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High gas prices deter Italian storage injections – analysts
Spiralling spot gas prices currently above levels for those next winter are deterring storage injections at Italian sites and delaying the replenishment of inventories, analysts told Montel this week.
read more... 14/04/2022
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German economic institutes see sharp recession if Russian gas cut off
Germany would face a sharp recession if gas supplies from Russia are suddenly cut off, the country’s leading economic institutes said on Wednesday, and the government said the war in Ukraine poses “substantial risks” for Europe’s largest economy.
read more... 14/04/2022
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EU forms team to start jointly buying non-Russian gas
The European Union has launched a platform for European Union countries to jointly buy gas and liquefied natural gas as they seek to cut reliance on Russian fuels and build a buffer against supply shocks.
read more... 11/04/2022
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Cost of gas storage refill will be evenly spread
Austria, the Netherlands and Hungary have flagged concerns about EU plans to ensure the bloc’s gas storage is at least 80% full by 1 November, warning they would bear a disproportionate amount of the cost.
read more... 07/04/2022
Southeast Europe can wean itself off Russian gas
Romania and Bulgaria, southeastern Europe’s largest energy consumers after Greece, plan to cut their reliance on Russian gas by 2024, but Moscow's presence in the region could slow down developments for investments, experts said.
read more... 06/04/2022