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29th Mar 2024

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EU gas demand to rise, Australian company predicts

The surging price of gas triggered a six-fold increase in profit at Woodside, Australia's largest producer of liquified natural gas, and chief executive Meg O'Neill predicted demand from Europe will continue to grow as the continent struggles to quit Russian gas. "What we've seen is unprecedented," O'Neill told the Financial Times. "Prices at this level are not sustainable in the long run," he added.

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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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