New measures to reduce Germany’s gas consumption by 2% require strict cutbacks by public and private users as Europe battles a sharp reduction in Russian gas supplies, government officials said Continue Reading
Spain has said an additional link in a gas pipeline from the Iberian peninsula to France could be ready within nine months after Germany backed the idea of linking the Continue Reading
The Russian economy contracted steeply in the second quarter as the country felt the brunt of the economic consequences of its war in Ukraine, in what experts believe to be Continue Reading
Another natural gas pipeline could soon become operational in Europe to connect Spain and France, and the new link could start operations in around nine months, according to Spain’s energy Continue Reading
Ukrainian farm company HarvEast said Russia stole as much as 200,000 tons of crops from its farms in eastern occupied areas, as Kyiv urges buyers to seize suspicious grain shipments. Continue Reading
Italy will fast track the permitting process to set up a new regasification vessel aimed at expanding the country’s capacity to import liquefied natural gas (LNG) in an effort to Continue Reading
Rhine River water levels are expected to continue to decline on Monday, further restricting the supply of vital commodities to parts of inland Europe. The water level at Kaub — Continue Reading
Western leaders are preparing for the possibility that Russian natural gas flows through the key Nord Stream pipeline may never return to full levels. WSJ’s Shelby Holliday explains what an Continue Reading
Moscow and Kyiv have traded accusations of targeting the Zaporizhzhia plant in southern Ukraine, which has been under Russian control since March following Russia’s full-scale invasion of its neighbor. The Continue Reading
Water level at Kaub to fall to 33-centimeter marker by Aug. 15 River closure could significantly dent oil-product trade: FGE An exposed section of the Rhine River riverbed, due to Continue Reading
Oil flows have resumed from Russia to Hungary and Slovakia via the Ukrainian section of the Druzhba oil pipeline, Ukraine’s Naftogaz said on Thursday, days after being suspended over payment Continue Reading
Russian oil production and exports have been holding resilient in recent months, with much smaller declines than initially expected, the International Energy Agency (IEA) said on Thursday. But the agency’s Continue Reading
Highlights Supply crunch, few sellers underpin winter price: traders UK winter hedging echoes upswings prior to winter 2018, 2021 Europe could run short of natural gas this winter, market sources Continue Reading
President Vladimir Putin’s invasion of Ukraine set Russia’s economy back four years in the first full quarter after the attack, putting it on track for one of the longest downturns Continue Reading
Russia and Ukraine accused each other of shelling Europe’s biggest nuclear power plant, compounding fears of a disaster as the U.N. chief said it should be made a demilitarised zone Continue Reading
Water levels on the river Rhine in Germany have fallen again in dry weather on Friday, with some vessels no longer able to sail, shipping operators and brokers said. Rhine Continue Reading
Public buildings in Germany should be heated to a maximum of 19 degrees Celsius (66.2°F) under planned legislation to save energy, the Sueddeutsche Zeitung quoted the economy minister as saying Continue Reading
Once, a river ran through it. Now, white dust and thousands of dead fish cover the wide trench that winds amid rows of trees in France’s Burgundy region in what Continue Reading
As energy bills mount and the threat of rationing increases, some European retailers are turning off lights and considering shorter opening hours this winter. Energy bosses and government officials have Continue Reading
Sweden overtook France as Europe’s largest net power exporter in the first half of 2022, as deep-rooted problems reduced French nuclear availability to historic lows, Energy analysts EnAppSys said on Continue Reading
Ukraine’s air force said Wednesday that nine Russian warplanes were destroyed in a deadly string of explosions at an air base in Crimea, amid speculation the blasts were the result Continue Reading
Standard Chartered: “The power of Russia’s gas ‘weapon’ has deteriorated significantly,”. Europe started the 2021/2022 winter heating season with gas in storage below seasonal norms. Even if Russia cuts off Continue Reading
Russian occupiers of Europe’s largest nuclear plant are preparing to redict electricity production using aging technology. The move has been criticized by UN officials, with the IAEA issuing grave warnings Continue Reading
Germany decides on locations for five FSRUs Netherlands expects first FSRUs to start in 2022 Europe to face Asian competition for cargoes The scramble by countries across Europe to install Continue Reading
The head of the European Space Agency (ESA) has warned economic damage from heatwaves and drought could dwarf Europe’s energy crisis as he called for urgent action to tackle climate Continue Reading
Sweltering summer temperatures and soaring gas prices have boosted the use of oil in power generation, the International Energy Agency (IEA) said on Thursday, increasing demand but masking weakness in Continue Reading
The European Union’s full ban on Russian coal imports kicked in on Thursday at a time when British defense intelligence said that Western sanctions were increasingly having an impact, even Continue Reading
Soaring oil use for power generation in Europe and the Middle East will boost crude consumption for the rest of the year, the International Energy Agency said on Thursday, as Continue Reading
With satellite images showing at least eight wrecked warplanes after explosions at a Russian air base in Crimea, President Volodymyr Zelensky of Ukraine said late Wednesday that Moscow’s mounting losses Continue Reading
India has ramped up imports of Russian coal since Ukraine war June customs data shows non-dollar payments now common Chinese yuan, Emirati dirham trades becoming more popular Banks and traders Continue Reading
Ukraine has suspended Russian oil pipeline flows to parts of central Europe since early this month because Western sanctions prevented it from accepting transit fees from Moscow, Russian pipeline monopoly Continue Reading
Debates in Germany have resurfaced over whether Europe’s biggest economy—severely hit by low Russian pipeline gas supply—should consider lifting its ban on fracking, The Globe and Mail reports . Fracking Continue Reading
The UK is planning on running short on natural gas this coming winter, resulting in blackouts, according to Bloomberg sources familiar with the government’s plans—even with emergency coal-fired power plants Continue Reading
Highlights Flows at Korneti entry point restarted on Aug 5 Gazprom suspended gas flows to Latvia on July 30 Latvia to ban Russian gas imports from 2023 Gas flows into Continue Reading
Will Europe Get Enough Gas From Russia This Winter? The UK is planning for several days over the winter when cold weather may combine with gas shortages, leading to organized Continue Reading
Wildfires raged in southwestern France on Tuesday, destroying sixteen houses, burning 6,000 hectares, and forcing the evacuation of almost 6,000 people in an area already hit last month by huge Continue Reading
As energy bills mount and the threat of rationing increases, some European retailers are turning off lights and considering shorter opening hours this winter. Energy bosses and government officials have Continue Reading
Hungary’s biggest refiner said it has paid Russia’s transit fee to Ukraine to resolve a dispute that has led to a halt in oil flows to central Europe. Mol Nyrt., Continue Reading
The Rhine is the lynchpin of Europe’s network of inland waterways. From the Rhine to the Danube, waterways are failing at the worst possible moment as the climate crisis worsens. Continue Reading
While politicians and economists might debate exactly what constitutes a recession, the reality of an economic slowdown is impossible to ignore. The most recent signal that Europe may soon face Continue Reading
Russian airlines, including state-controlled Aeroflot (AFLT.MM) , are stripping jetliners to secure spare parts they can no longer buy abroad because of Western sanctions, four industry sources told Reuters. The Continue Reading
– The Zaporizhzhia nuclear power plant in southern Ukraine has been shelled in recent days, opening up the possibility of a grave accident just 500 km (around 300 miles) from Continue Reading
A tanker of U.S. sour crude was delivered at Germany’s port of Rostock last week for the first time ever, according to sources, analysts, and vessel tracking data, as local Continue Reading
The average annual UK gas and electricity bill rose from £1,400 in October 2021 to £2,000. Analysts are predicting that average energy bills could climb even higher, with the lowest Continue Reading
The head of the International Atomic Energy Agency, Rafael Mariano Grossi, has warned that there is a “very real risk of a nuclear disaster” due to the situation around the Continue Reading
Germany’s economy will lose more than 260 billion euros ($265 billion) in added value by 2030 due to the Ukraine war and high energy prices, spelling negative effects for the Continue Reading
In a growing challenge to Russia’s grip on occupied areas of southeastern Ukraine, guerrilla forces loyal to Kyiv are killing pro-Moscow officials, blowing up bridges and trains, and helping the Continue Reading
As many as 80,000 Russian troops have been wounded or killed in less than six months of fighting in Ukraine , the Pentagon said Monday, the first time the U.S. Continue Reading
Norway is to curb electricity exports to Europe if water levels for its hydropower plants remain low in a blow to hopes that the Nordic country could help ease its Continue Reading
Aug 8 (Reuters) – U.N. Secretary-General Antonio Guterres called on Monday for international inspectors to be given access to the Zaporizhzhia nuclear plant after Ukraine and Russia traded accusations over Continue Reading
