Source link More Western air defenses are needed to protect the company property of DTEK, according to the CEO Ukraine may lose the “energy war” against Russia due to a shortage of air defenses, the CEO of an energy giant owned by one of the country’s oligarchs has told the Financial Times. The company – […]
Tag: energy
German households heavily burdened by energy costs – report — RT Business News
Source link Prices for heating, electricity and refueling are reportedly 41% higher in 2024 than before the crisis Consumers in Germany are having to pay significantly higher for heating and electricity in 2024 than before the energy crisis, the Berliner Morgenpost has reported, citing the latest study by the portal Verivox. According to the report, […]
EU bought almost €30bn worth of Russian energy last year – media — RT Business News
Source link Despite bans and extensive sanctions, the bloc has continued to import oil, petroleum products and natural gas from Moscow Russia supplied just over €29 billion ($31.2 billion) worth of energy to the EU last year, according to data from the bloc’s statistics office, Eurostat, as cited by the Russian business daily RBK. This […]
Brussels will not extend gas transit contract with Moscow – EU energy chief — RT Business News
Source link Russian gas that is piped though Ukraine adds billions of dollars to Kiev’s coffers The EU has no intention of extending the gas transit contract with Russia via Ukraine when it expires at the end of this year, European Energy Commissioner Kadri Simson told an EU Parliament committee meeting on Thursday. This comes […]
EU state’s dependence on Russian gas soars to 98% – energy minister — RT Business News
Source link Austria has actually increased imports from the sanctioned country due to a lack of affordable alternatives The share of Austria’s gas imports from Russia has continued to grow, hitting a record high of 98% in December, Austrian Energy Minister Leonore Gewessler has said. The share was 76% the month before, according to the […]
Berlin to nationalize local subsidiary of Russian energy giant — RT Business News
Source link The German authorities are discussing nationalizing the local subsidiary of Russian state-controlled energy major Rosneft, which has been under a trusteeship since 2022, the company said on Thursday. The newspaper Handelsblatt reported, citing government sources, that a hearing that began on Monday marks the first step towards a formal expropriation procedure the government […]
EU states buying Russian energy ‘on the sly’ – Moscow — RT Business News
Source link Oil and gas are still reaching the bloc via third countries, a top Russian senator has said EU countries continue to purchase Russian oil and gas despite bold statements about abandoning supplies, the chair of the Federation Council, Valentina Matvienko, has said. Speaking at an event organized by the Federation Council, the upper […]
India to invest $67 bn in energy sector — RT India
Source link Prime Minister Narendra Modi has unveiled his government’s vision for transforming the country’s energy landscape New Delhi will invest $67 billion in India’s energy sector over the next 5-6 years to meet the country’s primary energy demand, which is expected to double by 2045, Indian Prime Minister Narendra Modi announced at the India […]
Biden’s LNG ban dangerous for industry’s future – energy bosses — RT Business News
Source link Washington paused approvals for new gas export terminals for what it called climate-change reasons The temporary halt of approvals for new LNG export terminals by the administration of US President Joe Biden will undermine trust in the industry, Shell CEO Wael Sawan told the Financial Times in an interview on Sunday. “I don’t […]
Red Sea crisis exposing EU energy weakness – FT — RT Business News
Source link Diesel prices have jumped amid fears of disruptions in supply to the bloc, according to the outlet The surge in global diesel prices to an almost three-month high amid shipping disruptions is threatening to test the resilience of EU economies, the Financial Times reported on Wednesday. The rising prices reflect concerns among traders […]
Western Europe’s energy supply ‘vulnerable’ – Bloomberg — RT Business News
Source link Giving up Russian gas for US LNG undermines the region’s security, analysts say Replacing Russian gas with liquefied natural gas (LNG) from the US has exposed the EU’s energy system to major security risks, Bloomberg has reported, citing industry experts. The US, which started exporting its shale gas only in 2016, is currently […]
Russian central bank admits energy revenues slump — RT Business News
Source link Export revenues dropped 30% compared to an all-time high recorded in 2022, the regulator estimated Russian export revenues saw a notable drop by almost a third in 2023, according to the preliminary assessment released by the Bank of Russia, which cites a decline in prices for crude oil as one of the key […]
Top Putin aide warns about future of energy industry — RT Business News
Source link Global demand for oil and gas will eventually start to wane, Maksim Oreshkin has predicted The oil and gas sector is not the most promising part of the Russian economy as global demand for crude is expected to fall in the long term, Maksim Oreshkin, the top economic adviser to President Vladimir Putin, […]
Ecuador tightens security at energy facilities — RT Business News
Source link Ecuadorian state-run oil producer Petroecuador has announced that it has stepped up security measures at its facilities amid ongoing unrest in the country. The move follows a state of “internal armed conflict” declared by Ecuadorian President Daniel Noboa on Tuesday, after gunmen stormed a TV station and attacked police officers around the country. […]
Ukrainians urged to slash energy consumption — RT Russia & Former Soviet Union
Source link Electricity usage has increased by 13% as the country enters a period of extreme cold, the national grid operator has said Ukrainian authorities have asked citizens to conserve energy, warning that a surge in consumption during a spell of bad weather is putting too much strain on the national power grid. The country’s […]