Hungarian Foreign Minister in Moscow
Péter Szijjártó is above all pragmatic. His visit comes on the heels of the EU’s decision to cut Russian gas supplies by 15%.
Péter Szijjártó is above all pragmatic. His visit comes on the heels of the EU’s decision to cut Russian gas supplies by 15%.
At their July 26th meeting, energy ministers rejected the Commission’s initial plan for emergency powers but committed to reducing gas usage by 15% between 1 August 2022 and 31 March 2023—at least they did in theory.
Germany’s excessive energy dependence on Russia is not the outcome of a natural process, but rather the consequence of policies that have been irresponsibly made and artificially imposed.
The flagship measure is a ban on Russian gold imports, to align EU sanctions with those of the G7, which decided to sanction Russian gold last month.
Le Pen highlighted the absurdity of Europeans purchasing oil and gas from India, which itself purchased them from Russia.
Frans Timmermans, the executive vice-president of the European Commission, said that making people suffer this winter in order to stay on track with the energy transition would ultimately be disastrous for solving ‘the climate crisis.’
The EU Commission did not initially propose a block-wide policy, but two months later, both the commission and the new Czechia presidency are ready to consider options for an EU-wide windfall tax strategy.
OPEC’s Secretary General, without executive power in the strict sense, usually plays a decisive diplomatic role in facilitating discussions between producer countries with often divergent interests.
A fire in one of America’s largest LNG export terminals has caused European gas prices to rise even further. The reduced export capacity adds to the pressure of securing enough gas reserves to last the winter.
While the struggle to gain independence of Russian gas is causing European environmentalists to compromise their transformation process to renewable energies, China just launched its first dual-fuel hybrid tanker.
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