According to the International Energy Agency, gas consumption must be reduced by the Continent in order for it to remain safe & secure.
Gazprom CEO Alexei Miller says gas price cap would lead to supply halt
Alexei Miller, Gazprom’s CEO, stated Sunday that plans to limit the price of Russian gas exports will cause supply to be halted. This is a similar threat to President Vladimir
Mystery leaks hit both Russian undersea gas lines, raising European suspicions
On Tuesday, European countries raced to investigate mysterious leaks in Russian gas pipelines that run under the Baltic Sea between Sweden and Denmark.
Coal rush! Global search for polluting fuels fueled by the energy crisis
The small port of Mtwara in Tanzania was primarily delt in cashew nuts until last year. It bustles now with ships loading up coal as Russia’s invasion of Ukraine prompts
UK paid Belgium 50 times the going rate to keep London’s lights on
To get to the bottom of British energy humiliation, we need a public inquiry.
Russia’s cash reserves run dry as West ramps up sanctions – shuns Putin’s energy
Russia’s budget surplus has fallen significantly, the latest indication that Russia’s public finances are under pressure from sanctions and the Kremlin cutting off gas supplies to Europe.
Rocketing energy prices hit as EU debates gas price cap
Europe felt the chill from soaring energy costs Monday. France said it couldn’t pay all the additional costs for consumers while Britain is at greater risk of falling into recession.
Don’t let Putin fool you, Russian banks lose $25bn as sanctions take their toll
Russian banks lost 1.5 trillion roubles ($25bn), in the first half year of sanctions imposed by western countries that deprived the country of large parts of the global financial system.
The UK goes big to ease energy shock, EU meets on Friday
Britain will limit consumer energy bills over two years and channel billions of dollars to power companies, Liz Truss, the new leader of the country’s energy department, said Thursday. This
Russia warns of economic damage that will last for years, according to an internal report
According to an internal report, Russia could face a deeper and longer recession due to the spread of US and European sanctions, which will impact sectors that Russia has depended
The Kremlin says that Europe is to blame for Nord Stream 1 shutdown
Monday’s Kremlin statement stated that sanctions from Western countries were responsible for the complete shutdown of the Nord Stream 1 pipeline, which links Russia and Germany.
Siemens Energy accuses Gazprom of lying over the closure of the Nord Stream 1 pipeline
Gazprom (GAZP.MM.) stated that an engine oil leak was found at the Portovaya compressor stations’ last turbine. However, it does not mean that there is a technical reason to stop