A group of eleven European gas infrastructure companies from nine EU member states presented on Friday (17 July) a plan to create a dedicated hydrogen pipeline network of almost 23,000 km by 2040, to be used in parallel to the natural gas grid.
The coronavirus pandemic has disrupted maintenance at oil and gas projects and refineries from Russia’s Far East to the coast of Canada, storing up problems for an industry already reeling from slumping prices, analysts say.
Oil and gas infrastructure as well as electric power stations could suffer major failures in the coming years if they are not adapted to withstand extreme weather caused by climate change, EU officials have warned.
European Commission President Jean-Claude Juncker insisted on Wednesday (26 July) that the EU is ready to retaliate “within days” if European companies are impacted by a US Congress decision to pass a bill that will punish firms that work with Russia on energy projects.
The US House of Representatives voted overwhelmingly on Tuesday (25 July) to impose tough new sanctions on Iran, North Korea and Russia, a move that will antagonise the Kremlin as well as European nations fearing economic ramifications.
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