The European Commission has unveiled a package of energy security measures to equip the EU for global energy transition so to address possible energy supply interruptions. Energy security is one of the cornerstones of the EU’s Energy Union strategy, which is a key political priority of the Juncker Commission.
EDF is under pressure to abandon or delay building Hinkley Point C, the flagship of the UK Government’s plan to provide generating capacity for 2025.
A new study released by the World Energy Council says lower oil prices and weakened Asian demand has resulted in the virtual disappearance of the price spread between the Japanese LNG and UK markets in 2016. Additionally, it notes that US prices remain depressed due to the continued build-up of domestic supplies.