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

What are Vladimir Putin’s options after Russian military setback in Ukraine?

Putin is under pressure from Russian nationalists They want mass mobilization, harsher tactics Few quick fix options for Russian leader however Many of them carry domestic, geopolitical risks Putin has so far been silent on the military setback LONDON, Sept 13 (Reuters) – Russian President Vladimir Putin has yet to publicly comment on a lightning … 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

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

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