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…
European goodbye to negative rates — or is it just ‘au revoir’?
By Mark John And Dhara Ranasinghe/ London Europe’s decade-long experiment with negative interest rates, which ended on Thursday with the Swiss National Bank’s return to positive territory, showed one thing: they can…
The EU’s carbon border tax could hurt developing nations
By Miriam Gonzalez Durantez And Calli Obern/ Stanford In July 2021, the European Commission did something that no other major governing body had ever attempted: It tied trade policy to climate policy….
The coming green hydrogen revolution
By Jean Baderschneider/ Washington, DC Human-induced climate change is causing dangerous and widespread environmental disruption and affecting the lives of billions of people around the world. According to the Intergovernmental Panel on…
Saudi Aramco says global energy transition goals are ‘unrealistic’
AFP / Riyadh Oil giant Saudi Aramco’s chief on Tuesday blasted “unrealistic” energy transition plans, calling for a “new global energy consensus”, including ramped-up investments in fossil fuels to address painful shortages….
Israel’s Karish Offshore Gas Field: Facts and Figures
The country and its energy partners have found a more efficient way to exploit smaller offshore reserves, though Western officials should temper any expectations that such developments will help ease 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…