Russia

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…

Natural Gas

German Gas Levy Could Change as Soon as This Winter -Newspaper

A gas levy on German consumers meant to help utilities cover the cost of replacing Russian supplies could change as soon as this winter, the managing director o…

Wind Farm

Saudi Arabia Is Planning to Build the World’s Largest Wind Farm in Uzbekistan

Saudi Arabia has promised as much as $14 billion in investments in Uzbekistan, with $12 billion earmarked to address ongoing energy shortages.

Coal-Fired Power Plants

Germany’s Uniper to Restart Coal-Fired Power Plant as Gazprom Halts Supply to Europe

German utility Uniper SE on Monday said it will start producing electricity for the market at its Heyden 4 hard-coal-fired power plant as a three-day halt in Ru…

Natural Gas

Russia to Close Nord Stream 1 Taps for Three Days

Gazprom has said the gas supply will be ceased due to a “three-day servicing” in a “preventive maintenance period”

LNG

U.S. Industrial Gas Producer Air Products Exits Russian Business

U.S. company Air Products and Chemicals, Inc. (APCI), the world's leading provider of technology for processing liquefied natural gas (LNG) and associated equip…