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India Faces Rolling Blackouts As Coal Shortage Forces Power Plants To Adopt Emergency Measures
India Faces Rolling Blackouts As Coal Shortage Forces Power Plants To Adopt Emergency Measures Due to a combination of factors – including environmentalists’ push for “green” energy like wind and solar, plus the COVID-inspired collapse in global supply chains leaving countries around the world desperate for badly needed energy supplies (from LNG to coal to […]
Kemp: Forget Russian Intentions, Fundamentals Drove Up Europe’s Gas Price
Kemp: Forget Russian Intentions, Fundamentals Drove Up Europe’s Gas Price European policymakers and some traders blame Russia for the low volume of gas stored across the region which has sent both gas and electricity prices surging to record highs. Russia’s pipeline gas export monopoly Gazprom has met commitments for long-term contracts, its clients confirm. But […]
Europe’s Gas Prices Surge To Avert Risk Of Winter Shortage
Europe’s Gas Prices Surge To Avert Risk Of Winter Shortage Europe’s gas and electricity prices are setting record highs on a daily basis and rising at an accelerating rate as the market tries to destroy enough demand to protect depleted inventories ahead of the winter. Gas storage sites in the European Union and United Kingdom are currently just under […]
EU Politicians Panic As Natgas Prices Explode 40% Overnight
EU Politicians Panic As Natgas Prices Explode 40% Overnight Europe’s power crunch is roiling energy markets Wednesday as Dutch and U.K. natural gas futures jumped 60% in just two days, hitting record highs along with soaring power prices. Front-month Dutch natgas futures rose an astonishing 40% today to a record 162.125 euros per megawatt-hour after […]
Europe Turns To Russia For More Coal As Energy Prices Skyrocket
Europe Turns To Russia For More Coal As Energy Prices Skyrocket Europe is facing a perfect storm of increasing demand for energy in the wake of the COVID-19 pandemic, and a dwindling supply of natural gas used to produce electricity. As Europe’s struggling energy markets look to import any form of affordable energy they can, […]
Fresh Legal Fight Erupts Over Nord Stream 2 As Europe Energy Costs Soar Ahead Of Frigid Winter
Fresh Legal Fight Erupts Over Nord Stream 2 As Europe Energy Costs Soar Ahead Of Frigid Winter Just ahead of Monday’s announcement that the North Stream 2 Russia to Germany natural gas pipeline has begun filling with gas in the first line while awaiting approval from Germany regulators before it goes fully online and the taps are turned […]
Electricity bills in Italy rise by almost 30 percent from Friday
Electricity bills in Italy rise by almost 30 percent from Friday Energy prices are set to rise in Italy this week despite government interventions. Photo: Sebastien Bozon/AFP Households and businesses in Italy will be paying more for electricity and gas from Friday with another steep price rise at the start of the third quarter, despite […]
Global gas wars: the fun has just begun!
Global gas wars: the fun has just begun! Spot price for natural gas in Europe has just breached the psychologically important level of $1000 per thousand cubic meters, or a buck a cube. This has already had some significant results all across Europe. In the UK, fertilizer plants can’t operate at such prices and have shut […]
The Harsh Truth Behind Europe’s Energy Crisis
The Harsh Truth Behind Europe’s Energy Crisis Europe’s energy crunch is continuing, as gas storage volumes have shrunk to 10-year lows. A possible harsh winter could lead to severe energy shortages and possible shutdowns of large parts of the economy. While the main discussion is currently focused on the potential role of Russia in the […]
The Great Game moves on
The Great Game moves on Following America’s withdrawal from Afghanistan, her focus has switched to the Pacific with the establishment of a joint Australian and UK naval partnership. The founder of modern geopolitical theory, Halford Mackinder, had something to say about this in his last paper, written for the Council on Foreign Relations in 1943. […]
Gazprom: We’re Not Withholding Gas To Europe
Gazprom: We’re Not Withholding Gas To Europe Russian gas giant Gazprom dismisses speculation and accusations that it is not supplying enough natural gas via pipeline to Europe, a senior official at Gazprom Export says. So far in 2021, Gazprom’s gas deliveries to Europe have reached historic highs, Sergey Komlev, Head of the Contract Structuring and […]
UK’s Fertilizer Crisis Spreads To EU After Another Firm Slashes Output
UK’s Fertilizer Crisis Spreads To EU After Another Firm Slashes Output Europe’s energy crisis has claimed another victim, with Austrian fertilizer producer Borealis AG slashing the output of ammonia after the cost of the primary feedstock, natural gas, compresses margins in an industry already facing tight supplies, according to Bloomberg. Borealis’ ammonia-producing plant uses natural gas […]
Soaring energy prices in Europe are forcing U.K. factories to shut down
Soaring energy prices in Europe are forcing U.K. factories to shut down Europe is facing an extreme squeeze for energy supplies, with gas and power prices breaking records day after day Europe’s energy crunch has forced a major fertilizer maker to shut down two U.K. plants, the first sign that a record rally in gas […]
Crisis by design
Crisis by design Believe it or not, British Prime Minister Boris Johnson has every right to stand before the nations of the world and lecture them on climate change. Not that Johnson himself has done much to address the crisis (indeed, given that having children is the single biggest cause of climate change at this point, Johnson’s inability […]
