EU leaders reaffirm support for Ukraine, squabble over gas cap

EU leaders reaffirm support for Ukraine, squabble over gas cap

Division over details of gas price cap European Commission to make proposals for EU summit on Oct.20-21 Poland criticises Germany for big spending on compensation EU27 vow continued financial and military support for Ukraine Scholz says rebuilding Ukraine will take a generation PRAGUE, Oct 7 (Reuters) – European Union leaders on Friday agreed to give … Read more

Bangladesh plunged into darkness by national grid failure

Bangladesh plunged into darkness by national grid failure

Power grid collapse leads to blackouts in 75-80% Bangladesh Authorities working to restore power, investigating cause Government had rationed some gas due to high global prices DHAKA, Oct 4 (Reuters) – Large swathes of Bangladesh were left without electricity on Tuesday after a grid failure, a government official said, adding that authorities were working to … Read more

‘Tax people in this room’ to help the poor, Shell CEO tells energy conference

‘Tax people in this room’ to help the poor, Shell CEO tells energy conference

LONDON, Oct 4 (Reuters) – European governments should tax corporates to help weaker parts of society weather soaring energy costs but not intervene to cap gas prices, Shell (SHEL.L) Chief Executive Officer Ben van Beurden told an energy conference on Tuesday. Speaking before the Energy Intelligence Forum in London, Van Beurden said that European energy … Read more

Greece-Bulgaria pipeline starts operations to boost non-Russian gas flows

Greece-Bulgaria pipeline starts operations to boost non-Russian gas flows

SOFIA, Oct 1 (Reuters) – Greece and Bulgaria started commercial operation of a long-delayed gas pipeline on Saturday which will help decrease southeast Europe’s dependence on Russian gas and boost energy security. The 182-km pipeline will provide a relief to Bulgaria, which has been struggling to secure gas supplies at affordable prices since the end … Read more

Italy’s Eni working with Gazprom to resolve Russian gas flow halt

Italy’s Eni working with Gazprom to resolve Russian gas flow halt

MILAN, Oct 1 (Reuters) – Italy’s Eni (ENI.MI) said it not would receive any of the gas it had requested from Russia’s Gazprom (GAZP.MM) for delivery on Saturday, but the firms said they were working to fix this. Russian gas supplies through the Tarvisio entry point will be at zero for Oct. 1, Eni, the … Read more

Gas starts flowing to Poland through new Baltic Pipe pipeline

Gas starts flowing to Poland through new Baltic Pipe pipeline

WARSAW, Oct 1 (Reuters) – Gas started flowing to Poland through the new Baltic Pipe pipeline from Norway via Denmark and the Baltic Sea on Saturday morning, Polish gas pipeline operator Gaz-System said. The pipeline is at the centre of Poland’s strategy to diversify its gas supplies away from Russia that began years before Moscow’s … Read more

Nord Stream rupture may mark biggest single methane release ever recorded -UN

Nord Stream rupture may mark biggest single methane release ever recorded -UN

Sept 30 (Reuters) – The ruptures on the Nord Stream natural gas pipeline system under the Baltic Sea have led to what is likely the biggest single release of climate-damaging methane ever recorded, the United Nations Environment Programme said on Friday. A huge plume of highly concentrated methane, a greenhouse gas far more potent but … Read more

U.S. has much to gain from Nord Stream damage, Russia says at U.N.

U.S. has much to gain from Nord Stream damage, Russia says at U.N.

Sept 30 (Reuters) – The Russian ambassador to the United Nations on Friday told the Security Council that the U.S. has much to gain in gas trade from damage to the Nord Stream pipeline system under the Baltic Sea but stopped short of blaming Washington for this week’s explosions. A council meeting convened at Russia’s … Read more

EU countries approve energy windfall levies, turn to gas price cap

EU countries approve energy windfall levies, turn to gas price cap

EU approves energy windfall profit levies Countries eye gas price caps as their next move States split over how to contain sky-high prices BRUSSELS, Sept 30 (Reuters) – European Union countries agreed on Friday to impose emergency levies on energy firms’ windfall profits, and began talks on their next move to tackle Europe’s energy crunch … Read more

Q+A Nord Stream gas ‘sabotage’: who’s being blamed and why?

Q+A Nord Stream gas ‘sabotage’: who’s being blamed and why?

WARSAW, Sept 30 (Reuters) – Major leaks that suddenly erupted in the Nord Stream gas pipelines that run from Russia to Europe under the Baltic Sea have generated plenty of theories but few clear answers about who or what caused the damage. Here is what we know and what has been said so far: WHO … Read more