U.K. Wind Energy Hits Record, Bringing Relief to Power Costs
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . U.K. wind farms produced a record amount of energy on Saturday, helping Continue Reading
European gas demand seen falling this year due to cheaper coal-IEA
European gas demand is expected to decline this year as continued high prices make coal more competitive for power generation, while Asian demand growth could slow, the International Energy Agency Continue Reading
Norway LNG plant restart faces new delay in blow to Europe’s gas supply
Norway’s Hammerfest LNG plant faces a further delay to restarting production after a fire in 2020, operator Equinor (EQNR.OL) said on Monday, delivering a fresh blow to hopes of securing Continue Reading
U.S. and Russia to Discuss Ukraine at U.N. Security Council:
The United States and Russia prepared for confrontation Monday at the United Nations Security Council over the Ukraine crisis, with the Americans vowing to make the Russians justify their massing Continue Reading
Britain Toughens Stance on Russia, as Russia Presses NATO for Assurances
British lawmakers will be asked to consider legislation this week that would let ministers impose a wider range of sanctions against Russia should it move against Ukraine , the British Continue Reading
UK Gas Production Could Plunge 75% By 2030
The UK could become much more vulnerable to price shocks and geopolitical events unless new offshore fields are approved and developed—and the UK’s gas production could plummet by 75 percent Continue Reading
U.S. Admits Finding Non-Russian Gas For Europe Is A Challenge
The White House is dealing with logistical challenges in its efforts to secure alternative natural gas supply to Europe if Russian supply is interrupted in case Russia invades Ukraine, Press Continue Reading
As Europe seeks alternatives to Russian gas, Algeria has pipeline capacity to spare
Highlights North African country increases gas output in 2021 Platts Analytics says Algeria could provide 7 Bcm more gas Rising domestic demand, political crisis may crimp exports In 1981, while Continue Reading
What’s In The 20-Year Draft Agreement Between Iran And Russia?
While the new 20-year cooperation between Iran and Russia is yet to be finalized, significant progress appears to have been made on its drafting. If Russia agrees to sell Tehran Continue Reading
NATO sends reinforcements and U.S. puts troops on alert as Ukraine tensions rise
NATO said on Monday it was putting forces on standby and reinforcing eastern Europe with more ships and fighter jets, in what Russia denounced as Western “hysteria” in response to Continue Reading