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 of the companies deeply involved in and supportive of Russian gas supplies to Europe—it raked in impressive profits from its investment in a Gazprom gasfield in Russia this year—it is now being forced by public opinion, supply concerns, and pricing to look at energy alternatives rather than investing further in a carbon-intensive future. As the EU is forced to wean its industries and energy infrastructure from Russian gas supply, it will lower the need for it to keep arguing that natural gas is a “green energy” source, and more importantly, it may serve as an impetus for innovating beyond natural gas, which will be far more useful to developing countries. The shock of Russia’s Ukraine war, and the energy crisis that it has led to, is forcing Europe to reckon with these issues.

Energy Europe France Ukraine Russia Germany Gas Natural Gas Prices Crisis Countries Russian European German Basf Cern Russian Gas Deeply Energy Crisis Gas Supplies  europe  crisis  ukraine  russian  scrambling  winter  countries  gas  cope  eu  prices  energy  approaches  russia  deeply

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 …

Once a global ideal, Germany's economy struggles with an energy shock that's exposing longtime flaws
1 year, 3 months ago

Once a global ideal, Germany's economy struggles with an energy shock that's exposing longtime flaws

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. Germany risks “deindustrialization” as high energy costs and government …

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 …

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. …

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.” …

Explained: What the Ukraine war means for the global battle against climate change
1 year, 11 months ago

Explained: What the Ukraine war means for the global battle against climate change

Firstpost  

One of the most profound impacts of the Ukraine war has been on global energy markets, and by extension, on the global fight against climate change. “In the short term, Russia has been a winner because of the increase in the price of oil,” said Daniel Yergin, vice chair of S&P Global and an energy historian. “Today’s energy crisis has …

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 …

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 …

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 …

Europe scrambles to help Ukraine keep the heat and lights on
2 years ago

Europe scrambles to help Ukraine keep the heat and lights on

Associated Press  

KYIV, Ukraine — European officials are scrambling to help Ukraine stay warm and keep functioning through the bitter winter months, pledging Friday to send more support that will mitigate the Russian military’s efforts to turn off the heat and lights. British Foreign Secretary James Cleverly, arriving Friday on a visit to Kyiv, said a promised air-defense package, which Britain valued …

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 …

Preparing to face the looming energy crisis in winter
2 years, 1 month ago

Preparing to face the looming energy crisis in winter

Hindustan Times  

With no sign of the end of the Russia-Ukraine war in the future, Europe will likely have a hard time dealing with its energy crisis with winter approaching. With the looming energy crisis, many States have already taken steps through legislation such as incentivising citizens to use public transport, lowering their energy bills, and increasing public ownership of energy companies. …

As Europe's energy crisis intensifies amid Putin's war, what does it mean for Australia?
2 years, 1 month ago

As Europe's energy crisis intensifies amid Putin's war, what does it mean for Australia?

ABC  

For decades, Europe relied on Russia for more than a third of its coal, oil and gas. Key points: Europe's energy crisis is escalating as governments try to reduce their dependence on Russian resources while the war in Ukraine drags on EU countries have implemented energy efficiency measures and urged people to make sacrifices during winter, amid soaring prices and …

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 …

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 …

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 …

EU ministers delay for a month decision on more energy unity
2 years, 1 month ago

EU ministers delay for a month decision on more energy unity

Associated Press  

BRUSSELS — European Union nations on Tuesday gave themselves yet another month to overcome deep differences on groundbreaking measures to shield their citizens from the energy crisis. But because fluctuating global energy markets and different energy mixes among member states — ranging from nuclear to natural gas and other fossil fuels — make smart, lightning-quick decisions wickedly difficult, “many countries, …

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 response to energy crisis looms amid rising oil, gas prices
2 years, 2 months ago

EU response to energy crisis looms amid rising oil, gas prices

Al Jazeera  

Energy prices began soaring last year after the lifting of pandemic lockdowns, followed by Russia’s war in Ukraine this year. Energy prices – determined by the price of crude oil, natural gas and coal – began soaring last year as a result of COVID lockdowns being lifted, followed by Russia’s invasion of Ukraine this year. “Russia’s war on Ukraine has …

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 …

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 …

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 …

German gas price plan exposes EU divisions over energy
2 years, 2 months ago

German gas price plan exposes EU divisions over energy

Associated Press  

BRUSSELS — Germany’s plan to spend billions of euros to help keep gas prices low for its consumers and businesses has received a tepid welcome from fellow European Union members, with some worrying that the measure could exacerbate the energy crisis. With a recession looming, Chancellor Olaf Scholz said last week that his government would spend up to 200 billion …

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 …

Experts: Europe faces ‘unprecedented risk’ of a gas shortage
2 years, 2 months ago

Experts: Europe faces ‘unprecedented risk’ of a gas shortage

Associated Press  

Europe faces “unprecedented risks” to its natural gas supplies this winter after Russia cut off most pipeline shipments, the International Energy Agency said Monday, warning that European nations could wind up competing with Asia for already scarce and expensive liquid gas that comes by ship. The Paris-based IEA said in its quarterly gas report that the European Union’s 27 countries …

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 …

The wrong way to solve Europe’s energy crisis
2 years, 2 months ago

The wrong way to solve Europe’s energy crisis

The Economist  

E UROPE HAS been battered by soaring energy prices since Russia’s bloody invasion of Ukraine. In response Ursula von der Leyen, the president of the European Commission, has proposed reforms to the EU ’s electricity market and unveiled plans for a proposed windfall tax on energy companies. Meanwhile Europe is investigating possible acts of sabotage to Russia’s Nord Stream gas …

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

Associated Press  

FRANKFURT, Germany — As Europe heads into winter in the throes of an energy crisis, offices are getting chillier. 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 Scholz said this month that early …

Germany: Recession clouds gather in Europe's largest economy
2 years, 2 months ago

Germany: Recession clouds gather in Europe's largest economy

Firstpost  

Germany’s key future indicator, the IFO survey of business confidence, pointed down for the fourth month in a row as high inflation fed by astronomical natural gas prices undermines consumer pricing power and imposes heavy costs on businesses Frankfurt: Europe’s largest economy is sending recession signals. Germany’s key future indicator, the IFO survey of business confidence, pointed down for the …

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

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. With costs high and energy supplies tight, Europe is …

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 …

Why Europe’s energy prices are spiraling out of control
2 years, 3 months ago

Why Europe’s energy prices are spiraling out of control

Al Jazeera  

As the price of electricity skyrockets, people in the UK and EU are trying to find ways to cope. Halla Mohieddeen: Whether it’s in the UK, where wide swathes of people wonder if they can pay their bills Newsreel: An enormous number of families up and down the country in food and fuel poverty. So we’ve got, we’ve got, we’ll …

Households a wild card as Europe moves to end Russian gas dependence
2 years, 3 months ago

Households a wild card as Europe moves to end Russian gas dependence

Live Mint  

COLOGNE : A painful push by businesses to cut their natural-gas use is bringing Europe closer to its goal of weaning itself off Russian energy. Businesses, facing skyrocketing prices during a widening economic conflict running in parallel with Russia’s invasion of Ukraine, have ratcheted down their gas use in recent months. Small gas consumers in Germany, including households, began cutting …

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 …

European Union ministers fast-track 'unprecedented' measures to solve energy price shock
2 years, 3 months ago

European Union ministers fast-track 'unprecedented' measures to solve energy price shock

Firstpost  

Moscow’s invasion has seen the price of natural gas hit record levels, throwing the EU economy into deep uncertainty, with all eyes on whether Russian President Vladimir Putin will cut off the flow entirely Brussels, Belgium: The EU executive pledged Friday to come up with unprecedented measures in the coming days to solve an energy price shock triggered by Russia’s …

Will the EU put in place a long-term energy strategy?
2 years, 3 months ago

Will the EU put in place a long-term energy strategy?

Al Jazeera  

European countries are looking for ways to rein in soaring energy prices. European energy ministers have failed to agree on a plan to cap Russian gas prices at an emergency meeting in Brussels. EU energy commissioner Kadri Simson says countries heavily reliant on Russian supplies fear they will be cut off altogether. Presenter: Imran Khan Guests: Sandrine Dixson-Decleve – Energy …

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 …

European Union Energy Ministers plan for 'difficult winter'
2 years, 3 months ago

European Union Energy Ministers plan for 'difficult winter'

The Hindu  

European Union Energy Ministers met on Friday to seek a united response to the energy shock triggered by Russia's war on Ukraine, which has sent prices for electricity and heating skyrocketing. Moscow's invasion has seen the price of natural gas hit record levels, throwing the EU economy into deep uncertainty, with all eyes on whether Russian President Vladimir Putin will …

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