Energy Industry

The UK Department for Business, Energy & Industrial Strategy (BEIS) has announced the launch of a €142 million (£120 million) Future Nuclear Enabling Fund (FNEF) to support development of new nuclear energy projects, stimulate competition in the industry and unlock investment across the UK.
  • May 19, 2022
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Finnish energy company Fennovoima is terminating the Hanhikivi 1 project that would have seen a nuclear plant constructed in Pyhäjoki on the western Hanhikivi Peninsula in cooperation with Russian nuclear energy giant Rosatom.
  • May 10, 2022
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Lithuania has opened a gas pipeline to Poland to offset some of the shortfall caused by Russia’s decision to cut off its supply to Warsaw, local media in the country reported Monday.
  • May 5, 2022
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In a much-awaited report, the EU Agency for the Cooperation of Energy Regulators (ACER) delivered its conclusion on the role played by wholesale electricity markets in the ongoing energy price crisis, exacerbated by Russia’s war in Ukraine. The report states: “Whilst the current circumstances impacting the EU’s energy system are far from ‘normal’, ACER finds that the current electricity market design is not to blame for the current crisis”.
  • April 30, 2022
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Deputy Prime Minister and Minister of Mining and Energy of Serbia, Zorana Mihajlović, has announced that the price of electricity for households will be increased. Serbia has not increased the prices of electricity for households since the beginning of the energy crisis, nor did most other Southeastern European countries in which prices are regulated by the state, but elsewhere the hikes were as high as 100%.
  • May 15, 2022
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Poland’s state gas giant, PGNiG said yesterday that it was gradually restoring the flow of natural gas to municipalities that lost it after a Russian company halted supplies in response to Poland's sanctions over Russia's invasion of Ukraine. The supply cut was a separate development from Russia's decision earlier this week to stop gas deliveries to Poland.
  • April 30, 2022
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