Tag Archives: European Union (EU)

Last month, France’s president Emmanuel Macron accused the United States of a “double standard” because of the difference between the price at which liquefied natural gas produced in the U.S. sells in Europe and the price at which natural gas sells within the U.S. “The North American economy is making …

The executive arm of the European Union, the Commission, has indicated that a price cap on gas imports is not the best approach to containing energy costs amid a worsening cost-of-living crisis across the bloc. The idea of a price cap on all imports of gas was floated by a …

After a contract with American Westinghouse company to build the country’s first nuclear plant was announced by Prime Minister Mateusz Morawiecki, the Left opposition warned that the investment could face problems due to non-compliance with EU rules. The Warsaw government chose Westinghouse for the nuclear project, Morawiecki tweeted on Friday, …

If Finland were to cancel its planned rotating blackouts in winter, it could lead to a large-scale national disruption, the country’s electricity grid operator has warned, according to Bloomberg. If the outages do not continue, the resulting uncontrolled blackouts would mean “people could die,” Arto Pahkin, a network manager at …

The European Commission has warned countries that an EU-wide cap on the price of gas used to produce electricity could cause an increase in gas use and exports of EU-subsidised electricity, according to a document seen by Reuters. European Union countries’ energy ministers meet on Tuesday (25 October) to discuss …

EU leaders on Oct. 21 reached agreement on a “roadmap” aimed at putting in place measures within weeks to shield European consumers from soaring energy prices. The accord came after 11 hours of wrangling over broad proposals to lower energy bills as gas prices pushed skywards by the war in …

The European Union’s latest sanctions on Russian petroleum could end up depriving a swath of the world’s tanker fleet of industry standard insurance, a move that threatens to undermine US efforts to avert an oil supply shock. The bloc’s eighth round of sanctions state that if a tanker owner transports …

The European Union is unveiling a new emergency package to tackle the energy crunch, betting on steps to bolster solidarity among member states. But the bloc will refrain from immediate gas-price caps amid political divisions and concerns over security of supply. The European Commission plans Tuesday to propose measures to …

The European Union’s planned package to curb surging natural-gas prices must avert an increase in the use of the fuel amid an unprecedented supply crunch, EU energy chief Kadri Simson said. The European Commission is due to propose a set of measures Tuesday to alleviate the impact of Russia’s cuts …

EU ambassadors on Tuesday night (4 October) reached a political agreement on the bloc’s new round of Russia sanctions, including an oil price cap, which earlier had been opposed by a few seafaring member states. The draft measures agreed on Tuesday that will form the eighth package of sanctions since …