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Gazprom completely stopped the flow of natural gas in Nord Stream – ‘Discovered’ a technical problem

LAST UPDATE: 21.09 The Russian state energy giant Gazprom announced that the Nord Stream 1 natural gas pipeline, which connects Russia to Germany, cannot restart as planned on Saturday, as a new technical problem was discovered, Bloomberg...

Euro markets closed with strong gains – Dax ‘jump’ over 3%

Euro markets closed with strong gains on Friday, snapping a five-session losing streak, as investors weighed data released earlier today in the US labor market. The data showed that the US economy continued to add new jobs...

EU plan to intervene in energy markets – ‘There are limits’ to what it can achieve

An emergency intervention in European electricity markets may lower prices but will not protect the region's economy from the knock-on effects of a historic energy crisis, according to the Commission. The European Union is working on measures...

Reuters: It is not enough to store natural gas, consumption must also be reduced

The European Union is on track to meet its gas storage targets, but analysts warn that the most important factor for energy security this winter will be whether countries can cut consumption enough to ensure that...

Russia cuts natural gas again – Nord Stream shut down

LAST UPDATE: 14.01 Russian energy giant Gazprom announced today that it has "completely" suspended gas deliveries to Europe via the Nord Stream 1 pipeline due to maintenance work expected to last three days. Work "on a gas compression...

Europe is approaching its natural gas storage target early despite falling Russian supply

The European Union is set to meet its goal of filling natural gas reserves two months ahead of schedule, with the bloc bracing for a harsh winter as Russia cuts supplies and rising energy prices, the...