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 Tuesday to supply “a significant quantity of gas.” “Algeria is a very important partner for Italy, in the energy sector, in the industry and business fields, in the fight against criminality, and in the search for peace and stability in the Mediterranean,” Draghi said. Tebboune, the Algerian leader, said that signed Tuesday would be “an important agreement between the companies Occidental, Eni and Total for a value of $4 billion which allows the supplying of a significant quantity of gas.” He stressed his nation’s desire to ensure that Algeria will supply solar and conventional energy to Europe. When Draghi visited Algeria three months ago, a major agreement was reached between Algerian energy giant Sonatrach and Italian energy company Eni to increase gas exports.

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History of this topic

US rethinks gas exports, spooking Europe
11 months ago

US rethinks gas exports, spooking Europe

Politico  

The European Union has slashed its intake of Russian gas to less than a third of the 155 billion cubic meters it imported in 2021, according to estimates by the EuroGas trade association. One senior EU official said the bloc’s leadership wouldn’t be drawn into “speculating on potential U.S. cuts in production or supply to the EU,” given that Washington …

Germany and Italy agree on joint ‘action plan’ including energy, technology, climate protection
1 year, 1 month ago

Germany and Italy agree on joint ‘action plan’ including energy, technology, climate protection

Associated Press  

BERLIN — Germany and Italy agreed Wednesday to work closer together in the fields of energy, technology, climate protection, security and cultural cooperation among other issues. German Chancellor Olaf Scholz and Italian Premier Giorgia Meloni signed an “action plan” in Berlin after a meeting of top officials from both countries and the two leaders’ participation earlier in the day in …

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 …

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. …

Italy’s Meloni eyes boost in strong energy ties with Algeria
1 year, 11 months ago

Italy’s Meloni eyes boost in strong energy ties with Algeria

Associated Press  

ALGIERS, Algeria — Italian Premier Giorgia Meloni arrived Sunday in Algeria for a low-key two-day visit as the two nations look to build up a strategic partnership and Italy works to further wean itself off Russian energy with help from the gas-rich North African country. Italy and Algeria want to build on then-Premier Mario Draghi’s successful initiatives last year to …

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 …

US to boost natural gas exports to UK in energy partnership
2 years ago

US to boost natural gas exports to UK in energy partnership

Associated Press  

WASHINGTON — The United States will increase exports of liquefied natural gas to Britain under a new agreement calling for the two countries to work together to boost energy security and drive down prices following Russia’s invasion of Ukraine. President Joe Biden and British Prime Minister Rishi Sunak announced the agreement Wednesday as part of a larger effort to reduce …

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 …

Europe urged to save natural gas to avoid shortage next year
2 years, 1 month ago

Europe urged to save natural gas to avoid shortage next year

Associated Press  

FRANKFURT, Germany — Europe could face a severe natural gas shortage next year and needs to act now to reduce use, the International Energy Agency said in a report Thursday, warning against complacency in an energy crisis triggered by Russia’s war in Ukraine after countries were able to build up storage of the fuel to heat homes and generate electricity …

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 …

EU faces battle to keep energy prices from weakening economy
2 years, 2 months ago

EU faces battle to keep energy prices from weakening economy

LA Times  

European Union leaders enter a crucial stretch this week to make sure runaway energy prices and short supplies don’t further tank their struggling economies and foment unrest. Leading up to Thursday’s start of a key summit, the European Commission, the bloc’s executive branch, proposed a blueprint on Tuesday that needs to reconcile the yawning gap between those who want to …

EU official: East Med gas can wean bloc off Russian energy
2 years, 2 months ago

EU official: East Med gas can wean bloc off Russian energy

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. Read our privacy policy Natural gas from undersea deposits …

Russia's threat to cut off the EU's energy supplies sees Europe scrambling for Africa's gas
2 years, 2 months ago

Russia's threat to cut off the EU's energy supplies sees Europe scrambling for Africa's gas

ABC  

A new liquefied natural gas project off Africa's west coast may only be 80 per cent complete, but already the prospect of a new energy supplier has drawn visits from the leaders of Poland and Germany. Key points: Europe is turning to resource-rich African countries as it looks to lessen its dependence on Russian gas African leaders across the continent …

European Union leaders struggle to bridge gas price cap divide
2 years, 2 months ago

European Union leaders struggle to bridge gas price cap divide

The Hindu  

European Union leaders converged on Prague Castle, on October 7, to try to bridge significant differences over a natural gas price cap as winter approaches and Russia's war on Ukraine fuels a major energy crisis. A group of 15 member countries has urged the EU's executive branch, the European Commission, to propose a cap on gas prices as soon as …

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 …

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 …

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 …

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 …

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 …

Commissioner: EU to unveil new responses to energy crisis
2 years, 3 months ago

Commissioner: EU to unveil new responses to energy crisis

Associated Press  

JAKARTA, Indonesia — The European Union’s next steps for addressing the continent’s worsening energy crisis following Russia’s invasion of Ukraine are expected to be unveiled next week, the European commissioner for energy said Tuesday. Russia’s state-run energy company has continued its shutdown of a pipeline carrying natural gas to Europe, in what German officials see as a political power play, …

E.U. ready if Russia turns off gas supplies, says economy commissioner Paolo Gentiloni
2 years, 3 months ago

E.U. ready if Russia turns off gas supplies, says economy commissioner Paolo Gentiloni

The Hindu  

Economy Commissioner Paolo Gentiloni said September 3 that the European Union was "well prepared" in the event of a total halt in Russian gas deliveries, thanks to storage capacity and energy-saving measures. Russian gas giant Gazprom said on September 2 that the Nord Stream pipeline linking Russia to northern Germany, which was due to resume service on September 3 after …

UK ‘could have to compete with Europe in a bid to avoid rationing’ after Russia escalates energy war
2 years, 3 months ago

UK ‘could have to compete with Europe in a bid to avoid rationing’ after Russia escalates energy war

The Independent  

Russia’s escalating energy war has led to warnings gas prices could double, leaving the UK competing with Europe in a bid to avoid rationing. Russia’s state-controlled natural gas supplier, Gazprom, has announced that the Nord Stream 1 pipeline, which supplies gas to Europe, will remain closed indefinitely, fuelling fears of blackouts and economic turmoil across the continent. And we may …

EU Ready if Russia Turns Off Gas Supplies, Says Paolo Gentiloni
2 years, 3 months ago

EU Ready if Russia Turns Off Gas Supplies, Says Paolo Gentiloni

News 18  

EU Economy Commissioner Paolo Gentiloni said Saturday that the European Union was “well prepared” in the event of a total halt in Russian gas deliveries, thanks to storage capacity and energy-saving measures. “We are well prepared to resist Russia’s extreme use of the gas weapon,” he told reporters on the sidelines of an economic forum organised by The European House …

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 …

Europe Set Itself Up for This Energy Crisis
2 years, 3 months ago

Europe Set Itself Up for This Energy Crisis

Wired  

Vacations in many German cities are a little different this summer. Yet at the same time as Germany rations its energy use ahead of a tricky winter, it continues to let gas flow through the country to others elsewhere in Europe. It’s the result of a Europe-wide initiative, first triggered in 1996 and strengthened in 2003 and 2009, that was …

Italy’s natural gas storage is 80% full as prices hit record
2 years, 4 months ago

Italy’s natural gas storage is 80% full as prices hit record

Associated Press  

MILAN — Italy’s push to rapidly reduce its dependence on Russian natural gas has made the country less vulnerable to an interruption of supplies, Premier Mario Draghi said Wednesday, noting that gas storage is 80% full ahead of winter and on track to hit 90% by October. Taking a swipe at right-wing parties that advocate sovereignty, Draghi said energy reliance …

Portugal: EU eyes Iberia-Italy pipeline to get gas to Europe
2 years, 4 months ago

Portugal: EU eyes Iberia-Italy pipeline to get gas to Europe

Associated Press  

LISBON, Portugal — European authorities are considering a liquefied natural gas pipeline from Spain to Italy as a way of getting around France’s opposition to a gas link-up across the Pyrenees between the Iberian peninsula and central Europe, Portugal’s prime minister said Friday. Portugal and Spain could send a lot of the liquefied natural gas, or LNG, they receive from …

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 …

How EU plans to reduce gas use by 15% amid threat of Russia cutting off supply
2 years, 4 months ago

How EU plans to reduce gas use by 15% amid threat of Russia cutting off supply

Firstpost  

The energy ministers approved the legislation a day after Russian energy corporation Gazprom said it would cut gas flows through the Nord Stream 1 pipeline to Germany to 20 per cent of capacity starting Wednesday 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 …

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 reaches deal to ration gas amid Russian cut-off fears
2 years, 4 months ago

EU reaches deal to ration gas amid Russian cut-off fears

India TV News  

Highlights The new legislation entails voluntary national steps to reduce gas consumption An energy giant said it would limit supplies to EU through the Nord Stream 1 pipeline The energy squeeze is also reviving decades-old political tests for Europe over policy coordination European Union governments agreed Tuesday to ration natural gas this winter to protect themselves against any further supply …

Key Russia-Europe gas pipeline reopens but outlook unclear
2 years, 5 months ago

Key Russia-Europe gas pipeline reopens but outlook unclear

Associated Press  

BERLIN — Natural gas started flowing through a major pipeline from Russia to Europe on Thursday after a 10-day shutdown for maintenance — but the gas flow remained well short of full capacity and the outlook was uncertain, which leaves Europe still facing the prospect of a hard winter. “We must save more to get through the next two winters …

Russia Resumes 'Unstable' Gas Supplies to Europe via Nord Stream
2 years, 5 months ago

Russia Resumes 'Unstable' Gas Supplies to Europe via Nord Stream

News 18  

Russia on Thursday restored critical gas supplies to Europe through Germany via the Nord Stream pipeline after 10 days of maintenance, but uncertainty lingered over whether the Kremlin would still trigger an energy crisis on the continent this winter. Germany, which is heavily dependent on Russian gas, had feared that Moscow would not reopen the pipeline after the scheduled work …

What is the EU’s gas plan and does it have support of the bloc?
2 years, 5 months ago

What is the EU’s gas plan and does it have support of the bloc?

Al Jazeera  

Bloc says rationing is necessary amid Russian ‘blackmail’ but some member states have rejected the proposal. The European Union’s executive branch has urged member states to cut back on gas usage by 15 percent until March as fears mount that Russia may stop supplying the energy source to the bloc in the coming months. The EU is acting because it …

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 …

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 …

Italy signs energy deals with Algeria in bid to sidestep Russia
2 years, 5 months ago

Italy signs energy deals with Algeria in bid to sidestep Russia

Al Jazeera  

Prime Minister Mario Draghi says Algeria has ‘become in recent months the biggest supplier of gas’ to Italy. Toufik Hakkar, chief executive officer of Algeria’s state oil and gas producer Sonatrach, told reporters that US energy firm Occidental and France’s TotalEnergies were also among the investors. “Algeria is a very important partner for Italy, in the energy sector, in 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 …

EU chief warns of danger of complete cut-off of Russian gas
2 years, 5 months ago

EU chief warns of danger of complete cut-off of Russian gas

Associated Press  

BRUSSELS — European Commission chief Ursula von der Leyen said Wednesday that the 27-nation European Union needs to make emergency plans to prepare for a complete cut-off of Russian gas in the wake of the Kremlin’s war in Ukraine. “It is very important to have a European overview and a coordinated approach to a potential complete cut off of Russian …

Solidarity behind Ukraine’s Russia fight atop summit agendas
2 years, 6 months ago

Solidarity behind Ukraine’s Russia fight atop summit agendas

Associated Press  

WASHINGTON — Back-to-back world leader summits in Europe opening this weekend will focus on uniting Western nations behind Ukraine in its fight against Russia’s invasion and overcoming Turkey’s opposition to NATO membership for Finland and Sweden. A look at some of the key issues and themes on the table as President Joe Biden prepares to join both summits: UKRAINE UNITY …

EU leaders tackle inflation, energy shocks from Russia’s war
2 years, 6 months ago

EU leaders tackle inflation, energy shocks from Russia’s war

Associated Press  

BRUSSELS — A day after endorsing Ukraine’s candidacy to join the European Union, the bloc’s leaders turned their attention Friday to the severe economic turbulence from Russia’s war in the neighboring country as the conflict’s full impact sinks in and the threat of recession rises. The EU’s executive arm, the European Commission, on Friday announced plans to issue 50 billion …

EU leaders tackle inflation, energy shocks from Russia's war
2 years, 6 months ago

EU leaders tackle inflation, energy shocks from Russia's war

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A day after endorsing Ukraine's candidacy to join the European …

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 …

Is the EU deal with Israel and Egypt a way out from Russian gas?
2 years, 6 months ago

Is the EU deal with Israel and Egypt a way out from Russian gas?

Al Jazeera  

Critics argue that the EU will face problems dealing with Israel and Egypt despite Brussels’s enthusiasm. At the ceremony, held at a five-star hotel in Cairo on Wednesday, von der Leyen hailed the deal as a “historic step” away from Russian energy and towards a “green transition”. The memorandum of understanding concerning the delivery of natural gas through Egypt, where …

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