Europe races to prepare for energy crunch this winter

Spain may shut energy-intensive industries at peak times France prepares to send gas to Germany in October Germany to sign LNG contracts in UAE Berlin still working on Uniper bailout BERLIN/LISBON, Sept 19 (Reuters) – Germany was pressing on Monday to secure liquefied natural gas contracts with Gulf producers and other European states outlined measures … Read more

The EU seeks $140 billion to insulate consumers from the energy crisis

Russia has steadily cut gas supplies to Europe European governments fork out billions to help businesses EU’s von der Leyen says aid so far ‘will not be enough’ BRUSSELS/DUESSELDORF, Sept 14 (Reuters) – The European Union’s executive outlined plans on Wednesday to raise more than $140 billion from energy firms to help shield households and … Read more

How Europe’s Energy Crisis Could Play Out

The energy crunch in Europe escalated into a full-blown crisis this past week after Vladimir Putin cut off the pipeline that supplies a third of the natural gas that Russia sends to Europe. Natural-gas prices soared 30% at one point, and Goldman Sachs analysts projected that Europeans will see their monthly energy bills triple this … Read more

Ukrainian forces threaten Russian supply lines after breakthrough

Zelensky says forces have recaptured towns and villages Blinken visits Kyiv with new US aid package KYIV, Sept 9 (Reuters) – Swiftly advancing Ukrainian troops were approaching the main railway supplying Russian forces in the east on Friday, after the collapse of a section of Russia’s front line caused the most dramatic shift in the … Read more

Shelling at Ukrainian nuclear plant highlights danger ahead of UN report

Register now for FREE unlimited access to Register Zaporizhzhia plant cut from grid but operating safely – IAEA Zelensky warns of near nuclear “catastrophe” Kyiv cites battlefield gains, including Kherson province town European markets hit hard by the closure of the Russian gas pipeline KYIV, Sept 6 (Reuters) – The UN nuclear watchdog is … Read more

EU races to shield industry as Russia gas stoppage shakes markets

European gas price up about 400% on a year ago EU states race to support struggling power firms Disruptions hinder EU efforts to fill storage EU says Moscow weaponized gas, Russia blames sanctions LONDON/OSLO, Sept 5 (Reuters) – European gas prices surged, stocks slid and the euro sank on Monday after Russia halted gas flows … Read more

Ukraine’s Zelensky warns of tough winter, reports war gains

Zelensky: Russia plans ‘decisive energy blow on all Europeans’ Russia delayed pipeline re-opening in blow to Europe IAEA says line down at Zaporizhzhia plant but backup working US ambassador to Russia leaves post KYIV, Sept 5 (Reuters) – European leaders sought to ease the impact of high energy prices across the continent after Ukrainian President … Read more

Russia, West step up energy war as risk of nuclear disaster haunts Ukraine

Russia delays pipeline reopening in blow to Europe G7 finance chiefs agree on Russian oil price cap Ukraine, Russia trade blame over nuclear plant ZAPORIZHZHIA, Ukraine, Sept 3 (Reuters) – 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 … Read more

Russia deepens Europe’s energy squeeze with new gas halt

Outage for maintenance on the Nord Stream 1 pipeline No flows to Germany 0100 GMT, Aug. 31 – 0100 GMT, Sept. 3 European governments fear Moscow could extend the outage German regulator: we are saving gas, must keep doing so Siemens Energy: not involved in maintenance work FRANKFURT/LONDON, Aug 31 (Reuters) – Russia halted gas … Read more

Ukraine makes push along entire front, Zelensky says, as Russia halts gas

Zelensky says engagement on the whole front Russia says its forces rout Ukrainians IAEA team sets off from Kyiv for nuclear plant Flow of Russian gas drops to zero in pipe to Germany MYKOLAIV, Ukraine/KYIV, Aug 31 (Reuters) – Ukrainian troops have attacked Russian positions along the entire front, Ukrainian President Volodymyr Zelensky said, while … Read more