UK weighs in on huge package of support as Europe battles energy crisis

Manuela Schwesig, Premier of the State of Mecklenburg-Western Pomerania, and Markus Soeder, Premier of the State of Bavaria, visit a pipeline transfer station of the Baltic Sea Pipeline Link near Lubmin, Germany , August 30, 2022. REUTERS / Lisi Niesner Join now for FREE unlimited access to Reuters.com Register UK to freeze energy bills for … Read more

EU rushes to protect industry as Russia gas shutdown shakes markets

Gas prices in Europe up around 400% compared to a year ago EU states rush to support struggling power companies Disruptions hamper EU efforts to fill storage EU denounces Moscow’s weaponized gas, Russia blames sanctions LONDON/OSLO, Sept 5 (Reuters) – Gas prices in Europe jumped, stocks tumbled and the euro tumbled on Monday after Russia … Read more

Russia’s new gas suspension tightens energy screws on Europe

Pipes from the landing facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany March 8, 2022. REUTERS/Hannibal Hanschke Join now for FREE unlimited access to Reuters.com Register FRANKFURT/LONDON, Aug 31 (Reuters) – Russia cut off gas supplies via a major pipeline to Europe on Wednesday, intensifying the economic battle between Moscow … Read more

UK household energy bills will jump 80% to over $4,000 a year

Price cap for 24 million households to increase from October Even higher prices expected in January Regulator calls for urgent government intervention ‘This is a national emergency,’ says opposition Labor LONDON, Aug 26 (Reuters) – Britain’s energy bills will jump 80% to an average of 3,549 pounds ($4,188) a year from October, the regulator said … Read more

The Nord Stream 1 pipeline will be closed for three days in the latest fuel blow in Europe

Pipeline shutdown from August 31 to September 31. 2 for maintenance The disclosure comes as gas flows have fallen to 20% This decision increases the energy impasse of Europe and Moscow FRANKFURT/BERLIN, Aug 19 (Reuters) – Russia will cut off natural gas supplies to Europe for three days at the end of the month through … Read more