German gas importer Uniper has said that the country does not rule out undertaking gas rationing at some point following Russia’s decision to indefinitely halt gas flows via the Nord Continue Reading
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 Continue Reading
Flows of Russian gas to Europe via Ukraine were stable on Tuesday morning, while the Nord Stream 1 pipeline from Russia to Germany remained shut and eastbound gas flows via Continue Reading
Incoming British prime Minster Liz Truss is planning a 40 billion pound ($46.22 billion) support package for businesses to help them cope with rising energy costs, Bloomberg News reported on Continue Reading
Energy bills for European households will surge by 2 trillion euros ($2 trillion) at their peak early next year, underscoring the need for government intervention, according to Goldman Sachs Group Continue Reading
German factory orders fell for a sixth month as inflation and uncertainty about energy supplies undermine Europe’s largest economy. Demand slipped 1.1% from June, driven by a slump in consumer Continue Reading
Reducing the availability of insurance services is seen by Western leaders as a way of reducing Russian crude exports. Russia stated last week that it would not sell oil to Continue Reading
Nord Stream flows halted for three days this week Gas deliveries were due to resume on Saturday at 0100 GMT Russia blames sanctions for pipeline disruptions Brussels says Moscow using Continue Reading
U.N. atomic watchdog chief Rafael Grossi said on Friday he plans to issue a report on the safety of the Russian-held Zaporizhzhia nuclear power plant in Ukraine early next week. Continue Reading
Stainless steel mills are closing across Europe due to the ongoing energy crisis. Around three million tons of Europe’s stainless steel capacity is at risk. This sort of “commodity” standoff Continue Reading
France’s state-held utility giant EDF will restart all its nuclear reactors in the country this winter, potentially alleviating the energy crisis in Europe during peak heating season. Currently, more than Continue Reading
Highlights 32 out of 56 French reactors currently offline EDF committed to restart all reactors: minister Platts Analytics forecasts Dec. to average 44 GW France’s government is to closely monitor Continue Reading
As UN inspectors sought to avert a nuclear disaster on Ukraine’s frontline, the West and Russia wounded each other’s economies, with Moscow keeping its main gas pipeline to Germany shut Continue Reading
Nadhim Zahawi, U.K. chancellor of the exchequer, said he was confident the price cap plan would succeed. “I’m confident that tomorrow we’re going to be able at the G-7 get Continue Reading
The European Union is on track to beat targets for filling gas storage, but analysts warn the bigger factor for energy security this winter will be whether countries can slash Continue Reading
Ravil Maganov, the chairman of Russia’s second-largest oil producer Lukoil (LKOH.MM) , died on Thursday after falling from a hospital window in Moscow, two sources familiar with the situation said, Continue Reading
The U.N. nuclear agency chief said his experts were staying put after they crossed on Thursday into Russian-held territory in Ukraine and reached Europe’s biggest nuclear power plant, where both Continue Reading
Shell Plc will walk away from Russia’s Sakhalin-2 liquefied natural gas project with nothing after President Vladimir Putin transferred the major facility to a new operating company. The London-based firm’s Continue Reading
Inflation is grabbing all the headlines, but the crumbling pound is threatening to make things even bleaker for the UK’s economy this winter. Fresh from posting its worst monthly performance Continue Reading
Saudi Arabia’s oil and gas giant Saudi Aramco could take a stake in French automaker Renault ’s (OTCPK: RNSDF) future thermal engine business after it separates it from its electric Continue Reading
Due to skyrocketing energy prices, Britons could soon face higher costs for charging their electric vehicles (EVs) at home than filling up gasoline-fueled cars, The Washington Times reports . The Continue Reading
For eight days in late August, the Port of Felixstowe — usually a scene of constant motion as Britain’s busiest container shipping dock — was almost devoid of activity, with Continue Reading
As a team of international monitors assessed conditions at the Zaporizhzhia nuclear power plant in the middle of a raging war zone on Friday, Ukraine accused Russia of offering only Continue Reading
Russia’s Gazprom (GAZP.MM) said on Tuesday it would fully suspend gas deliveries to major European utility Engie (ENGIE.PA) from Thursday in a dispute over contracts, a move which will deepen Continue Reading
Engie says it has been informed by Russian energy giant Gazprom of a reduction in gas deliveries starting Tuesday. European energy prices plunged on signs that the region is stepping Continue Reading
Russia halted gas supplies via Europe’s key supply route on Wednesday, intensifying an economic battle between Moscow and Brussels and raising the prospects of recession and energy rationing in some Continue Reading
Euro zone inflation rose to another record high this month, beating expectations and solidifying the case for further big European Central Bank rate hikes even before pries peak near the Continue Reading
Ukrainian forces have had “successes” in three areas of the Russian-occupied region of Kherson, a Ukrainian regional official said on Wednesday, two days after Kyiv announced the start of a Continue Reading
Economy and Climate Minister Robert Habeck addresses the media after a closed German cabinet meeting at the government’s guest house in Schloss Meseberg, near Gransee, Germany August 31, 2022. REUTERS/Michele Continue Reading
The logo of Gazprom is seen on the facade of a business centre in Saint Gazprom is using a mere excuse to switch off natural gas deliveries to its French Continue Reading
Nat. Gas Sets Path of Price Increases When German utility Uniper SE on Monday requested another 4 billion euros in bailout loans, it didn’t mention some key beneficiaries of the Continue Reading
As winter nears, European nations, desperate to replace the natural gas they once bought from Russia, have embraced a short-term fix: A series of roughly 20 floating terminals that would Continue Reading
The team of inspectors from the International Atomic Energy Agency (IAEA) left Kyiv on Wednesday en route to the Zaporizhzhya nuclear power plant in southeastern Ukraine to inspect the damage Continue Reading
Europe faces the risk of blackouts, rationing and a severe recession. Europe faces the risk of blackouts, rationing and a severe recession if Russia further slashes gas deliveries, and the Continue Reading
Six months into Russia’s war on Ukraine, Russia’s oil output has continued to exceed expectations although experts are warning that Moscow will find it increasingly difficult to uphold production as Continue Reading
WATCH: Engie says it has been informed by Gazprom of a reduction in gas deliveries starting Tuesday. Stephen Stapczynski reports. Europe faced a further squeeze in Russian energy supplies as Continue Reading
‘Many see the move as a power play to ratchet up political pressure on European supporters of Ukraine’. Russia is giving the term ‘power burn’ a whole new meaning by Continue Reading
France is readying a plan to subsidize electric-car leasing as part of President Emmanuel Macron’s campaign pledge to make them more affordable. The scheme will make EVs available for 100 Continue Reading
Energy regulator Ofgem has officially announced a new price cap for household energy bills, increasing the cap to £3,549 per year from the current price of £1,971. The price cap Continue Reading
European natural gas prices plunged the most since March after Germany said its gas stores are filling up faster than planned and some traders took profits after the rally of Continue Reading
A team from the U.N. nuclear watchdog headed on Monday to Ukraine’s Zaporizhzhia nuclear plant, the agency’s chief said, as Russia and Ukraine traded accusations of shelling in its vicinity, Continue Reading
European Union defense and foreign ministers, meeting in Prague this week, will discuss options for setting up an EU military training mission for Ukrainian forces and also look into calls Continue Reading
Party support renationalizing the country’s energy industry, according to a survey published on Monday, as soaring energy prices put pressure on household budgets. The government has been facing growing calls Continue Reading
Germany’s gas storage facilities are filling up faster than planned, Economy Minister Robert Habeck said, giving hope that Europe’s biggest economy could avoid acute gas shortages this winter. “The reservoirs Continue Reading
A 9 billion-euro ($9 billion) offshore wind power hub planned in the Baltic Sea will mark a significant step in the process of weaning Europe off its reliance on Russian Continue Reading
Countries across Europe are rushing to install new LNG import facilities as quickly as possible. That’s what Matteo Illardo, Europe analyst for RANE risk intelligence, told Rigzone, adding that most Continue Reading
On a hot, humid East Coast day this summer, a massive container ship pulled into the Port of Baltimore loaded with sheets of plywood, aluminum rods and radioactive material – Continue Reading
United Nations atomic agency inspectors are poised to make an emergency visit to Ukraine’s Russia-occupied Zaporizhzhia nuclear power plant early next week, after a breakthrough in negotiations over access , Continue Reading
After weeks of fraught negotiations with Russia and Ukraine, the International Atomic Energy Agency has assembled a team of experts to visit the Zaporizhzhia Nuclear Power Plant in southeastern Ukraine Continue Reading
Russia is flaring natural gas at the Portovaya plant near the Finnish border while drastically cutting gas flows via the Nord Stream pipeline to Germany, a Rystad Energy analysis shared Continue Reading
