Russian attempts to 'weaponise' energy may fast-track Europe's shift to renewables, after initial pain
2 years, 10 months ago

Russian attempts to 'weaponise' energy may fast-track Europe's shift to renewables, after initial pain

ABC  

Energy experts say any attempts by Moscow to cut off European gas supplies are likely to backfire by fast-tracking the continent's shift away from fossil fuels towards renewable power. Key points: There are mounting concerns Russia could cut off energy supplies to Europe as its conflict with Ukraine intensifies Russia provides almost half of Europe's gas needs via a network of pipelines, along with a third of its oil Europe has become more dependent on Russian gas amid efforts to close coal power and go green But industry analysts have also warned that Europe faces potentially crippling economic pain in the short-term if Russia chooses to use energy as leverage in its war on Ukraine. In a more "benign" scenario, Mr Kavonic said gas would continue to flow into Europe even if supplies through Ukraine were disrupted. And unlike Europe, he said Russia would be left economically bereft because it had been "doubling down" on oil and gas investment. She suggested Moscow may even have been motivated to make a "land grab" in Ukraine by Europe's inevitable shift towards green energy sources independent of Russia.

Energy Europe Ukraine Oil Germany Prices Russian Moscow Reuters European Bowen Mr Bowen Russian Gas Russia Supplies Mr Kavonic Dr Aisbett Initial Pain Weaponise Gas  fasttrack  prices  russian  europe  attempts  shift  oil  renewables  energy  initial  pain  weaponise  gas  russia  supplies  ukraine  europes  mr

History of this topic

The 'Most Vulnerable Country' To Russian ‘Blackmail’ Braces For Trump’s Return
3 weeks, 3 days ago

The 'Most Vulnerable Country' To Russian ‘Blackmail’ Braces For Trump’s Return

Huff Post  

LOADING ERROR LOADING Europe is bracing for another energy crisis this winter, teeing up a high-stakes early test of how a newly inaugurated Trump administration will attempt to balance efforts to reset relations with Russia against the needs of U.S. allies seeking fuel to stay warm during what’s forecast to be an unusually cold season. Few places will feel the …

French imports of Russia's liquified natural gas surge, and Ukraine supporters seek a stop
4 months, 2 weeks ago

French imports of Russia's liquified natural gas surge, and Ukraine supporters seek a stop

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Why chaos in Russia could spell trouble for the global economy
1 year, 6 months ago

Why chaos in Russia could spell trouble for the global economy

CNN  

London CNN — After the pandemic and war in Ukraine, and the inflation shock that followed, the global economy is in a precarious state. That’s what it nearly got at the weekend as disaffected Russian mercenaries marched toward Moscow, drawing a stark warning from President Vladimir Putin that the country was on the brink of a 1917-style “civil war.” The …

Europe has shaken off Putin’s gas embargo
1 year, 6 months ago

Europe has shaken off Putin’s gas embargo

Hindustan Times  

Weapons come in all shapes and sizes, from the Javelins that blow up Russian tanks to the F-16s Ukrainian aces may soon be flying. As his invasion of Ukraine got bogged down last year, Vladimir Putin, Russia’s president, reached for a weapon few imagined he would dare to wield: the throttling of deliveries from Russia’s vast gas fields to its …

Europe’s economic outlook brightens a little after avoiding recession. But inflation still squeezes
1 year, 7 months ago

Europe’s economic outlook brightens a little after avoiding recession. But inflation still squeezes

Associated Press  

FRANKFURT, Germany — The European Union’s executive body raised its economic growth forecast, saying Europe had dodged a winter recession that was feared amid an energy crisis but warning that stubbornly high inflation is likely to keep hurting the economy by sapping people’s ability to spend. The outlook for the 20 countries using the euro currency improved to growth of …

Russia’s economy holds up, but growing challenges test Putin
1 year, 9 months ago

Russia’s economy holds up, but growing challenges test Putin

Associated Press  

Western sanctions have hit Russian banks, wealthy individuals and technology imports. Economists say sanctions on Russian fossil fuels only now taking full effect — such as a price cap on oil — should eat into earnings that fund the military’s attacks on Ukraine. “We have had even worse periods of time in history, and we coped,” he said, but added …

German energy boss warns: Don’t let guard down on gas supply
1 year, 10 months ago

German energy boss warns: Don’t let guard down on gas supply

Associated Press  

BONN, Germany — The temperature outside Klaus Mueller’s office almost resembles spring, exactly the kind of mild weather that helped Germany get through the winter without Russian natural gas. Mueller would only concede that he’s “optimistic” this winter will end without a further gas crunch, especially after Germany cut gas use by 14% in 2022 through lowering thermostats, switching to …

Russia's war on Ukraine 'could push millions into extreme poverty'
1 year, 10 months ago

Russia's war on Ukraine 'could push millions into extreme poverty'

Daily Mail  

Experts already said energy prices are 'unlikely to return to normal' until 2030s Soaring energy prices triggered by Russia's war on Ukraine could push up to 141 million people worldwide into extreme poverty, a new study reveals. Average household energy cost for households globally has increased between 62.6 per cent and 112.9 per cent since conflict began on February 24 …

Moscow’s decades-old gas ties with Europe lie in ruins
1 year, 10 months ago

Moscow’s decades-old gas ties with Europe lie in ruins

Live Mint  

Meticulously crafted over decades as a major revenue stream for the Kremlin, Moscow's gas trade with Europe is unlikely to recover from the ravages of military conflict. After President Vladimir Putin's "special military operation" in Ukraine began almost a year ago, a combination of Western sanctions and Russia's decision to cut supplies to Europe drastically reduced the country's energy exports. …

Europe has staved off energy collapse despite Russia’s gas cutoff. But is the crisis over?
1 year, 11 months ago

Europe has staved off energy collapse despite Russia’s gas cutoff. But is the crisis over?

LA Times  

Europe has dodged an energy apocalypse this winter, economists and officials say, thanks to unusually warm weather and efforts to find other sources of natural gas after Russia cut off most of its supply to the continent. In Germany, Europe’s largest economy, the government passed gas and electricity price caps allowing small businesses and consumers to buy 80% of their …

Europe has avoided energy collapse. But is the crisis over?
1 year, 11 months ago

Europe has avoided energy collapse. But is the crisis over?

Associated Press  

FRANKFURT, Germany — Europe has dodged an energy apocalypse this winter, economists and officials say, thanks to unusually warm weather and efforts to find other sources of natural gas after Russia cut off most of its supply to the continent. In Germany, Europe’s largest economy, the government passed gas and electric price caps allowing small businesses and consumers to buy …

Europe has avoided energy collapse. But is the crisis over?
1 year, 11 months ago

Europe has avoided energy collapse. But is the crisis over?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. In Germany, Europe's largest economy, the government passed gas …

Europe needs clear-eyed view of US moves
1 year, 11 months ago

Europe needs clear-eyed view of US moves

China Daily  

A vehicle passes the building of the European Commission in Brussels, Belgium, Oct 18, 2022. The natural gas price in Europe once hit nearly €350 per megawatt-hour since the Russia-Ukraine conflict broke out. European energy ministers agreed on Dec 19 to impose a price cap if prices in the European Union's main trading centers remained above €180 per megawatt-hour for …

Russia threatens to slash oil supplies in 2023, spooks markets
2 years ago

Russia threatens to slash oil supplies in 2023, spooks markets

Al Jazeera  

Moscow warns it may cut production by 5-7 percent in early 2023 as the energy war with the West deepens. Russia may cut oil output by 5-7 percent in early 2023 and halt sales to countries supporting a price cap on its crude and oil products, a senior official has said. “Crude prices are higher as energy traders focus on …

Ukraine war: Vladimir Putin has been weaponising energy for years. Here’s what to look for next
2 years ago

Ukraine war: Vladimir Putin has been weaponising energy for years. Here’s what to look for next

Firstpost  

Russia shifted its strategy to attrition, specifically targeting energy infrastructure, after failing to force a quick, decisive victory against Ukraine Not since the 1970s oil crisis has the West seen such a focus on energy security. Vladimir Putin’s regime had been using selective gas supply cuts as a pressure tool against Ukraine since at least the winter of 2005-06, when …

Which European nations are handling the energy crisis best?
2 years ago

Which European nations are handling the energy crisis best?

Al Jazeera  

France, Spain, Germany, Italy and Greece are doing some things right, but face challenging times ahead, say experts. An uneven risk Russia accounted for nearly half of Europe’s total natural gas imports in 2021, but some countries were always going to be more vulnerable than others. Challenges ahead Germany recently announced a new 200 billion euro package to deal with …

Putin says Russia will fight sanctions with shift in trade and energy flows
2 years ago

Putin says Russia will fight sanctions with shift in trade and energy flows

The Hindu  

President Vladimir Putin said on Thursday that Russia would expand trade cooperation with new partners, including by switching gas flows to eastern neighbours, in order to combat Western sanctions. Mr. Putin said in a televised speech that Russia would develop its economic relations with partners in Asia, Africa and Latin America to thwart Western efforts to isolate it economically. Mr. …

EU ministers fail again on gas price cap to contain costs
2 years ago

EU ministers fail again on gas price cap to contain costs

Associated Press  

BRUSSELS — European Union energy ministers failed yet again to overcome their deep differences Tuesday on a natural gas price cap that many hope would make utility bills cheaper so people can stay a little warmer during harsh winter days — if not this year, then later. One side is demanding a cap to push down gas prices for households …

Investors see shift in Europe’s fortunes
2 years ago

Investors see shift in Europe’s fortunes

Live Mint  

Investors are turning somewhat more positive on Europe, spurring a recovery in the region’s beaten-down stocks. Meanwhile, benchmark U.S. yields and the dollar have declined in recent weeks, helping lift riskier assets worldwide, as investors anticipate a slowdown in the Federal Reserve’s campaign to raise interest rates. Natural-gas prices have stabilized as Europe’s gas storage has risen above 95% due …

A costly compromise on coal in the West
2 years ago

A costly compromise on coal in the West

Hindustan Times  

Going back on pledges to shut all coal plants in the country, France moved last week to fire two of the oldest coal-powered electricity plants in order to tide over surging demand that is only expected to rise during a long and bitter winter. Hammered by global energy uncertainties due to the conflict between Russia and Ukraine and Moscow’s erratic …

What to know about the West's new efforts to slash Russia's oil revenue
2 years ago

What to know about the West's new efforts to slash Russia's oil revenue

NPR  

What to know about the West's new efforts to slash Russia's oil revenue Enlarge this image toggle caption AP AP The United States and its allies have delivered a double blow to Russia aimed at starving its oil revenues. Also, the U.S., other members of the Group of Seven leading economies, the EU and Australia are imposing a $60 price …

Europe's import of Russian gas jumps 42% amid Russia-Ukraine war: Report
2 years ago

Europe's import of Russian gas jumps 42% amid Russia-Ukraine war: Report

Hindustan Times  

The European Union witnessed a 42 percent increase in the imports of Russian Liquefied Natural Gas between January-October, compared to the same period last year, Financial Times reported. The report said that EU has imported 62.1 billion cubic meters of natural gas this year compared to 17.8 billion cubic meters last year. This comes as Lithuanian Foreign Minister Gabrielius Landsbergis …

Russia is using energy as a weapon
2 years ago

Russia is using energy as a weapon

The Economist  

Graphic detail | Fuel prices and excess deaths Russia is using energy as a weapon How deadly will it be? Consumer electricity price, € per KWh Forecast 0.8 Italy 0.6 0.4 Britain Europe* France 0.2 Hungary 0 2013 14 15 16 17 18 19 20 21 22 23 *EU-27 countries, except Malta, plus Britain, Norway and Switzerland Consumer electricity price, …

IEA chief sees energy crunch for Europe next winter
2 years, 1 month ago

IEA chief sees energy crunch for Europe next winter

Associated Press  

BERLIN — Europe should be able to cope with the natural gas supply crunch in the coming months thanks to considerable reserves although the continent could face a bigger energy crisis next winter, the head of the International Energy Agency said Thursday. Fatih Birol said that, barring unforeseen events, “Europe will go through this winter with some economic and social …

EU nations fail to close rift on gas prices as cold sets in
2 years, 1 month ago

EU nations fail to close rift on gas prices as cold sets in

Associated Press  

BRUSSELS — On winter’s doorstep, European Union nations again failed to bridge bitter disagreements over a natural gas price cap Thursday as they struggle to effectively shield 450 million citizens from massive increases in their utility bills. “The discussion was quite heated, and you all know that there are very divergent views,” said Czech Industry Minister Jozef Síkela, who chaired …

Is Ukraine war speeding Europe’s transition to renewable energy?
2 years, 1 month ago

Is Ukraine war speeding Europe’s transition to renewable energy?

Al Jazeera  

Shortages are leading to a policy pivot towards a cleaner energy future, but some see a lack of cash to sustain investment. Renewable energy production in Europe reached record levels following Russia’s invasion of Ukraine, leading some energy analysts to predict that Europe is poised to surge forward in creating clean energy. “This can be a historic turning point towards …

Report says Russia’s war in Ukraine can speed up move to clean energy
2 years, 1 month ago

Report says Russia’s war in Ukraine can speed up move to clean energy

LA Times  

Wind turbines turn on top of a dump next to the a BP refinery in Gelsenkirchen, Germany, on Oct. 22. Spiraling energy costs caused by various economic factors and the Ukraine war could be a turning point toward cleaner energy, the International Energy Agency said in a report Thursday. “Energy markets and policies have changed as a result of Russia’s …

Ukraine war to speed shift to green energy, IEA says
2 years, 1 month ago

Ukraine war to speed shift to green energy, IEA says

Al Jazeera  

Energy crisis is leading to policy changes and more investment in green energy amid sanctions on Russia’s supplies. Russia’s invasion of Ukraine is likely to accelerate the world’s transition to greener energy from fossil fuels, the International Energy Agency said on Thursday. “Energy markets and policies have changed as a result of Russia’s invasion of Ukraine, not just for the …

Gas crunch eases in Europe — but the respite might not last
2 years, 1 month ago

Gas crunch eases in Europe — but the respite might not last

Associated Press  

FRANKFURT, Germany — Natural gas and electricity prices in Europe have plunged from summer peaks thanks to mild weather and a monthslong scramble to fill gas storage ahead of winter and replace Russian supplies during the war in Ukraine. The good news is natural gas prices on Europe’s TTF benchmark fell on Monday below 100 euros per megawatt-hour for the …

Ukraine War Fallout: Is Energy Crisis Imminent in Europe? - News18
2 years, 2 months ago

Ukraine War Fallout: Is Energy Crisis Imminent in Europe? - News18

News 18  

The Russia-Ukraine conflict, euphemistically called a “special military operation” by Russia when it launched the offensive, more than seven months ago was not expected to last more than a few days or weeks. Despite alarm bells from a January 2009 crisis that led to the disruption of Russian gas transiting through Ukraine for two weeks, and Russia’s annexation of Crimea …

Ukraine war to slash European gas consumption ‘almost 50 per cent by 2050’
2 years, 2 months ago

Ukraine war to slash European gas consumption ‘almost 50 per cent by 2050’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Gas will meet just 10 per cent of Europe’s …

Putin says Russia could increase gas supplies to Europe
2 years, 2 months ago

Putin says Russia could increase gas supplies to Europe

Associated Press  

MOSCOW — Russian President Vladimir Putin said Wednesday that Moscow is ready to resume gas supplies to Europe via a link of the Germany-bound Nord Stream 2 pipeline under the Baltic Sea — an offer quickly rejected by Berlin. As for Putin’s comments, she said: “Nice try.” Asked if she would rule out the use of Nord Stream 2, Hoffmann …

Europe scrambling to cope with energy crisis as winter approaches
2 years, 2 months ago

Europe scrambling to cope with energy crisis as winter approaches

The Hindu  

Published : Oct 06, 2022 09:55 IST Travelling through Germany and Slovenia at the end of August, I found it hard to see the effects of the worst energy crisis that Europe has been undergoing in recent years—a combination of the effect of Russia ceasing gas supplies and the worst drought the continent has faced in 500 years. As one …

How bad could Europe’s energy crisis get this winter?
2 years, 2 months ago

How bad could Europe’s energy crisis get this winter?

Al Jazeera  

Gas prices have reached record highs in Europe, and supplies are running low, stoking fears for the coming winter. “Europe doesn’t have any supply of natural resources,” Adam Pankratz, a professor at the University of British Columbia’s Sauder School of Business, told Al Jazeera. However, the stability of the continent depends on having a relatively “normal” winter because if temperatures …

Inflation hits record 10% in 19 European Union countries
2 years, 2 months ago

Inflation hits record 10% in 19 European Union countries

The Hindu  

Inflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar, signaling a looming winter recession for one of the globe's major economies as higher prices undermine consumers' spending power. The European Central Bank is raising interest rates to combat inflation by keeping higher prices from being baked into …

Inflation hits record 10% in 19 EU countries using euro
2 years, 2 months ago

Inflation hits record 10% in 19 EU countries using euro

Associated Press  

FRANKFURT, Germany — Inflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar, signaling a looming winter recession for one of the globe’s major economies as higher prices undermine consumers’ spending power. The European Central Bank is raising interest rates to combat inflation by keeping higher prices from …

Europe ramps up energy security after suspected sabotage
2 years, 2 months ago

Europe ramps up energy security after suspected sabotage

Associated Press  

BRUSSELS — European companies are ramping up security around pipelines and energy prices are climbing again as the suspected sabotage of two pipelines that deliver natural gas from Russia underscored the vulnerability of Europe’s energy infrastructure and prompted the EU to warn of possible retaliation. “Any deliberate disruption of European energy infrastructure is utterly unacceptable and will be met with …

Geopolitics of energy of the war in Ukraine & national responses to energy crisis
2 years, 2 months ago

Geopolitics of energy of the war in Ukraine & national responses to energy crisis

Hindustan Times  

The geopolitics of energy of the Russia-Ukraine war has exacerbated the energy problems globally risking the stability of the global markets, which have already been reeling through rising inflation and slowing growth. The war in Ukraine creates a vicious cycle of disruption of global supply chains, which in turn affects the prices of energy and essential commodities as well as …

Lights out, ovens off: Europe preps for winter energy crisis
2 years, 2 months ago

Lights out, ovens off: Europe preps for winter energy crisis

LA Times  

An employee pushes bread rolls into one of the gas-heated ovens in the producing facility in Cafe Ernst in Neu Isenburg, Germany, on Sept. 19. With costs high and energy supplies tight, Europe is rolling out relief programs and plans to shake up electricity and natural gas markets as it prepares for rising energy use this winter. German Chancellor Olaf …

Italy and Bulgaria: Europe’s big tests for Russian energy unity
2 years, 3 months ago

Italy and Bulgaria: Europe’s big tests for Russian energy unity

Al Jazeera  

As Europe stares down winter energy shortages, votes in Italy and Bulgaria could test its resolve on Russian sanctions. Yet Europe’s ability to stay united in rejecting it faces two imminent tests: elections in Italy on September 25 and then in Bulgaria a week later. Europe’s energy pain is the result of the economic war that the Putin regime is …

In Ukraine, the strategic balance is shifting—against Russia
2 years, 3 months ago

In Ukraine, the strategic balance is shifting—against Russia

Live Mint  

Russia’s war against Ukraine has entered a new phase. GST on crypto transactions in the works Why your fuel bill hasn’t gone down yet 6 charts explain India's motown revival Renaissance’s Murarka recounts working with Jhunjhunwala Moreover, in coordination with the G7 and other like-minded partners, the EU is discussing plans to cap the price of Russian oil exports. As …

Watch | How is Russia choking Europe’s energy needs?
2 years, 3 months ago

Watch | How is Russia choking Europe’s energy needs?

The Hindu  

An energy crisis is brewing in Europe. A major reason behind this is Russia shutting the Nord Stream 1 pipeline – a cheap natural gas supply that Europe depended on for years. Nord Stream is an export gas pipeline which runs under the Baltic Sea, carrying gas from Russia to Europe It bypasses transit countries, making it highly reliable for …

EU nations struggle to find joint approach on energy prices
2 years, 3 months ago

EU nations struggle to find joint approach on energy prices

Associated Press  

BRUSSELS — European Union nations struggled to find full consensus Friday on ways to shield the population from dramatically increasing energy prices that threaten to plunge millions into cold and poverty over the winter as Russia chokes off natural gas supplies. While EU members are most interested in lowering prices and getting enough gas, “the commission aimed at limiting Russia’s …

EXPLAINER: Europe struggles to cope with Russia gas shutoffs
2 years, 3 months ago

EXPLAINER: Europe struggles to cope with Russia gas shutoffs

Associated Press  

FRANKFURT, Germany — Europe is facing an energy crisis that is squeezing ordinary people’s finances and in just a few weeks could mushroom into rolling blackouts and factory shutdowns. Here is the latest on Europe’s efforts to avoid a total energy disaster: DID RUSSIA CUT OFF GAS TO EUROPE? There’s still some Russian gas flowing to Europe through a pipeline …

Putin threatens to stop European energy exports if price cap on gas is enforced
2 years, 3 months ago

Putin threatens to stop European energy exports if price cap on gas is enforced

Live Mint  

Russian President Vladimir Putin threatened to halt all energy shipments to Europe if Brussels goes ahead with a proposal to cap the price of Russian gas and suggested restricting a U.N.-brokered deal for Ukrainian grain exports via the Black Sea. Ukraine remained guarded about its counter-offensive in the east but its top general warned Russia could turn to nuclear weapons …

Putin: Russia may halt energy exports if West caps prices
2 years, 3 months ago

Putin: Russia may halt energy exports if West caps prices

Associated Press  

MOSCOW — Russian President Vladimir Putin on Wednesday threatened to completely cut energy supplies to the West if it tries to cap prices of Russian exports. Speaking at an annual economic forum in the far-eastern port city of Vladivostok, Putin scoffed at the EU plans for a cap on Russian oil and gas prices as a “stupid” idea that “will …

EU wants price cap on Russian gas, energy companies to pay
2 years, 3 months ago

EU wants price cap on Russian gas, energy companies to pay

Associated Press  

BRUSSELS — European Union countries should set a price cap on Russian natural gas and seek a “solidarity contribution” from European oil and gas companies making extraordinary profits as the war in Ukraine drives up energy costs, European Commission President Ursula von der Leyen said Wednesday. “We are facing an extraordinary situation, because Russia is an unreliable supplier but also …

Putin says Russia to stop supplying energy if Western price caps imposed
2 years, 3 months ago

Putin says Russia to stop supplying energy if Western price caps imposed

The Hindu  

President Vladimir Putin on Wednesday threatened to cut off energy supplies if price caps are imposed on Russia's oil and gas exports, warning the West it would be "frozen" like a wolf's tail in a famous Russian fairy tale. Speaking at an economic forum in Russia's Pacific city of Vladivostok, Mr. Putin said European calls for a price cap on …

Russia not using energy as ’weapon’ against Europe, says Vladimir Putin
2 years, 3 months ago

Russia not using energy as ’weapon’ against Europe, says Vladimir Putin

Live Mint  

Amid allegations of Russia cutting gas supply to Europe, Russian President Vladimir Putin on Wednesday denied that the country was using energy as a "weapon". The clarification from the president has come days after Russia had halted natural gas deliveries via Nord Stream 1, which is a 1222 km long key pipeline to Europe. Notably, Russia had drastically reduced the …

Explained: Europe's looming energy crisis as Russia chokes gas supply
2 years, 3 months ago

Explained: Europe's looming energy crisis as Russia chokes gas supply

Firstpost  

With the halt in the Nord Stream 1 pipeline, Russian gas shipments have fallen 89 per cent from a year ago. Russia used to supply 40 per cent of Europe’s natural gas, and even more to Germany, where inexpensive energy was a pillar of the economy. There’s still some Russian gas flowing to Europe through a pipeline passing through Ukraine …

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