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Germany, Netherlands set out red lines on EU gas price cap
Six European Union countries, including Germany and the Netherlands, have warned that they cannot accept other member states' attempts to lower further the level at which the bloc will cap gas prices, according to an email seen by Reuters.
read more... 09/12/2022
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EU vows to protect energy network after 'sabotage' of Russian gas pipeline
The European Union on Wednesday promised a "robust" response to any intentional disruption of its energy infrastructure after saying it suspected sabotage was behind gas leaks discovered this week on subsea Russian pipelines to Europe.
read more... 30/09/2022
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Germany to provide 15 billion-euro credit line to fill gas storage
Germany will provide an additional 15 billion euros ($15.8 billion) in credit lines for the purchase of gas to replenish storage facilities, news agency dpa reported on Sunday, citing a paper by the Economy Ministry.
read more... 21/06/2022
Daily (02.06.2022): Crude oil prices dipped on Wednesday, as Saudi Arabia is ready to increase its oil production
Crude oil prices dipped on Wednesday, as Saudi Arabia declared it is prepared to increase its oil production if Russia's supply declines significantly because of western sanctions. Brent crude fell by 5.3% to settle at $116.29 per barrel as a result
read more... 02/06/2022
German government agrees on law to speed up LNG terminal construction
The German government has submitted a legislative proposal to speed up the permitting process and construction of onshore and floating liquified natural gas (LNG) terminals, as well as the necessary pipelines to connect them to the grid.
read more... 12/05/2022