We will have to adapt to a new reality where energy will not be enough. No one knows what will happen in the winter of 2022 – 2023, next winter will be very interesting in the energy sector but Greece will be in a better position than the countries of Central and Northern Europe. This […]
Tag: energy crisis
Handelsblatt: The next fuel price hike – India makes petrol exports to Europe more expensive
The West’s conflict with Russia has brought lucrative business to Indian multi-millionaire Mukesh Ambani, according to Handelsblatt. For its refineries on the subcontinent’s west coast, it has bought Russian oil at discount prices in recent months. The Reliance group boss moved the finished products, diesel and petrol, to Europe, among others, and reaped rich profits […]
Moody’s: Rising borrowing costs and growth slowdown will continue to hit markets
Her Eleftherias Kourtali The outlook for global credit conditions has deteriorated and will deteriorate further into the rest of the year, amid slower global growth, higher debt service costs, lower consumer and business climate, and increased volatility and market risks, as warned. In particular, the protracted Russia-Ukraine military conflict poses wider risks that will continue […]
G. Peristeris: This is the truth about the so-called super profits in electricity
By Eleni Botas The president and CEO of GEK TERNA, George Peristeris, gave quick and hurried calculations, speaking yesterday during the Ordinary General Meeting, the so-called super profits of the energy producers. “They talked about surplus revenues, but forgot to mention surpluses. Things are much more mediocre and if I make an estimate, I think […]
G. Stoltenberg: Russia uses energy as a weapon – It is necessary to differentiate suppliers
NATO chief Jens Stoltenberg said today that the Alliance must diversify its energy suppliers as Russia uses energy “as a weapon”. “The war in Ukraine shows the danger of over-dependence on the products of authoritarian regimes. The way Russia uses energy as a weapon of coercion underscores the need to quickly break free from Russian […]
M. Draghi – G7: We hope to achieve an energy ceiling result before October
Italian Prime Minister Mario Draghi addressed the energy crisis at the end of the G7 summit in Germany. “We hope to achieve a result for the energy ceiling before October. It is important that the whole debate be substantive, with a rational and not just a psychological approach,” said the Italian technocratic prime minister. “At […]
The cicada and the ant – Why Europe needs an immediate declaration of a war economy
By Andreas Kluth The next step in the conflict between the West and Russian President Vladimir Putin is supposed to be a European boycott of Russian coal, oil and gas. Instead, it could end up being a Putin-led gas embargo on Europe. In fact, it does not make much difference. The countries of the European […]
Draghi: The energy crisis should not cause a return to populism
Italian Prime Minister Mario Draghi, during the G7 operations in Germany, referred to the economic consequences of the war in Ukraine. “We must avoid the mistakes we made after the 2008 crisis. The energy crisis must not lead to a return to populism,” he said. “We have the tools to achieve this: we need to […]
French energy giants warn of energy savings in winter
The CEOs of Electricite de France, Engie and Total urged French companies and consumers to save electricity, gas and oil immediately to better prepare for winter amid growing concerns about shortages associated with the invasion. of Russia in Ukraine, according to Bloomberg “We need to take collective action on energy demand by reducing our consumption […]
Germany: Dramatic calls for energy crisis
An express bill for the immediate reopening of coal-fired power plants in Germany in order to compensate for the losses from natural gas was submitted this afternoon by the government to the German parliament. This is a particularly painful move for the German government and especially the Greens, as Germany’s goal in recent years has […]
