Tag Archives: Europe

Russian Gas Exports Drop Sharply to Europe via Yamal Pipeline

Russian natural gas deliveries to Germany through the Yamal-Europe pipeline dropped sharply on Saturday, data from German network operator Gascade showed, adding pressure to an already tight European gas market as it heads into peak winter demand. It was not immediately clear why flows were down through the pipeline, one …

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The World Energy Balance is Changing before Our Eyes

On winter’s eve, Europe found itself in an unprecedented energy crisis. The oversupply of fuel observed over the past two years, leading to lower prices, was quickly replaced by an unparalleled shortage which shocked the continent’s electricity production and hit the lives of ordinary citizens. The energy crisis that gripped …

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Russia Puts the Blame on Europe as Energy Crisis Worsens

The European Union (EU) is reportedly reconsidering its position on extending long-term natural gas contracts beyond 2049 as part of reforms in its natural gas market to meet the net-zero by 2050 goal. Should the European Commission’s proposal be endorsed by EU heads of state and government this week, putting …

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European Gas Prices Jump as U.S. Weighs more Sanctions on Russia

European natural gas futures extended Monday’s gain as traders weigh fresh risks to winter supplies. Dutch front-month prices rose as much as 5.6% after Royal Dutch Shell Plc canceled several liquefied natural gas shipments after an outage in Australia, which will intensify global competition for spot cargoes. Traders are also …

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