Europe burns cash to help businesses in energy crisis

Europe burns cash to help businesses in energy crisis

Register now for FREE unlimited access to Reuters.com Register European gas prices have soared amid Ukraine crisis Utilities face liquidity crunch Germany will ‘do everything possible’ to help firms Russian mobilisation triggers oil price jump BERLIN/LONDON, Sept 21 (Reuters) – Germany nationalised gas importer Uniper (UN01.DE) on Wednesday and Britain said it would halve energy … Read more

Europe races to prepare for energy crunch this winter

Europe races to prepare for energy crunch this winter

Spain may shut energy-intensive industries at peak times France prepares to send gas to Germany in October Germany to sign LNG contracts in UAE Berlin still working on Uniper bailout BERLIN/PARIS, Sept 19 (Reuters) – European governments outlined new measures on Monday to cope with potential energy shortages this winter and raced to improve energy … Read more

Germany takes control of Russian-owned refinery amid energy crisis

Germany takes control of Russian-owned refinery amid energy crisis

Register now for FREE unlimited access to Reuters.com Register German energy industry reeling since war in Ukraine German regulator now has control of Schwedt refinery Schwedt refinery is a main fuel source for Berlin PKN interested in controlling stake in refinery – sources BERLIN, Sept 16 (Reuters) – Germany took control of a major Russian-owned … Read more

EU to claw back energy firms’ profits rather than cap Russian gas price

EU to claw back energy firms’ profits rather than cap Russian gas price

Register now for FREE unlimited access to Reuters.com Register EU countries ask bloc to propose windfall revenue cap Ministers also request EU proposal on gas price cap Countries resist EU proposal to cap Russian gas price BRUSSELS, Sept 9 (Reuters) – EU energy ministers on Friday tasked the European Commission to press ahead with a … Read more

EU plans to cap Russian gas price as Putin warns West of winter freeze

EU plans to cap Russian gas price as Putin warns West of winter freeze

Register now for FREE unlimited access to Reuters.com Register EU to propose cap on price of Russian gas Putin threatens to cut off all energy supplies Bill rising to support businesses, households BRUSSELS/VLADIVOSTOK Russia, Sept 7 (Reuters) – The European Union proposed a price cap on Russian gas on Wednesday after President Vladimir Putin threatened … Read more

Biden administration denies Cheniere’s request to sidestep LNG pollution rule

Biden administration denies Cheniere’s request to sidestep LNG pollution rule

Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 6 (Reuters) – The U.S. Environmental Protection Agency (EPA) said on Tuesday it has denied a request from leading liquefied natural gas (LNG) exporter Cheniere Energy Inc (LNG.A) to exempt turbines at its two U.S. Gulf Coast terminals from a hazardous pollution rule. The … Read more

California urges power cuts as demand heads toward record

California urges power cuts as demand heads toward record

Power lines are shown as California consumers prepare for more possible outages following weekend outages to reduce system strain during a brutal heat wave amid the outbreak of coronavirus disease (COVID-19) in Carlsbad, California, U.S., August 17, 2020. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register Sept 6 (Reuters) – California’s grid … Read more

Exclusive: Gazprom says Nord Stream 1 resumption depends on Siemens Energy

Exclusive: Gazprom says Nord Stream 1 resumption depends on Siemens Energy

Register now for FREE unlimited access to Reuters.com Register Gazprom says ball is in Siemens Energy’s court Siemens Energy: we don’t understand Gazprom Germany discussing energy rationing Russia: We’ll send our oil to Asia VLADIVOSTOK, Russia, Sept 6 (Reuters) – Russia’s biggest natural gas pipeline to Europe will not resume pumping until Siemens Energy (ENR1n.DE) … Read more

Germany keeps two nuclear reactors on standby to weather gas crisis

Germany keeps two nuclear reactors on standby to weather gas crisis

A general view shows the nuclear power plant Isar 2 by the river Isar in Eschenbach near Landshut, Germany, August 17, 2022. REUTERS/Christian Mang/File Photo Register now for FREE unlimited access to Reuters.com Register All nuclear reactors still to go offline at year-end Two reactors to remain in reserve in case of shortages Crises in … Read more

EU races to shield industry as Russia gas stoppage shakes markets

Europe races to prepare for energy crunch this winter

European gas price up about 400% on a year ago EU states race to support struggling power firms Disruptions hinder EU efforts to fill storage EU says Moscow weaponised gas, Russia blames sanctions LONDON/OSLO, Sept 5 (Reuters) – European gas prices surged, stocks slid and the euro sank on Monday after Russia halted gas flows … Read more