EU ministers delay decision on energy crisis measures

Published

2 years ago

September 9, 2022

EU ministers delay decision on energy crisis measures

In the face of rising electricity prices, the European Union (EU) is determined to channel some of the profits of energy companies to help consumers, both those who use fossil fuels and those who use renewable sources.

EU energy ministers have reached a “general agreement” on emergency measures to tackle the energy crisis and have asked the European Commission to work out the details over the next two weeks, Environment and Climate Action Minister Duarte Cordeiro said at a press conference at the end of the meeting in Brussels. ~

“Portugal has pushed for the early development of a joint platform for the purchase of gas from the EU,” said a Portuguese official, one of the areas in which the European Commission will work.

A new extraordinary meeting of energy ministers is due to be convened later this month to approve a final and detailed package of five emergency measures.

“We must be sure that we will not disappoint citizens and businesses. When Russian President Putin launched the energy war, he intended to divide us and damage our democratic societies and economies. He will not do this,” said Josef Sikela. Minister of Industry and Trade of the Czech Republic, the country that holds the Presidency of the Council of the EU.

The measures aim to “soften current high prices and support declining demand for gas and electricity to bolster the EU’s winter preparedness,” the outcome document says.

Lack of consensus on a price ceiling for imported gas

The most controversial measure is the introduction of a ceiling on the price of imported gas. Some countries advocate that it apply to all suppliers. Most Member States and the European Commission believe that it should be limited to what comes through the gas pipelines linking Russia with the territory of the Union.

“We have to be careful not to jeopardize the current security of supply situation. The LNG market is global. We can replace declining Russian supplies with alternative suppliers,” said Kadri Simson, European Commissioner for Energy.

Measures under consideration:

Limit the income of low-cost infra-margin electricity producers (companies using renewable and nuclear sources but benefiting from high gas prices).
Introduce a solidarity contribution from fossil fuel companies (companies trading in gas and oil)
Offer emergency and temporary intervention, including gas price caps. In the case of imports from “specific jurisdictions” in a veiled reference to Russia, it was decided to ask for “finishing on the possible introduction of such a measure.”
Submit a proposal to encourage coordinated consumption reduction and reduction of electricity in the EU (no consensus yet on whether this will be mandatory or voluntary)
Develop emergency liquidity tools that ensure that market participants have sufficient collateral at their disposal to meet margin requirements and account for rising volatility in the futures markets.

The Portuguese government recalled that the new legislation would take into account the so-called Iberian exemption mechanism, which already limits the price paid for gas in Spain and Portugal.

Herb Adkins

Proud web evangelist. Travel ninja. Creator. Freelance food nerd. Passionate bacon fanatic.

Portuguese historical films will premiere on 29 December.

Published

1 year ago

December 20, 2022

Herb Adkins

Portuguese historical films will premiere on 29 December.

Method Media Bermuda will present the documentary FABRIC: Portuguese History in Bermuda on Thursday, December 29 at the Underwater Research Institute of Bermuda.

A spokesperson said: “Method Media is proud to bring Bermuda Fabric: Portugal History to Bermuda for its 5th and 6th showing at the Bermuda Underwater Observatory. In November and December 2019, Cloth: A Portuguese Story in Bermuda had four sold-out screenings. Now that Bermuda has reopened after the pandemic, it’s time to bring the film back for at least two screenings.

“There are tickets Ptix.bm For $ 20 – sessions at 15:30 and 18:00. Both screenings will be followed by a short Q&A session.

Director and producer Milton Raboso says, “FABRIC is a definitive account of the Portuguese community in Bermuda and its 151 years of history, but it also places Bermuda, Acors and Portugal in the world history and the events that have fueled those 151 years.

“It took more than 10 years to implement FABRIC. The film was supported by the Minister of Culture, the Government of the Azores and private donors.

“Bermuda Media Method [MMB] Created in 2011 by producer Milton Raposo. MMB has created content for a wide range of clients: Bermuda’s new hospital renovation, reinsurance, travel campaigns, international sports and more. MMB pays special attention to artistic, cultural and historical content.

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Herb Adkins

Proud web evangelist. Travel ninja. Creator. Freelance food nerd. Passionate bacon fanatic.

CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS ‘There will be room’

Published

1 year ago

December 20, 2022

Herb Adkins

CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS 'There will be room'

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Herb Adkins

Proud web evangelist. Travel ninja. Creator. Freelance food nerd. Passionate bacon fanatic.

Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Published

1 year ago

December 19, 2022

Herb Adkins

Maestro de Braga is the first Portuguese in the National Symphony Orchestra of Cuba.

Maestro Filipe Cunha, Artistic Director of the Philharmonic Orchestra of Braga, has been invited to conduct the Cuban National Symphony Orchestra, as announced today.

According to a statement sent by O MINHO, “he will be the first Portuguese conductor to conduct this orchestra in its entire history.”

In addition to this orchestra, the maestro will also work with the Lyceo Mozarteum de la Habana Symphony Orchestra.

The concerts will take place on 4 and 12 March 2023 at the National Theater of Cuba in Havana.

In the words of the maestro, quoted in the statement, “these will be very beautiful concerts with difficult but very complex pieces” and therefore he feels “very motivated”.

From the very beginning, Rachmaninoff’s Piano Concerto No. 2 will be performed by an Italian pianist (Luigi Borzillo), whom the maestro wants to bring to Portugal later this year. In the same concert, Mendelshon’s First Symphony will be performed.

Then, at the second concert, in the company of the Mexican clarinetist Angel Zedillo, he will perform the Louis Sfora Concerto No. 2. In this concert, the maestro also conducts Tchaikovsky’s Fifth Symphony.

“This is an international recognition of my work. An invitation that I accept with humility and great responsibility. I was surprised to learn that I would be the first Portuguese member of the Cuban National Symphony Orchestra. This is a very great honor,” the maestro said in a statement.

“I take with me the name of the city of Braga and Portugal with all the responsibility that goes with it, and I hope to do a good job there, leaving a good image and putting on great concerts. These will be very special concerts because, in addition to performing pieces that I love, especially Rachmaninov and Tchaikovsky, I will be directing two wonderful soloists who are also my friends. It will be very beautiful,” concludes Filipe Cunha.

Herb Adkins

Proud web evangelist. Travel ninja. Creator. Freelance food nerd. Passionate bacon fanatic.