€110m Austrian agri-producer scheme approved

€110m Austrian agri-producer scheme approved: The European Commission has passed a €110 million (£92,7m) Austrian scheme to help essential agricultural producers impacted particularly hard by soaring energy prices considering Russia’s invasion of Ukraine. It has been approved for the scheme under the state aid Temporary Crisis Framework, understanding that the EU economy is going through…
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Gas & electicity for the next 8 months bought by council

Gas & electicity for the next 8 months bought by council Slough Borough Council in the South East of England will buy 100% of its estimated energy consumtion until March 2023 in advance. Previously this year, the local authority could see its energy bills soar by an additional £3m as a result of the rising…
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Latvia’s response for Russia’s gas cutting

Latvia’s response for Russia’s gas cutting Latvian officials have reassured homes & businesses that there will be no major interruption to energy security after Russia’s choice to wipe out gas supplies to the country. “Today, Gazprom stopped its gas supplies to Latvia specified in the July request due to a violation of the conditions established…
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EDF & Veolia condemned for keeping Russian ties

EDF & Veolia condemned for keeping Russian ties: Energy company EDF and waste, energy and water services firm Veolia have encountered criticism for maintaining various contracts with Russia. Environmental group Greenpeace has pushed for EDF to cut the contractual connections to Russian state-owned firm Rosatom. Reports believe the contract with the Russian nuclear power giant…
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EU to face gas supply disturbance in winter says IEA

EU to face gas supply disturbance in winter says IEA If a complete Russian cut-off were to happen, EU will possibly be hit by supply disruptions from October even if countries manage to fill up their gas storage facilities in the coming days. The worrying estimation comes from a report written by the International Energy…
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Protest against Uniper in Dusseldorf

Protest against Uniper in Dusseldorf: On Thursday, 14 July 2022 at 12:30 am, a rally will be held in Dusseldorf near the Uniper office (Franziusstraße 12, 40219 Düsseldorf), to protest the company’s role in funding Russia’s attempts to kill Ukrainians and destroy Ukraine. Uniper is a key buyer of Russian gas and coal. And despite…
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Additional £5M package to Ukrainian energy sector

Additional £5M package to Ukrainian energy sector The government has announced a £5 million support package to bring security & safety equipment to Ukraine’s civil nuclear sector. Items considered to be high priority, including radiation monitoring devices, communications systems and other personal defensive equipment will be given to the war torn country. The equipment is…
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Nord Stream turbines disappoints Ukraine

Nord Stream turbines disappoints Ukraine Ukraine’s officials have stated that they are “deeply disappointed” with the choice from the government of Canada to grant the return to Germany of the Nord Stream One turbines stream fixed by Siemens. A couple of days ago, Gazprom disclosed it cut the gas capacity of the Nord Stream One…
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Sectors may face serious energy-related cost issues?

Sectors may face serious energy-related cost issues? Sectors with big exposure to energy or fuel costs could face significant price strains in terms of the cash needed to cover the repayment of debts. That’s due to the latest analysis by the Bank of England which implies that the manufacturing and transport sectors could be hit…
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Oil prices to reach $380 a barrel if Russia cuts more off

Oil prices to reach $380 a barrel if Russia cuts more off: Experts have cautioned that oil prices could soar to ‘stratospheric’ levels because of sanctions imposed by Western countries. If Russia responds to sanctions with reductions in crude oil output, the authors of a current report by JP Morgan Chase forecast that worldwide oil…
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