{"id":552143,"date":"2022-08-15T13:32:06","date_gmt":"2022-08-15T13:32:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/natural-gas-prices-are-soaring-in-europe-thanks-to-climate-change-but-renewables-projects-still-face-bureaucratic-roadblocks\/"},"modified":"2022-08-15T13:32:06","modified_gmt":"2022-08-15T13:32:06","slug":"natural-gas-prices-are-soaring-in-europe-thanks-to-climate-change-but-renewables-projects-still-face-bureaucratic-roadblocks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/natural-gas-prices-are-soaring-in-europe-thanks-to-climate-change-but-renewables-projects-still-face-bureaucratic-roadblocks\/","title":{"rendered":"Natural gas prices are soaring in Europe thanks to climate change \u2014 but renewables projects still face bureaucratic roadblocks"},"content":{"rendered":"

<\/a> Heatwaves in Europe are driving up gas prices:<\/strong> Benchmark futures for natural gas in Europe rose 2.5% today as low water levels in rivers across the continent have hindered the movement of energy sources such as diesel and coal, leading to more demand for gas, Bloomberg<\/a>reports. The low water levels come as a result of heat waves across Europe that are drying up rivers and waterways.<\/p>\n

Europe has already been contending with soaring gas prices and is facing the prospect<\/strong> of rationing in the coming months<\/strong>, after Russia curbed gas supplies<\/a> to several European countries, with shipments through the key Nord Stream pipeline at around 20% of capacity. The increased demand for gas could set back governments\u2019 efforts to reduce gas consumption and store more for colder months.<\/p>\n

With that energy crunch coming in hot, it\u2019s all the more important for Europe to slash red<\/strong> tape for renewables players:<\/strong> Two of the world\u2019s largest renewable energy companies are voicing their frustration over delayed approvals for new wind farms, arguing that such delays risk green goals, the Financial Times<\/a> reports, citing the companies\u2019 chief execs. Denmark\u2019s Vestas Wind Systems, the world\u2019s biggest wind turbine manufacturer, and \u00d8rsted, an offshore wind farm developer, are urging governments to accelerate approvals for projects in the wind industry that could face knotty processes and legal hurdles. Navigating the bureaucratic maze of approvals can be so arduous and time-consuming that \u201cturbine designs [become] obsolete by the time permits are granted,\u201d the salmon-colored paper says.<\/p>\n

Governments need to step it up:<\/strong> \u201cWe need a fundamental review on how we dramatically shorten the consenting process,\u201d \u00d8rsted chief executive Mads Nipper said. Vestas chief executive Henrik Andersen believes that the government is not exerting much effort in solving the energy crisis. \u201cWe spend a lot of time listening to why they\u2019re going to apologize for why they didn\u2019t do what they should have done in the past five years. There is a task force required in every government right now that needs to accelerate permitting,\u201d Andersen said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Heatwaves in Europe are driving up gas prices: Benchmark futures for natural gas in Europe rose 2.5% today as low water levels in rivers across the continent have hindered the movement of energy sources such as diesel and coal, leading to more demand for gas, Bloombergreports. The low water levels come as a result of […]<\/p>\n","protected":false},"author":1,"featured_media":552144,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[2871,7286,633,638,151,506],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-552143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-rsted","tag-climate","tag-enterprisepm","tag-for-your-commute","tag-renewables","tag-vestas-wind-systems","wpautop","entry"],"acf":{"mongo_id":"a1009acf-cbe8-405d-87d9-f6b3518466c2","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/8\/539.jpg","photo_position":"above","related_issue":[552139],"teaser":"","voice_url":""},"yoast_head":"\nNatural gas prices are soaring in Europe thanks to climate change \u2014 but renewables projects still face bureaucratic roadblocks - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/natural-gas-prices-are-soaring-in-europe-thanks-to-climate-change-but-renewables-projects-still-face-bureaucratic-roadblocks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Natural gas prices are soaring in Europe thanks to climate change \u2014 but renewables projects still face bureaucratic roadblocks\" \/>\n<meta property=\"og:description\" content=\"Heatwaves in Europe are driving up gas prices: Benchmark futures for natural gas in Europe rose 2.5% today as low water levels in rivers across the continent have hindered the movement of energy sources such as diesel and coal, leading to more demand for gas, Bloombergreports. 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The number of agreements for shipments of carbon neutral LNG around the world has dropped to less than 10\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/475.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558084,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/23\/europes-gas-debacles-seem-to-only-get-worse\/","url_meta":{"origin":552143,"position":1},"title":"Europe\u2019s gas debacles seem to only get worse","author":"enterpriseam admin","date":"23 September 2021","format":false,"excerpt":"The latest in the European natgas crisis blame game: The International Energy Agency (IEA) has said that Russia should increase its supply of natural gas to Europe, as skyrocketing prices threaten a winter energy crisis across the continent. The IEA \u2014 which is payrolled by mostly Western nations to advise\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/572.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545419,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/28\/renewable-energy-projects-get-weighed-down-by-russia-ukraine-war-europe-scrambled-to-secure-lng-ships\/","url_meta":{"origin":552143,"position":2},"title":"Renewable energy projects get weighed down by Russia-Ukraine war + Europe scrambled to secure LNG ships","author":"enterpriseam admin","date":"28 March 2022","format":false,"excerpt":"Soaring global inflation on the back of the Russia-Ukraine war is weighing down on renewable energy projects. More expensive raw materials (particularly aluminum and steel), coupled with rising transport costs (thanks to the jump in oil prices), have forced renewables players to grapple with more delays and hike the prices\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/579.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549031,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/31\/eni-could-establish-10-gw-of-solar-and-wind-projects-in-egypt-looks-to-boost-gas-exports-to-europe\/","url_meta":{"origin":552143,"position":3},"title":"Eni could establish 10 GW of solar and wind projects in Egypt, looks to boost gas exports to Europe","author":"enterpriseam admin","date":"31 August 2022","format":false,"excerpt":"Eni to go big on Egypt\u2019s renewable energy sector? Eni could establish 10 GW of renewable energy projects in Egypt \u201cin the forthcoming years,\u201d the Italian energy giant said in a statement yesterday. The company\u2019s CEO, Claudio Descalzi, \u201cagreed on the opportunity to implement\u201d the solar and wind projects during\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/447.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558049,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/21\/europe-is-getting-squeezed-on-gas-supplies-they-should-look-across-the-med\/","url_meta":{"origin":552143,"position":4},"title":"Europe is getting squeezed on gas supplies. They should look across the Med.","author":"enterpriseam admin","date":"21 September 2021","format":false,"excerpt":"European governments look set to spend EUR bns to subsidise households gas and electricity bills, as record high prices threaten a winter energy crisis across the continent, the Financial Times reports. Italy is expected to follow France in announcing an EUR multi-bn support package to help households pay their electricity\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/551.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547932,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/19\/germany-agrees-to-help-develop-egypts-green-hydrogen-industry\/","url_meta":{"origin":552143,"position":5},"title":"Germany agrees to help develop Egypt\u2019s green hydrogen industry","author":"enterpriseam admin","date":"19 July 2022","format":false,"excerpt":"Energy dominated the conversation in El Sisi\u2019s sit-down with German chancellor: Energy, COP27 and the Grand Ethiopian Renaissance Dam (GERD) were all up for discussion yesterday during talks between President Abdel Fattah El Sisi and German Chancellor Olaf Scholz in the German capital.Egypt, Germany to cooperate on green hydrogen: El\u2026","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/193.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/552143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=552143"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/552143\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/552139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/552144"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=552143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=552143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=552143"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=552143"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=552143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}