LAST UPDATE: 10:56 Russia’s Gazprom said today it has stopped supplying natural gas to neighboring Latvia, accusing it of violating terms on receiving Russian gas, Reuters reported. Russia has already cut off gas supplies to Poland, Bulgaria, Finland, the Netherlands and Denmark, which have refused to pay for the gas under an order from President […]
Tag: natural gas
Energy crisis: Time for Germany to respond to Spain, Portugal, Italy and Greece
By Maria Tadeo The era in Europe where “Germany knows best” is coming to an end. For a decade, Berlin held the reins of moral and economic power in the European Union, setting policy and acting as the bad cop for the weaker economies of the South. The energy crisis upset this balance. Germany’s dependence […]
Petkov: Significant progress for the operation of the Bulgaria-Greece natural gas pipeline
Bulgarian Prime Minister Kirill Petkov reported today that there is significant progress in finalizing the documents for the commissioning of the Bulgaria-Greece natural gas interconnector. “Following the completion of the construction of the interconnector pipeline with Greece on July 8, we can now report that there is significant progress in the completion of the documented […]
Shock U-turn from Citi: Worst-case scenario for Eurozone is coming true – Deep recession inevitable
Her Eleftherias Kourtalis Today, Citigroup made a significant change in its assessment of the course of the European economy, stressing that the worst-case scenario is now the main one for the region, with the deep recession hitting with certainty and noise. As it notes, its recent assessment of a mild recession in the eurozone has […]
Israeli media: Tel Aviv upset over Nicosia’s actions in the ‘Aphrodite’ field
Israeli officials are said to be annoyed by the announcement by the Cypriot government and the Chevron company about the exploratory actions in the “Aphrodite” field, according to anonymous government sources cited in yesterday’s article by the financial paper The Marker of the authoritative Israeli newspaper HaAretz. As reported by the Cyprus News Agency, according […]
Natural gas remains above 200 euros/MWh in Europe – Nervousness in the market
Natural gas in Europe is trading on Thursday after Russian flows through the Nord Stream 1 pipeline stabilized, although the stabilization comes at levels well below what the European economy needs for its energy security. Flows in the Russo-German pipeline, the main entrance passage for Russian gas to the European Union, are now moving steadily […]
France can only cover 2% of Germany’s natural gas needs
France is able to supply Germany with 20 terawatt hours of natural gas, or 2% of German consumption, during the winter months if needed, French energy officials said, according to Reuters. The exploitation of natural gas by Moscow as an economic and political weapon against the European Union has highlighted the dependence of the EU […]
Kremlin: Gazprom is supplying Europe with as much gas as it can
Russia’s Gazprom is supplying Europe with as much gas as possible, Kremlin spokesman Dmitry Peskov told reporters today, adding that technical issues with pipeline equipment due to sanctions are preventing Gazprom from exporting more. Russia delivered less gas to Europe today in a further escalation of an energy standoff between Moscow and the European Union […]
Jump to 215 euros for natural gas in Europe – It reached +12%
A jump of 7.6% is recorded in the price of natural gas in Europe, in the wake of the reduction of Russian flows through the Russo-German pipeline Nord Stream 1 to 20% of the total capacity (from 40% previously) as of this morning. The European Union approved on Tuesday an emergency plan for, in principle, […]
Natural gas reached the fringes of 230 euros
LAST UPDATE 14:15 With a new strong jump, natural gas reached a breath from 230 euros today, with the pressures, however, de-escalating significantly afterwards and the prices falling back to the 200 euro area. Specifically, the European one natural gas contract of August delivery is traded in the Netherlands (TTF) at 196 euros the megawatt […]
