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

Britain to borrow big again to ease energy shock

Truss sets out plan on third day in office Household bills to be capped at 2,500 pounds To provide liquidity to the energy market with BoE Moratorium on fracking dropped LONDON, Sept 8 (Reuters) – Britain’s new leader, Liz Truss, on Thursday capped soaring consumer energy bills for two years to cushion the economic shock … Read more

Germany keeps two nuclear reactors on standby to weather the gas crisis

A general view shows the nuclear power plant Isar 2 by the river Isar in Eschenbach near Landshut, Germany, August 17, 2022. REUTERS/Christian Mang/File Photo Register now for FREE unlimited access to Reuters.com Register All nuclear reactors still to go offline at year-end Two reactors to remain in reserve in case of shortages Crises in … 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

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

EXCLUSIVE Attacks on major Iraqi gasfield drive out US contractors

Exterran Corp workers leave after more rocket attacks Plan to expand output from Khor Mor gasfield on hold The Kurdish region is heavily dependent on oil and gas revenues ERBIL, Aug 30 (Reuters) – A series of rocket attacks on a gasfield in northern Iraq has sent the US contractors working on its expansion packing, … Read more

Germany’s Scholz says Russia has no reason to hold up turbine return

Turbine caught in energy standoff between West, Russia Scholz visits the Siemens Energy factory where turbines are stored Says turbine ready to be sent back to Russia Kremlin: turbine documentation still lacking Kremlin: Nord Stream 2 could supply gas this year MUELHEIM AN DER RUHR, Germany, Aug 3 (Reuters) – German Chancellor Olaf Scholz on … Read more

Fate of Ukraine’s second largest power plant in balance after Russian advance

Russian-backed forces say they have taken power plant Ukraine does not confirm Vuhlehirsk facility’s capture Says fighting under way nearby in eastern Ukraine Russia cut back gas flows to Europe in energy stand-off Polish PM says Russia can’t be trusted on grains deal KYIV, July 27 (Reuters) – The fate of Ukraine’s second largest power … Read more

Russian gas cut to Europe hits economic hopes after Ukraine grain deal

Gazprom says turbine halt will further cut gas to Germany United Nations hopes for grain exports in days US exploring overland routes after Russian strike KYIV, July 26 (Reuters) – Russia said it will cut gas supplies to Europe from Wednesday in a blow to countries that have supported Ukraine, just as there were hopes … Read more