Germany slaps levy on households to spread pain of gas surge
German households face additional annual costs of about 500 euros ($510) to pay for natural gas as the government spreads the burden of Russia’s squeeze on energy flows to Europe.
russian gas supplies
UK’s lucky gas glut about to run out as winter approaches
Britain’s relative immunity to natural-gas supply cuts from Russia may be about to run out.
Energy price cap to be updated quarterly ahead of ‘challenging winter’
Ofgem has confirmed that the energy price cap will be updated quarterly, rather than every six months, as it warned that customers face a "very challenging winter ahead".
Putin’s war throws crucial EU vote on ‘green’ gas into doubt
European lawmakers are under pressure from Ukraine to block plans to treat gas as a green asset, plunging into serious doubt an EU Parliament vote that not long ago seemed set to endorse the proposal.
Mitsui & Co. profit hits record, to stay involved in Russian gas
Japanese trading giant Mitsui & Co. nearly tripled its full-year profit to an all-time high on soaring energy and commodity prices, and said the company will keep its involvement in liquefied natural gas projects in Russia.
Shell CEO pledges to ‘do whatever we can’ to supply Europe as Russia-Ukraine conflict intensifies
As fears of a Russian invasion of Ukraine intensify, Shell has pledged to act to try to ensure Europe’s energy crisis does not worsen.
The global gas market challenge
It is fair to say that uncertainty over levels of future gas demand is at the highest in decades.