EU working to completely stop Russian gas transit via Ukraine – official — RT Business News

EU working to completely stop Russian gas transit via Ukraine – official — RT Business News

Source link The current five-year contract between Moscow and Kiev is due to expire at the end of this year The European Commission is working hard to abandon Russian gas supplies that it receives through Ukraine, the commission’s spokesperson, Tim McPhie, has said. The EU’s gas transit contract with Moscow expires at the end of […]

EU tells citizens to further reduce gas consumption — RT Business News

EU tells citizens to further reduce gas consumption — RT Business News

Source link While the extension of the bloc’s 2022 emergency demand reduction was framed as a success, the impact has been severe Europeans must maintain the reduced natural gas consumption levels imposed in the wake of sanctions targeting Russia’s energy sector, according to a draft proposal from the European Council published on Tuesday. The proposal […]

Police fire tear gas at protesting farmers in Brussels — RT Business News

Police fire tear gas at protesting farmers in Brussels — RT Business News

Source link The demonstrators converged on EU headquarters where the bloc’s agricultural ministers were meeting on Monday Police fired tear gas to disperse protesting farmers near the European Council’s main building in Brussels on Monday, according to footage posted on social media. Farmers angry at what they perceive as excessive bureaucracy and competition from cheap […]

Germany suffering ‘irreversible’ damage without Russian gas – Putin — RT Russia & Former Soviet Union

Germany suffering ‘irreversible’ damage without Russian gas – Putin — RT Russia & Former Soviet Union

Source link The president says industrial heavyweights are moving their plants abroad where energy is cheaper, including the US The German government’s decision to switch from Russian gas to more expensive energy sources is having a negative effect on the country’s economy, President Vladimir Putin has said. He added that Western leaders had apparently hoped […]

Israel behind attacks on Iranian gas pipelines – NYT — RT World News

Israel behind attacks on Iranian gas pipelines – NYT — RT World News

Source link The covert operation required deep knowledge of the country’s infrastructure, a source has said Israel conducted clandestine strikes against two key natural gas pipelines in Iran this week, marking an escalation in the years-long standoff between the two states, the New York Times has reported. “Israel has long targeted military and nuclear sites […]

Brussels will not extend gas transit contract with Moscow – EU energy chief — RT Business News

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 […]

Scrapping Russian gas deal would cause prices to ‘explode’ – Austrian MP — RT Business News

Scrapping Russian gas deal would cause prices to ‘explode’ – Austrian MP — RT Business News

Source link Austria’s plans to end a long-term contract for Russian gas would cause energy prices to “explode” and would fuel inflation in the country, Axel Kassegger, a member of the Freedom Party of Austria, has warned. On Monday, Austrian Energy Minister Leonore Gewessler urged for radical steps to be taken to cut the country’s […]

EU state’s dependence on Russian gas soars to 98% – energy minister — RT Business News

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 […]

Loss of Russian gas speeds Germany’s deindustrialization – media — RT World News

Loss of Russian gas speeds Germany’s deindustrialization – media — RT World News

Source link Surging energy costs have led to factory closings and the shifting of production lines overseas, Bloomberg says Germany’s reign as an industrial superpower is “coming to an end” as the loss of cheap Russian natural gas amid the Ukraine crisis has dealt a “final blow” to manufacturers that were already struggling to remain […]

Russian pipeline gas supplies to EU rise 41% year-on-year – Vedomosti — RT Business News

Russian pipeline gas supplies to EU rise 41% year-on-year – Vedomosti — RT Business News

Source link Russian pipeline gas supply to the EU jumped by 41% last month on an annual basis, amounting to 2.52 billion cubic meters (bcm), the newspaper Vedomosti reported on Wednesday. According to the newspaper’s analysis of Gazprom data, gas transit via Ukraine to EU countries and Moldova (since Gazprom does not provide separate data […]

Next decade to see over $1 trn spent on boosting gas output worldwide – report — RT Business News

Next decade to see over $1 trn spent on boosting gas output worldwide – report — RT Business News

Source link The fossil fuel industry is expected to spend more than $1 trillion globally over the next decade on natural gas production, driven by growing demand from Europe, a report released this week by climate campaign group Global Witness has claimed. The NGO’s analysis of data from Rystad Energy shows that $223 billion of the […]

Germany mulling stake sale in major gas importer – Bloomberg  — RT Business News

Germany mulling stake sale in major gas importer – Bloomberg  — RT Business News

Source link Uniper was nationalized after facing €40 billion in losses due to the halt in Russian gas supplies The German government is preparing to sell part of its 99% stake in the country’s major gas importer Uniper, which was bailed out during the energy crisis in 2022, Bloomberg reported on Wednesday, citing people familiar […]