Last Updated:November 15, 2024, 17:02 IST With falling costs, growing awareness, and coordinated efforts, the EV revolution could arrive sooner than expected. India’s shift to electric vehicles is not just an environmental necessity but also an opportunity to redefine its transportation landscape for the future. (Image: Shutterstock) India stands at the brink of a major … Read more
Attacks on Ukraine’s nuclear plants would be particularly serious, said Kharchenko, the analyst. Kyiv’s reactors currently provide 60 percent of the country’s total power output and any missile strikes on the energy infrastructure supporting those plants could put them out of commission. Last month, Ukraine urged the European Union for help, fearing Russia would soon … Read more
China added major gains to its critical mineral reserves and discovered more mineral deposits last year as it ramped up efforts to boost self-reliance and energy security, according to the Ministry of Natural Resources. Increased investment had led to “significant breakthroughs” in oil and gas exploration, while “substantial progress” was made in mineral resources, resulting … Read more
Having served as the CEO of EirGrid, the Irish Transmission System Operator, I understand that the energy transition cannot happen in isolation. Collaboration with our European partners is essential as we plan and develop new energy infrastructure. We are committed to working closely with neighboring countries across the Irish, Celtic and North seas, accelerating toward … Read more
“Energy security is a matter of national security! That’s why I’m going …” the Hungarian foreign minister wrote in an early morning Facebook post, ending the sentence a few hours later: “… to St. Petersburg.” After his three-hour meeting with Gazprom CEO Alexey Miller — who has been sanctioned by the United States and United … Read more
Commission spokesperson Olof Gill told POLITICO that the EU executive was “currently studying the contents of this letter,” while adding that it “stands ready to support the impact of [EU] member states in finding a solution together with Ukraine.” Budapest relies on Moscow for 70 percent of its oil imports — and on Lukoil for … Read more
Szijjártó claimed that Kyiv’s move “clearly violates” the EU’s 2014 association agreement with Ukraine. Hungary and Slovakia — also affected by the ban — have now begun talks with the European Commission, he added, a precursor to legal action. Ukraine argues it is simply trying to throttle a key source of revenue for Russia’s war … Read more
With Moscow making $180 billion from its oil exports last year, “it’s actually absurd to allow them to make this money by transporting this oil through Ukrainian territory, if the money is then being used to kill us,” Sovsun added. But Sovsun also hinted at a secondary aim for the ban: To overturn Hungary’s opposition … Read more
It is unclear whether the plan would involve exports of Azerbaijani gas via Russia, or if the volumes would be “swapped” between the two countries before they were shipped. Either way, according to Aura Sabadus, a gas markets expert with commodities intelligence firm ICIS, any deal would likely allow Moscow to collect at least some … Read more
Zelenskyy said he was “disappointed some world leaders have not yet confirmed their participation” at the Swiss summit. U.S. President Joe Biden, who is facing an election in November, has not confirmed his attendance, though he will be present at the G7 summit in Italy which takes place just before the Swiss gathering. Zelenskyy held … Read more
