Tag: natural gas

Gazprom will shut down another turbine at Nord Stream 1
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Gazprom will shut down another turbine at Nord Stream 1

Russian gas giant Gazprom will shut down another turbine of the Nord Stream 1 pipeline for maintenance on Wednesday 27 July.

German government will take a 30% stake in Uniper

This is done to prevent the company from going bankrupt. At the same time, Uniper received a large financial injection.
Russia makes a big deal with Iran
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Russia makes a big deal with Iran

Russia and Iran have agreed on investments worth billions of dollars. Gazprom will help develop oil and gas fields in Iran.
Stopping gas supplies could reduce European GDP
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Stopping gas supplies could reduce European GDP

If Russia were to cut off its gas supplies to Europe, Europe's GDP could fall by up to 1.5%, according to the European Commission.
Russian gas hit by force majeure
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Russian gas hit by force majeure

Germany's Uniper, the largest importer of Russian gas, has received a force majeure notice from Russian gas company Gazprom.
Canada sends debated turbine for Nord Stream 1
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Canada sends debated turbine for Nord Stream 1

Canada has shipped the turbine needed for the Nord Stream 1 pipeline after repairs. It should arrive in Russia within 7 days.
France expects to be without Russian gas
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France expects to be without Russian gas

The French finance minister considers a complete interruption of Russian gas supplies to be the most likely scenario.
Nuclear and gas classified as green investments in Europe
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Nuclear and gas classified as green investments in Europe

The EP supports the temporary inclusion of nuclear and gas as green investments. The aim is to support energies replacing oil and coal.
Norway strike could cut oil output by 15%
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Norway strike could cut oil output by 15%

Workers on offshore oil and gas platforms have launched a strike, which the union says is expected to escalate over time.
Uniper shares weaken significantly after negative news
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Uniper shares weaken significantly after negative news

German gas giant Uniper SE is reportedly in talks with the government over a possible rescue package of up to 9 billion euros ($9.4 billion).
German gas credit line may not be enough
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German gas credit line may not be enough

Germany has provided 15 billion euros to buy gas for its reservoirs, but the head of Germany's energy authority warns that may not be enough.
Australia is experiencing an energy crisis
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Australia is experiencing an energy crisis

Australia is a large global exporter. But now, thanks to electricity supply problems, the country is facing energy insecurity.