MILAN – The spotlight is constantly on fuel in Europe, just after that Gazprom determined to increase the closure of the pipeline North stream consequently efficiently suspending the supply to the Continent. At the Ttf current market in Amsterdam, reference for exchanges, in the morning in contrast to yesterday’s closing at 240 euros for each megawatt hour, the values fell to 218 euros (-11%), recovering the amounts on Friday, soon after the jump promptly pursuing the Russian announcement of the closure of materials as a result of the Nord Stream 1. A fall that is also confirmed in the afternoon negotiations, with the current market that at this point believes in the likelihood that the EU will vote compact for a gas value ceiling.
Fuel, this is how the TTF market performs. A handful of operators price their costs, but now they are at the mercy of Putin
by Andrea Greco
August 26, 2022
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The EU needs “command” of the Amsterdam gasoline sector
The introduction of a gas value cap will not be the only proposal coming from Brussels and which will be discussed in the European Council of Power Ministers the up coming 9 September. There will also be the “separation” of the electrical power markets from the fuel one particular and a sequence of monetary support to nations around the world to assist businesses and families in the deal with of superior bills. But yet another novelty will arrive on the desk of ministers that will undoubtedly lead to discussion: to work out greater manage more than the inanziatio gas industry, which is Amsterdam as its reference middle in Europe.
The European Fee would be studying the possibility of intervening on the Title transfer function (in other words and phrases Ttf), where by the reference selling price of gasoline is preset, which is employed for the large vast majority of trades. Which includes people between Gazprom and its consumers in the Union.
It can be read through in a doc that will be submitted to the European Council: between the alternatives taken into thing to consider, the risk of “subjecting the FTT to economic supervision” by theEsmathe European Financial Instruments and Markets Authority, proven in 2011 with the undertaking of overseeing the economical markets of the EU.
The goal of this go? “Steering clear of attainable speculative moves” and the speculation of “establishing additional benchmarks” for gas “complementary” to the Ttf “to make certain a far better operating of the market” and superior respect the differences involving nations. In other words, greater management for a market that is analyzing the economic and not only financial destinies of the European Union, strengthening its regulations of procedure.
Moscow’s blackmail on gas: “No sanctions or we won’t reopen”
by our correspondent Claudio Tito
05 September 2022
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Moscow assaults Europe: “Cingolani program imposed by the US and the EU”
Meanwhile, a new attack on Europe arrives from Moscow. The Italian program for cutting down dependence on Russian energy sources, developed by the Minister for Ecological Transition Roberto Cingolani, “is imposed on Rome by Brussels, which in turn acts on orders from Washington, but in the conclude it will be the Italians who they will have to go through, “Moscow Overseas Ministry spokeswoman Maria Zakharova wrote in a publish on Telegram. “” Rome is driven to financial suicide by the Euro-Atlantic sanctioning frenzy “, and the result will be that Italian providers will be” ruined by the ‘brothers’ from overseas “, considering the fact that American providers right now” pay seven situations fewer for electrical power of the Italian kinds “, extra Zakharova.” The sanctions have grow to be an instrument of unfair opposition “versus Italian producers, adds Zakharova, according to which” when Italian companies collapse, they will be purchased cheaply by the Yankees
Italy total of coal. Electrical power vegetation pushed to the highest to help you save methane
by Valentina Conte, Andrea Greco
05 September 2022
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An intervention that will come a few hours right after the Russian Minister of Electricity Nikolai Shulginovaccording to which “Europe has no 1 to rely on other than the People in america, who are expanding LNG generation” and if “it strategies to entirely abandon Russian gas materials”, it should be risk-free to get to the aim ” to be equipped to do so by 2027 “. Shulginov, speaking to the Eastern Economic Discussion board, included that the European application of electricity independence from Russia will have several penalties. “The pricing predicament alone confirms that it is not that quick,” he noted.
“On leading of that, this will guide to a setback in the sector, such as the generation of chemical substances and gases. It will be a total new lifetime for Europeans. It is much too much for them,” he concluded.
The Mite prepare for the containment of organic gas consumption
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