Germany triggers gas alarm stage, accuses Russia of ‘economic attack’

Germany triggers gas alarm stage, accuses Russia of ‘economic attack’

West, Russia in energy standoff since Ukraine invasion German minister warns of ‘rocky road’ ahead Minister does not rule out gas rationing Says market threatened by ‘Lehman Brothers’ moment Alarm stage decision does not change status quo: E.ON BERLIN, June 23 (Reuters) – Germany triggered the “alarm stage” of its emergency gas plan on Thursday … Read more

Biden administration leans on Tesla for guidance in renewable fuel policy reform

Biden administration leans on Tesla for guidance in renewable fuel policy reform

June 23 (Reuters) – U.S. President Joe Biden rarely mentions electric car maker Tesla Inc (TSLA.O) in public. But privately his administration has leaned on the company to help craft a new policy to allow electric vehicles (EVs) to benefit from the nation’s lucrative renewable fuel subsidies, according to emails reviewed by Reuters. The Biden … Read more

Freeport LNG plant to shut for 3 weeks, roiling global energy markets

Freeport LNG plant to shut for 3 weeks, roiling global energy markets

HOUSTON, June 8 (Reuters) – Freeport LNG, operator of one of the largest U.S. export plants producing liquefied natural gas (LNG), will shut for at least three weeks following an explosion at its Texas Gulf Coast facility. The fire roiled U.S. natural gas markets on Wednesday and the impact is likely to spread through Europe … Read more

Exclusive: Biden to waive tariffs for 24 months on solar panels hit by probe

Exclusive: Biden to waive tariffs for 24 months on solar panels hit by probe

U.S. President Joe Biden walks across the South Lawn after disembarking from Marine One as he returns from Rehoboth Beach, Delaware, with the first lady at the White House in Washington, U.S., June 5, 2022. REUTERS/Elizabeth Frantz Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 5 (Reuters) – President Joe Biden will … Read more

Russia widens Europe gas cuts and halts Dutch, Danish and German contracts

Russia widens Europe gas cuts and halts Dutch, Danish and German contracts

A 3D printed natural gas pipeline is placed in front of displayed Gazprom logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register Gazprom says it cuts off supply to GasTerra, Orsted and Shell Russians cite refusal to pay in roubles Move a day after … Read more

Portugal blocks mansion sale over ‘strong conviction’ it belongs to Abramovich

Portugal blocks mansion sale over ‘strong conviction’ it belongs to Abramovich

Russian billionaire and owner of Chelsea football club Roman Abramovich arrives at a division of the High Court in central London October 31, 2011. REUTERS/Andrew Winning/File Photo Register now for FREE unlimited access to Reuters.com Register LISBON, May 14 (Reuters) – Portugal blocked the sale of a 10 million euro ($10.4 million) luxury house over … Read more

Tata, India’s electric vehicle king, takes a frugal road less travelled

Tata, India’s electric vehicle king, takes a frugal road less travelled

PUNE, India, May 2 (Reuters) – To make its first electric vehicle for the consumer market, India’s Tata Motors Ltd (TAMO.NS) repurposed an unused shop floor at its flagship plant. Here, there’s no fancy assembly line – Nexon SUV bodies designed for gasoline models are wired and fitted with battery packs by hand. The area, … Read more

Putin says to Europe: pay in rubles, otherwise we will close your gas

Putin says to Europe: pay in rubles, otherwise we will close your gas

Energy is Russia’s most powerful lever against the West Western countries reject currency swaps in gas agreements Russia will not export gas as a ‘charity’, Putin said Europe is already struggling to find alternative supplies BERLIN / LONDON, March 31 (Reuters) – Russian President Vladimir Putin demands that foreign buyers pay for Russian gas in … Read more

Inside China’s electric drive for replaceable car batteries

Inside China’s electric drive for replaceable car batteries

DETROIT / BEIJING, March 25 (Reuters) – A year ago, Tesla rejected the alternative route of replacing electric car batteries as “full of problems and not suitable for wide-scale use”. It seems that Beijing disagrees. In fact, China is pushing hard for replaceable batteries for electric vehicles (EVs) as a complement to ordinary vehicle charging, … Read more