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Latest EU sanctions largely toothless
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
Difficult times for Germany’s downstream
Europe’s refining sector is desperately trying to adapt to a shifting global energy landscape and nowhere is this more apparent than in its largest economy
An end to EU green illusions
EU industry and politicians are pushing back against the bloc’s green agenda. Meanwhile, Brussels’ transatlantic trade deal with Washington could consolidate US energy dominance
EU faces tough task following Japan LNG model
The bloc may find it very difficult to replicate Japan’s approach due to fundamental differences in policy and markets
Europe’s hard choices on gas security
EU half measures over storage regulation, geopolitical risks to ending Russian gas, power outage questions and China’s LNG resale leverage make for a challenging path ahead.
LNG importers decry EU methane rules
Industry says compliance is near-impossible and have called for more clarity to prevent cargoes being redirected
EU and UK look to security beyond gas
The scars of the Russia crisis have accelerated Europe’s push to wean itself off gas dependence as the growing globalisation of LNG becomes a double-edged sword
Hydrocarbon Processing Refining Databook 2025: Europe, Russia & CIS
EU net-zero polices have shifted refining investment among member states, while across the region countries and companies continue to adjust to changes in trade flows caused by the war in Ukraine
The case for easing EU gas storage rules
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
Europe faces perilous year without Ukraine gas transit
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
EU Germany Renewables
Christian Ernhede
Brussels
28 August 2020
Follow @PetroleumEcon
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Berlin faces battle over climate targets

The German presidency of the EU Council aims for a recovery fuelled by renewables, but there is disagreement among member states over key climate targets

Germany's energy and climate ambitions appear to be increasingly aligned with those of the European Green Deal, but the country faces the challenge of convincing more reluctant member states before the end of its six-month presidency of the Council of the EU in December. Berlin is hoping to conclude negotiations on a climate law that will legally enshrine the bloc's 2050 climate-neutrality ambition and raise the emission reduction target for 2030 from the current 40pc below 1990 levels to 50-55pc. The file is a key priority for the presidency, but reaching an agreement may prove challenging. "The European Parliament is working flat out on the climate law, while EU governments are still at th

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