Tag: gas

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.

Germany Preparing Warming Halls for Winter

With gas supplies far from secured, Germany is starting to prepare for the worst the coming winter: “We’re planning for things we hope won’t become a reality. For catastrophe, for death,” said a district fire chief in Ludwigsburg.

German Gas Importer Faces Insolvency

Germany’s largest gas importer, Uniper, has now asked for financial aid from the state, but a nationalization might bear political risks for the Greens due to ongoing lawsuits against the closure of coal plants.