Highlights Full storage not a substitute for energy savings: ministry Germany needs LNG supplies for five state-backed FSRUs UAE, Qatar seen as potential long-term LNG suppliers German gas storage facilities Continue Reading
Britain pledged on Wednesday to cap wholesale electricity and gas costs for businesses at less than half the market rate from next month, helping relieve the pressure of soaring energy Continue Reading
Germany nationalized gas importer Uniper (UN01.DE) on Wednesday and Britain capped the wholesale cost of electricity and gas for businesses, in Europe’s latest moves to keep the lights on and Continue Reading
The bill for Europe’s energy crisis is nearing 500 billion euros ($496 billion) as governments rush to soften the blow of soaring prices, according to the Bruegel think-tank. The European Continue Reading
The meeting between Russian President Putin and Chinese President Xi Jinping was a necessary check-up of relations between the two countries. Putin made four comments that together perfectly encapsulate what Continue Reading
China stepped up crude oil imports from both Russia and Saudi Arabia last month, with the Saudis returning to the top spot of Chinese oil suppliers. Citing customs data from Continue Reading
Gas storage sites in Germany, now nearly 90% full, will be empty after the winter, German Economy Minister Robert Habeck said on Monday. Gas storage capacity in Germany is almost Continue Reading
Germany has earmarked billions of euros to purchase natural gas. Vanessa Dezem reports. European natural gas prices fluctuated after three days of declines, with traders weighing if countries’ intensified efforts Continue Reading
A powerful Russian missile exploded less than 900 feet from the reactors of a Ukrainian nuclear power plant early Monday, according to Ukrainian officials, a reminder that, despite battlefield setbacks, Continue Reading
Europe is attempting to buy as much oil and gas as it can ahead of winter, which has resulted in tankers having to travel further distances and make few voyages. Continue Reading
