Hungary has extended price caps on fuels and basic foodstuff by three months until the end of the year in a bid to shield households from soaring costs, Prime Minister Viktor Orban's chief of staff told a briefing on Saturday.
Finland and Switzerland provided billions in financial support to power companies on Tuesday, as Europe scrambles to secure energy supplies in a deepening crisis sparked by Russia's move to shut a major gas pipeline.
Italy's net energy import costs are set to more than double this year to nearly 100b euros ($99.5b), the economy minister said, warning Rome could not spend indefinitely to cushion the blow on the economy.
Heading a delegation, Iranian Energy Minister Ali Akbar Mehrabian left Tehran for Baku, Azerbaijan, on Tuesday to review ways to widen cooperation as the two countries are seriously determined to develop cooperation in the fields of energy and electricity.
President Seyyed Ebrahim Raeisi and his Russian counterpart Vladimir Putin called for more bilateral trade and energy cooperation as they met in Turkmenistan's capital, Ashgabat, on the sidelines of the sixth summit of the Caspian littoral states.
The Renewable Energy and Energy Efficiency Organization (SATBA) of Iran said it has invited bids for the construction of 4,000 megawatts (MW) of solar power plants as part of a drive to increase its use of renewable energy and boost the country’s power grid.