Tag: EUROPEAN UNION

EU asks IEA to assess medium-term impact of strategic reserve release

The European Union has asked the International Energy Agency (IEA) to assess the medium-term impact that the release of 400 million barrels of oil from strategic reserves will have on supply security, the European Commission said

EU renews sanctions on Russia for another six months

The Council of the European Union has renewed economic sanctions against Russia for a further six months, until 31 July 2026, in response to its war against Ukraine

Trump urges EU to boost US energy imports or face tariffs

U.S. President-elect Donald Trump said that the European Union, already the biggest buyer of U.S. energy, should step up U.S. oil and gas imports or face tariffs on the bloc’s exports

EU adopts new sanctions against Russia, including LNG

European Union countries adopted a 14th package of sanctions on Russia that aims to close some loopholes and hits Russia’s gas exports for the first time, EU foreign ministers said

Denmark pins green credentials on end to North Sea oil hunt

Denmark hopes that by deciding to stop its search for North Sea oil and gas it can become a credible trailblazer in fighting climate change, its climate minister said

EU considers binding methane emissions standards for gas

The European Union is considering binding standards for natural gas to limit emissions of methane, the second-largest contributor to global warming after carbon dioxide