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Why The EU Could End Within A Year
Why The EU Could End Within A Year Germany, which has been high-and-mighty within the European Union and has imposed austerity against weaker European economies such as in Greece, Spain, Italy, and Portugal, is now demanding that other EU member nations bail Germans out of what will soon inevitably be an energy-emergency that results from Germany’s […]
Gas Levy Could Triple Household Heating Bills In Germany
Gas Levy Could Triple Household Heating Bills In Germany Germany plans to introduce a levy for all its gas consumers beginning in October as the government looks to avoid a wave of collapsing gas-importing and gas-trading companies amid record-high natural gas prices, a new bill seen by Reuters showed on Thursday. Russia is further reducing flows via […]
EU Prepares Public For Winter Gas Siege
EU Prepares Public For Winter Gas Siege European Union policymakers have started to prepare the public for siege conditions this winter if gas supplies from Russia are completely cut, an effort to demonstrate diplomatic resolve as well as avoid panic later in the year. In recent weeks, officials from Germany and other EU member states […]
BASF Prepares To Slash Ammonia Production In Germany Amid Worsening NatGas Crunch
BASF Prepares To Slash Ammonia Production In Germany Amid Worsening NatGas Crunch German chemicals company BASF SE paid an extra 800 million euros ($809.5 million) to keep its plants operating in the second quarter compared with a year earlier amid skyrocketing natural gas prices. The impact of high energy prices has forced the company to […]
EU Natural Gas Prices Soar As Gazprom Readies Nord Stream Cuts, US NatGas Hits 14-Year High
EU Natural Gas Prices Soar As Gazprom Readies Nord Stream Cuts, US NatGas Hits 14-Year High European natural gas futures extended gains by 12% after Russian state-owned energy producer Gazprom PJSC unexpectedly announced it would halt a Nord Stream 1 turbine at its Portovaya compressor station from Wednesday. Simultaneously, US NatGas futures have spiked to 14-year highs. […]
IEA Chief: Europe Must Cut Gas Usage 20% To Survive Winter
IEA Chief: Europe Must Cut Gas Usage 20% To Survive Winter After calling on all member states to reduce gas consumption by 15% in the face of the threat of a complete Russian gas cutoff, the IEA says the European Union will need to cut even more in order to get through the winter. “Even […]
As Fuel Prices Poised to TRIPLE, EU Mulls Rationing Gas Across Bloc Monday
As Fuel Prices Poised to TRIPLE, EU Mulls Rationing Gas Across Bloc Monday The European Union (EU) is going down in flames as its fuel taps from Russia run dry. Issues related to the war in Ukraine have resulted in no more gas flowing through the Nord Stream 1 (NS1) pipeline and soon-to-be tripled gas prices across Europe. To avoid what […]
German Energy Giant Warns Of Insolvency “Within Days”, Starts Draining Gas From Storage
German Energy Giant Warns Of Insolvency “Within Days”, Starts Draining Gas From Storage Dear Biden administration: for an example of a real emergency that justifies draining a commodity reserve – and not just midterm elections which Democrats will lose in a historic rout – read on. German energy giant and distressed nat gas utility Uniper, […]
Germany Plans ‘Warm Up Spaces’ in Response to Gas Shortages
Germany Plans ‘Warm Up Spaces’ in Response to Gas Shortages Sports arenas to be used to help people who can’t pay skyrocketing energy bills. picture alliance via Getty Images Cities across Germany are planning to use sports arenas and exhibition halls as ‘warm up spaces’ this winter to help freezing citizens who are unable to […]
We’re heading for a messy, and expensive, breakup with natural gas
We’re heading for a messy, and expensive, breakup with natural gas Russia’s invasion of Ukraine has exacerbated a number of fault lines already present within the global energy supply chain. This is especially true in Europe, where many countries were reliant on the superstate’s natural resources, and are now hastily looking to cut ties before […]
Entire industries in Germany could collapse due to Russian natural-gas supply cuts: union head
Entire industries in Germany could collapse due to Russian natural-gas supply cuts: union head Germany’s Economic Minister Robert Habeck speaks to press in Dusseldorf, Germany. Roberto Pfeil – Pool/Getty Images Germany’s top union official said entire industries could collapse due to Russia’s natural-gas cuts. Europe’s largest economy is heavily reliant on natural gas piped in from […]
Germany Fears Russia Could Shut Nord Stream 1 Within Weeks
Germany Fears Russia Could Shut Nord Stream 1 Within Weeks The European Union has this week accused Russia of planning “rogue moves” regarding lowering natural gas flows to Europe, or in other words continuing to ‘weaponize’ its energy, to which the Kremlin has consistently responded with variations of ‘our gas, our rules’. This after Moscow has reduced Nord Stream […]
Germany Elevates Risk Level In Its “National Gas Emergency Plan” To Second-Highest “Alarm” Phase
Germany Elevates Risk Level In Its “National Gas Emergency Plan” To Second-Highest “Alarm” Phase European natural gas and power prices surged after Germany triggered the “alarm stage” of its NatGas-emergency plan amid reductions in supplies from Russia, according to Reuters. German Economy Minister Robert Habeck said Europe’s largest economy is in a severe energy crisis. He warned Germany […]
Why did gas prices go from $10 a gigajoule to $800 a gigajoule? An expert on the energy crisis engulfing Australia
Why did gas prices go from $10 a gigajoule to $800 a gigajoule? An expert on the energy crisis engulfing Australia Australia’s east coast has been plunged into an energy crisis just as winter takes hold, which will see many people struggle to heat their homes due to soaring gas bills. Meanwhile, Origin Energy this […]
Six Million Britons Could Face Power Rationing If Russia Cuts Supplies
Six Million Britons Could Face Power Rationing If Russia Cuts Supplies Millions of UK households could face a treacherous winter riddled with power blackouts if Russian natural gas supplies to Europe stop, according to The Times, citing a government report. Officials from Whitehall have drawn up a “reasonable” worst-case scenario, outlining widespread natgas shortages are possible […]
