EC President: Delay on Gas Price Cap is Unacceptable
Charles Michel is growing increasingly impatient with Ursula von der Leyen’s failure to come up with measures to blunt the pain of high energy costs inflicted on EU citizens and companies.
Charles Michel is growing increasingly impatient with Ursula von der Leyen’s failure to come up with measures to blunt the pain of high energy costs inflicted on EU citizens and companies.
“It is quite possible that disaster relief will be needed within the EU,” EU Commissioner for Crisis Management Janez Lenarčič (EPP) warned.
A total of three leaks in the Nord Stream 1 and 2 pipelines have been discovered within 24 hours, leading investigators to suspect sabotage. Officials’ two main theories are that either Ukraine or Russia is responsible for the leaks.
Confronted on the EU’s stance towards the Azerbaijani aggression against Armenia, the EU Commission released a statement confirming the gas partnership with Azerbaijan.
A leaked draft EU law envisioning a mandatory 5% cut in electricity use during peak price hours proved controversial.
Heating one’s home and water to more than 19°C and 60°C, respectively, may result in daily fines of up to 3,000 Swiss Francs and prison sentences up to three years.
As a result of the gas-intensive drying process of the toilet paper industry, the German company Hakle has now filed for bankruptcy.
Citing environmentalist opposition, French President Macron stated that MidCat “will not solve the European gas problem.”
Gazprom’s purported technical issues mark the latest episode in what is fast becoming a long-running series of similar events—Gazprom has regularly invoked such issues as the reason for reducing gas flows into Germany and the rest of Europe.
In the first six month of this year, Gazprom—despite its gas imports to Europe having dropped by 35%—posted a record-breaking net profit of 41.7 billion euros.