Economy

Oil and gas giants see profits fall back after bumper 2022

The only company on the list with better full-year results than in 2022 was French Total Energies, which in February reported the highest net profit of its history for 2023.

06/03/2024

Economy

Euroviews. This is what US President Biden's LNG freeze might mean for Europe

Europe's reliance on Russian gas was challenged in the aftermath of Moscow's full-scale invasion of Ukraine. Afterwards, the continent turned to the US as it became the largest supplier of LNG, Osama Rizvi writes.

02/02/2024

Europe News

EU extends price cap on gas until January 2025

Energy ministers of the European Union decided on Tuesday to extend the cap on gas prices until January 2025.

19/12/2023

Economy

How EU countries could cut off the remaining Russian gas imports

A new proposal would make it easier for EU member states to phase out Russian gas completely.

08/12/2023

Economy

Gas prices keep climbing in Europe after Israel Hamas war

Natural gas prices in Europe have been climbing over the past week, as recent world events bring uncertainty to the market. Should the continent be worried about its gas supplies?

16/10/2023

Markets

Uncertainty in Europe as oil prices keep climbing

Oil prices have climbed further after they hit a ten-month record on Thursday and gas prices are also inching towards their highest level of the year.

15/09/2023

Europe News

EU to reach winter gas storage target months ahead of new deadline

Gas storage across Europe is now filled at just under 90% capacity, reaching a mandatory target to ensure the continent can power itself through winter with months to spare.

17/08/2023

Europe News

EU should expand joint gas purchases to other commodities - Commission

The European Union should build on the success of its new joint gas purchase platform and extend it to other commodities including hydrogen and critical raw materials to ensure steady supplies and affordable prices, Maroš Šefčovič argued on Thursday.

13/07/2023

Europe News

EU platform to pool gas demand seeing 'remarkable success' - Brussels

Suppliers who took part in the first tender round offered more than 13.4 billion cubic metres (bcm) of gas, higher than the 11.4 bcm requested by buyers. But the price is not yet known.

16/05/2023

World News

Euroviews. Divorce from Putin’s fossil fuels can't result in toxic EU-US marriage

We cannot let the continued energy crisis be used to further strip away any hope we have for stopping the worst impacts of climate change, Anusha Narayanan and Tal Harris write.

28/04/2023

Earth News

Indigenous Australians and pension holders unite against gas projects

Traditional Owners of three First Nations are putting pressure on the pension funds over their fossil fuel investment plans with Santos.

26/04/2023

Economy

EU launches platform to pool gas demand in bid to lower prices

Several companies have already put in bids, an EU official said in the morning, just two hours after the platform was launched. The first deliveries are now expected to be carried out in late June or beginning of July.

25/04/2023

Earth News

Austria: Police detain 143 people at anti-fossil fuel protest 

Environmental groups are protesting at the European Gas Conference to demand an end to fossil fuels.

28/03/2023

Italy

Italian community angry that LNG ship will be moored near their homes

A ship that will store liquefied natural gas and convert it back into gas has prompted protests from people living near its mooring in Italy. The Italian government says LNG will enable it to replace gas supplies lost after Russia's invasion of Ukraine.

20/03/2023

Europe News

Gas consumption in the EU drops by almost 20%, overshooting target

The EU argues gas savings are the most powerful tool to mitigate the worst effects from the ongoing energy crisis.

21/02/2023

Earth News

COP27: 5 key takeaways from science and youth on day 5

Protests continued at the conference with activists calling out fossil fuel lobbyists and asking for climate justice

10/11/2022

This will impact your life

Energy crisis: What’s the worst-case scenario for this winter?

From rolling blackouts to taking some industries offline, here are the worst-case scenarios governments are trying to avoid this winter.

31/10/2022

Nigeria

Floods in Nigeria threaten liquified natural gas supplies to Europe

Nigerian gas company Nigeria LNG declared force majeure because of widespread flooding that has disrupted supply, a spokesman for the company said.

18/10/2022

Europe News

EU proposes joint gas purchasing and 'dynamic' cap to curb prices

The new emergency measures also include joint purchases of gas and automatic solidarity rules to cope with potential shortages.

18/10/2022

Austria

Demand for firewood soars in Austria amid gas supply fears

The increase in energy prices in Austria accompanied by soaring inflation has prompted locals to return to burning wood.

03/10/2022