energy-market
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UK Gas Producers Boost Domestic Output by 26% in First Half of 2022
Date: August 24, 2022
By Sachin Ravikumar LONDON (Reuters) – Gas production in the United Kingdom rose 26% in the first half of this year compared to the same period last year, an industry body said on Wednesday, as Britain cuts Russian energy imports in response to Moscow’s invasion of Ukraine. The 3.5 billion cubic metres increase in locally-produced...
Exclusive-Norway Eyes High Gas Output Until 2030, Says Energy Minister
Date: August 23, 2022
By Nora Buli and Nerijus Adomaitis OSLO (Reuters) – Norway plans to maintain its current high gas production level until the end of the decade as Europe plans to ditch Russian imports over Moscow’s invasion of Ukraine, its energy minister said on Tuesday. “I expect that we can maintain the production levels we are at...
German Gas Import Costs Surge 153% in First Half as Imports Drop 24%
Date: August 19, 2022
FRANKFURT (Reuters) – German natural gas import costs rose by 153% in the first six months of 2022 from a year earlier, even though imports were down by 24.3%, official data showed on Thursday. Europe’s biggest economy mainly imports gas from Russia, Norway, the Netherlands, Britain and Denmark, but has turned more to liquefied natural...
German Gas Storage Levy Adds to Energy Consumers’ Woes
Date: August 18, 2022
By Vera Eckert BERLIN (Reuters) -A charge to fund gas imports into Germany to boost national stocks has been set at 0.59 euro per megawatt hour (MWh), gas market operator Trading Hub Europe said on Thursday, feeding into a sharp rise in consumer energy costs. The gas storage levy, set to kick in from Oct....
Britain to Receive Rare Lng Cargo From Australia, Oman
Date: August 18, 2022
By Marwa Rashad LONDON (Reuters) -Britain is set to receive a rare shipment of liquefied natural gas (LNG) sourced from Australia and Oman later this month, as countries across Europe strive to secure enough supplies ahead of winter. European nations are seeking to diversify energy supplies following Russia’s invasion of Ukraine and a sharp drop...
Germany to Lower Sales Tax on Gas to 7% in Bid to Relieve Consumers
Date: August 18, 2022
BERLIN (Reuters) – Germany will lower the sales tax on gas to 7% in an effort to cushion the blow of additional charges being placed on consumers to ensure energy companies can afford increasingly expensive supplies, said Chancellor Olaf Scholz on Thursday. The reduced tax rate will apply as long as the levy is charged,...