Source claims OPEC and non-OPEC states finalizing results of meeting, agreement 'close'Business & Economy December 10, 17:07
Bloomberg: Non-OPEC states agree to cut oil production by more than 600,000 barrelsBusiness & Economy December 10, 16:22
More than 20 states that produce more than half of world's oil take part in OPEC meetingBusiness & Economy December 10, 13:05
Russian energy minister Novak sees 'no risk' OPEC agreement failsBusiness & Economy December 10, 12:43
Defense ministry organizes mass escape for Aleppo civilians via humanitarian corridorsWorld December 10, 12:38
Almost 18,000 civilians evacuated from areas of Aleppo controlled by militantsWorld December 10, 7:41
Russian swimmers win 11 sets of medals at FINA World Swimming Championships (25 m)Sport December 10, 7:00
Shiveluch volcano in Russia’s Far East spews ash to 11 km in airWorld December 10, 5:28
Ceasefire agreements enter into force near Damascus, in Idlib province ― mediaWorld December 10, 4:18
In the report, the EU confirms that market measures will not suffice if serious problems occur, and then mechanisms of the best use of gas storages and liquefied natural gas (LNG) regasification terminals must be implemented.
EU LNG receiving terminals’ capacities amount to about 200 billion cubic meters, but they are only 20% loaded as many companies sell the gas to Asia and Latin America and the sales could be curbed.
In general, the union’s strategy is to decrease the use of fossil fuels, gas in the first place, by improving the energy efficiency and switching to renewable resources. The EU will also promote forming gas prices on the basis of the spot market instead of linking them to oil.