World
EU launches platform to pool gas demand in bid to lower prices
A number of firms have already put in bids, an EU official stated within the morning, simply two hours after the platform was launched. The primary deliveries are actually anticipated to be carried out in late June or starting of July.
The European Union’s platform to purchase gasoline collectively in a bid to decrease costs and guarantee a gentle provide within the coming months went on-line on Tuesday.
A number of firms have already put in bids, an EU official stated within the morning, simply two hours after the platform, often called AggregateEU, was launched. The primary deliveries are actually anticipated to be carried out in late June, or starting of July.
The voluntary scheme was agreed upon by member states in mid-December as a part of a raft of emergency measures to fight the power disaster sparked, partly, by Russia’s invasion of Ukraine and subsequent choice to chop gasoline deliveries to the EU in retaliation in opposition to wide-ranging sanctions.
The platform goals to leverage the bloc’s buying energy with worldwide suppliers by permitting power firms in taking part nations to submit their demand expectations for liquified pure gasoline (LNG) and pipeline gasoline for the approaching yr with tendering rounds held on a month-to-month foundation to match that demand.
EU nations are required to pool at the very least 15% of their respective storage obligations. This equates to about 13.5 billion cubic metres (bcm) for the yr which must be purchased by way of the platform.
That is to keep away from a repeat of spring and summer time 2022 when member states scrambled to safe sufficient gasoline to make sure they might proceed to energy households and companies throughout winter. This mad sprint for gasoline, triggered by Russia’s choice to slash pipeline deliveries to the EU, pushed costs to ranges by no means seen earlier than with a file excessive of €321 per megawatt-hour reached in August.
Costs are actually hovering at round €40 per megawatt-hour, final noticed in January 2022.
Thus far, 76 firms on each the shopping for and promoting sides have registered with the service. Consumers might be throughout the 27 EU member states in addition to nations within the Vitality Neighborhood which additionally consists of Ukraine, Moldova, Georgia, and Western Balkan states, whereas the one criterion for sellers is that they have to not be owned or managed partly by a Russian entity.
Shopping for firms can resolve whether or not they wish to obtain LNG and which terminals in north-western or southern Europe they need it offloaded from, or pipeline gasoline which might be delivered to 26 factors throughout the bloc.
Shopping for firms have 5 days to place of their bids for the primary tender rounds. Demand will then be pooled by the service supplier, Prisma, which can put the tender out. Sellers are anticipated to place of their tenders on 9 Might with negotiations to comply with. Contracting is forecast round 17 Might with deliveries somewhat over a month later. This course of is to be repeated on a month-to-month foundation.
Two totally different cooperation fashions have been set as much as facilitate the pooling of demand and decrease costs.
The primary one is thru a so-called Central Purchaser (probably a big firm) that may comply with buy gasoline on behalf of different firms based mostly on a bilateral contract. That is to make sure that small firms that require decrease volumes or shouldn’t have the mandatory creditworthiness can faucet into the service and probably profit from decrease costs.
The opposite mannequin is thru an Agent on Behalf that may present complementary companies, resembling transportation, to firms which have already negotiated straight with a provider to purchase a sure quantity of gasoline.
An official from the European Fee, which funds the platform however won’t participate within the negotiations, stated they count on curiosity within the companies to develop “exponentially” over the approaching months as some firms can be ready to see how the primary few tendering rounds go earlier than participating.
They pressured, nevertheless, that “is troublesome to forecast how a lot gasoline will seem all through these tenders.”
The 27 member states have a mixed gasoline storage capability of round 100 bcm. Beneath a brand new regulation taken in response to Russia’s struggle in Ukraine and the following power disaster, they have to guarantee their gasoline storage capacities are crammed at 90% by 1 November 2023, to climate the colder months comfortably.
The bloc exited the winter with storage 56% full, effectively above the five-year common of 34%.
World
Ron Ely, Star of TV’s Tarzan, Cause of Death Revealed
ad
World
Scientists study ‘very rare’ frozen remains of 35,000-year-old saber-toothed cub
A mummified saber-toothed cub of a catlike animal dating back 35,000 years was left almost perfectly preserved in Siberia’s permafrost.
The remains had been found back in 2020, northeast of Yakutia, Russia. Research regarding the study of the cub was published in the journal Scientific Reports on November 14, 2024.
The discovery of frozen remains from the Late Pleistocene period is “very rare,” according to the published research, though most discovered in Russia lie in the Indigirka River basin, the authors note.
12-YEAR-OLD BOY STUMBLES UPON STUNNING ANCIENT FIND WHILE WALKING DOG IN ENGLAND: ‘RELATIVELY RARE’
The mummified cub remained well-preserved, frozen in time for thousands of years. The frozen nature of this find left it in impressive condition, even still containing fur.
“The mummy body is covered with short, thick, soft, dark brown fur with hair about 20–30 mm long,” the authors wrote in the published research, also pointing out that the fur that was located on the back and neck of the cub was longer than the hair that was found on the legs.
The head of the mummy was also left well-preserved, down to its chest, front arms and paws.
IRISH FARMER FINDS NEAR-60-POUND SLAB OF ANCIENT BOG BUTTER ON HIS LAND BY ‘PURE LUCK’
The study of this find wasn’t just a unique opportunity for scientists, it also provided first-of-its kind research.
“For the first time in the history of paleontology, the appearance of an extinct mammal that has no analogues in the modern fauna has been studied,” the authors of the study explained.
The scientists determined that the cub had died at about three weeks old. It was identified by the authors of the study as belonging to the species Homotherium latidens and had many differentiations from a modern lion cub of a similar age.
The shape of the muzzle displayed by the mummified cub, which had a large mouth and small ears, plus a “massive” neck, long forelimbs and a darker colored coat, were all among key differences from today’s modern lion cubs that scientists observed.
2,000-YEAR-OLD ROMAN ROAD DISCOVERED BY ARCHAEOLOGISTS IN LONDON
Scientists also worked in their research to find out how the extinct species was able to survive through frigid temperatures.
Large contributors to their survival were the shape of the large paws and absence of carpal pads. Scientists believe these elements helped them get through the snow.
In recent years, there have been other ancient animals found in Siberian permafrost.
For example, in 2021, a mummified wolf was discovered that dated back over 44,000 years, Live Science reported in June 2024.
World
More than 100 Palestinians killed in Israeli attacks on Gaza in 48 hours
Director of the Kamal Adwan hospital says several staff wounded in Israeli bombardment.
At least 120 people have been killed in Israeli attacks on Gaza in two days, Palestinian health officials said, as Israel intensified its bombardment across the besieged territory.
At least seven people were killed when a residential home was hit overnight in the Zeitoun suburb of Gaza City, health officials said on Saturday. The other deaths were recorded in central and southern Gaza.
Israeli air raids caused significant damage to al-Faruq Mosque in the Nuseirat refugee camp in central Gaza, according to a social media video verified by Al Jazeera.
Israeli forces also deepened their ground offensive and bombardment of northern Gaza, where one of the last partially operating hospitals was hit, wounding several workers.
Hussam Abu Safia, director of the Kamal Adwan Hospital, said in a statement on Saturday that Israeli forces “directly targeted the entrance to the emergency and reception area several times, as well as the hospital courtyards, electrical generators, and hospital gates”.
The bombardment “resulted in 12 injuries among doctors, nurses, and administrative staff within the emergency and reception areas”, he said.
The Israeli military rejected the allegations and said it was “not aware of a strike in the area of the Kamal Adwan Hospital” following an initial review of the situation.
On Friday, Gaza’s Ministry of Health said hospitals have fuel left for only about two days before it needs to start restricting services.
Israel’s military imposed a siege and launched a renewed ground offensive in northern Gaza last month, saying it aimed to stop Hamas fighters from waging more attacks and regrouping in the area.
The United Nations warned earlier this week that almost no aid had been delivered to northern Gaza since Israel’s renewed offensive as aid groups and food security experts warn of a famine in the area.
In a call with Defence Minister Israel Katz on Saturday, United States Defense Secretary Lloyd Austin pressed Israel to “take steps to improve the dire humanitarian condition in Gaza”, the Pentagon said.
Israel’s assault on Gaza has killed more than 44,000 people and wounded more than 104,000 since October 2023, according to Palestinian health officials.
Israel launched its assault on Gaza after the Hamas-led attacks on southern Israel on October 7, 2023, in which at least 1,139 people were killed and about 250 others seized as captives.
A spokesperson for the armed wing of Hamas, Abu Ubaida, said later on Saturday that a female Israeli captive in the group’s custody had been killed in northern Gaza in an area under attack by Israel’s forces.
“The life of another female prisoner who used to be with her remains in imminent danger,” he added, accusing the government of Prime Minister Benjamin Netanyahu of being responsible and of undermining efforts to end the war.
-
Business7 days ago
Column: Molly White's message for journalists going freelance — be ready for the pitfalls
-
Science4 days ago
Trump nominates Dr. Oz to head Medicare and Medicaid and help take on 'illness industrial complex'
-
Politics6 days ago
Trump taps FCC member Brendan Carr to lead agency: 'Warrior for Free Speech'
-
Technology5 days ago
Inside Elon Musk’s messy breakup with OpenAI
-
Lifestyle6 days ago
Some in the U.S. farm industry are alarmed by Trump's embrace of RFK Jr. and tariffs
-
World6 days ago
Protesters in Slovakia rally against Robert Fico’s populist government
-
News6 days ago
They disagree about a lot, but these singers figure out how to stay in harmony
-
News6 days ago
Gaetz-gate: Navigating the President-elect's most baffling Cabinet pick