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Oil Price
Volkswagen Warns: High Gas Prices Could Impact Car Production
Germany's Volkswagen AG warned on Thursday that global auto production will be at risk in 2023 if Russia fails to resume deliveries of natural gas through Nord …
Natural Gas
German Jan-July Gas Import Costs Surge 164% As Imports Drop 25.5%
The July statistics from Germany's foreign trade office BAFA are the fifth to reflect the impact of the war in Ukraine, which began on Feb. 24, and Western sanc…
Natural Gas
Germany Takes Over Uniper, Raising Rescue Bill to $29 Bln
Germany confirms nationalisation of gas importer Uniper.
Natural Gas
Hungary Warns Against Further EU Sanctions on Russia
Hungary’s Foreign Minister Peter Szijjarto is warning that further EU sanctions on Russia would only hurt the bloc’s members.
LNG
German Utilities Close to Long-Term LNG Deals With Qatar, Sources Say
German utilities RWE and Uniper are close to striking long-term deals to buy liquefied natural gas (LNG) from Qatar's North Field Expansion project to help repl…
Natural Gas
Germany’s Natural Gas Storage Will Last for Two and a Half Months
Gas storage sites in Germany, now nearly 90% full, will be empty after the winter, German Economy Minister Robert Habeck said on Monday.
Natural Gas
Uniper Weighs Nationalisation Amid Energy Market Turmoil
German gas importer Uniper is flirting with nationalisation as the company suffers the longstanding financial consequences of the war in Ukraine.
EU
European Commission – Demand Reduction and Taxes to Tackle Energy Costs
The European Commission has tabled an ‘emergency intervention’ to tackle the spiralling energy prices in the face of the Russia-Ukraine conflict.
Natural Gas
Germany Edges Closer to Nationalisation of Ailing Gas Importer Uniper
Uniper, government weighing bailout options
Energy Saving
EU Parliament Backs Higher Targets on Renewables and Energy Savings
European Union lawmakers voted on Wednesday to raise the bloc's targets to expand renewable power and save energy, backing proposals that had been made more amb…
Natural Gas
EU to Propose Crisis Measures to Curb Energy Price Spike
The European Union is set to unveil plans on Wednesday to skim off windfall profits from energy companies and impose cuts in electricity usage across the bloc. …
Natural Gas
Czech Government Approves Electricity, Gas Price Cap
The Czech government agreed on Monday to cap electricity and gas prices next year to shield households from soaring prices on markets, Prime Minister Petr Fiala…
Energy Transition
Electrification Key for Europe’s Energy Transition – Power Barometer 2022
In order for Europe to wean itself off of Russian and fossil fuel imports, electrification across the sector is key, states Eurelectric’s Power Barometer 2022.…
Oil Price
Oil Prices Climb on Tight Supply Worries
Oil prices rose by as much as $1 per barrel on Thursday after dropping below key technical support levels in the previous session, as an energy standoff between…
Germany
Germany to Subsidise Basic Level of Power for Homes, Businesses - Ministry Paper
Germany plans to subsidise a basic level of electricity usage for households and set aside cheaper power for small and medium-sized businesses, according to mea…
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