Energy

EU gas price rockets higher after Russia halts Nord Stream flows

LONDON/OSLO, Sept 5 (Reuters) - European gas prices rocketed as much as 30% higher on Monday after Russia said one of its main gas supply pipelines to Europe would stay…

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EU energy ministers to discuss gas price cap, emergency liquidity help

BRUSSELS (Reuters) - European Union countries' energy ministers will discuss options to rein in soaring energy prices including gas price caps and emergency credit lines for energy market participants, a…

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Sweden, Finland step in to avert Lehman-like situation for power companies

STOCKHOLM/HELSINKI, (Reuters) - Finland and Sweden announced plans to offer billions of dollars in liquidity guarantees to power companies in their countries after Russia's Gazprom shut the Nord Stream 1…

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Explainer: Why Europe faces climbing energy bills

A global surge in wholesale power and gas prices means households across Europe face much higher energy bills this year and beyond, with the region's most vulnerable exposed to fuel…

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Italy’s costs to import energy will double to 100 billion euros

CERNOBBIO, Italy, (Reuters) - Italy's net energy import costs are set to more than double this year to nearly 100 billion euros ($99.5 billion), the economy minister said, warning Rome…

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Last orders: UK pubs brace for mass closures as energy costs soar

LONDON (Reuters) - Like thousands of pubs across Britain, the Red Lion and Sun fears financial ruin this winter as its energy costs surge, just as business was starting to…

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Early starts, new ovens as ceramics industry feels energy pinch

CITTA DI CASTELLO, Italy/AMSTERDAM (Reuters) - Factories in Europe's energy-intensive ceramics industry are changing shift patterns and upgrading their furnaces as companies seek to survive an eye-watering rise in costs.…

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Rising energy prices could fuel social unrest across Europe this winter

LONDON (Reuters) - Europe's wealthiest nations face rising risks of civil unrest over the winter, including street protests and demonstrations, due to high energy prices and mounting costs of living,…

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EU mulling energy price caps, measures to cut power demand; EU chief to outline ideas on Sept. 14

BRUSSELS, Sept 1 (Reuters) - The European Commission is looking into options to cap energy prices and cut electricity demand as part of its upcoming proposals to tackle soaring energy…

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PM Johnson calls for Britain to end its energy dependence on ‘foreign despots’

LONDON (Reuters) - Prime Minister Boris Johnson will say on Thursday that the recent rise in energy prices was a warning that Britain cannot be left at the mercy of…

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UPDATED: Russia deepens Europe’s energy squeeze with new gas halt

FRANKFURT/LONDON, Aug 31 (Reuters) - Russia halted gas supplies via Europe's key supply route on Wednesday, intensifying an economic battle between Moscow and Brussels and raising the prospects of recession…

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Floods, other water-related disasters could cost global economy $5.6 trillion by 2050 -report

Worsening droughts, storms and torrential rain in some of the world's largest economies could cause $5.6 trillion in losses to the global economy by 2050, according to a report released…

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Elon Musk says the world still needs oil and gas

The world must continue to extract oil and gas in order to sustain civilisation, while continuing to also develop sustainable sources of energy, Tesla founder Elon Musk told reporters at…

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French bosses ready to curb energy consumption to avoid rationing

PARIS (Reuters) - French bosses are prepared to make efforts to meet a government demand to cut energy consumption by around 10% to avoid rationing amid soaring prices and fears…

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Austria backs EU cap to end ‘madness’ of runaway power prices

VIENNA, Aug 28 (Reuters) - Austrian Chancellor Karl Nehammer backs a European Union-wide cap on runaway electricity prices, he said in a statement issued by his office on Sunday. Austria's conservative-led government…

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FACTBOX-Europe’s efforts to shield households from soaring energy costs

Aug 26 (Reuters) - Europe is facing massive increases in energy bills driven by rocketing gas prices as the war in Ukraine and European sanctions on Russia heighten concerns for…

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Czechs to propose extraordinary meeting of EU energy council

PRAGUE, Aug 26 (Reuters) - The Czech Republic will propose an extraordinary meeting of the EU Energy Council as soon as possible to deal with soaring energy prices, Industry Minister…

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Factbox: How far are UK energy bills set to rise and what help are consumers getting?

LONDON, Aug 26 (Reuters) - Britain's energy regulator Ofgem said on Friday the cap on domestic energy prices would rise to 3,549 pounds ($4,188.17) a year from the start of…

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ЕНЕРГЕТИКА – Energy

Хоча один із найсильніших впливів на європейських громадян після початку війни та впровадження санкцій пов’язаний із високим тиском на доступність енергії, Україна може отримати вигоду від спільної закупівлі ЄС газу,…

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Seven out of 10 Germans using less energy due to soaring prices -survey

BERLIN, (Reuters) - Seven out of 10 Germans are using less energy due to decades-high inflation in Europe's largest economy while half are spending less on leisure activities, according to…

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UK opposition Labour Party wants parliament recalled over energy price cap

LONDON, (Reuters) - Britain's opposition Labour Party said parliament should be recalled on Monday to freeze energy bills for the winter as the country deals with the worst cost-of-living crisis…

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Sweden tops France as Europe’s largest net power exporter

Sweden overtook France as Europe's largest net power exporter in the first half of 2022, as deep-rooted problems reduced French nuclear availability to historic lows, Energy analysts EnAppSys said this…

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Spain says gas pipeline to France possible in 8-9 months

MADRID, Aug 12 (Reuters) - A potential new gas connection between Spain and France could be ready to operate in less than a year's time, Spanish Energy Minister Teresa Ribera…

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Public buildings in Germany to be heated to 19° Celsius

BERLIN, Aug 12 (Reuters) - Public buildings in Germany should be heated to a maximum of 19 degrees Celsius (66.2°F) under planned legislation to save energy, the Sueddeutsche Zeitung quoted…

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Reports Britain planning for organised blackouts in January

(Reuters) - Britain is making plans for organised blackouts for industry and households over winter when cold weather may coincide with gas shortages, Bloomberg News reported. Electricity capacity shortfall could total about…

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Curbing energy prices in Poland will cost 50 bln zlotys

The cost of curbing energy prices in Poland will amount to around 50 billion zlotys ($10.88 billion) and will be financed largely by taxpayers with energy firms also shouldering some…

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Oil prices drop as data points towards global manufacturing downturn

Oil prices edged lower on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as major crude producers meet this week…

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Hungary’s Orban expects gas deal with Russia this summer

BUDAPEST, July 29 (Reuters) - Hungary expects to sign a deal with Russia on additional gas shipments of 700 million cubic metres by the end of summer, Prime Minister Viktor Orban told…

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U.S. LNG exports to Europe on track to surpass Biden promise

When U.S. President Joe Biden promised European leaders in March that he would help secure new supplies of liquefied natural gas to offset shortages from Russia’s invasion of Ukraine, his pledge was greeted with scepticism. After…

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Malta and Ireland secure exemptions from EU gas deal to voluntary cut usage

Energy ministers approved a proposal for all EU countries to voluntarily cut gas use by 15% from August to March. The cuts could be made binding in a supply emergency,…

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EU Energy Ministers seek common ground on possible gas cuts

Russian gas giant Gazprom's announcement that it will further slash deliveries to Europe this week is politically motivated, European Union energy chief Kadri Simson said on Tuesday (July 26), disputing the company's claim that…

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Dimmed street lights, shorter showers: Germany leads Europe energy savings drive

BERLIN/AUGSBURG, Germany, July 22 (Reuters) - Summer nights in the wealthy Bavarian city of Augsburg this year are eerily dark and quiet: The facades of historic buildings are not illuminated,…

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German gas rationing would hit metals, chemicals hardest -ZEW study

BERLIN (Reuters) - Gas rationing in Germany would impact the metal production and processing, chemical and paper industries most severely, according to a study, amid heightened uncertainty over Russian supply via the…

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EU debates revised plan to reduce gas use after opposition

BRUSSELS (Reuters) -European envoys debated revisions on Friday to a proposal by the EU executive that all bloc members cut natural gas use to prepare for potential Russian supply cuts,…

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Greece opposes EU plan to cut gas use, plans power cuts in emergency

ATHENS, July 21 (Reuters) - Greece opposes an EU plan for countries to cut their gas use by 15% by March, a government spokesman said on Thursday, after the country unveiled a…

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Portugal ‘totally against’ EU proposal on gas usage cuts

LISBON, July 21 (Reuters) - Portugal is "totally against" an EU proposal for member states to cut gas usage until March because it would hamper electricity production through gas-fired plants when the…

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EU says planning for all Nord Stream 1 scenarios, including no restart

The European Commission is planning for all scenarios regarding gas flows to Europe through Russia's Nord Stream 1 pipeline, including the possibility that deliveries do not restart on Thursday when maintenance on…

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Shell CEO says Europe faces tough winter, may need to ration energy

OXFORD, Britain, (Reuters) - Europe faces a "really tough" winter in the face of soaring energy costs which might require fuel rationing, Shell CEO Ben van Beurden said this week. "It will…

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Europe on edge as Nord Stream Russian gas link enters shutdown

The biggest single pipeline carrying Russian gas to Germany began annual maintenance on Monday, with flows expected to stop for 10 days, but governments, markets and companies are worried the…

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Italy looks at ways to curb gas consumption as Russian flows wane

Italians could be encouraged to turn down the heating in winter and spend less time in the shower as reduced gas flows from Russia focus minds on how to cut…

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French Finance Minister: energy and transport firms must do more to ease inflation pain

PARIS, June 29 (Reuters) - French Finance Minister Bruno Le Maire said companies in the energy and transport sectors should do more to return a part of their profits to help customers…

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EU ministers seek deals on climate laws as economy woes test green pledges

LUXEMBOURG (Reuters) -European Union ministers began talks on Monday to approve new laws to fight climate change, but diplomatic sources said economic pressures could prompt efforts to water down some of the…

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UPATED: French energy companies call for ‘immediately’ limiting energy use

PARIS, (Reuters) - The heads of France's big energy companies on Sunday urged individuals and businesses to limit power consumption immediately to prepare for a looming energy crisis. "We need to work…

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Electrofix Group Acquires Arjakon Ltd

Arjakon’s Airwell products on Electrofix’ ECODarna Stand at Trade Fair Electrofix Group, a leading Maltese company specialised in renewable energy products, announces the acquisition of Arjakon Ltd, a leading importer…

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Sunny Spain’s green energy plan leaves needy feeling cold

Standing by his swimming pool at his home in an affluent Madrid suburb, retired engineer Juan Manuel Cosmes Cuesta enthuses over the 30% state subsidy he will get for installing…

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Gazprom’s gas exports to Europe via Ukraine stable but Nordic countries wary

Russian gas producer Gazprom said its supply of gas to Europe through Ukraine via the Sudzha entry point was seen at 41.2 million cubic metres (mcm) on Tuesday, slightly down from…

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Greece to subsidise new fridges, air conditioners to cut energy bill

ATHENS, June 20 (Reuters) - Greece will offer households subsidies to help them replace their old fridges and air conditioners and cut down on soaring power bills, the government said on Monday.…

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MEPs object to Commission’s plan to include gas and nuclear activities as climate-friendly

Two European Parliament committees on Tuesday backed an attempt to stop the EU labelling gas and nuclear energy as climate-friendly investments, setting the stage for a full parliament vote on…

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Divisive ‘green’ gas investment rules face EU Parliament vote

Two European Parliament committees vote on Tuesday on an attempt to stop the EU labelling gas and nuclear energy as climate-friendly investments, and the outcome may indicate whether the full parliament will…

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Greece plans to reduce state energy consumption by 30% by 2030

ATHENS, June 9 (Reuters) - Greece on Thursday urged state entities to reduce use of air conditioning, install window shields and shut computers after working hours, to help cut electricity consumption and…

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Summer fuel shortages looming over Europe – IEA Chief

Europe could face fuel shortages this summer due to squeezed oil markets, the head of the International Energy Agency, Fatih Birol, told Germany's Spiegel. "When the main holiday season starts…

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Russia widens Europe gas cuts as Gazprom halts Dutch trader’s supply

Russia widened its gas cuts to Europe on Tuesday with Gazprom turning off supply to top Dutch trader GasTerra escalating the economic battle between Moscow and Brussels and pushing up European gas prices. The move comes a…

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High gas prices, energy security fears impede decarbonisation push

DAEGU, South Korea, (Reuters) - Energy security has become a top priority for importers as forecasts of tighter gas supplies and volatile prices in the next few years are keeping buyers on…

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EU Agreement on gas storage is unprecedent – former EP President

EU countries have committed to filling underground gas storage facilities on their territory, aiming for 85% - at least - of their capacity by 1 November 2022 as Member States…

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EU plans first joint gas buying before winter

The European Union plans to start jointly buying gas before winter, the bloc's energy policy chief said on Monday, as it seeks to cut reliance on Russian fossil fuels and build a buffer…

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Bulgarian government approves plan to offset high energy prices

SOFIA, May 16 (Reuters) - Bulgaria on Monday approved a new stimulus package to shield companies from the surge in energy prices bolstered by the war in Ukraine, Prime Minister Kiril Petkov…

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South is key for diversification of Italy’s energy sources – Draghi

Premier Mario Draghi said Friday that Italy's less wealthy southern regions have a key role to play in the process of diversifying energy sources as the nation seeks to end…

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