Thursday

28th Mar 2024

Ticker

Kurz signs gas deals with Putin in St Petersburg

Russian president Vladimir Putin on Wednesday welcomed Austria's support for the Nord Stream 2 gas pipeline project. Meeting Austrian chancellor Sebastian Kurz in St Petersburg - their fourth meeting this year - a deal to extend long-term contracts of gas supplies to Austria by 2040 was signed. Austrian oil giant OMV recently signed a deal to take part in development of the Urengoy oil and gas condensate field, Tass reported.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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