energy-market
FinanceFactbox-Europe’s Plan to Tackle Winter Energy Crisis
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Top StoriesAnalysis-Pyrenees Pipeline Puts EU Energy Divisions in Stark Relief
Exclusive-EU Watchdog Considers Collateral Changes to Ease Energy Crunch
Date: September 12, 2022
By Huw Jones LONDON (Reuters) -The European Union’s securities watchdog said on Monday it was considering a rare move to relieve energy companies struggling to find enough cash to cover their positions. The EU and Britain are battling to mitigate the shock of what some politicians have dubbed an “energy war” with Russia, which has...
EU Eyes Levy on Fossil Fuel Firms to Help Consumers Survive Energy Crisis
Date: September 12, 2022
By Kate Abnett and Ingrid Melander BRUSSELS (Reuters) -Fossil fuel firms may have to share their excess profits to help European households and industries cope with red-hot energy bills, a draft European Union plan showed on Monday as the cost of the West’s “energy war” with Russia took a growing toll. Energy prices and inflation...
Shelling Damages Zaporizhzhia Nuclear Plant’s Backup Power Line -Iaea
Date: September 8, 2022
By Francois Murphy VIENNA (Reuters) -Shelling on Tuesday damaged a backup power line at the Russian-held Zaporizhzhia nuclear power plant (ZNPP) in Ukraine, which has already lost all four of its regular power lines, the U.N. nuclear watchdog said in a statement on Wednesday. The International Atomic Energy Agency (IAEA) said there was no immediate...
Europe’s Alternatives if Russia Shuts Off Gas Supply
Date: September 7, 2022
(This September 2 story corrects to show Germany plans to build five LNG terminals not two) By Nina Chestney LONDON – The Nord Stream 1 pipeline that transports Russian gas to Germany will undergo further maintenance, Gazprom said on Friday after scrapping a Saturday deadline to resume flows, deepening Europe’s difficulties in securing fuel. Gazprom...
Europe Power Firms Need 1.5 Trillion Euros in Margin Calls, Equinor Says
Date: September 7, 2022
By Marwa Rashad LONDON (Reuters) -European energy companies need at least 1.5 trillion euros ($1.5 trillion) to cover the cost of their exposure to soaring gas prices, Norwegian energy group Equinor has estimated, and that does not include firms in Britain. Several European countries are providing billions of euros in support to power suppliers caught...
Norway on Track for Record Gas Export, Will Be Ready for Winter -Gassco CEO
Date: September 5, 2022
By Nora Buli STAVANGER, Norway (Reuters) – Norway’s gas export system is set to deliver record volumes of energy to Europe and is committed to sending large amounts in the coming years, the head of pipeline system operator Gassco told Reuters. The Nordic country has become Europe’s biggest supplier of gas this year, according to...