One of the latest publications from the Oxford Institute for Energy Studies (OIES) casts some doubts about the need and implementation of centralised capacity mechanisms proposing an alternative solution to complement the energy-only markets. At EU level the discussion about the introduction of capacity mechanism has a long story, and the EC is not completely favourable to them.
The Italian Prime Minister has given the green light to the TAP, but the government seems more divided than ever and uncapable of establishing ad following a common energy strategy.
The agreement to bring gas from Cyprus to Egypt for further export signed on the 19th of September could be a starting point to develop Eastern Mediterranean gas resources.
After the last Opec meeting, the oil market is in turmoil, with instability in Venezuela and Libya, and Iran ready to defend its place in the oil market.
After months of controversies, scandals and debate about his role as the Administrator of the US Environmental Protection Agency (EPA), Scott Pruitt finally submitted his resignation to President Donal Trump. What’s going to happen thereafter remains to be seen.
On Friday 22 of June Opec agreed to increase production to keep prices under control.
The deal preserved the unity of the group and reassured the market, but it is vague and it does not clarify who is going to pump more oil, and how much it will be.
The upcoming OPEC meeting of June 22 will be filled with tensions between those willing to incease output, and those who are not. The U.S. closely watching
Saudi Arabia is planning to diversify its energy mix away from oil, to increase the share of energy generated by renewable sources, with a specific focus on solar power.
The Five Star Movement has released an energy programto make Italy more sustainable and independent.
Unfortunately, it shows tendencies to autharchy and lack of practicality.
After long negotiations Angela Merkel’s conservatives (CDU/CSU) and the Social Democrats (SPD) seem to have reached an agreement to form a new government coalition, and setting up a coal phase- out plan is one of the main pillars of the treaty.