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Tag Archives: supply

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UK gas prices surge on supply shortage

British wholesale gas prices rose on Monday due to a reduction in shipments from Norway after the major supplier suffered unplanned outages at its giant natural gas field. UK gas for immediate delivery jumped by 59 pence to 135 pence per therm by 08:09 GMT, its highest level since May …

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Russia halts electricity supply to another EU country

Russia has stopped supplying power to Lithuania, the country’s electricity transmission system operator Litgrid announced on Sunday. Inter RAO, which was the only importer of electricity from Russia to Lithuania, confirmed the suspension of deliveries. Earlier this month, Inter RAO’s Nordic branch also stopped supplying electricity to Finland. Lithuania’s Energy …

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Russia halts electricity supply to Finland

Electricity supplies from Russia to Finland were halted on Saturday, RAO Nordic said in a statement, explaining that it had received no payment for power provided to the country in May. “Unfortunately, we are forced to note that for the volumes which have been sold on the Nord Pool exchange …

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Qatar, Germany in deadlock on LNG supply deal – media

Germany and Qatar have failed to reach an agreement regarding long-term liquefied natural gas (LNG) supply contracts, Reuters reported on Tuesday, citing people close to the talks. According to the outlet, Berlin will not agree to Qatar’s demand to sign deals for a duration of at least 20 years. Despite …

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Supply chain bottleneck warning issued

A new study by the Royal Bank of Canada (RBC) has found that 20% of container ships are currently stuck in congestion at various major ports. According to the report, published on Tuesday and seen by Reuters, China’s Covid lockdowns, the conflict in Ukraine, and other strains are causing longer …

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More EU nations reject Moscow’s gas-supply terms

Czech Prime Minister Petr Fiala said on Friday that Prague has no plans to pay for Russian gas deliveries in rubles, as demanded by Moscow. He was quoted by media after speaking at a joint press conference with his Polish counterpart, saying: “As for the ruble payment, the Czech Republic …

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Poland confirms Russian gas supply to be halted

Poland’s state-owned energy company PGNiG confirmed on Tuesday that Russian energy firm Gazprom will halt deliveries on the Yamal contract as of Wednesday. Earlier reports suggested that the supply from Russia had already been cut off. According to a statement from the Polish gas firm, “Gazprom informed PGNiG of its …

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Germany to supply Ukraine with heavy weaponry

The German government has given the green light for the delivery of self-propelled anti-aircraft guns to Ukraine, the country’s Defense Minister Christine Lambrecht said on Tuesday. Speaking at US-hosted defense talks at the American airbase Ramstein in Germany’s Rhineland-Palatinate state, Lambrecht said that the leadership in Berlin made the decision …

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Western supply lines in Ukraine destroyed – Russia

Russian troops have destroyed six traction substations, – units that power the railways – which are being used for delivery of “foreign weapons and military hardware to the Ukrainian forces in the Donbass,” Defense Ministry spokesman Major General Igor Konashenkov announced on Monday. He added that the stations were located at …

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