Russia

EU

European Commission – Demand Reduction and Taxes to Tackle Energy Costs

The European Commission has tabled an ‘emergency intervention’ to tackle the spiralling energy prices in the face of the Russia-Ukraine conflict.

Natural Gas

Germany Edges Closer to Nationalisation of Ailing Gas Importer Uniper

Uniper, government weighing bailout options

Energy Saving

EU Parliament Backs Higher Targets on Renewables and Energy Savings

European Union lawmakers voted on Wednesday to raise the bloc's targets to expand renewable power and save energy, backing proposals that had been made more amb…

Natural Gas

EU to Propose Crisis Measures to Curb Energy Price Spike

The European Union is set to unveil plans on Wednesday to skim off windfall profits from energy companies and impose cuts in electricity usage across the bloc. …

Natural Gas

Czech Government Approves Electricity, Gas Price Cap

The Czech government agreed on Monday to cap electricity and gas prices next year to shield households from soaring prices on markets, Prime Minister Petr Fiala…

Energy Transition

Electrification Key for Europe’s Energy Transition – Power Barometer 2022

In order for Europe to wean itself off of Russian and fossil fuel imports, electrification across the sector is key, states Eurelectric’s Power Barometer 2022.…

Oil Price

Oil Prices Climb on Tight Supply Worries

Oil prices rose by as much as $1 per barrel on Thursday after dropping below key technical support levels in the previous session, as an energy standoff between…

Germany

Germany to Subsidise Basic Level of Power for Homes, Businesses - Ministry Paper

Germany plans to subsidise a basic level of electricity usage for households and set aside cheaper power for small and medium-sized businesses, according to mea…

Crude Oil

Norwegian Energy Giant Equinor Completes Russia Exit

It has exited from four joint ventures with state-owned Rosneft as well as the Kharyaga oilfield project

Natural Gas

Siemens Energy: Don’t Understand Gazprom View on Nord Stream 1

Siemens Energy said on Tuesday it does not comprehend Gazprom's presentation of the situation with the Nord Stream 1 pipeline

Russian Federation

Enel CEO Awaits Word on Sale of Russian Unit to Lukoil

Italian utility Enel has no indication on when it can close the sale of its Russian unit, CEO Francesco Starace said on Saturday, adding prospective buyer Lukoi…

Offshore Wind Power

Germany Secures Link to Planned Baltic Sea Renewable Energy Island

Germany has secured a power link to a planned offshore wind hub in the Danish part of the Baltic Sea that will help reduce energy dependence on Russia, Denmark'…

Germany

Germany Prepares for Possible Nationalisation of Gazprom Germania - Paper

The German government has set up a holding company to carry out a possible nationalisation of Gazprom Germania, the energy business abandoned by Russia's Gazpro…

Natural Gas

Norway Eyes High Gas Output Until 2030, Says Energy Minister

Norway plans to maintain its current high gas production level until the end of the decade as Europe plans to ditch Russian imports, its energy minister said on…

LNG

Germany Touts Possible ‘Major Role’ for Canadian LNG in Shift Away From Russia

Germany hopes Canadian LNG will help ease its shift away from Russian gas imports, Chancellor Olaf Scholz said on Tuesday, a day after Canada played down the ec…