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Energy firms on alert after flooding in Europe: Update

  • : Electricity, Natural gas, Oil products
  • 24/09/16

Adds details throughout

Torrential rain has led to major flooding across large swathes of central and eastern Europe, causing power outages and significant damage to transport infrastructure in southwest Poland and the Czech Republic. Parts of Austria, Germany, Hungary, Slovakia and Romania are also affected.

In Poland, most of the affected areas so far are in the southwest of the country close to the border with the Czech Republic including the towns of Jelenia Gora, Klodzko, Nysa and Glucholazy. Urban areas further down the Odra river are also at risk including the cities of Wroclaw and Opole, where elevated water levels are expected in the coming days.

The Polish government held an emergency meeting earlier today and a state of emergency has since been declared in the affected areas.

Polish utility company Tauron, which operates the electricity distribution network in the worst affected area, said some of its infrastructure was disconnected in several towns including Klodzko and Glucholazy. But Poland's power grid operator PSE said there has been no damage to transmission infrastructure. Likewise, Polish gas pipeline operator Gaz-System said it has not suffered any damage but remains in crisis mode.

Polish train operator PKP Intercity suspended passenger rail traffic to and from the Czech Republic on 15 September until further notice, while local TV showed images of damaged road and waterways infrastructure, including bridges and dams as well as retail fuel stations.

Poland's wholesale coal market, which is usually busy in the autumn, could stall in flood-hit areas for a few weeks as priority is given to the clean-up operation and repairing transport infrastructure, according to traders in the country. But Polish biofuel firm Bioagra, which operates a bioethanol plant near the flood-hit town of Nysa, told Argus that the facility continues to operate normally.

In the Czech Republic, Orlen Unipetrol — operator of 108,000 b/d Litvinov and 66,000 b/d Kralupy refineries — said all its production sites continue to operate although the company has shut 11 of its service stations in the country. The firm said its crisis management team at each production site is monitoring the situation and it is in contact with authorities. Elsewhere in the Czech Republic, utility Veolia has had to shut plants in Ostrava and Krnov.

Hungarian oil firm Mol — which operates service stations in Poland, the Czech Republic and Slovakia, as well as refineries in Hungary and Slovakia — told Argus that preparatory flood prevention works are underway. It is in contact with authorities and there is currently no threat to security of fuel supply, it said.

Hungarian authorities expect water levels on the river Danube at Budapest to continue rising until the weekend, which could affect Veolia's 428MW gas-fired power plant at Gonyu upstream from the capital and potentially power firm MVM's 2GW Paks nuclear plant downstream from Budapest. Floods on smaller rivers Lajta and Raba in northwest Hungary are also yet to peak.

Austrian refiner OMV said it has put in place precautionary safety and mitigation measures at its 193,700 b/d Schwechat refinery and two other sites at Gansendorf and Lobau in the federal state of Lower Austria, which was declared a disaster region on 15 September. No damage to property or people has been reported so far but OMV has closed four retail stations temporarily in the state as a precaution, it said.


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25/07/16

BMUKN klärt Fragen zu RED III-Entwurf

BMUKN klärt Fragen zu RED III-Entwurf

Hamburg, 16 July (Argus) — Anbieter von Schiffskraftstoffen können ihre THG-Quote im nächsten Jahr auch durch im Straßen- oder Flugverkehr eingesetzte Erfüllungsoptionen erfüllen. Außerdem darf POME im nächsten Jahr weiterhin für die Erfüllung der Unterquote für fortschrittliche Kraftstoffe genutzt werden, jedoch nicht auf die THG-Quote selbst. Das Bundesministerium für Umwelt, Klimaschutz, Naturschutz und nukleare Sicherheit (BMUKN) hat am 15. Juli auf seiner Webseite diese und weitere Fragen zum Referentenentwurf zur Umsetzung der RED III in deutsches Recht beantwortet. Die Frage-und-Antwortseite soll letzte Unklarheiten der Branche klären, bevor die Rückmeldefrist für Verbände am 18. Juli endet. Eine wichtige Richtigstellung bezieht sich hierbei auf die Funktionsweise der Marinequote im nächsten Jahr. Der Referentenentwurf sieht ab 2026 eine separate THG-Quote für den Seeverkehr abseits des Land- und Flugverkehrs vor. Diese Quote bezieht sich sowohl auf die See- sowie Binnenschifffahrt und wird die gleiche Höhe von 12 % im Jahr 2026 sowie auch die gleichen Unterquoten und Obergrenzen haben. Beide Quoten werden getrennt behandelt, sodass die Quotenverpflichtung für Anbieter von Straßen- und Flugverkehrskraftstoffen nicht durch den Einsatz von erneuerbaren Kraftstoffen im Seeverkehr erfüllt werden kann. Andersherum können aber für die Marinequote verpflichtete Unternehmen, Zertifikate aus dem Straßen- und Flugverkehr nutzen. Dies könnte die Nachfrage nach Straßenkraftstoffen mit hoher THG-Einsparung wie beispielsweise Biomethan als Bio-LNG oder CNG erhöhen, da diese sowohl die THG-Quote für Land- und Luft wie auch die für Schiffe effizient erfüllen können. Außerdem stellt das Ministerium klar, dass Biokraftstoffe aus POME (Palmmühlenabwasser) auf die Unterquote für fortschrittliche Biokraftstoffe angerechnet werden können, jedoch nicht auf die THG-Quote. Unternehmen können ihre Unterquote also durch Biodiesel oder HVO aus POME erfüllen, jedoch generiert das Inverkehrbringen dieser Biokraftstoffe keine THG-Zertifikate. Grund für diese Regelung ist, dass Deutschland zur Umsetzung der RED III verpflichtet ist, welche POME als fortschrittlichen Biokraftstoff anerkennt. Jedoch sollte POME hierdurch in Deutschland sehr unattraktiv werden. Marktteilnehmer nehmen bisher keine Auswirkung auf die THG-Zertifikatspreise durch die Frage-und-Antwortseite des Ministeriums wahr. Seit Ende letzter Woche hatten sich die Preise für Zertifikate der Kategorie 'Andere' bei circa 144 €/t CO2e eingependelt. Dies war auch der Frist zur Anmeldung der Treibhausgasminderungen für das THG-Verpflichtungsjahr 2024 geschuldet, die am 15. Juli endete und den THG-Zertifikatsmarkt in den letzten Wochen beruhigt hatte. Von Svea Winter Senden Sie Kommentare und fordern Sie weitere Informationen an feedback@argusmedia.com Copyright © 2025. Argus Media group . Alle Rechte vorbehalten.

Heizölabsatz in 2025 übertrifft 2024 bis jetzt deutlich


25/07/16
25/07/16

Heizölabsatz in 2025 übertrifft 2024 bis jetzt deutlich

Hamburg, 16 July (Argus) — Die bisher in 2025 an Argus gemeldeten Heizölvolumen übersteigen die Mengen des gleichen Zeitraum des Vorjahres deutlich. Die hohe Bevorratung bei verhältnismäßig niedrigen Preisen sowie vermehrte Panikkäufe während des Kriegs zwischen dem Iran und Israel sind ausschlaggebend. Seit Mai gleichen sich die Volumen jedoch zunehmend an, im Juli deutet sich sogar ein im Vergleich geringeres Volumen in diesem Jahr an. Endverbraucher zeigten sich besonders im März 2025 kauffreudig. Die an Argus gemeldeten Heizölvolumen lagen im März knapp 74 % über dem Vorjahr (siehe Grafik). Im April hielt sich das Kaufinteresse dann auf höherem Niveau. Endverbraucher nutzten die zu dem Zeitpunkt günstigeren Preise, um sich mit Heizöl zu bevorraten. Mitte März erreichten die Heizölpreise im Bundesdurchschnitt ihren niedrigsten Stand seit Anfang des Jahres. Der Einbruch der ICE Gasoil Futures im April nachdem US-Präsident Trump eine Reihe von Strafzöllen auf verschiedene Länder verkündete — so unter anderem auf Kanada und China — stützte diese Entwicklung. Die Heizölpreise sanken in der Folge auf ein neues Jahrestief bei unter 70 €/100l und hielten sich bis Mitte Juni auf diesem Niveau. Darüber hinaus haben Händler für 2025 weniger Termverträge abgeschlossen . Grund hierfür waren zum einen Unsicherheiten über die Entwicklung der Nachfrage. Zum anderen gestaltete sich auch die Produktion in Deutschland unklar mit dem ausstehenden Verkauf von Rosnefts deutschen Vermögenswerten, inklusive Anteilen an drei Raffinerien, sowie dem geplanten Ende der Rohölverarbeitung im Werksteil Wesseling (147.000 bl/Tag) der Rheinland-Raffinerie. Händler sind daher in diesem Jahr auf mehr Spotkäufe angewiesen, um den Bedarf zu decken. Im Juni kamen dann noch kurzzeitige Panikkäufe im Zuge des Kriegs zwischen Israel und dem Iran hinzu. Endverbraucher befürchteten eine Knappheit in Europa, sollte der Iran die Straße von Hormus sperren, und deckten sich daher mit Produkt ein. Laut Schätzungen von Argus wird etwa ein Fünftel des global Bedarfs an Rohöl und Ölprodukten durch die Straße von Hormus transportiert. Endverbraucher sind daher für die Jahreszeit unverhältnismäßig gut bevorratet. Laut Daten von Argus MDX erreichte der bundesdurchschnittliche Füllstand der privaten Heizöltanks im Juli sein für die Jahreszeit höchstes Niveau seit 2020. Am 14. Juli lag der durchschnittliche Füllstand bei rund 56,1 %, etwa 3,3 Prozentpunkte höher als am selben Tag im Vorjahr (siehe Grafik). Seit Mai halten sich die Heizölabsätze daher insgesamt nur knapp über den Niveau von 2024. Ein allgemein unattraktiveres Preisbild sowie warme Temperaturen bei zeitgleich hohen Füllständen führen dazu, dass Endverbraucher keinen dringenden Bedarf an weiteren Zukäufen haben. Zumeist halten sich Kunden daher derzeit zurück und warten niedrigere Preise ab, sodass Anbieter von einem ungewöhnlich ruhigem Markt sprechen. Händler erwarten, dass die Nachfrage erst zum Herbstanfang wieder signifikant ansteigen wird. Der Einbruch der Heizölabsätze macht sich bereits im Juli kenntlich . Die an Argus gemeldeten Volumen liegen zur Monatsmitte bei nur knapp ein Viertel der Mengen im Vorjahr. Tagesdurchschnittlich wurden im Juli bislang ebenfalls deutlich weniger Mengen gemeldet als in 2024 mit einem Rückgang um über 53 %. Von Natalie Müller An Argus gemeldete Heizölmengen, kumulativ Füllstand der privaten Heizöltanks am 14. Juli Senden Sie Kommentare und fordern Sie weitere Informationen an feedback@argusmedia.com Copyright © 2025. Argus Media group . Alle Rechte vorbehalten.

Trump touts $92bn in investments in AI, energy


25/07/15
25/07/15

Trump touts $92bn in investments in AI, energy

Washington, 15 July (Argus) — President Donald Trump said today his administration would fast-track permitting and take other steps to support billions of dollars in recently announced investments in Pennsylvania tied to artificial intelligence and energy production. Trump said an estimated $92bn in investments announced Tuesday would ensure the future will be "designed, built and made right here in Pennsylvania." The investments include data centers to support artificial intelligence, gas-fired power plants, nuclear power plants, pipeline upgrades, and natural gas supply agreements, although many of the projects announced appear to be early in development. "We're building a future where American workers will forge the steel, produce the energy, build the factories," Trump said at the Pennsylvania Energy and Innovation Summit at Carnegie Mellon University. Among the projects are plans to invest billions of dollars on the redevelopment of retired coal plants into sites that would host new gas-fired plants that would be co-located with data centers. Technology firms hope that developing data centers next to power plants will sidestep the years-long wait that would be required to upgrade the grid to supply their facilities with electricity. "You're going to build your own electric factory, and you're gonna make your own electricity," Trump said. "You can sell it back into the grid, you'll even make money from the electric business." Those projects include a plan by the firm Frontier Group to develop the site of the retired 2.7GW Bruce Mansfield coal plant into a "significantly larger" gas plant that would also host a "prospective" data center. Investment firm Knighthead Capital Management said it plans to repurpose the retired Homer City coal-fired power plant into a data center that will include 4.4GW in gas-fired power generation. Other projects will upgrade existing power plants. The firm Capital Power said it will spend $3bn over the next decade to expand a gas plant in Shamokin Dam, Pennsylvania. Google said it has reached a $3bn agreement for electricity from two hydropower facilities in Pennsylvania. Constellation Energy said it was investing $2.4bn to upgrade its Limerick nuclear power plant. Trump said he was directing his administration to issue permits quickly for power plants proposed to supply electricity for data centers, with an apparent joke that the world's largest power plant would obtain environmental permits in "about a week" and about two weeks for nuclear plants. "These are permits that would have taken you literally 10 years to get," Trump said. "It's crazy all over the country, but we're freeing it up." The Trump administration has argued that making the US the leader in AI is one of its highest priorities. US interior secretary Doug Burgum said the administration determined early on that "losing the AI arms race" to China would be an "existential threat" such that it justified a declaration of an "energy emergency" to increase domestic energy production. "Energy dominance means prosperity at home, it means peace abroad, it's how we end wars, it's how we build and advance every industry we have," Burgum said. The administration has cited its support for AI to justify slowing the development of wind and solar projects they see as incompatible with the industry's demand for baseload power. Trump said wind "doesn't work" for data centers, and Burgum said he was "completely opposed to having unreliable, unaffordable intermittent energy as our future." Other administration officials have touted efforts to build more fossil fuel infrastructure. "This administration, we're going to make it much, much easier to build new power plants, new infrastructure, even transmission lines, natural gas pipelines," US energy secretary Chris Wright said during an interview with CNBC on the sidelines of the summit. By Chris Knight Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Trump to limit US weapon use by Ukraine


25/07/15
25/07/15

Trump to limit US weapon use by Ukraine

Washington, 15 July (Argus) — President Donald Trump's change of position on continued US weapons supply to Ukraine has revived a dilemma his predecessor had to consider: whether to place limits on Kyiv's ability to carry out strikes deep inside Russia's territory. Trump on Monday approved a plan to continue supplying US weapons to Ukraine, which will be financed by contributions from the EU and other NATO members. But he told reporters Tuesday that he is not considering providing long-range missiles to Ukraine and said that Kyiv "shouldn't target Moscow" with US weapons. The range of western-supplied missiles is well short of the distance from the Ukraine-Russia border to Moscow. Former president Joe Biden's administration last year gave authorization to Kyiv to use western weapons against targets in Russian regions bordering northeast Ukraine and against military targets beyond the Russian-Ukrainian border. Other NATO members also have removed most restrictions on use of their weapons. The Biden administration warned Kyiv against attacks on Russian energy infrastructure. But Ukraine used its own military drones to target Russia's sprawling oil infrastructure last year, causing some disruptions but barely affecting the exports of Russian crude and refined products. Few such attacks have taken place this year, but Washington-based experts attribute that to a change in Ukrainian military tactics, which now target air fields, weapons depots and command centers instead of Russian energy infrastructure. Trump on Monday said he would impose "secondary tariffs" on Russia — meaning penalties for countries buying Russian oil and other products — unless Moscow takes steps in the next 50 days to stop its war in Ukraine. "At the end of 50 days, if we don't have a deal, it's going to be too bad," Trump said Tuesday. "The tariffs are going to go on and other sanctions." The Kremlin has had a restrained reaction to Trump's threat, saying "we certainly need time to analyze what was said in Washington" and advising to wait for President Vladimir Putin to respond directly. "We want to understand what the statement about '50 days' means," Russian foreign minister Sergei Lavrov said on Tuesday. "We previously heard of '24 hours' and '100 days'", Lavrov said, likely referencing Trump's vow to stop the fighting in Ukraine within 24 hours of taking office, subsequently amended by the White House to a pledge to stop the war in Ukraine within 100 days into his second term. The White House on 25 March announced that Moscow and Kyiv had agreed to implement the "energy ceasefire", but the Kremlin immediately attached new conditions to the agreement and continued attacks on civilian energy infrastructure in Ukraine. Trump in late March promised to impose a 25pc "secondary tariff" on Russian oil sales if the energy ceasefire deal failed. On 27 May, he gave Putin a two week deadline to make progress in peace talks with Ukraine. The Trump administration so far has refrained from imposing additional sanctions against Moscow and even exempted Russia from punitive tariffs imposed on nearly every US trading partner in April. By Haik Gugarats Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Q&A: Ships to use bioblends to comply with new IMO rule


25/07/15
25/07/15

Q&A: Ships to use bioblends to comply with new IMO rule

Sao Paulo, 15 July (Argus) — Bioblends are the best short-term option for ships to comply with International Maritime Organization (IMO) regulations set to be approved in October, according to Andrea Lucchesi , professor at the University of Sao Paulo and an expert on the impact of maritime regulations. Lucchesi, who presented research on the potential economic impacts of the IMO-approved carbon pricing mechanism at the Marine Environment Protection Committee (MEPC) 83 in April, spoke to Argus about the recent IMO agreement and the future of decarbonization in shipping. Edited highlights follow. Under the current IMO carbon pricing mechanism, which fuel emerges as the main solution for decarbonization? New studies are being conducted in this regard. As the details of the mechanism will still be defined in October, there is no clarity regarding the next bunker fuels, especially because we cannot just consider the decarbonization potential, but also the cost of port infrastructure and vessel adaptation. Also, the ports will adapt very slowly. What I can say is that the first fuel to be adopted in the transition phase will be the marine biofuel blends, because of their economic viability, emissions reduction potential and supply availability. Is the agreement, as it progressed in MEPC 83, economically and environmentally successful? The agreement approved on 11 April is historic. It is the result of more than seven years of negotiation and is the first to regulate an entire sector of the economy at the international level. Therefore, we consider the agreement a success, even though it has been modified from its initial design, and it is sufficient to achieve the goal of decarbonizing the maritime sector by 2050. Have the GHG reduction targets been made too flexible over the many years of debate? The study I conducted for the IMO aimed to measure the impact of this pricing mechanism, because if we try to accelerate decarbonization beyond market capacity, we will see very strong consequences, especially in developing countries. A more rigid goal is not appropriate. Do you believe the agreement will be approved in October as it was designed, despite the US opposing the measure? Yes. The US will try to influence the matter, but there is considerable support for the measures. They have already been widely debated in recent years. Is the mechanism, as it progressed in the April meetings, economically viable for the entire maritime chain to adapt? The agreement will impact countries very differently. We were careful to assess the impacts on food inflation and the potential impact on malnutrition in developing countries. There will be socioeconomic impacts, so the measures needed to be gradual, as they will be. For example, there needs to be time for ships to be retrofitted, investment in technical measures to increase efficiency, and fuel replacement. Another point is that port technology needs to be adapted. Therefore, the mechanism should begin pricing in 2028, with reduction targets ranging from a modest 4-17pc for the first year. In any case, the sector will have to adapt, because the agreement will be effective in punishing those who do not comply. This agreement will work. The IMO is an institution with the capacity to effectively monitor and punish, and there are mechanisms in place to do so. How much is expected to be raised from the carbon pricing? The revenue generation potential, as it stands today, is $1bn/yr in the initial years, with a growth trend in subsequent years. This revenue is intended to mitigate the socioeconomic impacts of the mechanism on small island nations and developing countries. By Gabriel Tassi Lara and Natalia Coelho Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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