Tag: European Union

Energy, Oil & Gas

EU sustainable investment surpasses $1.3trn since 2021

The European Union (EU) has attracted over €1.2 trillion ($1.3 trillion) in sustainable investment since 2021, with more than €320 billion invested in 2025 alone, as the bloc’s green finance framework supports clean energy, decarbonisation and energy security....

Energy, Oil & Gas

EU imports $12.8bn in green energy products in 2025

The European Union (EU) imported €11.4 billion worth of green energy products in 2025, including solar panels, biofuels and wind turbines, while exports totalled €4.6 billion, according to the latest trade figures, according to Eurostat, the statistical office of the EU....

Energy, Oil & Gas

Europe may need to cut winter gas demand by 7pc, report warns

The European Union faces potential gas shortages in winter 2026–2027, with storage at a record seasonal low of 72.4 per cent on October 3. The bloc may need to cut gas demand by 7 per cent, or 14 billion cubic metres, according to the Institute for Energy Economics and Financial Analysis (IEEFA)....

Energy, Oil & Gas

EU plans centralised energy purchases as prices rise

European Commission President Ursula von der Leyen has announced plans to strengthen joint energy purchasing across the European Union as rising gas and diesel prices increase pressure on member states and consumers....

Energy, Oil & Gas

EU fuel prices surge 23.8pc in August

Prices for fuels and lubricants for personal transport in the European Union (EU) rose 23.8 per cent year-on-year in August 2026, accelerating from increases of 13.7 per cent in June and 16.9 per cent in July, according to Eurostat....

Energy, Oil & Gas

Renewables supply 54.1pc of EU electricity in Q2 2026

Renewable energy sources accounted for 54.1 per cent of electricity generated in the European Union (EU) in the second quarter of 2026, slightly down from 54.3 per cent in the same period of 2025, according to Eurostat....

Energy, Oil & Gas

EU greenhouse gas emissions rise 0.3pc in Q1 2026

Greenhouse gas emissions from the European Union (EU) economy rose 0.3 per cent in the first quarter of 2026, reaching 837 million tonnes of CO₂ equivalent, according to figures from Eurostat....

Energy, Oil & Gas

EU energy imports remain stable in Q1 2026 as LNG volumes rise

European Union’s (EU) petroleum oil imports remained stable in Q1 2026, with values up 0.8% and volumes down 0.6%, while LNG volumes rose 2.9%. The US led oil and LNG supplies, while Norway dominated pipeline gas imports. ...

Energy, Oil & Gas

Egypt, EU seal $801m deal to expand renewable energy grid

Egypt and the European Union are strengthening their strategic energy partnership with a financing package of up to €690 million ($801 million) to upgrade and expand Egypt’s electricity grid. The funding includes a €600 million loan from EIB Global and up to €90 million in European Commission grants....

Energy, Oil & Gas

EU LNG imports fall, but reliance on US gas grows

European Union (EU) imports of liquefied natural gas (LNG) continued to decline in recent months, falling by 1.2 per cent between March and May 2026, according to a new analysis by the Institute for Energy Economics and Financial Analysis (IEEFA)....

Energy, Oil & Gas

EU to push for jet fuel diversification as Iran war threatens supply

The European Union (EU)​ will urge members to cut their dependence on Middle Eastern jet fuel and look into increasing imports from the US, in new guidelines expected next ‌week, an official source told Reuters, as the Iran war disrupts global supply....