Tag Archives: energy

There’s high dependence on Russian gas, oil and coal supplies in Germany and the EU, so giving up on them will have “massive consequences,” the CEO of German multinational energy company RWE, Markus Krebber, has warned. “An immediate stop would have unforeseen consequences for the heat supply of households,” Krebber …

If Western sanctions lead to Russia’s oil exports being completely cut off, the world can expect the international energy market to collapse, a senior figure at the American rating agency Fitch said on Tuesday. Speaking in an interview with Russian news agency TASS, Dmitry Marinchenko explained that the current spike …

Norway’s Equinor will maintain maximum natural gas production rates through the spring and summer to help the European Union fill its gas storage facilities, the company’s chief executive said this week. The pledge comes amid continued concern about gas supplies into the warmer months of the year, which is typically …

On Thursday, the Bank of England warned that Brits face the biggest decline in living standards in three decades over the next year. The reason is that just about everything is getting more expensive, but incomes will not rise anywhere near enough to match this surge of inflation. The Bank’s …

Russia’s Gazprom and the China National Petroleum Corporation (CNPC) signed a second long-term contract on Friday for the supply of 10 billion cubic meters (bcm) of natural gas from the Russian Far East. The agreement comes as Russian President Vladimir Putin is in China on an official visit. According to …

The head of German energy company Uniper says the certification of Nord Stream 2 is going as expected and may be completed mid-year. He also believes there is no political influence involved in the process. “I do not see any political influence, the Federal Network Agency is carrying out checks …

Ukraine’s energy security is not threatened by Russia, despite Kiev’s insistence, but by the complete failure of its own system and the paralysis of the current authorities, the Russian Foreign Ministry has claimed. Writing on Telegram, on Wednesday, spokeswoman Maria Zakharova claimed that Kiev was shooting itself in the foot …

Germany is shutting down three nuclear power plants on Friday, in a move to halve the country’s remaining nuclear capacity. The measure comes despite the worst ever energy crises the European region has experienced. The closures, which come as a result of decision to completely phase out atomic energy, taken …

According to the media, electricity discounter Stromio has become the seventh provider since October to halt supplies to household customers. Most of these companies have filed for bankruptcy. Stromio explained that the move is due to the “historically unique price development in the electricity market.” Industry experts believe that several …

In a statement on Wednesday, the company said it is discussing the projects with advisory firm Energy Estate, which is represented in the Australian cities of Sydney, Canberra, and Adelaide. The plans include the construction of three facilities – two floating ones off the coast of New South Wales and …