Europe has spent half a billion euros on energy compensation
Governments in Europe have allocated nearly €500 billion over the past year to protect citizens and companies from rising gas and electricity prices. (more…)
Rising gas prices are also worrying the US industry
Rising natural gas prices are increasing transport and production costs and are already beginning to worry the US industry, according to Reuters. (more…)
European countries are looking for something to replace Russian gas
The big fear is that if Moscow continues to insist that the payment for natural gas supplies be in rubles, other countries will soon follow...
Russian gas is Putin’s main weapon for putting pressure on EU countries
Russia has begun implementing its cunning plan to blackmail Europe with gas. On April 26, Poland (state-owned gas company PGNiG) and Bulgaria (gas distribution company...
Serbia is considering not signing a new long-term contract for Russian gas
Serbia is considering extending its current contract with Russian energy giant Gazprom until the end of the year, instead of signing a new long-term one....
Germany will stop importing oil and gas from Russia
By the end of the year, Germany will completely suspend oil imports from Russia, Foreign Minister Analena Berbok said after talks with counterparts from Estonia,...
Mario Draghi: We no longer want to depend on Russian gas
Europe can reduce its dependence on Russian energy through diversification "in a relatively short time", Italian Prime Minister Mario Draghi said in an interview with...
Putin has said that Austria can pay for Russian gas in euros
Russian President Vladimir Putin told Austrian Chancellor Karl Nehammer during their meeting earlier this week that gas supplies from Russia to Austria are secure and...
Erdogan held key talks on Ukraine and gas
Turkish President Recep Tayyip Erdogan held telephone talks Sunday with Austrian Chancellor Karl Nehamer before his trip to Moscow to meet with Russian leader Vladimir...
Germany’s largest gas storage facility has shut down
The Rheden underground storage facility, one of the largest in Europe and the largest in Germany, has stopped filling and pumping gas since April 1st....
Putin could cut off supplies to Europe. But what will he do with the excess gas?
Those who do not pay will not receive the gas, Putin said. Is it possible that he will cut off supplies to Europe? Technically, this...