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    Energy

     Portugal imports record electricity
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    By Fernando Caetano
    In Energy, News
    Posted 14 Junho, 2022

    Portugal imports record electricity

    Portugal imported its greatest volume of electricity between January and May. It was the equivalent of an entire month of consumption largely because hydropower production fell to historically [...]

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     Electricity imports hit record
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    By Fernando Caetano
    In Energy, News
    Posted 6 Junho, 2022

    Electricity imports hit record

    Portugal’s electricity imports hit a new record in May with 4,402 GWh on the previous record of 4,203 GWh in May 2008, according to power grid operator REN. Hydroelectric power production for the [...]

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     Portugal ponders natural gas hub in the Algarve
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    By Fernando Caetano
    In Energy, News
    Posted 3 Junho, 2022

    Portugal ponders natural gas hub in the Algarve

    Portugal’s Minister of the Economy, António Costa e Silva says the government may “resuscitate” the exploration of natural gas reserves off the coast of the Algarve. The former oil company boss [...]

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     Portugal to export green ammonia
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    By Fernando Caetano
    In Energy, Green energy, News
    Posted 3 Junho, 2022

    Portugal to export green ammonia

    Portugal will be the first country in the world to produce green ammonia on an industrial scale from 2026 according to the CEO of Madoqua Renewables Rogaciano Rebelo. To the end of 2026 the [...]

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     Lhoist and TotalEnergies solar park partnership
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    By Fernando Caetano
    In Energy, News, Renewables
    Posted 23 Maio, 2022

    Lhoist and TotalEnergies solar park partnership

    Lhoist and TotalEnergies have signed renewable energy contracts (PPAs) to install solar farms which will be developed at three Lhoist parks in Spain and Portugal. This partnership arose following [...]

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     REN profits up 32.6% in Q1
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    By Fernando Caetano
    In Energy, News
    Posted 23 Maio, 2022

    REN profits up 32.6% in Q1

    Energy company REN saw its results for the first quarter of 2022 improve by 32.6% although its renewable energy business took a hit because of the drought which saw production below 50%. The [...]

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     Portugal negotiates gas export deal with Germany and Poland
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    By Fernando Caetano
    In Energy, Gas and Petroleum, News
    Posted 20 Maio, 2022

    Portugal negotiates gas export deal with German...

    Portugal is negotiating an export deal with Germany and Poland to export gas from Sines The idea is to use Sines to store gas from the United States and then reroute it using smaller ships to [...]

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     Portugal could “turn off the tap” to Russian gas tomorrow
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    By Fernando Caetano
    In Energy, News
    Posted 16 Maio, 2022

    Portugal could “turn off the tap” to Russian ga...

    Portugal’s minister of Foreign Affairs, João Cravinho said that Portugal doesn’t need Russian gas and could “turn off the tap” on its gas “tomorrow”. Speaking at the end of the informal meeting [...]

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     National gas imports from US skyrocket 1000%
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    By Fernando Caetano
    In Energy, News, Petroleum and Natural Gas
    Posted 11 Maio, 2022

    National gas imports from US skyrocket 1000%

    National imports of natural liquified gas (LNG) from the United States shot up by 1000% in the first three months of the year. At the same time, LNG imports from Russia were “residual’ when [...]

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     EDP posts losses of €76M in Q1
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    By Fernando Caetano
    In EDP, Energy, News
    Posted 6 Maio, 2022

    EDP posts losses of €76M in Q1

    The Portuguese energy giant EDP closed the first quarter of 2022 with a loss of €76 million which compares to profits of €180 million like-for-like on 2021. “EDP’s financial performance in the [...]

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