TopCat
Putin fanboy
Russia cuts gas supplies to Netherlands and firms in Denmark and Germany
Gazprom turns off the taps after EU move to embargo most Russian oil imports and companies miss deadline to pay in roubles
Russia to stop gas supplies to Europe (1/4/22)
- Thread starter cupid_stunt
- Start date
Germany Slashes Summer Train Fares More Than 90 Percent to Curb Driving, Save Fuel
Pickman's model
Starry Wisdom
ah but germany has a halfway competent government and that sort of thing would never happen hereGermany Slashes Summer Train Fares More Than 90 Percent to Curb Driving, Save Fuel
not-bono-ever
meh
imagine of this happened here....
emanymton
A cat politely sat on the flaming gardener.
Trains are already overcrowded would just collapse the system.
planetgeli
There's no future in England's dreaming
"five people familiar with the matter said" 
RD2003
Got a really fucking shitty attitude
The Norwegian government has stepped in to end a strike that had threatened supplies of gas to Britain.
The labour dispute had shut down oil and gasfields and was expected to cut Norway’s gas supplies by almost 60% by the weekend.
Gassco, Oslo’s state-owned pipeline operator, had even warned that “in a worst-case scenario, deliveries to the UK could stop totally”.
Workers demanded a pay increase to handle rising inflation, which has been triggered in part by a jump in oil and gas prices since Russia’s invasion of Ukraine.
However, the Norwegian government has the power to intervene to end industrial disputes. The country’s labour minister, Marte Mjøs Persen, said: “When the conflict can have such great social consequences for the whole of Europe, I have no choice but to intervene in the conflict.”
Gas prices had soared in recent days as the strike action threatened to exacerbate the existing supply crunch, but their rally was halted on Wednesday after the announcement.
European nations have been scrambling to fill their gas storage sites before the winter for fear that Russia will cut off supplies altogether.
Britain sources about a third of its gas from Norway and the remainder from a combination of the North Sea, other parts of Europe and imports of liquefied natural gas from the rest of the world, including the US.
Germany is far more reliant on Russian gas and fears are growing over the knock-on effect of Russia reducing gas supplies. The key Nord Stream 1 gas pipeline from Russia into Germany is also scheduled for maintenance from 11 July to 21 July.
The labour dispute had shut down oil and gasfields and was expected to cut Norway’s gas supplies by almost 60% by the weekend.
Gassco, Oslo’s state-owned pipeline operator, had even warned that “in a worst-case scenario, deliveries to the UK could stop totally”.
Workers demanded a pay increase to handle rising inflation, which has been triggered in part by a jump in oil and gas prices since Russia’s invasion of Ukraine.
However, the Norwegian government has the power to intervene to end industrial disputes. The country’s labour minister, Marte Mjøs Persen, said: “When the conflict can have such great social consequences for the whole of Europe, I have no choice but to intervene in the conflict.”
Gas prices had soared in recent days as the strike action threatened to exacerbate the existing supply crunch, but their rally was halted on Wednesday after the announcement.
European nations have been scrambling to fill their gas storage sites before the winter for fear that Russia will cut off supplies altogether.
Britain sources about a third of its gas from Norway and the remainder from a combination of the North Sea, other parts of Europe and imports of liquefied natural gas from the rest of the world, including the US.
Germany is far more reliant on Russian gas and fears are growing over the knock-on effect of Russia reducing gas supplies. The key Nord Stream 1 gas pipeline from Russia into Germany is also scheduled for maintenance from 11 July to 21 July.
nogojones
spelling is overrated
What does "The Norwegian government has stepped in to end a strike" mean?
Have they forced arbitration? banned the strike? just paid up what the workers are owed? I skim read the article but couldn't see anything that stood out.
It's the perfect time to flex your industrial muscle if you work in gas.
RD2003
Got a really fucking shitty attitude
Yes, I wondered at the lack of detail.
nogojones
spelling is overrated
If they ban the strike I can't imagine the gas just flowing. Its dead easy to find, ignore or encourage problems that disrupt supply to the point that you may as well be on strike. With a strike at least the workers ain't on site fucking shit up.
RD2003
Got a really fucking shitty attitude
France is to renationalise its indebted electricity giant EDF in response to the energy crisis aggravated by Russia’s invasion of Ukraine, the country’s prime minister, Élisabeth Borne, has said.
“We must have full control over our electricity production and performance,” Borne told parliament in her first state-of-the-nation speech to parliament on Wednesday, as she tried to court opposition parties to avoid parliamentary deadlock.
“We must ensure our sovereignty in the face of the consequences of the war and the colossal challenges to come … That’s why I confirm to you the state’s intention to own 100% of EDF’s capital.”
The French state holds an 84% stake in EDF, one of the world’s biggest electricity producers, but the company is facing delays and budget overruns on new nuclear plants in France and Britain, and corrosion problems at some of its ageing reactors, which have heavily hit its shares price in recent months.
“We must have full control over our electricity production and performance,” Borne told parliament in her first state-of-the-nation speech to parliament on Wednesday, as she tried to court opposition parties to avoid parliamentary deadlock.
“We must ensure our sovereignty in the face of the consequences of the war and the colossal challenges to come … That’s why I confirm to you the state’s intention to own 100% of EDF’s capital.”
The French state holds an 84% stake in EDF, one of the world’s biggest electricity producers, but the company is facing delays and budget overruns on new nuclear plants in France and Britain, and corrosion problems at some of its ageing reactors, which have heavily hit its shares price in recent months.
Canada exempts Russian gas turbine from sanctions amid Europe energy crisis
Ottawa defies Ukraine’s objections to return of equipment for Nord Stream 1 pipeline, saying it needs to support Europe’s access to ‘reliable and affordable energy’
Russia's Gazprom says no sign of Nord Steam 1 turbine | DW | 16.07.2022
Russian energy giant Gazprom says it has asked German engineering firm Siemens for the return of a turbine that was being fixed in Canada. There are fears state-owned Gazprom could use the opportunity to cut off gas.
www.dw.com
West eases efforts to restrict Russian oil trading as inflation and energy risks mount
Plan to shut Moscow out of maritime insurance market delayed
FT. 31/07/2022 archive.ph
Plan to shut Moscow out of maritime insurance market delayed
FT. 31/07/2022 archive.ph
RD2003
Got a really fucking shitty attitude
Hungary says Russia has started delivering additional gas to the country following a July visit to Moscow by its foreign minister.
Hungary’s foreign ministry said on Saturday that trade negotiations with Moscow “led to an agreement”, resulting in Russia’s Gazprom starting to deliver “above the already contracted quantities” on Friday to the European Union member, Agence France-Press reported.
Ministry official Tamas Menczer said on his Facebook page:
Hungary’s foreign ministry said on Saturday that trade negotiations with Moscow “led to an agreement”, resulting in Russia’s Gazprom starting to deliver “above the already contracted quantities” on Friday to the European Union member, Agence France-Press reported.
Ministry official Tamas Menczer said on his Facebook page:
In the first phase, an additional volume of 2.6m cubic meters a day would arrive from the south through the TurkStream pipeline until the end of August, Menczer said, adding that negotiations were under way for September deliveries.
RD2003
Got a really fucking shitty attitude
Russia expects its average price for gas exports to more than double over the course of this year, according to economy ministry forecasts seen by Reuters.
The figures suggested that the average price charged by state-owned energy giant Gazprom in 2022 would be $730 (£605) per 1,000 cubic metres, up from $305 (£253) in 2021.
Based on those forecasts, the ministry expects Russia to earn $338bn (£280bn) and $256bn (£213bn) from its total energy exports this year and next, respectively, up from $244bn (£202bn) in 2021.
The forecast also said that, after this year, prices would gradually fall until the end of 2025.
The reduced supply of Russian gas to Europe since the invasion of Ukraine has seen prices surge. Gazprom has said supplies to China are increasing, but Europe remains by far the largest market for Russian gas.
The figures suggested that the average price charged by state-owned energy giant Gazprom in 2022 would be $730 (£605) per 1,000 cubic metres, up from $305 (£253) in 2021.
Based on those forecasts, the ministry expects Russia to earn $338bn (£280bn) and $256bn (£213bn) from its total energy exports this year and next, respectively, up from $244bn (£202bn) in 2021.
The forecast also said that, after this year, prices would gradually fall until the end of 2025.
The reduced supply of Russian gas to Europe since the invasion of Ukraine has seen prices surge. Gazprom has said supplies to China are increasing, but Europe remains by far the largest market for Russian gas.
not-bono-ever
meh
Gas Company owned mostly by Russia government issues higher energy prices opinion shocker
RD2003
Got a really fucking shitty attitude
'There is a risk' European support for Ukraine could fall amid energy crisis, German ambassador says
The German ambassador to the UK has acknowledged that there is a risk that public support for Ukraine could wane this winter as the energy crisis intensifies.Asked if Germany was worried that political support for Ukraine would decline amid tough conditions in winter, Miguel Berger said: “I think this is the same challenge here in the UK, for France, for all of Europe. The way Putin is using gas as a weapon and putting pressure on our societies – he wants to test our resolve. Obviously it will depend a lot on the relief packages of our governments.”
He said the German government has started early, giving grants to companies, direct payments to households, and discussions with trade unions and employers. But he acknowledged that “there is a risk” that support would wane.
gosub
~#
Climate change: Russia burns off gas as Europe's energy bills rocket
As Europe's energy costs skyrocket, Russia is burning off large amounts of natural gas, according to analysis shared with BBC News.
They say the plant, near the border with Finland, is burning an estimated $10m (£8.4m) worth of gas every day.
Experts say the gas would previously have been exported to Germany.
Climate change: Russia burns off gas as Europe's energy bills rocket
As Europe's energy costs skyrocket, Russia is burning off large amounts of natural gas, according to analysis shared with BBC News.
They say the plant, near the border with Finland, is burning an estimated $10m (£8.4m) worth of gas every day.
Experts say the gas would previously have been exported to Germany.
RD2003
Got a really fucking shitty attitude
Troubles mount...
The Czech presidency “will convene an urgent meeting of energy ministers to discuss specific emergency measures to address the energy situation,” its prime minister, Petr Fiala, announced.
The Czech Republic currently holds the presidency of the European Council. The country’s minister of industry and trade, Jozef Síkela, earlier tweeted:
EU to convene ‘urgent’ talks over 'energy war' with Russia
EU energy ministers will gather for an urgent meeting as soon as possible to discuss the current energy crisis following Russia’s invasion of Ukraine, the Czech prime minister said.The Czech presidency “will convene an urgent meeting of energy ministers to discuss specific emergency measures to address the energy situation,” its prime minister, Petr Fiala, announced.
The Czech Republic currently holds the presidency of the European Council. The country’s minister of industry and trade, Jozef Síkela, earlier tweeted:
RD2003
Got a really fucking shitty attitude
With energy prices continuing to skyrocket across Europe, the Austrian chancellor, Karl Nehammer, today called on the EU to separate electricity prices from those of gas to keep them from rising further due to the war in Ukraine, saying “we can’t let Putin decide every day” the price of energy, Agence France-Presse is reporting.
“Electricity prices must go down,” he said in a statement. “We have to stop this madness that is happening right now on energy markets.”
Nehammer said he would raise the issue at an emergency meeting the bloc is due to hold on the issue. He said he has already discussed it with the leaders of Germany and the Czech Republic, which currently holds the EU’s rotating presidency.
Last week, the year-ahead contract for German electricity reached €995 ($995) a MWh while the French equivalent surged past €1,100 – more than a tenfold increase in both countries from last year.
In the UK, the Ofcom energy regulator said it would increase the electricity and gas price cap almost twofold from 1 October to an average of £3,549 a year.
“Electricity prices must go down,” he said in a statement. “We have to stop this madness that is happening right now on energy markets.”
Nehammer said he would raise the issue at an emergency meeting the bloc is due to hold on the issue. He said he has already discussed it with the leaders of Germany and the Czech Republic, which currently holds the EU’s rotating presidency.
Last week, the year-ahead contract for German electricity reached €995 ($995) a MWh while the French equivalent surged past €1,100 – more than a tenfold increase in both countries from last year.
In the UK, the Ofcom energy regulator said it would increase the electricity and gas price cap almost twofold from 1 October to an average of £3,549 a year.
TopCat
Putin fanboy
Belgian Energy Minister Tinne Van der Straeten wrote on Twitter that gas prices in Europe needed to be frozen urgently, adding that the link between gas and electricity prices was artificial and needed to be reformed.
"The next five to ten winters will be terrible if we don't do anything," she said. "We must act at source, at European level, and work to freeze gas prices."
How would gas prices be frozen? Invade and occupy Russian gas fields? Does not seem likely. How else would this happen, to freeze gas prices?
"The next five to ten winters will be terrible if we don't do anything," she said. "We must act at source, at European level, and work to freeze gas prices."
How would gas prices be frozen? Invade and occupy Russian gas fields? Does not seem likely. How else would this happen, to freeze gas prices?
EU faces awful winters without gas cap - minister
Calls mount for an EU-wide cap on the price of gas and for it not to dictate the price of electricity.
www.bbc.co.uk
Cid
Proper break this time
Belgian Energy Minister Tinne Van der Straeten wrote on Twitter that gas prices in Europe needed to be frozen urgently, adding that the link between gas and electricity prices was artificial and needed to be reformed.
"The next five to ten winters will be terrible if we don't do anything," she said. "We must act at source, at European level, and work to freeze gas prices."
How would gas prices be frozen? Invade and occupy Russian gas fields? Does not seem likely. How else would this happen, to freeze gas prices?
EU faces awful winters without gas cap - minister
Calls mount for an EU-wide cap on the price of gas and for it not to dictate the price of electricity.www.bbc.co.uk
Commodities market regulation I guess... As I understand it (limitedly) the price has more to do with commodity traders taking the opportunity to make serious bank than it does with the actual shortage in supply. As usual bit of a case of 'oh now the capitalism is bad'.
Pickman's model
Starry Wisdom
prices can be frozen - they were controlled in the war, for example see eg https://scholarship.law.duke.edu/cgi/viewcontent.cgi?article=2125&context=lcpBelgian Energy Minister Tinne Van der Straeten wrote on Twitter that gas prices in Europe needed to be frozen urgently, adding that the link between gas and electricity prices was artificial and needed to be reformed.
"The next five to ten winters will be terrible if we don't do anything," she said. "We must act at source, at European level, and work to freeze gas prices."
How would gas prices be frozen? Invade and occupy Russian gas fields? Does not seem likely. How else would this happen, to freeze gas prices?
EU faces awful winters without gas cap - minister
Calls mount for an EU-wide cap on the price of gas and for it not to dictate the price of electricity.www.bbc.co.uk
bcuster
Well-Known Member
Germany may be regretting its lack of aid to Ukraine with ground forces. They may've had had good reason to:
www.reuters.com
German economy minister says 'bitter reality' is Russia will not resume gas supply
Germany faces the "bitter reality" that Russia will not restore gas supplies to the country, the German economy minister said on Monday, ahead of planned halt by state energy giant Gazprom of exports to Europe via the Nord Stream 1 pipeline.
www.reuters.com
TopCat
Putin fanboy
You think Germany should have sent troops?Germany may be regretting its lack of aid to Ukraine with ground forces. They may've had had good reason to:
German economy minister says 'bitter reality' is Russia will not resume gas supply
Germany faces the "bitter reality" that Russia will not restore gas supplies to the country, the German economy minister said on Monday, ahead of planned halt by state energy giant Gazprom of exports to Europe via the Nord Stream 1 pipeline.
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