Tag Archives: energy

Europe is in the grips of an energy crisis and the situation will only get worse as the West attempts to ban Russian energy imports, Russia’s former president Dmitry Medvedev wrote on his Telegram channel on Tuesday. “Of course, our opponents will continue to do everything to cause maximum damage …

The surge in energy prices, which began last year and has been reinforced by Russia’s military action in Ukraine and the “collective West’s” sanctions war against Moscow, has brought the world back to the 1970s. That was a time when stagflation raged – first in Britain and then in other countries …

Russia is now getting more money from its fossil fuel trade than it did before the start of its military operation in Ukraine, which prompted some Western nations to target Moscow with a barrage of sanctions, US Senior Advisor for Global Energy Security Amos Hochstein told American senators on Thursday. …

President Joe Biden has blamed Russia for another crisis, saying the US might not be able to generate enough electricity to meet consumer demand partly because of Moscow’s military offensive against Ukraine. The president declared an energy emergency on Monday, saying national security and quality of life are jeopardized by …

UK authorities are in talks to reopen a key natural gas storage facility to tackle the energy crunch that has gripped the country and the rest of Europe, according to unnamed sources as quoted by Bloomberg. The government and Centrica, a British multinational energy and services company are reportedly discussing …

Denmark has become the fifth country to be cut off from Russian natural gas following the refusal of its biggest power wholesaler Orsted to pay for deliveries in rubles. Supplies to Shell Energy Europe Limited in Germany have also been halted for the same reason, Russian energy giant Gazprom announced …

The liquefied natural gas (LNG) market could be hit with a potentially historic shortage this winter as the world rushes to secure the super-chilled fuel, Bloomberg reported this week, citing experts. According to the sources, the EU’s plan to cut imports of piped Russian gas by two-thirds by the end …

A EU commissioner, Margrethe Vestager, told Germany’s Handelsblatt newspaper on Wednesday that European consumers will have to put up with permanent price increases for energy as the continent wants to become independent from Russian imports. “A significant part of European industry relies on ultra-cheap energy from Russia, super-cheap Chinese labor …

Norway has made it clear that it’s not going to give in to Poland’s demand for it to share its growing profits from the oil and gas trade with either Warsaw or Kiev. On Sunday, Polish Prime Minister Mateusz Morawiecki claimed that Norway would earn an extra €100 billion ($106.9 …

Around 40% of British families will live in “fuel poverty” if the country’s authorities don’t take steps to lower energy prices, according to the head of the energy company E.ON, Michael Lewis, as quoted by The Independent. “Some people are at the edge and that will get worse,” Lewis said, …