Skip to main content


“Europe is running out of time to refill seasonally low natural gas inventories. The region is at risk of entering the winter with really low stockpile, just as demand for heating is at its highest,” wrote on Twitter Stephen Stapczynski, Singapore-based Bloomberg reporter.

“Spanish and Italian power prices hit record highs above 124 and 129 €/MWh resp. in last few days. We are most likely to break those levels this week on record fuels and poor wind forecasts. Power prices in Germany is also expected to reach highest level since Oct 2018 ~120,” wrote energy analyst Ashank Sinha.

European natural gas and electricity prices surged to new record high, also in relation to weak pipeline flows from Norway and Russia, and fears that US LNG deliveries could be delayed by Hurricane Ida.

Another factor: pricier European carbon credits. "Since bottoming out at €23.07 on October 28 last year, EUAs have risen by 160%,” wrote @CarbonReporter on Twitter.

Adding to existing complexities, Bloomberg reports that the head of Libya’s state energy company was suspended, the oil minister said, in a move that raises tensions and potentially threatens stability in a sector that serves as the OPEC nation’s financial lifeline.


China's Sinopec Corp plans to spend 30 billion yuan ($4.6 billion) on hydrogen energy by 2025, Reuters reports on Monday. In the hydrogen sector, this could turn out to be the most important piece of news of August.

Last week, quite a few hydrogen developments from China:

  • More than 20 provinces and 40 cities in China have published development plans worth trillions of yuan for hydrogen energy facilities, according to the state-run Economic Daily.
  • A fleet of 100 hydrogen-powered trucks have been delivered for the Xiong’an New Area construction project in Hebei Province, China - reported H2 View.
  • Investors see green hydrogen advancing as China signals support, wrote Bloomberg.


In a call on Thursday with John Kerry, Power Minister Shri Singh said “that India would be conducting competitive bids for green hydrogen in next 3-4 months to pave the road for viable usage of hydrogen as a fuel. India is looking at bids for 4000 MW of electrolysers capacity. The other countries need to come up with more electrolyser plants to bring down the costs.” The Indian government wants to mandate using green hydrogen in fertilizer and refining.

Meanwhile, Indian renewable energy company ACME Group signed a deal to set up a gigantic green ammonia projects in Oman.

The Samsung C&T trading division signed a deal with Namhae Chemical and Korea Southern Power (Kospo) to import and use clean hydrogen and clean ammonia.

Hyundai is about to host a virtual forum to present the its plans for a new 'wave’ of hydrogen-based products and technologies.

Japan’s Toyota said it would assemble integrated dual fuel cell (FC) modules in the United States.

Japan continues also its commitment and hydrogen partnership with Australia. Anglo-Australian Rio Tinto and Japan's Sumitomo Corporation are considering to construct a hydrogen pilot plant at Rio Tinto's Yarwun alumina refinery in Gladstone, Queensland.


As the debate about renewable energy is gaining traction (and getting heated) in France, Engie is eyeing hydrogen plans in France and Peru.

Meanwhile, Germany is eyes a partership with Namibia and Ukraine.

“Namibia .. has a lot of vast unused space. High wind speeds in Namibia mean that the generation of wind power is particularly profitable. Solar power harbours an even greater potential thanks to over 3,500 hours of sunshine per year. This is almost twice as much as Germany has to offer,” said Germany’s Federal Research Minister Anja Karliczek, after the decision to sign a deal with the ex colony.

Germany’s RWE Supply and Trading signed a deal with Ukraine’s Naftogaz, including “the development of green hydrogen and ammonia production and storage in Ukraine and its import to Germany.


The political campaign leading up to Germany's federal elections enters the final stretch, the final four weeks.

Over the weekend, the three most likely chancellor candidates (SPD, Greens and CDU) faced off. “Every problem costs money to solve, yet only climate was framed by asking the chancellor candidates what it's going to cost voters, or what they're going to lose,” wrote on Twitter reported William Noah Glucroft. Fact.

Climate change increased the intensity and likelihood of the rainfalls and floods in Germany, Luxembourg, Belgium and the Netherlands by about 3% to 19%, the World Weather Attribution initiative wrote. Probably a topic in the next round of the televised debate?


Last week, the Düsseldorf Higher Regional ruled that Nord Stream 2 gas pipeline is not exempt from European Union rules that require the owners of pipelines to be different from the suppliers of the gas that flows in them to ensure fair competition.

The decision came a day after the end of the Crimea Summit in Kiev.

Meanwhile, a new electricity connection between Estonia and Latvia was launched on August 25.


Apart from energy and carbon prices, significant the focus on foreign affairs: Afghanistan, but also Tunisia. On Wednesday the informal meeting of the European Defence ministers; on Thursday and Friday the informal meeting of the European Foreign ministers.

The EU Parliament and Council are starting meetings. In the energy field, the focus is on the Fit for 55 Package, and on buildings’ energy efficiency.

Next weeks politicians and officials will intensify their works. The current is an in-between week, at least in Brussels.

Only members who have access to this post can read and write comments.