The cap proposed by the EU to curb high gas prices will be “immediately” deactivated if it leads to unintended and damaging consequences for the bloc’s economy, according to senior EU officials. There are fears that a price cap, which aims to curb speculation in the market, could scare away much-needed supplies of liquefied natural …
France’s power grid chief has warned that his country is likely to experience power shortages this winter as problems with its nuclear power plants mount. Xavier Piechaczyk, president of the Réseau Transport d’Electricité (RTE), said that consumers could be called upon to consume less electricity at certain times in the event of a cold, or …
France will face power shortages even in ‘normal winter’, says country’s power grid boss Read More »
BP has started shipping liquefied natural gas (LNG) from Mozambique’s vast new reserves, opening up supplies that could help ease Europe’s energy crisis. The first export expedition to set sail has been hailed as a milestone for one of Africa’s poorest countries, where huge offshore deposits were discovered more than a decade ago. The shipment …
British vessel brings Mozambique’s first gas exports to Europe Read More »
Agathe Demarais is director of global forecasts at the Economist Intelligence Unit. His new book on the effects of US sanctions, “Backfire”, will be released next week. Russia has turned energy supply into an economic weapon. The strategy is evident in Ukraine, where Russian drones and missiles bomb power plants. But it’s also evident in …
Russia will lose the energy war launched by Putin – POLITICO Read More »
Qatar is investing millions of pounds in expanding a major gas terminal in Wales, as the government increases its reliance on imported liquefied fuel shipments from abroad. Qatar is upgrading its import terminal on the South Wales coast to enable it to handle around 25% more liquefied natural gas (LNG) imported from around the world. …
Qatar eyes big expansion of Welsh gas facilities as UK bets on switch to LNG Read More »
Extending the windfall tax would be “disastrous” for the North Sea oil and gas sector, a leading industry group has warned in a letter to Chancellor Jeremy Hunt. Brindex has hammered the UK as one of the ‘most fiscally unstable and complex regimes to do business’ and that increasing levies on producers would undermine its …
North Sea oil and gas: raising the windfall tax on oil producers would be disastrous Read More »
Russia will lose the energy battle it is waging against the West, according to Fatih Birol, executive director of the International Energy Agency (IEA). “Just before the invasion [of Ukraine]about 65% of total Russian gas exports went to Europe and 55% of Russian oil exports went to Europe,” Birol told Euronews on Friday afternoon. “Europe …
‘Russia will lose the energy battle,’ says IEA chief Fatih Birol Read More »
The automotive industry is highly dependent on a skilled workforce, which makes staying in Germany attractive. In turn, the presence of the automotive industry also means that there is a demand for domestic steel production. “I’ve heard many swansongs about the German auto industry in recent years and it’s still there,” says Carsten Brzeski, global …
Anger in Germany’s industrial heartland as Putin cuts gas Read More »
Press play to listen to this article Emmanuel Macron dominated Olaf Scholz. This time. From the opening whistle of the European Council summit of European leaders this week, the French president put the German chancellor on the defensive. Arriving at the EU summit on Thursday, Macron told reporters that Berlin was “isolated” in its opposition …
Faced with a complete cut in Russian gas supplies, European countries are counting on each other to get through the coming winter. In the case of France, the country agreed to deliver gas to Germany in exchange for electricity. FRANCE 24 measures the stakes of this unprecedented agreement. France has been delivering gas to Germany …
France sends gas to Germany, one more step towards energy solidarity Read More »
