Gas crisis: No chance lights will go out, says government
Kwasi Kwarteng: Talk of the lights going out is “alarmist, unhelpful and completely misguided” There is “no question of the lights going out” this winter as a result of huge Continue Reading
European governments weigh billions in aid to weather soaring gas prices
Surging gas and electricity costs are forcing European governments to discuss billions of euros in aid for households and stricken suppliers, as concern mounts over a deepening winter energy crisis. Continue Reading
Is Gazprom About To Lose Its Natural Gas Export Monopoly?
The long-awaited Nord Stream 2 (NS2) pipeline is arguably the world’s most contentious energy project. While its completion was uncertain for a long time, favorable political, economic, and environmental developments Continue Reading
Nord Stream 2 Could Still End Up In “Investment Ruin”
Nord Stream 2, the controversial pipeline, may yet flop, according to the co-leader of the European Greens, Reinhard Butikofer. In an interview with German dpa, the co-chair of the Green Continue Reading
Britain may give state loans to energy companies as gas prices surge
Britain is considering offering state loans to energy companies that take on customers from firms which go bust due to soaring wholesale natural gas prices, Business Secretary Kwasi Kwarteng said Continue Reading
Britain’s energy woes catch vulnerable sector in perfect storm
Peter McGirr wanted to modernize the British consumer energy market when he founded Green three years ago, building a customer base of more than 250,000 households. Now, with the sector Continue Reading
U.K. Energy Firms Seek Bailout as Government Talks Run On
U.K. energy companies are seeking a massive government bailout as a surge in gas and electricity prices threatens to push suppliers out of business. The U.K. government is set for Continue Reading
U.K. Energy Firms Locked In Emergency Talks With Government
Energy companies and the U.K. government will hold a third day of crisis talks as a surge in gas and electricity prices threatens to put more suppliers out of business Continue Reading
Analysis: Europe’s power firms locked out of record price bonanza
Several European power firms have been shut out of bumper revenues from record-high gas and electricity prices as their sales are largely locked in at lower prices, and face extra Continue Reading
Group of EU lawmakers seeks probe of Gazprom’s role in gas price surge
A group of European Parliament lawmakers has asked the European Commission to investigate Gazprom’s role in soaring European gas prices, saying the company’s behaviour had made them suspect market manipulation. Continue Reading