Ukraine

European Union leaders struggled for hours during the 2-day summit which ended on Friday, to find a compromise on a deal aimed at curbing energy prices that have adversely affected households and businesses across the 27-nation bloc. Leaders, however, did agree on a proposal from the European Commission to move toward the joint purchase of natural gas and ensuring that the bloc’s storage facilities are nearly full to try to avoid another energy crisis tied to the EU’s dependency on Russian energy.
  • March 27, 2022
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The UK Prime Minister, Boris Johnson met executives from major nuclear utilities and technology companies to discuss ways of helping to speed up the development of new nuclear power stations. Johnson has announced that his government wants 25% of the country's electricity supply to be met by nuclear power.
  • March 23, 2022
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Czech billionaire Karel Komarek recently announced that he is exploring options to remove Gazprom from the longstanding gas storage joint venture between his oil and gas production company MND (Moravske Naftove Doly) and Gazprom Germania. Gas storage has become a strategic business since the EU agreed this month that member states should bring gas storage levels up to 90% capacity by the start of this October to prepare for the coming winter, so that the bloc is not so dependent on flows of Russian gas.
  • March 23, 2022
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In an extraordinary step to reduce energy costs, the Albanian government has ordered all cities to turn off lights in public buildings and streets when not in use. The order comes as the government faces an energy crisis caused by drought and power price spikes.
  • March 22, 2022
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Belgium’s ministerial committee has decided that the country’s nuclear energy plants will be extended until 2035 – ten years longer than had previously been planned. Energy Minister Tinne Van der Straeten said: "Doel 4 et Tihange 3 reactors would together provide 2GW of electricity as a supplement to renewable energies. This would be sufficient to power approximately 1.5 million homes."
  • March 21, 2022
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The Bulgarian government has announced that it will build at least one nuclear reactor at the functioning Kozloduy Nuclear power plant on the banks of the Danube river. It is estimated that if the project starts this year, the reactor will begin operating between 2028-30.
  • March 15, 2022
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