The United States will “strengthen its military position in Europe” so that NATO can “respond to threats from all directions and in all areas: on land, air and sea,” the president said today in Madrid. USA Joe Biden. At the “History Writing” Atlantic Alliance summit, Biden said he had announced an increased US military presence […]
Tag: Europe
UK plans to cut gas pipelines to EU if Russian gas crisis escalates – FT
The The UK is prepared to cut off gas supplies to mainland Europe should it be hit by a severe shortage.as reported on Tuesday by Financial Times (FT). Highlights The UK to cut two-way interconnections with Belgium and the Netherlands in case of severe shortage. Cutting off so-called interconnecting pipelines would be one of the […]
Trinidad LNG exports to Europe double this year – Reaching 40% of total sales
Trinidad and Tobago liquefied natural gas sales in Europe have doubled to 40% of total this year, Energy Minister Stuart Young said on Tuesday, as demand continued to rise amid declining Russian gas supplies. Trinidad’s LNG exports fell to 7.9 million tonnes last year as the country, Latin America’s largest fuel producer, was forced to […]
Gas: Putin Pressure and Europe Concerns Over Total Faucet Shutdown
Europeans are increasingly worried about the possibility of a complete cessation of gas supplies from Russia, with Italy calling for a new meeting to discuss the issue. Gazprom has cut gas flows to Europe by about 60% in recent weeks, prompting Germany, Italy, Austria and the Netherlands to announce they could turn to coal again. […]
With falling, but far from the low day, the European markets closed
The three-day uptrend in European markets “broke” on Wednesday, amid volatile volatility sparked by international worries about a possible recession as a result of drastic monetary tightening moves by many central banks around the world. The Fed, like the Bank of England and other central banks in Europe and Asia, has raised interest rates dramatically […]
The era of the industrial war
By Costas Raptis Quantity translates into quality. And in its confrontation with Russia, the West lags behind in terms of ammunition. Among roughly equivalent opponents, anyone with an industrial base capable of constantly supplying the battlefield with an advantage has the advantage. But the West is systematically deindustrialized. This warning is addressed by the American […]
IEA warns Europe to prepare for total shutdown of Russian gas exports – FT
The head of the International Energy Agency (IEA), Fatih Birol, has issued a warning to Europe, urging governments to be prepared for a complete shutdown of Russian gas exports this winterreports the Financial Times (FT). Key comments “Europe must be prepared in case Russian gas is completely cut off“. “The closer we get to winter, […]
New rise for European gas – At 126 euros per megawatt hour
European gas prices are still rising today, as supply cuts from Moscow hit the region, with governments turning to alternative energy sources and urging consumers to cut consumption, according to Bloomberg. Germany, Austria and the Netherlands are reversing their policies and turning to more “dirty” coal to ensure energy efficiency. Large German industries are ready […]
Moscow escalates energy war as it rejects additional gas shipments through Ukraine
Russia has stepped up its energy war over gas supplies to Europe, rejecting a proposal by Ukraine to shut down more capacity to compensate for reduced flows through the main pipeline to Germany, according to Bloomberg. Russian energy company Gazprom has chosen not to close additional capacity to transport gas to Europe via Ukrainian pipelines […]
European gas up – At 126 euros per megawatt hour
European gas prices are rising after a rally of 43% last week, as cuts in Russian supplies raise alarm in the region’s governments amid a growing risk of a bullet-proof consumption, according to Bloomberg. It is noted that transfers via Nord Stream remain at only 40% of capacity. Supplies are likely to remain limited with […]
