In brief | 12 September '24
IEEFA: European LNG import terminals are used less as demand drops
European Union (EU) LNG import terminals are being utilised less as demand for the fuel continues to decline across the continent.
ECA: EU recovery fund probably not as green as claimed – auditors
The contribution of the Recovery and Resilience Facility (RRF) – the main pillar of the EU’s pandemic recovery fund – towards climate action and the green transition is unclear, concludes a new report by the European Court of Auditors.
Bloomberg: Germany lines up with Spain against EU tariffs on Chinese EVs
- Spain’s Sanchez called on EU to halt tariff process during China visit
- German chancellor’s spokesman says Spain heading in right direction
Bloomberg: China asks its carmakers to keep key EV technology at home
- Firms encouraged to export knock-down kits, assemble locally
- India, Turkey mentioned specifically with regard to investment
Reuters: Turkish nuclear plant delayed by withheld Siemens parts, China to supply
The opening of Turkey's first nuclear plant has been delayed after Germany's Siemens Energy withheld key parts, prompting Russia's Rosatom, the builder and owner, to buy them in China, the Turkish energy minister said.
Reuters: Brazil asks EU to hold off on implementing deforestation law
Brazil has urged the European Union not to implement regulations in its deforestation law at the end of the year as scheduled and asked for it to be revised to avoid hurting Brazilian exports.
Reuters: Vitol-backed VPI to invest up to 450 mln euros in German battery projects
Power firm VPI, backed by the world's largest energy trader Vitol, will invest up to invest up to 450 million euros over the next three to five years in battery projects in Germany, VPI’s chief executive told Reuters.
