Tag Archives: Europe

Year-ahead electricity prices continue to soar in Europe, with German power prices, the European benchmark, jumping to over $508 (500 euro) per megawatt-hour on Tuesday amid low Russian gas supply and a heatwave constraining supply and output from other fuel sources. Over the past year, German power prices have soared …

Europe is hoping the new gas levy Germany is introducing for all gas consumers not have “unintended consequences”. It is hoped that this new tax will allow the country to offset the rising cost of gas imports caused by the reduced Russian gas flows through Nord Stream 1 pipeline. Germany …

According to operator data, gas flows from Russia to Europe through some major pipelines remained steady, although low, on Tuesday. Physical flows through the Nord Stream 1 pipeline from Russia to Germany were 14,604,119 kilowatt hours per hour (kWh/h) from 7:00 to 8:00 CET, consistent with levels reported on Monday …

The war in Ukraine has changed the direction of energy supplies around the world, and one result is that the United States is now sending more gas to Europe by sea than Russia by pipeline, the Wall Street Journal reported, citing ICIS data. Since 1967, Gazprom’s pipelines in western Siberia …

Natural gas prices in Europe edged lower amid rising inventories and signs of reduced demand, while supplies from Russia remain steady, albeit low. Benchmark futures erased earlier gains, though they’re still trading near their highest levels since early March, during the first weeks of Russia’s invasion of Ukraine. Prices rallied …

Russia’s invasion of Ukraine earned the communist country countless sanctions from different several states. In retaliation, President Vladimir Putin cuts the gas supply in answer to the Russian sanctions imposed by “unfriendly countries.” Europe is suffering more damage due to Russia sanctions imposed by the US and other countries due …

European politicians have been scouring their neighbourhood to find new gas supplies to replace those threatened by Russia. They have secured some promises in their tour that took them from Azerbaijan via the Gulf to Egypt and Israel. They have visited Algeria too, but Africa’s largest country and biggest gas …

Russia is boosting natural gas shipments to China as it curbs flows to Europe, a dynamic that may offer some respite from the unprecedented rally in energy costs, according to consultant Accenture Plc. Gas prices in Europe soared after Russia slashed supplies to its biggest market following the invasion of …

When Gazprom suspended the flow of gas earlier this month via the Nord Stream 1 pipeline, the European Union—and Germany, specifically—braced for a permanent halt in that flow. The deterioration in relations between Brussels, Berlin, and Moscow made such a halt a distinct possibility, but Gazprom restarted the flow of …

Europe’s energy efficiency plan to combat the bloc’s energy crisis and secure sufficient gas supplies ahead of the winter cannot exclude gas flow from Russia in order to fill up gas storage. Natural gas storage has become an important tool in alleviating the energy crisis, which has escalated since the …