“Mr. Tsipras once again demonstrates his abysmal ignorance. Instead of Tsipronomics, let him answer us what methodology he applied to calculate the taxable profits of the energy providers, in order to arrive at these amounts,” said the government representative, Yiannis Oikonomou, regarding the post of the president of SYRIZA, Alexis Tsipras, about the super profits […]
Tag: Energy
A. Tsipras: At €2.2 billion the surplus profits in energy – Mr. Mitsotakis taxes less than 300 million
In the report of the Energy sector of SYRIZA that was published yesterday by the relevant department of the official opposition, the president of SYRIZA is mentioned in his fb post, noting that “So the surplus profits of the electricity producers for the 12 months July 2021 – June 2022, amount to 2, 2 billion […]
The government opposes the Commission’s proposal for a 15% reduction in natural gas consumption
“We are doing everything possible so that there is no disruption in the supply chain. The government does not agree with the Commission’s proposal for a 15% reduction in natural gas… We have submitted proposals and we will insist on these proposals…”, Mr. Economou, during the press briefing. Responding to SYRIZA’s criticism of the fires, […]
Nord Stream: Russian gas flow has resumed after maintenance
As reported on Thursday by several Russian media outlets, citing a Nord Stream AG spokesman, the supply of gas through the gas pipeline has been resumed. The spokesman, however, has said that the restoration of gas flows will be gradual. Meanwhile, the German gas regulator has said that current gas flows through the pipeline Nord […]
At last, a roadmap for Europe’s energy crisis
Her Maria Tadeo Finally, someone seems to be on the right track for Europe’s energy crisis. On July 14, as France celebrated Bastille Day, President Macron accused Putin of manipulating energy supplies to punish Europe for helping Ukraine. He argued that Russia would likely cut off gas supplies completely, leading France and the rest of […]
EU: European Commission does not expect Nord Stream to resume – WSJ
The Commissioner for Budget and Administration of the European Union (EU), Johannes Hahn, said on Tuesday that The European Commission does not expect gas supplies to Europe from Russia via the Nord Stream pipeline to resume from this Thursdayaccording to the Wall Street Journal (WSJ). Hahn has said: “We work with the hypothesis that it […]
Winter energy ‘sad’ will cost Europeans $200bn – or more
By Javier Blas It is a chain of energy dominoes that are falling in a wave – a chain in which each tile is worth many billions of euros. A bankrupt utility here, a country’s energy reserves there. When the dust settles, the total bill for bailing out the European energy market this winter will […]
Gold Price Forecast: XAU/USD Halts Bounce Before $1725
Gold recovers ground but does not finish leaving behind the bad moment in general. Falling dollar and stable Treasury yields support XAUUSD. The Prayed is rising on Monday, having posted the lowest weekly close since February 2021. XAUUSD rose as high as $1,723, the highest since Thursday, and then trimmed gains as it fell to […]
Energy crisis: The debt of European energy companies jumps to 1.7 trillion. euro
European energy and utility companies are piling on more debt to cover soaring costs due to rising oil and gas prices, Bloomberg reports. Their total-cumulative debt, which has been expanding since the beginning of the coronavirus pandemic in 2020, has reached 1.7 trillion. euros – in an increase of more than 50% compared to the […]
Germany: Germany is in a second stress test for energy supply
In a second stress test, the security of electricity supply in Germany will be tested under stricter conditions, according to Handelsblatt. The Federal Ministry of Economics and Technology gave this order to Germany’s four transmission system operators. The aim is to establish whether the security of supply in the electricity sector and the safe operation […]
