Europe Faces “Red Alert” For Gas Supply As Russia Reduces Flows

Europe Faces “Red Alert” For Gas Supply As Russia Reduces Flows

The risk of a difficult winter of gas rationing for industries and another surge in energy bills for consumers in Europe just became greater as Russia escalated the gas row with the EU by slashing supply to major customers. Tea significantly lower supply from Russia since last week and the upcoming annual maintenance at Nord … Read more

Qatar Expands LNG Capacity To Become Europe’s Emergency Gas Supplier

Qatar Expands LNG Capacity To Become Europe’s Emergency Gas Supplier

Following on from the recent signing by Qatar of a declaration of intent on energy cooperation with Germany aimed at becoming its key supplier of liquefied natural gas (LNG) going forward, the Emirate has now signed separate partnership deals with France’s TotalEnergies and Italy’s Eni for the US$30 billion North Field (or ‘Dome’) Expansion of … Read more

Italy May Declare State Of Alert If Russian Gas Cuts Persist

Italy May Declare State Of Alert If Russian Gas Cuts Persist

Italy may declare next week a state of alert if natural gas supplies from Russia continue to be limited, government sources told Reuters on Friday. Before the Russian invasion of Ukraine, Italy sourced around 40% of the gas it uses from Russia. Italy has sought to diversify its gas imports with more supply from North … Read more

Energy Crisis Hits European Factories Where It Hurts

Energy Crisis Hits European Factories Where It Hurts

European commodity producers and manufacturers are reeling from high energy prices, thanks in large part to the Ukraine crisis. Europe’s industrial energy costs have skyrocketed in the wake of Russia’s war on Ukraine, severely denting manufacturers’ ability to compete in the global marketplace, with natural gas three times more expensive in Europe than in the … Read more