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29th Mar 2024

Ticker

EU seeking more gas from Nigeria

The EU is seeking to import more liquid gas from Nigeria to make up for shortfalls from Russia, a senior EU Commission official has said. Oil and gas output had been reduced by lawlessness. But Nigerian officials told the EU side "Come and talk to us again at the end of August because we think we can deliver real progress on this", Matthew Baldwin, a Commission deputy director-general, told Reuters.

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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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