Tag Archives: Europe

Natural gas prices have spiked worldwide, with price surges most acutely felt in Europe. There are few short-term solutions to the problem, but recent gas flows from Russia have resulted in huge moves in the market, highlighting the enormous sway that Russia has over the gas market at the moment. …

Europe is set to get its first cold spell of the winter season, putting the continent’s already scant energy supplies under pressure. Temperatures are set to drop starting this week, with parts of Italy forecast to experience weather as much as 2 degrees Celsius below normal. Southern France, Spain and …

Russia’s Gazprom PJSC said it’s kicking off a plan to send gas into five European storage facilities in November, delivering on a promise made by President Vladimir Putin to the energy-hungry continent last month. “The volumes and gas-transportation routes have been determined,” Gazprom said in a statement, without giving further …

Europe could have a way out of a natural gas shortage if the winter is colder than usual. The very tight European gas market may find relief from the supply crunch if it taps part of the so-called cushion gas, which keeps supply pressure at storage facilities, energy consultancy Wood …

The energy supply crisis has been aggravated by one of three major Russia-Europe supply pipelines changing the direction of its gas flow. Flows in the Yamal-Europe pipeline between Russia and Germany are moving eastbound for the third day running, according to Gascade’s data. This is the second time gas supplies …

Europe’s large dependence on one single natural gas supplier has contributed to the current energy crisis, according to the head of the LNG department at Swiss-based energy company Axpo. Axpo head Antonio Canseco, in his speech during Europe’s largest and most influential meeting place for the global gas industry, the …

Russia’s Nord Stream 2 may need a few more months to clear remaining red tape before the controversial pipeline begins pumping natural gas to Germany to help ease Europe’s energy crunch. The Baltic Sea project, which has raised concerns over the Kremlin’s control of energy supplies to the continent, is …

Germany’s government has determined that the Nord Stream 2 poses no threat to European energy security, clearing a key obstacle to the pipeline’s commercial launch. Whether or not the pipeline is considered an energy security risk will be a key consideration as German energy regulator Bundesnetzagentur decides whether or not …

European natural gas futures fell following more signals from Russia that supply may increase next month. Russian President Vladimir Putin ordered Gazprom PJSC on Wednesday to focus on filling its European storage sites from Nov. 8, a day after it completes the process in Russia. This should help alleviate supply …

A severe winter in Europe would likely mean natural gas prices will continue to rise higher, adding to the continent’s energy woes, according to Dea Mario Mehren, chief executive of natural gas and crude oil company Wintershall. “Prices might go up if the winter is very tough,” Mehren said during …