The extreme heat that’s been scorching Asia in recent weeks has produced one clear beneficiary — Russia. As countries across the region scramble to make sure they have enough coal, gas and…
Category: russia
The Russian Nuclear Company The West Can’t Live Without
When European countries want to decommission aging nuclear plants, they often call Nukem. There’s only one catch. By Jonathan Tirone and Petra Sorge May 13, 2023 at 9:00 AM GMT+3 Cutting the…
Europe gas crisis is bigger than its mega rescue plan
Craig Stirling and Elena Mazneva (Bloomberg) — The economic damage from the shutdown of Russian gas flows is piling up fast in Europe and risks eventually eclipsing the impact of the global…
Qatari Minister: No ‘Quick Fix’ to EU Gas Crisis
There is not much Qatar can do to alleviate Europe’s gas crisis in the short term due to contractual commitments, Qatari Energy Minister Saad al-Kaabi tells Energy Intelligence — but further out,…
Sweden Sets Up $23 Billion Emergency Backstop for Utilities
Niclas Rolander Want the lowdown on European markets? In your inbox before the open, every day. Sweden’s government will provide Nordic and Baltic utilities as much as 250 billion kronor ($23.2 billion)…
Germany agrees $65bn inflation relief package
AFP / Berlin The German government yesterday unveiled a new multi-billion euro plan to help housesholds cope with soaring prices, and said it was eyeing windfall profits from energy companies to help…
France faces uncertain winter as nuke power shortage looms
By Forrest Crellin, Silvia Aloisi And Nina Chestney/Paris France, once Europe’s top power exporter, may not produce enough nuclear energy this winter to help European neighbours seeking alternatives to Russian gas, and…
Russia’s Oil Resilience Faces Bigger Test as EU Ban Looms
Russia defied expectations of a collapse in oil production following its invasion of Ukraine. But Moscow will have to redouble its efforts to find new buyers if it’s to keep output from…
Russian gas cuts will not kill German economy
By Daniel Gros/Brussels Much of the conventional wisdom about Europe’s current natural-gas crisis – triggered by reduced deliveries from Russia – rests on two assumptions: that the German economy depends on cheap…
How Europe Became So Dependent on Putin for Its Gas
Russian gas is attractive to Europe because it’s usually cheap, easy to transport and almost always available. Some European Union countries depend on it because they are shutting coal plants, and Germany…