Space Industry and Business News  
ENERGY NEWS
EU presidency to convene 'urgent' energy talks
By Jan FLEMR
Prague (AFP) Aug 26, 2022

The Czech prime minister said Friday the EU presidency held by his country would convene urgent talks to deal with the current energy crisis following Russia's invasion of Ukraine.

The Czech presidency "will convene an urgent meeting of energy ministers to discuss specific emergency measures to address the energy situation," Prime Minister Petr Fiala said on Twitter.

Approved by European Commission head Ursula von der Leyen, the move comes as the 27-nation bloc is trying to shed dependence on supplies of Russian oil and gas following the Ukraine invasion that began on February 24.

Reduced supplies and anxiety over the future have sparked rocket growth in energy prices across Europe.

Czech Industry and Trade Minister Jozef Sikela said the EU Energy Council should meet "at the earliest possible date".

"We are in an energy war with Russia and it is damaging the whole EU," he said on Twitter.

On Friday, Germany and France reported record electricity prices for 2023 as the year-ahead contracts jumped to 850 euros ($850) per megawatt hour in Germany and to more than 1,000 euros in France from 85 euros in both countries last year.

The European Commission is planning to cut EU dependency on Russian gas by two-thirds this year and end its reliance on Russian supplies of the fuel before 2030.

- 'Pan-European problem' -

Heavily dependent on gas imports from Russia, the Czech Republic vowed to make energy security its priority during its EU presidency which started on July 1.

Sikela said earlier the energy market had ceased to function properly amid the cut in Russian supplies.

"To some extent, the market has gotten out of control, market volatility no longer responds to good news, while the bad news is accumulating and it is pushing prices up," Sikela said.

"It's a problem of the entire Europe and of course if you have the European market and a pan-European problem, the easiest way to look for a solution is on the pan-European level," he told reporters on Wednesday.

Among possible solutions, Sikela mentioned price ceilings and the diversification of prices depending on the type of energy production.

The EU has targeted the Russian energy sector in its sanctions, banning coal imports from Russia.

Its plan to cut gas consumption across the bloc by 15 percent to cope with the energy price crisis came into effect earlier this month.

The aim is for the EU to be able to bolster its reserves of gas in time for what is likely to be a very tough winter.

Some member countries, however, have had carve-outs from strictly following the rule as they are too dependent on Russian supplies.


Related Links



Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


ENERGY NEWS
Lights out? Swiss brace for looming power shortages
Finhaut-Emosson, Switzerland (AFP) Aug 26, 2022
Switzerland is among the world's wealthiest countries, but its reliance on Russian gas and French nuclear power - both in short supply - has it bracing for power shortages and even blackouts this winter. With hundreds of hydropower plants spread across the Alps, Switzerland produces more than enough power in the summer months. However, the landlocked nation is forced to turn to imports when the cold sets in. That is not usually a problem, but this year, with the war in Ukraine, and Russia slas ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

ENERGY NEWS
Virtual reality revives Iraq's war-ravaged heritage

PPE can be recycled to make stronger concrete

Chinese giant acquires French game studio Quantic Dream

AI spurs scientists to advance materials research

ENERGY NEWS
US Navy military sealift command awards Inmarsat 10-year wideband follow-on contract

Compact QKD system paves the way to cost-effective satellite-based quantum networks

Satellite operators Eutelsat, OneWeb agree to merge

SKYNET 6A satellite passes Critical Design Review

ENERGY NEWS
ENERGY NEWS
MariaDB reimagines how databases deliver geospatial capabilities with acquisition

Space Systems Command awards GPS support contract to Lockheed Martin

Safran acquires Orolia and plans to become the world leader in resilient PNT

The face of Galileo

ENERGY NEWS
US to donate 8 helicopters to Czech Republic

Taiwan shows off most advanced fighter jet after China drills

Swiss head towards popular vote on US fighter jets purchase

German fighter jets to make debut in Indo-Pacific

ENERGY NEWS
Semiconductor giant Micron to invest $15 bn in Idaho

A quantum pump without the crank

MIT team reports giant response of semiconductors to light

Electron and nuclear spin qubits 2D array opens new frontier in quantum science

ENERGY NEWS
Hungary sacks weather service chief over inaccurate forecasts

The Lacuna Space water monitoring system

Launch Schedule for 3rd StriX-1 SAR satellite

Landsat 9 operations to transition from NASA to US Geological Survey

ENERGY NEWS
Engineering enzymes to help solve the planet's plastic problem

Tracking marine plastic drift from space

Germany, Poland say toxic algae found after fish deaths

Scientists say they have found low-cost way to destroy cancer-causing 'forever chemicals'









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.