English

More about this topic

Money

Why Europe faces an energy crisis and what is being done about it

What you need to know about Europe's energy crisis and what you can do to keep your bills in check this winter.

Europe News

Brussels mulls price cap on renewables and nuclear power to curb bills

The exceptional measure should be accompanied by an EU-wide plan to reduce electricity consumption.

Europe News

Spain to cut VAT on gas to help with soaring prices

Prime Minister Pedro Sanchez says the measure will come into force from October until December but could be extended.

Europe Decoded

Energy crisis: How a Dutch market sets Europe's gas prices

All eyes are on the Title Transfer Facility, where gas prices have been breaking records on a daily basis.

ADVERTISEMENT

Europe News

Von der Leyen calls for 'emergency intervention' in electricity market

Amid record-breaking gas prices, the European Commission president said the current market rules are no longer "fit for purpose".

My Europe Series

Europe's gas prices have broken a new record. How high can they go?

The latest announcement from Gazprom sent gas prices to an all-time high, raising the alarm across the continent.

Europe News

European nations scramble to help households with soaring energy bills

Europe is facing a sharp rise in power bills driven by skyrocketing gas prices.

Russia

Nord Stream: Gazprom to suspend gas deliveries to Europe for 3 days

A 10-day maintenance shutdown in July had previously raised concerns among European countries, which have been trying for months to diversify their supplies.

Earth News

Berlin’s 23,000 gaslights could go electric due to energy squeeze

The European city with the world’s largest surviving gaslight network will have to give up the ghost if a gas emergency is declared.

Germany

Germany lowers natural gas tax to ease burden on consumers

Many German citizens are struggling with soaring energy costs following Russia’s war on Ukraine.

Earth News

Hungarians protest looser logging rules to tackle energy crunch

The government has said that logging will only be ramped up in the case of an emergency.

Europe Decoded

Explained: What is Gazprom and what makes it so powerful?

The energy giant has an exclusive monopoly to export Russian pipeline gas.

World News

Portugal and Spain back Scholz over Iberia—central Europe gas pipeline

The German chancellor said a pipeline linking the Iberian peninsula to central Europe was "sorely" lacking, as the continent seeks to wean itself off Russian gas supplies.

Business

German glass bottle producer for Gucci and L'Oréal faces shutdown

German glass bottle producer Heinz-Glas is heavily dependent on gas. The age-old industry now faces a potential shutdown as the country scrambles to ration reserves in a bid to survive the winter months.

Moldova

Moldova's ex-president seeks snap elections as gas prices soar

Pro-Russian opposition leader Igor Dodon has called for immediate elections, after an announcement that gas prices in Moldova rose by 47% last month.

Germany

Sales of electric heaters soar in Germany amid winter gas crisis fears

Germany is heavily reliant on Russian gas imports and Berlin fears supplies will be cut this winter over the war in Ukraine.

Earth News

What is the EU doing to save energy as a gas crisis looms?

Europe is preparing for the worst case scenario if Russia decides to completely cut gas supplies.

Europe News

Tieless Pedro Sánchez asks Spaniards to ditch the tie to save energy

The Spanish PM showed up tieless to a press conference and asked his fellow Spaniards to follow suit.

Economy

Inflation across the eurozone reaches new all-time high of 8.9%

Core inflation, which excludes volatile items like energy and food, stood at 4%, the highest figure since the euro was created.

Earth News

Shell reports record profits amid cost of living crisis

Russia's invasion of Ukraine has sent energy prices soaring and boosted profits for energy companies.