Belgium has favored introducing price caps at the European Union’s gas and electricity hubs, as well as suspending negotiations in the event of “irrational market behaviour”, according to a memo cited by Reuters. Within the year, Eurostat had reported that Belgium had the highest energy inflation in the EU, with the country’s government working out […]
Tag: natural gas
Uniper: Requests an additional state credit facility of 4 billion euros
German energy giant Uniper said on Monday it has requested a further €4bn extension of its government credit facility to boost its liquidity which has been squeezed by soaring gas prices. “We are working directly with the German government for a permanent solution to this emergency situation, as otherwise Uniper will no longer be able […]
Elon Musk: We must continue to use oil and natural gas
LAST UPDATE: 15:21 The world must continue to extract oil and natural gas to sustain today’s civilization, while also continuing to develop sustainable energy sources, Tesla chief Elon Musk told reporters during a conference in Norway on Monday, according to with Reuters. “Realistically I think we have to use oil and gas in the short […]
Natural gas is down 12%
LAST UPDATE: 10.13 European gas prices posted their biggest drop since April after Germany said natural gas storage was filling up faster than planned ahead of winter. In this climate, the Dutch contract – the European benchmark – is down 12.7% to 296 euros per megawatt hour. Earlier, it went down as much as 16% […]
Natural gas is down 14%
LAST UPDATE: 10.30 European gas prices posted their biggest drop since April after Germany said natural gas storage was filling up faster than planned ahead of winter. In this climate, the Dutch contract – the European benchmark – is down 14.4% to 290 euros per megawatt hour. Earlier, it went down as much as 16% […]
Natural gas is down 17%
LAST UPDATE: 13.04 European gas prices posted their biggest drop since April after Germany said natural gas storage was filling up faster than planned ahead of winter. In this climate, the Dutch contract – the European benchmark – is down 17.4% to 280 euros per megawatt hour. It is noted that last week it jumped […]
Natural gas is down 20%
LAST UPDATE: 14.05 European gas prices posted their biggest drop since April after Germany said natural gas storage was filling faster than planned ahead of winter and some traders took profits after a rally in recent weeks. In this climate, the Dutch contract – the European benchmark – is down 20.4% to 270 euros per […]
Natural gas is down 18%
LAST UPDATE: 14.20 European gas prices posted their biggest drop since April after Germany said natural gas storage was filling faster than planned ahead of winter and some traders took profits after a rally in recent weeks. In this climate, the Dutch contract – the European benchmark – is down 18.6% to 276 euros per […]
Germany: Gas tanks are filling up faster than expected
The process of filling natural gas storage tanks is progressing faster than expected, despite the reduced volume delivered by Russia. According to the magazine Der Spiegel, the occupancy level reached 81.78% on Thursday, while at the end of the week it is expected to have reached 82.2%. “The reservoirs are filling up earlier than planned,” […]
France is close to an agreement to increase natural gas imports from Algeria
France’s Engie SA is nearing a deal with Algeria to increase natural gas imports, a deal that could come after President Emmanuel Macron’s official visit to the country, Bloomberg reports. “Diplomatic negotiations are continuing,” government spokesman Olivier Veran told BFM television on Sunday, adding that an announcement could come soon. Radio station Europe 1 first […]