16

May

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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14

May

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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10

May

Germany prepares crisis plan for abrupt end to Russian gas

German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the…

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09

May

Biden sidelined global energy partners with record emergency oil release

The United States announced a record-sized release of emergency crude oil reserves in March without consulting partners in the International Energy Agency, leaving them scrambling to match with releases of…

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02

May

Italy readies $7 billion package to curb energy prices, help firms

Italy is set to unveil a new stimulus package on Monday worth up to 7 billion euros ($7.35 billion) to curb surging energy prices and help companies cope with the…

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02

May

EU energy ministers hold crisis talks after Russian gas cuts

BRUSSELS, May 2 (Reuters) - Energy ministers from European Union countries hold emergency talks on Monday, as the bloc strives for a united response to Moscow's demand that European buyers pay for…

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28

Apr

Stop relying on Russia, Ukraine warns Europe after gas shutoff

Europe should stop depending on Russia for trade after Moscow halted gas supplies to Bulgaria and Poland for not paying in roubles, Ukraine said, as the shutoff exposed the continent's…

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26

Apr

Spain, Portugal urged not to act alone on high electricity prices

Power trading platforms are urging the Spanish government not to intervene alone in the system that sets the price of electricity, in its bid to bring down sky-high utility bills,…

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21

Apr

Use less air con, drive slower to shun Russian energy and save money, IEA urges

BRUSSELS, April 21 (Reuters) - Raise your air conditioner's temperature, adjust your boiler settings, drive slower and swap short-haul flights for trains: some of the International Energy Agency's advice on how consumers…

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20

Apr

Italy to turn down air conditioning to save energy

ROME, April 20 (Reuters) - Italians could face a long hot summer with the air conditioning turned down in public offices and buildings as the government seeks to reduce its reliance on…

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19

Apr

Balkans turns to coal as energy crisis trumps climate commitments

Balkan nations in southeast Europe are turning to coal as they try to tackle a global surge in energy prices, raising fears among environmentalists that countries are rowing back on…

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12

Apr

German gas reserves can last until late summer, says regulator

Germany's gas reserves would last until at least late summer should Russian supplies stop now, the network regulator said on Tuesday, warning pressure on the European Union to ban Russian…

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12

Apr

Italy clinches gas deal with Algeria to temper Russian reliance

Italy clinched an agreement on Monday to ramp up gas imports from Algeria by around 40% in its first major deal to find alternative supplies following Russia's invasion of Ukraine.…

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10

Apr

Solar, wind and diesel: European companies tool up in energy crisis

BERLIN/MADRID/COPENHAGEN, (Reuters) - Big companies aren't waiting around for Europe to wean itself off Russian fossil fuels. With Moscow's invasion of Ukraine deepening the region's energy crisis, some are taking matters into…

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05

Apr

EU Commission proposes banning Russian coal imports, ships from entering EU ports

The European Commission proposed on Tuesday new sanctions against Russia over its invasion of Ukraine, including a ban on buying Russian coal and on Russian ships entering EU ports, and said…

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04

Apr

Russia maintains gas deliveries as Europe mulls tighter sanctions

Russia maintained gas flows through key pipeline routes into Europe on Monday, despite uncertainty over payment terms and as the EU said it would "significantly tighten" further sanctions against Moscow…

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28

Mar

Spain to approve 16 bln euros in aid to mitigate soaring energy prices

MADRID, March 28 (Reuters) - The Spanish government will approve on Tuesday a package of around 16 billion euros ($17.5 billion) in direct aid and soft loans to help companies and households…

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26

Mar

EU leaders struggle to find short-term fix for energy crunch

BRUSSELS, March 25 (Reuters) - EU leaders failed on Friday to agree a short-term solution to the energy market crunch made worse by Russia's invasion of Ukraine, but did offer a compromise…

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24

Mar

German coalition agrees new measures to cushion energy price hikes

BERLIN, March 24 (Reuters) - Germany's ruling coalition on Thursday unveiled relief measures for households grappling with exploding energy costs after Russia's invasion of Ukraine, including a three-month petrol and diesel subsidy. The deal between Chancellor Olaf Scholz's…

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23

Mar

EU eyes joint gas buying to tackle energy crunch

BRUSSELS, March 23 (Reuters) - The European Union recommended on Wednesday that EU countries jointly buy gas to shore up supply, but warned that seeking to cap wholesale prices would cause problems…

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22

Mar

Barclays says Ukraine crisis may hinder progress on climate goals

British bank Barclays said on Tuesday disruption in energy markets since Russia's invasion of Ukraine could hamper its ability to meet its carbon emission reduction targets. In a notice ahead…

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22

Mar

EU countries fail to agree on sanctioning Russian energy sector

The European Union's foreign ministers disagreed on Monday on whether and how to slap sanctions on Russia's lucrative energy sector over its invasion of Ukraine, with Germany saying the bloc…

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17

Mar

FACTBOX-Global fuel subsidies ramped up to counter energy price spike

SINGAPORE, March 17 (Reuters) - Countries have announced fuel subsidies to cushion consumers from the impact of soaring energy prices after oil skyrocketed last week to 14-year highs.  Here are the measures…

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17

Mar

Europe seeks breakthrough on climate change plans amid energy crisis

BRUSSELS, March 17 (Reuters) - EU environment ministers will assess their progress on negotiating a raft of new climate change policies on Thursday, with countries divided over whether soaring energy prices should…

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16

Mar

Italy, Spain, Greece and Portugal PMs to hold meeting on Friday

The prime ministers of Italy, Spain, Portugal and Greece will meet in Rome on Friday ahead of a regular summit of European Union leaders, the Italian government said. A Greek…

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16

Mar

Italy needs at least 3 years to fully replace Russian gas imports – minister

ROME, March 16 (Reuters) - Italy will need at least three years to completely replace its gas imports from Russia with other energy sources, Ecological Transition Minister Roberto Cingolani said on Wednesday.…

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15

Mar

EU Finance Ministers seek common ground on energy strategy

European Union finance ministers on Tuesday (March 15) met to define a common EU strategy in a context of spiking energy prices due to Russia's invasion of Ukraine. Global energy market…

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14

Mar

Russian energy import stop could cost Germany up to 3% of GDP -economists

BERLIN, March 14 (Reuters) - A halt to Russian energy imports could cost Germany up to 3% of its gross domestic product (GDP) in the short term, estimates by the EconPol Europe…

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12

Mar

Azerbaijan prepared to increase gas supplies to neighbours – energy ministry

March 12 (Reuters) - Azerbaijan is prepared to increase its supplies of gas to neighbouring countries if needed, but supplying to Europe would require more planning, Azerbaijan's energy minister told a diplomatic…

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01

Mar

Nord Stream 2 owner considers insolvency after sanctions

Nord Stream 2 AG, which is registered in Switzerland and owned by Russian state-owned gas giant Gazprom , last year completed the $11 billion project which was designed to double…

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26

Feb

EU energy ministers to hold emergency meeting on Monday, France says

PARIS, Feb 26 (Reuters) - European energy ministers will hold an emergency meeting on Monday, the French government said on Saturday, after a surge in prices for oil and gas following Russia's…

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20

Feb

Election: Malta to vote on March 26th – PM Abela / Malta News Briefing – Sunday 20 February 2022

News Update Prime Minister Robert Abela announced that Malta will be going to the polls on March 26th. The announcement came during a rally organised by the Labour Party in…

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18

Feb

EU wants to make countries fill gas storage before winter – draft

BRUSSELS, Feb 18 (Reuters) - The European Union wants to require countries to fill natural gas storage ahead of each winter, to help bolster stocks and cope with supply disruptions, according to…

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15

Feb

Russian-German energy cooperation is a priority, Putin tells Scholz

Russian-German energy cooperation is a priority for Moscow, which views Berlin as one of its main partners, Russian President Vladimir Putin told German Chancellor Olaf Scholz ahead of talks in…

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13

Feb

Explainer: Why Europe faces climbing energy bills

LONDON  (Reuters) - Households across Europe are facing much higher energy bills this year and beyond due to a global surge in wholesale power and gas prices, with consumer groups…

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11

Feb

Ireland cuts 200 euros from energy bills to curb rising costs

DUBLIN (Reuters) - The Irish government announced a 200 euro credit to all domestic electricity accounts and a 20% cut to public transport costs until the end of the year…

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05

Feb

EXPLAINER-Why Europe faces climbing energy bills

 (Reuters) - Households across Europe are facing much higher energy bills this year and beyond due to a global surge in wholesale power and gas prices, with consumer groups warning…

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04

Feb

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

LONDON - Energy prices for millions of British households are set to soar from April after the country's regulator Ofgem said on Thursday that it would raise its cap on…

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03

Feb

British energy bills to jump 54% in blow to cash-strapped consumers

LONDON, Feb 3 (Reuters) - Britain's energy regulator said on Thursday consumer bills would rise by 54% to 1,971 pounds a year from April, a record leap in response to…

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01

Feb

Belgium to cut VAT in response to energy price spike

Belgium will cut value added tax on electricity as part of a package to shield consumers from rising energy prices, the prime minister said on Tuesday. European gas and power…

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01

Feb

Fossil fuel subsidies to face tighter EU scrutiny

The European Commission wants to increase scrutiny of whether countries are phasing out fossil fuel subsidies fast enough to meet climate goals, under EU rules due this year. EU countries spent 56 billion euros on fossil fuel subsidies in 2019, with 15 states spending more…

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25

Jan

US seeks to protect Europe’s energy supplies if Russia invades Ukraine

Western leaders stepped up preparations for any Russian military action in Ukraine on Tuesday, with the United States focusing on how to protect energy supplies and Britain urging other European…

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22

Jan

Global energy transition to cause short-term economic pain -report

WASHINGTON (Reuters) - The transition to clean energy required to prevent temperatures from rising swiftly could shave 2% off global GDP by 2050 but is likely recoverable before the end…

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18

Jan

Germany cannot rule out Nord Stream 2 as means of pressure, says foreign policy expert

Germany cannot rule out using the Nord Stream 2 pipeline as a means of pressure against the Kremlin in case of further Russian aggression towards Ukraine, a senior official from…

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15

Jan

Italy prepares energy package to curb surging bills, sources say

Italy is preparing measures, including an increase in domestic gas output, to try to lower surging energy bills, four government and political sources told Reuters, adding the measures could be…

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14

Jan

Emissions, prices set to rise with global power demand – IEA

PARIS, Jan 14 (Reuters) - Additional global electricity demand over the next three years could result in market volatility and high emissions unless there are faster structural changes, the International…

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12

Jan

Sweden to support households hit by high electricity prices

STOCKHOLM, Jan 12 (Reuters) - Sweden will compensate those households which have been worst hit by a surge in electricity prices, Finance Minister Mikael Damberg said on Wednesday, with the…

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09

Jan

German government addresses spiralling energy prices

FRANKFURT, Jan 9 (Reuters) - German government departments are stepping up efforts to help consumers affected by runaway wholesale energy prices which are beginning to hurt low-income households, two policymakers…

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07

Jan

British Gas suggests VAT suspension on energy bills to help consumers

Jan 7 (Reuters) - British Gas, owned by Centrica, said on Friday it has not asked for government money to help weather ongoing energy price spikes, and suggested a suspension…

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04

Jan

Gas can be useful in the energy transition – EPP

The Group of the European People's Party expressed support to an EU decision to label gas and nuclear energy as green, saying that gas can help facilitate the energy transition, though…

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02

Jan

Bulgaria hikes natural gas price by 30.4%

SOFIA, Jan 1 (Reuters) - Bulgaria's energy regulator said on Saturday it has approved a 30.4% increase of the wholesale natural gas price for this month, following a request by…

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02

Jan

EU drafts plan to label gas and nuclear investments as green

Jan 1 (Reuters) - The European Union has drawn up plans to label some natural gas and nuclear energy projects as "green" investments after a year-long battle between governments over…

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24

Dec

EU weighs sweeping new powers to maintain supplies during crises

The European Union is weighing a broad set of new powers, including possible export controls, that would give it the ability to protect the bloc’s supply chain during periods of…

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23

Dec

Heavy industry urges EU to tame ‘unbearably high’ energy prices

BRUSSELS, Dec 23 (Reuters) - Energy intensive industries have urged the European Union to address soaring energy prices, saying the record costs have hit their competitiveness and could prompt European…

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17

Dec

FIAU imposes €2.6m penalty on BOV/ Malta News Briefing – Friday 17 December 2021

FIAU imposes €2.6m penalty on BOV: The Financial Intelligence and Analysis Unit (FIAU) has imposed a fine of €2.6 million on it as an administrative penalty for failing to report…

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16

Dec

EU leaders meet to discuss booster jabs, energy prices and Russian aggression

 EU leaders are back in Brussels for a one-day European summit with a busy agenda that promises discussions around booster shots, energy prices, migration routes and Russia's military build-up along…

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13

Dec

EU to propose joint gas buying in response to high energy prices – document

BRUSSELS, Dec 13 (Reuters) - The European Commission will propose a system for EU countries to jointly procure gas to form strategic reserves of the fuel, a measure drawn up…

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