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Explainer: How the EU will wean itself off Russian gas
Questions remain about how the phase-out will be implemented and enforced in practice
From green goals to ground realities
As the EU remains deadlocked over its 2040 emissions goal, the IEA has tempered its climate rhetoric, forecasting that oil and gas will continue growing over the coming decades
Fear and loathing in US LNG buildout
Overall gas optimism is blighted by concerns over lingering regulatory and infrastructure hurdles that could hamper expansion of US LNG exports, weaken security and stifle AI ambitions
Hungary defends Russian energy use
Claims the country lacks alternatives to Russian oil and gas may be exaggerated, although higher costs and reduced security of supply are legitimate concerns.
Europe’s malaise offers risk and opportunity for Turkey
The EU and Turkey should look beyond stalled accession talks and towards a new partnership that encompasses energy integration and carbon alignment
European gas in strong position as winter looms
Plentiful supplies of LNG and weaker competition from Asia mean the continent looks in good shape ahead of the cold season
GECF pours cold water on US-EU energy trade deal
The framework deal is more about symbolic transatlantic solidarity more than increasing actual trade volumes, according to the GECF
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
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
Oil demand ramps up air miles
Jet fuel will play crucial role in oil consumption growth even with efficiency gains and environmental curbs, with geopolitical risks highlighting importance of plentiful stocks
Outlook 2025
EU Transport fuel
Luis Cabra
16 January 2025
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Outlook 2025: Europe must take new approach to transition

The EU should turn the page on its prescriptive approach and encourage innovation and competition, with biofuels and biogas being an essential part of the conversation

Energy has been an agent of prosperity and growth for society since time immemorial. It has fuelled every societal revolution, and its history is that of the advancement of civilisation. Yet today in Europe we find ourselves in the sobering situation where energy has become a barrier to prosperity and wellbeing. In 2025, a new European Commission will kick off its legislative cycle, an opportunity that we should not squander if we want Europe to remain a leading economic player. Europe must be smarter about its energy transformation and recalibrate some of the complexities of the previous legislature, whose unprecedented lawmaking spree was rushed through with more ambition than realism, mor

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