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The spectre of a European gas price cap returns
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
EU sanctions push stalls ahead of fourth anniversary of Russian invasion
As Europe marks the fourth anniversary of the Russia-Ukraine conflict, EU efforts to tighten sanctions on Moscow have stalled
European gas faces renewed strain after winter drawdowns
Sustained low temperatures have depleted storage levels and exposed the EU’s vulnerability to shocks even as the bloc moves ahead with phasing out all Russian imports
Europe’s rising energy security challenge
Across Europe, countries have grappled with balancing ambitious energy transition plans with realities about security of supply
Germany under pressure to solve Rosneft refinery problem
The Russian company’s German assets are under Berlin’s management and are exempt from sanctions, for now, but a permanent solution still needs to be found
Explainer: How the EU will wean itself off Russian gas
Questions remain about how the phase-out will be implemented and enforced in practice
From green goals to ground realities
As the EU remains deadlocked over its 2040 emissions goal, the IEA has tempered its climate rhetoric, forecasting that oil and gas will continue growing over the coming decades
Fear and loathing in US LNG buildout
Overall gas optimism is blighted by concerns over lingering regulatory and infrastructure hurdles that could hamper expansion of US LNG exports, weaken security and stifle AI ambitions
Hungary defends Russian energy use
Claims the country lacks alternatives to Russian oil and gas may be exaggerated, although higher costs and reduced security of supply are legitimate concerns.
Europe’s malaise offers risk and opportunity for Turkey
The EU and Turkey should look beyond stalled accession talks and towards a new partnership that encompasses energy integration and carbon alignment
EU Germany Renewables
Christian Ernhede
Brussels
28 August 2020
Follow @PetroleumEcon
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Berlin faces battle over climate targets

The German presidency of the EU Council aims for a recovery fuelled by renewables, but there is disagreement among member states over key climate targets

Germany's energy and climate ambitions appear to be increasingly aligned with those of the European Green Deal, but the country faces the challenge of convincing more reluctant member states before the end of its six-month presidency of the Council of the EU in December. Berlin is hoping to conclude negotiations on a climate law that will legally enshrine the bloc's 2050 climate-neutrality ambition and raise the emission reduction target for 2030 from the current 40pc below 1990 levels to 50-55pc. The file is a key priority for the presidency, but reaching an agreement may prove challenging. "The European Parliament is working flat out on the climate law, while EU governments are still at th

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