While the European Union (EU) member countries agreed on the common gas purchase, they could not reach an agreement on the ceiling price for natural gas.

The energy ministers of the EU member states met in Prague, hosted by the Czech Republic, the term president.

Making a statement at the end of the meeting, Czech Industry and Trade Minister Jozef Sikela said, “We are focused on high gas prices. We need a fast and effective solution.

Joint Gas Purchase Preparation from ‘EU Countries’ | Devamı>>>

Switzerland could prevent an energy shortage by aligning with a European Union plan to cut gas use by 15% this winter, Energy Minister Simonetta Sommaruga told newspaper SonntagsBlick.

European Union countries formally adopted the bloc’s emergency plan to curb gas use on Friday in a bid to save fuel for a winter of uncertain Russian supplies. “The situation is serious,” Sommaruga told the Sunday newspaper, adding that a call from Switzerland’s electricity commission for households to stock up on candles in case of blackouts this coming winter was “a wake-up call for everyone”.

Switzerland Could Align With EU Energy Saving Drive, Energy Minister Says | Devamı>>>

In a statement to Reuters, it was stated that Algeria will supply 4 billion cubic meters (bcm) of gas to Italy this year, in addition to the 21 billion cubic meters planned earlier this year.

The source said that state oil producer Sonatrach plans to start increasing supplies to Italian customers, including Eni, next week. Tighter global energy markets have increased demand for Algerian gas.

Sonatrach is already an important gas supplier to countries including Italy, Spain and Portugal, and stated that it is reviewing gas prices with all its customers to take advantage of the appropriate market.

Algeria to Provide Italy with Additional Gas Official Source Says | Devamı>>>

Europe needs to ramp up efforts to cut its dependency from Russian fossil fuel imports in the face of the latest crisis, German Chancellor Olaf Scholz said in Brussels on Friday.

“All together, we are very, very well prepared for the difficult challenge linked to Russian fossil fuel imports,” he told reporters as he arrived for the second day of an EU summit.

He said this was the reason why the bloc had not only imposed sanctions on Russian coal and oil at an early stage, but had as well worked on adjusting its infrastructure in a way that European countries can import gas from other countries, too.

EU Must Speed Up Efforts to Get Independent from Russian Fossil Fuel | Devamı>>>

The European Union and Norway agreed on Thursday to cooperate to bring more gas from western Europe’s biggest producer to the EU’s 27 countries, nearly half of which are now grappling with cuts to Russian gas supplies.

Nearly half of these countries are currently grappling with cutbacks in Russian gas supplies. Brussels said 12 EU member states are facing gas cuts after Russia reduced the flow through the Nord Stream 1 pipeline last week, citing technical issues.

‘EU’ Norway Agree to Increase Gas Deliveries as Russian Cuts Deepen | Devamı>>>

Fossil fuels have surpassed renewables to become the European Union’s largest source of power generation as use of natural gas reached its highest point in a decade, the bloc’s statistics office said on Thursday.

While Eurostat says renewables topped the list in the first year of the coronavirus pandemic, the economic recovery saw the region’s electricity supply increase by 4% in 2021, with coal, oil and gas.

Fossil Fuels Surpass Renewables as EU’s Top Power Source | Devamı>>>

Germany will significantly increase its use of coal to protect its energy resources before the winter months come, and Russia’s reduction in gas exports threatens the deficits in Europe’s largest economy.

The German government has stated that it will pass emergency laws to reopen coal plants that are not used for electricity generation, and will auction gas supplies to industry to encourage businesses to reduce consumption. This shows the depth of concern about possible gas shortages in Berlin during the winter months, while Russia has reduced the capacity of the main gas export pipeline to Germany by 60%.

Germany Activates Coal Power Plants to Prevent Gas Shortage | Devamı>>>

Spanish power plants bought more natural gas to generate electricity on Wednesday than on any other day since records began, transmission system operator Enagas (ENAG.MC) said on Thursday.

While the extreme summer heat increases the demand for electric air conditioners, cheaper and renewable energy sources contribute less to the system. More expensive gas-powered utilities could close the gap, adding fears of supply disruptions in an already strained market to meet strong demand after Russia’s invasion of Ukraine and COVID-19.

Spain Breaks Daily Record Gas Demand for Power | Devamı>>>

Manufacturing, electricity, and oil and gas organizations around the world are experiencing a digital transformation that is leading to increasingly interconnected IT and OT environments.

Some organizations are looking to leverage new technology, such as cloud and 5G network, to accelerate this transformation. On the other hand, incorporating new technologies into their systems expands attack surface and leads to new risks.

As cyberattacks continue to evolve, ensuring cybersecurity defenses are resilient is paramount to keeping critical operations safe from delays and damages.

Cyber Attacks on Industrial Assets Cost Millions of Dollars | Devamı>>>

Iran’s oil minister has agreed to revive a long-stalled project to lay an undersea pipeline to carry gas to Oman, the Iranian state news agency IRNA reported on Saturday.

Iran has one of the world’s largest gas reserves, followed by Oman as it hopes to fill its energy-intensive industries and liquefied natural gas (LNG) export facilities. In 2013, the two countries signed an agreement worth $60 billion for Iran to supply gas to Oman via a submarine pipeline.

Iran to Revive Gas Pipeline Project to Oman, IRNA Reports | Devamı>>>

The European Commission plans to unveil a 195 billion euro plan to stop importing Russian fossil fuels by 2027, combining a faster rollout of renewable energy and energy savings with a switch to alternative gas supplies, draft documents show.

The draft measures, which could change before they are due to be published next week, include a mix of EU laws, non-binding schemes, and recommendations national governments could take up, including by revising their plans to spend the EU’s huge COVID-19 recovery fund to free up more funding for the energy transition.

EU Readies 195 Billion Euro Plan to Quit Russian Fossil Fuels | Devamı>>>

Germany wants to build four instead of three floating storage and regasification units (FSRUs) as it strives to replace Russian gas with liquefied natural gas (LNG) that can be sourced from many countries, the economy ministry said on Sunday.

Chancellor Olaf Scholz’s government is seeking alternatives to gas pipeline deliveries from Russia with the goal of reducing imports to zero in two years.

President Vladimir Putin’s decision to invade Ukraine shattered a belief held broadly over decades in Germany that economic cooperation with Russia would secure peace in Europe.

Germany Aims for Fourth FSRU in Race to Cut Off Russian Gas | Devamı>>>