Energy
Euro zone grapples with coordinating energy support plans as recession looms
Measures to support the euro-zone economies against soaring energy prices could complicate 2023 budget plans if they need to be extended into…
COP 27: UK’s Rishi Sunak says climate and energy security go hand in hand
British Prime Minister Rishi Sunak said on Monday climate and energy security went "hand in hand" and world leaders must act quickly…
World is in its ‘first truly global energy crisis’ – IEA
Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of…
Dozens of LNG-laden ships queue off Europe’s coasts unable to unload
Dozens of ships carrying liquefied natural gas (LNG) circling off the coasts of Spain unable to secure slots to unload have prompted…
EU to propose extra energy measures, swerve immediate gas price cap
The European Commission is set to propose another set of emergency measures on Tuesday to tackle high energy prices, but draft proposals…
Russian gas supply gap casts chill in Europe as winter nears
Europe needs to pay up to import liquefied natural gas, pray for a mild winter and cut energy demand as any sabotage…
Austria seeks allies for legal challenge to EU green investment rules
Austria said it was seeking to enlist other European Union countries to support its legal action against Brussels for labelling investment in…
Tax people in this room’ to help the poor, Shell CEO tells energy conference
European governments should tax the wealthy to help weaker parts of society weather soaring energy costs but not intervene to cap gas…
Top EU officials call for joint borrowing to deal with energy crisis
Two top European Commission officials called on Tuesday for joint borrowing by the 27-nation European Union to finance a response to the…
Britain at ‘significant risk’ of gas shortages this winter, says regulator
Britain faces a "significant risk" of gas shortages this winter and a possible emergency due to the conflict in Ukraine and limited…
Greece to present proposal on EU gas price cap this week – energy minister
Greece will submit a technical proposal for a cap on natural gas prices to the European Commision later this week following consultations…
Gas crisis lands LNG cargo market in hands of energy giants
Sky-rocketing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of a handful of international…