What Russia cutting off energy to Poland and Bulgaria means for the world
2 years, 7 months ago

What Russia cutting off energy to Poland and Bulgaria means for the world

NPR  

What Russia cutting off energy to Poland and Bulgaria means for the world Enlarge this image toggle caption Janek Skarzynski/AFP via Getty Images Janek Skarzynski/AFP via Getty Images The Russian national energy giant Gazprom announced on Wednesday that it was cutting off natural gas exports to Poland and Bulgaria over the countries' refusal to pay in rubles. Sponsor Message Here's what the decision, which one European leader called "blackmail," could mean for the continent and the world: It could accelerate the European Union's transition away from Russian energy About 40% of the EU's gas comes from Russia, but the bloc had been trying to wean itself off of Russian energy even before the invasion of Ukraine. "It does show that Russia is willing to halt supplies if people don't subscribe to the new payment system," said James Waddell, head of European gas at the London-based Energy Aspects. Relations between Russia and the West remain tense European leaders angered by Russia's decision to cut off gas supply to EU members Poland and Bulgaria called it "blackmail" and said they would seek alternative sources of fuel.

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History of this topic

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 …

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 …

Germany sees brighter outlook for Europe’s largest economy
1 year, 10 months ago

Germany sees brighter outlook for Europe’s largest economy

Associated Press  

FRANKFURT, Germany — The German government on Wednesday said it expects to eke out economic growth this year instead of a decline as Europe’s largest economy manages its energy divorce from Russia and shells out support for consumers and businesses hit by higher energy costs. The improved outlook “didn’t fall from heaven — we accomplished it, this country accomplished it.” …

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 …

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 …

Bulgaria signs deal for nuclear fuel from non-Russian source
2 years ago

Bulgaria signs deal for nuclear fuel from non-Russian source

Associated Press  

SOFIA, Bulgaria — Bulgaria’s only nuclear plant on Thursday signed a deal with Westinghouse Electric Sweden to provide nuclear fuel for one of its reactors, in a bid to diversify its energy supplies, The Kozloduy plant currently uses nuclear fuel supplied by Russian firm Rosatom to operate the two Russian-designed VVER-1000 nuclear reactors that generate about one-third of the EU …

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 …

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 …

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 …

European Central Bank: Recession ‘has become more likely’
2 years, 1 month ago

European Central Bank: Recession ‘has become more likely’

Associated Press  

FRANKFURT, Germany — The European Central Bank sees an increased likelihood of a recession in the 19 countries that use the euro currency, warning that soaring energy prices and high inflation fed by Russia’s war in Ukraine have raised risks for bank losses and turmoil on financial markets. As the bank released its twice-yearly assessment of eurozone financial stability on …

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 …

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 …

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 …

Ukraine's Zelensky's “good news” on settlements recaptured from Russia
2 years, 3 months ago

Ukraine's Zelensky's “good news” on settlements recaptured from Russia

Hindustan Times  

Ukrainian leader Volodymyr Zelensky spoke of "good news" on the battlefields of eastern Ukraine, saying his army had retaken some towns and villages from Russia in what open source analysts said looked like a deep and sudden thrust behind Russian lines. In his daily late night address on Wednesday, President Zelensky said he had received news that his forces had …

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 …

EU to propose price cap on Russian gas, von der Leyen says
2 years, 3 months ago

EU to propose price cap on Russian gas, von der Leyen says

The Hindu  

The European Commission will propose a price cap on Russian gas, alongside measures including a mandatory EU cut in electricity use and a cap on the revenue of non-gas power generators, the bloc's chief said on Wednesday. We must cut Russia's revenues which Vladimir Putin uses to finance this atrocious war in Ukraine," European Commission President Ursula von der Leyen …

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 …

EU plans to cap Russian gas price as Putin issues warning
2 years, 3 months ago

EU plans to cap Russian gas price as Putin issues warning

Al Jazeera  

‘We must cut Russia’s revenues which Putin uses to finance this atrocious war in Ukraine,’ European Commission President Ursula von der Leyen told reporters on Wednesday. The European Union has proposed a price cap on Russian gas just as Russia’s President Vladimir Putin warned that such a move would cause Moscow to cut off all energy supplies. “We will propose …

Putin threatens to ‘freeze’ Europe with total energy cut-off
2 years, 3 months ago

Putin threatens to ‘freeze’ Europe with total energy cut-off

The Telegraph  

Vladimir Putin has threatened to “freeze” Europe with a total shutdown of energy supplies if Brussels presses ahead with a price cap on Russian gas. “No gas, no oil, no coal, no fuel oil, nothing.” The European Commission is to ask countries to approve a broad cap on the price of Russian gas alongside mandatory cuts in electricity use, and …

Europe braces for Russia gas disruption this week
2 years, 3 months ago

Europe braces for Russia gas disruption this week

Live Mint  

Russia will shut its key Nord Stream natural-gas pipeline Wednesday for maintenance, leaving Europe guessing again about whether supplies will restart, as temperatures fall and demand for the fuel grows. Even if Nord Stream reopens Saturday as promised by Russian gas giant Gazprom PJSC, few Western politicians and economists think Europe will receive enough Russian natural gas next year because …

Bulgaria energy minister calls Gazprom talks ‘inevitable’
2 years, 4 months ago

Bulgaria energy minister calls Gazprom talks ‘inevitable’

Associated Press  

SOFIA, Bulgaria — Bulgaria’s interim government signaled its readiness to negotiate with Russian energy company Gazprom on the resumption of natural gas deliveries, the caretaker energy minister said Monday. Rosen Hristov didn’t set a date for talks with the firm, but said that the gas demands of the industry and heating companies were forcing the government to begin talks with …

Russia’s Gazprom to shut gas pipeline to Europe for 3 days
2 years, 4 months ago

Russia’s Gazprom to shut gas pipeline to Europe for 3 days

Associated Press  

MOSCOW — A key Russian natural gas pipeline will shut down for three days of maintenance at the end of this month, the state-owned energy company Gazprom announced Friday, raising economic pressure on Germany and other European countries that depend on the fuel to power industry, generate electricity and heat homes. In a statement posted online, Gazprom said the planned …

Russia's Gazprom to shut gas pipeline to Europe for 3 days
2 years, 4 months ago

Russia's Gazprom to shut gas pipeline to Europe for 3 days

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 {{ …

What happens if Vladimir Putin blocks supplies of Russian gas to Europe this winter?
2 years, 4 months ago

What happens if Vladimir Putin blocks supplies of Russian gas to Europe this winter?

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 {{ …

Russia gas cuts stoke Asia’s energy security fears
2 years, 4 months ago

Russia gas cuts stoke Asia’s energy security fears

Al Jazeera  

Analysts say disruptions to Nord Stream 1 pipeline could accelerate move away from liquified natural gas in the region. On Wednesday, Russia’s state-run energy giant Gazprom cut gas supplies to Europe via Nord Stream 1 to just 20 percent of the pipeline’s capacity. “The direct impact of Nord Stream cuts will be intensified competition for very limited LNG cargoes,” Kaushal …

Europe can withstand Russia’s energy threats
2 years, 4 months ago

Europe can withstand Russia’s energy threats

Al Jazeera  

But it needs to urgently take some necessary – and at times politically risky – steps to secure alternative supplies. Russia’s brutal invasion of Ukraine and the consequent geo-economic war between the Kremlin and the West disrupted global gas markets at a scale unprecedented in recent history. The Kremlin’s use of its power over energy markets as leverage – and …

UK faces periods of ‘tight’ electricity supply this winter amid Russia war in Ukraine
2 years, 4 months ago

UK faces periods of ‘tight’ electricity supply this winter amid Russia war in Ukraine

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Electricity supplies could be “tight” during parts of the winter …

EU agrees to cut natural gas use amid Russian supply fears
2 years, 4 months ago

EU agrees to cut natural gas use amid Russian supply fears

Associated Press  

BRUSSELS — European Union governments agreed Tuesday to reduce consumption of natural gas this winter to protect themselves against any further supply cuts by Russia amid its invasion of Ukraine, although the measure contains exemptions for some countries. The energy ministers approved the compromise legislation a day after Russian energy corporation Gazprom said it would cut gas flows through the …

EU ministers agree on gas cuts plan as Gazprom tightens squeeze
2 years, 4 months ago

EU ministers agree on gas cuts plan as Gazprom tightens squeeze

Al Jazeera  

Member states are looking to mitigate the effect of a Russian squeeze on gas flows before the winter season. “Member states today reached a political agreement on a voluntary reduction of natural gas demand by 15% this winter,” the European Council said in a statement. “The Council regulation also foresees the possibility to trigger a ‘Union alert’ on security of …

EU struggles with how to cut off its reliance on Russian gas
2 years, 4 months ago

EU struggles with how to cut off its reliance on Russian gas

Associated Press  

BRUSSELS — European Union nations struggled Monday to find common ground on how to wean the bloc off its reliance on Russian natural gas, seeking to appease wary, stressed consumers at home while upholding unity as Moscow turns down the tap. Ukrainian President Volodymyr Zelenskyy on Monday called Russia’s cuts to gas deliveries “a form of terror” and urged European …

Explained: Can Europe survive if Russia cuts off natural gas supply?
2 years, 5 months ago

Explained: Can Europe survive if Russia cuts off natural gas supply?

Firstpost  

Before the Ukraine war, Russia supplied some 40 per cent of Europe’s natural gas before the war. Russia has already slashed Europe’s flows of natural gas used to power factories, generate electricity and heat homes in the winter, and Putin warns they could keep dwindling. Russia supplied some 40 per cent of Europe’s natural gas before the war. The head …

EU draws up energy plan in case of Russian gas cutoff
2 years, 5 months ago

EU draws up energy plan in case of Russian gas cutoff

Associated Press  

BRUSSELS — The European Union’s head office on Wednesday proposed that member states cut their gas use by 15% over the coming months as the bloc braced for a possible full Russian cutoff of natural gas supplies that could add a big chill to the upcoming winter. While the initial cuts would be voluntary, the Commission also asked for the …

Brussels asks EU member states to slash gas use by 15%
2 years, 5 months ago

Brussels asks EU member states to slash gas use by 15%

Al Jazeera  

The European Commission has asked European Union member states to slash their gas use by 15 percent over the coming months to ensure that a complete cutoff of natural gas supplies by Russia to the 27-nation bloc will not fundamentally disrupt industries next winter. And therefore, in any event, whether it’s a partial major cutoff of Russian gas or total …

Putin warns EU that gas supplies could keep dwindling
2 years, 5 months ago

Putin warns EU that gas supplies could keep dwindling

Associated Press  

MOSCOW — Russian President Vladimir Putin said Tuesday it is the West’s own fault that the flow of Russian natural gas to European customers has dwindled and warned that it could continue ebbing. Speaking to Russian reporters in Tehran, where he attended the talks with the leaders of Iran and Turkey, Putin said the amount of gas pumped through the …

Economics of war: Pain for Europe now, later for Russia
2 years, 5 months ago

Economics of war: Pain for Europe now, later for Russia

Associated Press  

Across Europe, signs of distress are multiplying as Russia’s war in Ukraine drags on. Meanwhile, high energy costs fueled by the war are benefiting Russia, a major oil and natural gas exporter whose agile central bank and years of experience living with sanctions have stabilized the ruble and inflation despite economic isolation. Molkerei Berchtesgadener Land, a large dairy cooperative in …

European leaders ink energy deals in bid to sidestep Russia
2 years, 5 months ago

European leaders ink energy deals in bid to sidestep Russia

Associated Press  

ROME — European leaders ramped up their push to secure alternative energy supplies Monday as fears escalate of a complete natural gas cutoff by Russia, with the leaders of Italy, France and the European Union sealing deals with their counterparts in Algeria, Azerbaijan and the United Arab Emirates. Algerian President Abdelmadjid Tebboune said a $4 billion deal would be signed …

Hungary declares ‘energy emergency’ over threat of fuel shortages
2 years, 5 months ago

Hungary declares ‘energy emergency’ over threat of fuel shortages

Al Jazeera  

Russia’s war in Ukraine and sanctions by European Union have led to “energy crisis” on continent: PM’s chief of staff. Hungary’s government has declared an “energy emergency” in response to supply disruptions and skyrocketing energy prices in Europe, an official said. Russia’s war in Ukraine and consequent sanctions from the European Union have led to an “energy crisis” on the …

Why is Russia driving Europe's gas prices? What happens if they cut the flow?
2 years, 5 months ago

Why is Russia driving Europe's gas prices? What happens if they cut the flow?

ABC  

The Nord Stream 1 pipeline that transports gas from Russia to Germany will undergo planned maintenance this week, cutting gas supplies to Europe and raising concerns about a prolonged halt to supply. Russia has already reduced production to 40 per cent of the pipeline's capacity, which has helped to push up European and British gas prices. Russian gas flows to …

EXPLAINER: Fears of a natural gas emergency stalk Europe
2 years, 5 months ago

EXPLAINER: Fears of a natural gas emergency stalk Europe

Associated Press  

It’s not a summer heat wave that’s making European leaders and businesses sweat. European Commission President Ursula von der Leyen warned Wednesday that countries and industry need to be ready in case Russia completely cuts off already limited natural gas supplies. Russia has already reduced gas supplies to a dozen EU countries, including Germany, the 27-country bloc’s biggest economy, that …

NEWS18 EXPLAINS: What's Next After Russia Reduced Gas to Europe?
2 years, 6 months ago

NEWS18 EXPLAINS: What's Next After Russia Reduced Gas to Europe?

News 18  

It’s not a summer heat wave that’s making European leaders and businesses sweat. Russia last week reduced gas supplies to five European Union countries, including Germany, the 27-country bloc’s biggest economy that heavily depends on Moscow’s gas to generate electricity and power industry. Russian state-owned energy giant Gazprom has cut supplies through the Nord Stream 1 pipeline running under the …

Russia may cut off gas completely, Europe must act now, IEA warns
2 years, 6 months ago

Russia may cut off gas completely, Europe must act now, IEA warns

Al Jazeera  

Head of IEA says Europe needs ‘contingency plans’ as Russia may further reduce gas deliveries amid its war in Ukraine. Russia may cut off gas to Europe entirely as it seeks to bolster its political leverage during the Ukraine crisis, the head of the International Energy Agency said, adding Europe needed to prepare now. “I wouldn’t rule out Russia continuing …

Explained: What's next after Russia reduced gas to Europe?
2 years, 6 months ago

Explained: What's next after Russia reduced gas to Europe?

Firstpost  

Russia last week reduced gas supplies to five European Union countries, including Germany, the 27-country bloc’s biggest economy that heavily depends on Moscow’s gas to generate electricity and power industry It’s not a summer heat wave that’s making European leaders and businesses sweat. Russia last week reduced gas supplies to five European Union countries, including Germany, the 27-country bloc’s biggest …

EXPLAINER: What’s next after Russia reduced gas to Europe?
2 years, 6 months ago

EXPLAINER: What’s next after Russia reduced gas to Europe?

Associated Press  

It’s not a summer heat wave that’s making European leaders and businesses sweat. It’s fear that Russia’s manipulation of natural gas supplies will lead to an economic and political crisis next winter. Russia last week reduced gas supplies to five European Union countries, including Germany, the 27-country bloc’s biggest economy that heavily depends on Moscow’s gas to generate electricity and …

Germany turns to coal as Russia cuts gas supplies
2 years, 6 months ago

Germany turns to coal as Russia cuts gas supplies

Al Jazeera  

Economy minister says Germany will limit the use of natural gas for electricity production and instead burn more coal. Germany’s economy minister says the country will limit the use of natural gas for electricity production amid concerns about possible shortages caused by a cut in supplies from Russia. Russian state gas giant Gazprom said the supply reductions via the Nord …

Russia again cuts natural gas exports to European countries
2 years, 6 months ago

Russia again cuts natural gas exports to European countries

Associated Press  

PRAGUE — Russia reduced natural gas to Europe again Friday, including cutting flows by half to Italy and Slovakia and completely to France, as countries have worked to ease their dependence on Russian supplies amid the war in Ukraine. Leaders in Germany and Italy called the reductions a political move, and it’s escalated the energy tensions in Europe, following Russia’s …

Russia again cuts natural gas exports thru European pipeline
2 years, 6 months ago

Russia again cuts natural gas exports thru European pipeline

Associated Press  

BERLIN — Russia’s Gazprom announced a reduction in natural gas flows through a key European pipeline for the second day in a row Wednesday, creating further energy turmoil for Europe as it tries to reduce its extensive use of Russian oil and natural gas amid the war in Ukraine. The new cut came a day after Gazprom said it would …

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