The Federal Energy Regulatory Commission has come to the aid of the Biden administration to prevent the construction of critical energy infrastructure. President Biden is now poised to impose a Democratic supermajority on this historically bipartisan commission, with the likely consequence that Americans and our European allies will face catastrophic energy shortages this winter and … Read more
Europe is spending hundreds of billions of euros to wean itself off Russian natural gas, but there is one corner of the energy market where the continent is struggling to kick the habit. While supplies of Russian pipeline gas, which made up the bulk of Europe’s gas imports before the Ukraine war, are down to … Read more
BRUSSELS – European Union leaders are meeting for the second time this month to tackle the pressing issue of how to deal with high energy prices as a result of Russia’s invasion of Ukraine and the resulting economic war between Moscow and the West. EU leaders, along with the US, Britain and other free market … Read more
Power producers in New England are bracing for potential strain on the grid this winter as a surge in demand for natural gas overseas threatens to reduce the supplies they need to generate electricity. New England, which relies on natural gas imports to bridge the winter supply gap, is now competing with European countries for … Read more
Natural gas prices in Europe fell as traders braced for a European Commission proposal to put a price cap on wholesale markets if the energy crisis turns into an emergency. The proposed cap on the continent’s benchmark gas contract would be a last-ditch measure to soften the blow for consumers and businesses if gas prices … Read more
BERLIN – The Danish island of Bornholm suffered a blackout on Monday, local electricity providers said, amid growing calls for tougher security measures to protect Europe’s critical infrastructure. The incident comes after a large-scale act of sabotage brought train traffic to a standstill in northern Germany on Saturday and just days after powerful underwater explosions … Read more
Some emerging Asian countries are cutting liquefied natural gas imports as competition, especially from Europe, grows for the fuel. Asia is still expected to drive global demand for LNG, but Russia’s shutdown of most pipeline gas to Europe has spurred the continent to increase LNG imports. Intense competition for cargoes has pushed Asian benchmark prices … Read more
Since Vladimir Putin’s invasion of Ukraine, Europe has feared that the Russian leader could use his grip on global energy supplies to further his war aims. The sabotage of the Nord Stream gas pipelines in the Baltic Sea last week only exacerbated these concerns. Although Mr Putin has not claimed responsibility for the attack, the … Read more
NATO said a series of leaks on the Nord Stream pipelines between Russia and Europe were the result of acts of sabotage and that attacks on its members’ infrastructure would be met with a collective response from the military alliance. The statement by the North Atlantic Council, the decision-making body of the North Atlantic Treaty … Read more
The European Union on Wednesday threatened retaliation for any further attacks on Europe’s energy facilities following the incidents on the Nord Stream and Nord Stream 2 pipelines. The pipes suffered a significant drop in pressure on Monday and began leaking gas into the sea. Although the incidents do not affect Europe’s gas supply because the … Read more