Latest news and stories about energy policy in finance in Portugal for expats and residents.
This page has only 2 stories and is not indexed by search engines.
An expert argues for the safety and viability of nuclear power as a strategic energy investment.
António Costa, Prime Minister of Portugal, has assured that the European Union will provide support for energy amid a “dramatic and challenging” moment. The article highlights Portugal's efforts to secure EU assistance to address energy challenges, emphasizing the country's commitment to navigating the current crisis with EU backing.
The President of the European Commission admitted this Monday that prolonged restrictions on oil and gas supplies from the Middle East to the European Union (EU) could have a “significant impact on the European economy,” although she ruled out supply shortages. In a letter addressed to EU leaders ahead of the European Council meeting on Thursday and Friday, which...
The President of the European Commission admitted today that prolonged restrictions on oil and gas supplies from the Middle East to the European Union (EU) could have a “significant impact on the European economy,” although she ruled out supply shortages.
Bart De Wever says that in private, European leaders agree with this position but fear admitting it publicly. The European Union has already stated that the chosen path is to be maintained and that “in the future” it will not import “even a single molecule from Russia”.
Energy ministers met in Brussels to analyse ways to respond to increases in the sector, especially if prices continue to rise in the coming days. Maria da Graça Carvalho says the goal is to coordinate the reaction at a European level without altering the path already defined for decarbonisation and without changing market rules.
Energy markets are on edge as Iran tensions disrupt shipping and threaten supply shocks. EU foreign ministers and energy ministers meet in Brussels to discuss what the bloc can actually do to protect global energy flows — and whether it has the tools to act. Meanwhile, Norway is positioning itself as a reliable energy lifeline ...
War seems far away until the day you feel it at the fuel pump, in the supermarket, or in your mortgage payment. Ignoring the signs comes at a high price.
The energy crisis triggered by the invasion of Ukraine in 2022 led the European Union to reduce its dependence on Russian gas.
The US Department of Energy has launched the first auction as part of a gradual release of strategic oil reserves to mitigate the economic consequences of the war in the Middle East. The auction, aimed at oil companies, will cover 86 million barrels out of a total of 172 million to be released progressively. Under the terms of the agreement, companies must return the borrowed oil plus additional barrels. The goal is to strengthen strategic reserves and stabilise markets. US Energy Secretary Chris Wright stated that the delivery of the full 172 million barrels will take approximately 120 days. President Donald Trump, who has previously criticised the Biden administration's use of the reserve, expressed confidence that market fluctuations due to the conflict in Iran will be short-lived. Meanwhile, the International Energy Agency has decided to release 400 million barrels collectively, and Portuguese Prime Minister Luís Montenegro announced that Portugal will make 10% of its strategic reserves available. Despite these measures, Brent crude prices rose on Friday, closing above $103 per barrel amid tensions in the Strait of Hormuz.
CNN Portugal commentator Sérgio Sousa Pinto states that Europe is one of the major victims of the war in the Middle East, given its high external dependence on fossil fuels.
José Azeredo Lopes, a commentator for CNN Portugal, analyses the impact of Donald Trump's decision to lift sanctions on Russian oil, specifically the European reaction.
The Trump administration has temporarily lifted sanctions on Russian oil for one month, a move analyzed by experts regarding its limited impact on global market shortages and the potential European reaction.
INTERVIEW || Europeans are finally “putting on the table a low-carbon alternative, reliable electricity 24 hours a day, 7 days a week, which requires fuel that Europe actually has significant capacity to produce.” This is the argument made by Luís Guimarães, who holds a PhD in nuclear physics from the Instituto Superior Técnico, in an interview regarding the nuclear energy summit held in Paris this week, during the second week of the war in Iran, which caused crude oil prices to soar.
The 32 countries that make up the International Energy Agency (IEA) have been asked to release 400 million barrels of crude oil, equivalent to about a third of the reserves of all member states (which includes Portugal). The goal is for a sudden increase in supply to cause a drop in the price of a barrel of oil.
The Prime Minister announced this Wednesday that Portugal will make 10% of its strategic oil reserves available “in principle” to increase supply and help contain fuel prices.
Portugal held 1.56 million tonnes of physical reserves of oil and petroleum products in the last quarter of last year, according to data from ENSE – National Entity for the Energy Sector. Prime Minister Luís Montenegro announced this Wednesday that Portugal will make 10% of its strategic oil reserves available “in principle” to be able to...
The 32 member countries of the International Energy Agency (IEA) have unanimously decided to release 400 million barrels of oil from strategic reserves into the markets. Portugal will mobilise two million barrels from its strategic reserves. The US President stated this Wednesday that there is 'practically nothing left' to attack in Iran and that the war in the country will end soon. The Iranian military, meanwhile, claims to have attacked several targets in Israel, including the headquarters of military intelligence and a naval base. We are following the evolution of the conflict here, minute by minute.
The fossil fuel will be shared with “international partners”, as Portugal joins the International Energy Agency agreement, which decided to release 400 million barrels into the market.
Portugal announced the release of 2 million barrels of oil from its strategic reserves. This move aims to address current energy needs or market conditions, reflecting the country's efforts to manage its energy resources amid global fluctuations. The article details the context and potential implications of this decision for Portugal's energy policy and market stability.
Minister of Environment and Energy Maria da Graça Carvalho has ruled out nuclear energy for Portugal, asserting that the nation's high potential for solar, wind, and hydroelectric power makes renewables the only logical path for energy independence and competitiveness.
European Commission President Ursula von der Leyen has announced a 200 million euro guarantee to support private investment in innovative nuclear technologies, aiming to mitigate the vulnerabilities associated with oil and gas imports from the Middle East. Speaking at the Nuclear Energy Summit in Paris, she highlighted that Europe's reliance on volatile fossil fuel imports creates a structural disadvantage and that nuclear energy, combined with renewables, is essential for energy independence, industrial competitiveness, and affordable electricity. The initiative includes a new strategy for small modular reactors, which Brussels aims to have operational by the early 2030s.
The European Commission put forward a set of measures this Tuesday, which it describes as “structural,” to address shortcomings regarding investment in clean energy and nuclear power in particular, as well as more affordable energy prices. Regarding investment, it will rely on the help of the EIB.
The European Union has announced a 200 million euro investment package aimed at the nuclear sector.