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29th Mar 2024

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Von der Leyen in Azerbaijan to seal EU gas deal

European Commission president Ursula von der Leyen will visit Baku on Monday in a bid to seal a gas export deal, Reuters reported. "Amid Russia's continued weaponisation of its energy supplies, diversification of our energy imports is a priority," the commission tweeted. The bilateral deal aims to increase exports to the bloc, via the Southern Gas Corridor, with at least 20 billion cubic metres of gas annually by 2027.

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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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