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Europe News

Germany faces EU scrutiny over €200 billion scheme to curb gas prices

EU officials worry the massive borrowing could have a negative impact on fair competition in the single market.

Europe Decoded

An EU cap on gas would end the market as we know it, experts warn

For elected politicians fearing popular unrest, a gas cap represents a fix worth a shot. But for energy experts, it's a leap of faith – one taken out of despair rather than conviction.

Denmark

Baltic Nord Stream 2 pipeline no longer leaking natural gas

Denmark's Energy Agency says one of the two ruptured pipelines in the Baltic Sea appears to have stopped leaking natural gas.

Bulgaria

Greece-Bulgaria gas pipeline begins operating to cut Russia dependency

European Commission President Ursula von der Leyen heralded the new pipeline as a "game changer" at an inauguration ceremony in Sofia.

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Europe News

EU approves mandatory energy savings and cap on company revenues

EU energy ministers approved on Friday a plan of power savings, a cap on excess market revenues and a levy on surplus profits.

Europe News

Germany to spend €200 billion to tackle high energy prices

Germany is paying a high price for its dependence on Russian gas, which accounted for 55% of its gas imports before the war in Ukraine.

Economy

Energy crisis: 15 countries call for EU price cap on all gas imports

France, Italy, Spain, Belgium and Greece are among the signatories asking for the unprecedented measure.

Euronews Witness

Europe's energy crisis and the multi-billion euro buried treasure

Could Gronnigen's multi-billion hidden treasure be the answer to Europe's looming energy crisis? Extraction on gas fields has been put on hold by the government due to 2100 recorded earthquakes which have severely damaged houses.

Italy

Fierce local opposition in Tuscan town to floating LNG Terminal

More than half of the local residents, including the Mayor of Tuscan town, Piombino, are fiercely opposed to a floating LNG Terminal. The plan was to try and meet Italy's energy needs and reduce dependency on Russia, but is now at risk over fears of economic and environmental impact.

Economy

EU should be 'very careful' about capping gas prices: German minister

In an interview with Euronews, Anna Lührmann said an EU-wide price cap on gas imports could endanger the bloc's security of supply.

Russia

Moscow announces 'replacement' gas pipeline to Nord Stream 2

Russia's energy minister announced on Thursday that Nord Stream 2 will be "replaced" by an alternative gas pipeline to China.

Green News

EU looks to raise €140bn from windfall tax on energy firms

The plan is part of long-awaited emergency measures to tackle the soaring cost of electricity before winter.

Europe News

Brussels unveils measures to capture energy profits but delays gas cap

The European Commission is still studying the potential risks of a broad cap on all gas imports entering the bloc.

Green News

More Brits refuse to pay despite Truss’s €2,900 energy bills freeze

Almost 200,000 people have so far signed up to the Don't Pay movement, as UK energy bills soar by 97% in a year.

Europe News

EU energy ministers move closer to price cap on all gas imports

EU member states endorsed four of the five measures proposed by the European Commission and invited the executive to propose a price cap on all gas imports.

Europe News

Energy ministers discuss savings and caps to curb power prices

A proposal to establish a price cap on Russian gas has become divisive and is likely to be discarded.

Europe News

'Wave of poverty' expected to hit Brussels in winter, says expert

Rising energy bills are expected to hit the poorest most hard later this year.

United Kingdom

UK to cap domestic heating and electricity bills at £2,500 a year

Bills had been due to rise to £3,500 (€4,036) pounds a year from October, triple the cost of a year ago.

My Europe Series

Soaring energy prices: How does the UK compare with Europe?

The UK's energy bills will jump by 80% a year from October. But how do Britain's prices compare with the rest of Europe? Who in Europe is paying the most? Who is paying the least?

Germany

Olaf Scholz loses his cool as German energy debate gets heated

The main opposition leader accused Scholz and his coalition of failing the German people amidst an energy crunch and soaring inflation, sparking an angry reaction.