Tag: gas

Pakistan: Paying the Price for Our Indulgences

With Pakistan close to economic collapse, fears of a situation similar to Sri Lanka are growing. But due to the ‘butterfly effect,’ European energy politics have contributed greatly to this chaos.

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%.

EU Countries Deny Commission Gas Rationing Powers

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.

EU Gas Rationing Proposal Likely to Burn Up

From Madrid, Spain’s Ecological Transition Minister Teresa Ribera rejected Brussels’ plan as “not the most effective, nor the most efficient, nor the fairest.”

Germany Greenlights Uniper Bailout

According to multiple sources, the Uniper bailout will not prevent a rise in energy prices, specifically on natural gas.

EU Commission to Propose 15% Gas Reduction

The Commission wants to make member states save gas and then be able to redistribute the block’s overall supply as a response to the possibility of Russia cutting off Europe’s gas supplies.

Gas Deliveries Via Nord Stream 1 Resumed

After 10 days of being shut down due to scheduled maintenance, gas deliveries from Russia to Germany have resumed via the Nord Stream 1 pipeline, albeit only at 30% capacity. While operators claim full capacity will be reached at some point, German politicians are far from relieved.