast Mediterranean”

Eurelectric: Electrification Key to Boost Industrial Competitiveness, New Study Shows

Eurelectric: Electrification Key to Boost Industrial Competitiveness, New Study Shows

Electrification can help restore competitiveness, cut fossil fuel dependence and unlock economic benefits for European industry, according to a new study commissioned by Eurelectric. While electricity already outcompetes fossil fuels in some sectors, electrifying energy-intensive operations could become cost-competitive by 2030 – with the help of financial support, long-term contracts, and expanded Carbon Contracts for Difference (CCfDs)

Russia Boosts Oil Supplies to Syria, Data Shows

Russia Boosts Oil Supplies to Syria, Data Shows

Russia has increased supplies of its oil from the Arctic to Syria, which needs the feedstock for its refineries, according to shipping data cited by an industry source and LSEG data

Russias Gazprom Says Q1 Net Profit Edges up to $8.4 Billion

Russia's Gazprom Says Q1 Net Profit Edges up to $8.4 Billion

Russian energy giant Gazprom's first-quarter net income edged up around 1% compared with the same period last year to 660.4 billion roubles ($8.4 billion), with sales and the rouble exchange rate also up, the company said on Friday