Tag Archives: Europe

Russian President Vladimir Putin on Thursday said that the country’s natural gas must be paid for with rubles, a demand apparently intended to help bolster the Russian currency, but one that European leaders say they will not comply with because it violates the terms of contracts and sanctions. Putin said …

Qatari Energy Minister Saad Al Kaabi said in an exclusive interview with CNN’s Becky Anderson that Qatar will stand “in solidarity with Europe” and will not divert gas contracts to other customers. Qatar supplies some European countries with gas in the form of divertible contracts, which means it is able …

Faced with high energy prices and the urgent need to break away from Russian fossil fuels, the European Commission is doubling down on the roll-out of renewables and energy efficiency measures. The war in Ukraine has led to a monumental shift in EU climate policy. Within weeks of the invasion, …

European natural gas steadied on Tuesday as Russian supplies flow to the continent in line with orders and mild weather keeps demand in check. Dutch futures, the European benchmark, were little changed at 97 euros per megawatt-hour by 8:38 a.m. in Amsterdam, after two days of declines. Prices appear to …

European states are urgently seeking policies to stem the energy inflation tide amid conflict in Ukraine which has sparked price hikes – notably of oil, which has soared past $100 a barrel. As companies and consumers alike labour under the strain with food and energy prices soaring to multi-decade highs, …

Last week, Moscow made good on its threat to weaponize its energy exports in retaliation against Western sanctions by imposing wide-ranging export bans. Alexander Novak, Russia’s deputy prime minister, said his government has the “full right” to “impose an embargo” on gas supplies by halting gas supplies through the Nord …

The EU plans to impose sanctions against Russian oil giants Rosneft , Transneft and Gazprom Neft and block investments in fuel production, media have reported on Monday. European Union states are set to undertake new sanctions towards Russia’s oil majors Rosneft , Transneft and Gazprom Neft, but will proceed to …

A sharp increase in U.S. liquefied natural gas exports to alleviate a tight supply market in Europe has come under fire for its environmental effects. As a result, the boost in exports has slowed down, Reuters has reported, citing unnamed sources from Washington and the energy industry. Europe has become …

European utilities are getting increasingly reliant on coal for power as the region tries to reduce its dependence on Russian natural gas. Even with prices for the dirtiest fossil fuel surging with most other commodities, it’s still much cheaper for power plants to burn coal than gas to make electricity. …

With Europe unveiling plans this week to end its reliance on Russian gas by 2030, Algeria is keen to boost its output and become a major player. However, with long-term Russian contracts and structural issues in Algeria, that will prove to be a challenge, experts say. About 40 per cent …