Energy in Germany

The Turkish energy exchange Enerji Piyasaları İşletme A.Ş. (EPİAŞ) and the European Energy Exchange (EEX) have signed a memorandum of understanding to underline their joint commitment to developing the Emissions Trading System (ETS) in Türkiye.

With anxiety in Europe escalating over Moscow's stance after the end of the ten-day maintenance period on the Nord Stream 1 pipeline on July 21, Prime Minister Kyriakos Mitsotakis called a meeting on the country's energy supply security measures.

In his video address, Zelensky recalled that the Ukrainian Ministry of Foreign Affairs had invited the Canadian representative because of what he considered to be an absolutely unacceptable exclusion from the sanctions regime against Russia, reports Interfax Ukraine.

The European Union is facing a serious natural gas supply crisis, with high prices likely to persist for another two years or so. This opinion was expressed by Bloomberg columnist Javier Blas, who deals with economic issues and the world energy situation.

Russian gas deliveries via Nord Stream - the main pipeline for gas exports from Russia to Europe - will be temporarily suspended from this morning until July 21 due to planned annual maintenance work on the pipeline. In this way, natural gas from Russia will continue to enter Western and Central Europe through only one transit line through Ukraine.

The Canadian government says it will allow the delivery to Germany of equipment from a key Russia-Europe natural gas pipeline that has undergone maintenance _ equipment the absence of which Russia's Gazprom cited last month as a reason for more than halving the flow of gas.

Germany said on July 8 it hopes to convince Canada to deliver a turbine needed to maintain the Nord Stream 1 gas pipeline, with Russia waiting on the machine's arrival before increasing supplies.

Russian gas company Gazprom announced last week that it was reducing supplies through the Nord Stream 1 pipeline for technical reasons

The European Energy Exchange (EEX) expects to expand power trading in Serbia, Bulgaria and Slovenia this year, having raised power futures volumes in 2018 across Europe by 19 percent, Chief Executive Peter Reitz said, reports Reuters. 

Greece plans to launch a power trading exchange next year to reform its electricity market in line with European plans for an interconnected energy grid which will help cut costs and improve energy security, it said on Tuesday.

Greece's wholesale electricity market is currently based on a mandatory pool system.