EU plans for life without Russian gas amid inflation spike

EU plans for life without Russian gas amid inflation spike

‘The notion of cheap energy is gone,’ Latvian PM says Inflation in euro zone has shot to all-time highs Germany warns some industries may have to close this winter BRUSSELS, June 24 (Reuters) – EU leaders on Friday warned that “cheap energy is gone” and agreed to boost preparations for further cuts in Russian gas, … Read more

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

Germany risks recession as Russian gas crisis deepens

Germany risks recession as Russian gas crisis deepens

Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File Photo Register now for FREE unlimited access to Reuters.com Register More Europeans activate first stage of gas crisis plans Surging gas price adds to policymakers’ inflation headache Slowing flows hinder efforts to refill … 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

Months after dam destroyed to stop Russian advance, parts of village still flooded

Months after dam destroyed to stop Russian advance, parts of village still flooded

May 29 (Reuters) – Some 50 homes in the village of Demydiv remain partially submerged months after a dam was destroyed and the area flooded to stop Russian troops from advancing on Ukraine capital Kyiv, regional governor Oleksiy Kuleba said late on Saturday. The Ukrainian military blew up a dam on the river Irpin in … Read more

Ukraine rules out ceasefire as fighting intensifies in Donbas

Ukraine rules out ceasefire as fighting intensifies in Donbas

Ukraine rules out ceasefire, concessions Russia launches assault in Luhansk Russia stops Finland gas flows over payment dispute Polish president in Ukraine to address parliament Sunday May 22 (Reuters) – Ukraine ruled out a ceasefire or concessions to Moscow while Russia intensified an offensive in the eastern Donbas region and stopped providing gas to Finland, … 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