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€110m Austrian agri-producer scheme approved

Heather Trudeau
agricultural producers, energy prices, eu, fertilisers, Finance & Markets, invasion, Policy, raw materials, Russia, State Aid, Temporary Crisis Framework, Ukraine, war
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€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

Heather Trudeau
eEnergy, energy bills, energy costs, energy market, energy prices, Energy Procurement, energy suppliers, Finance & Markets, gas prices, gas supplier, Russia, Slough Borough Council, Top Stories, UK council, Ukraine, volatile energy market, war, wholesale energy market, wholesale energy prices
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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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Germany to examine Nord Stream gas turbine

Heather Trudeau
Chancellor, energy crisis, energy prices, Europe, Finance & Markets, gas supplier, gas supply, Gazprom, germany, Nord Stream, Olaf Scholz, Russia, Russian gas, Top Stories, Vladimir Putin
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Germany to examine Nord Stream gas turbine: The German Chancellor, Olaf Scholz, intends to stop in at the facility where the Nord Stream 1 gas turbine is stored following maintenance. The turbine has been the focus of a dispute between Russia and Europe regarding the announced indications of its arrival during Gazprom’s allegations in respect…
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Latvia’s response for Russia’s gas cutting

Heather Trudeau
energy crisis, energy crunch, energy industry, energy market, energy rationing, energy supply, Finance & Markets, gas flows, gas heating, gas supply, Gazprom, Klaipeda terminal, Latvia, roubles, Russia, Top Stories, Ukraine, war, winter
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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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Gazprom rebrand to SEFE Energy

Heather Trudeau
energy crisis, energy prices, energy retail, energy supplier, energy supply, Finance & Markets, gas pipeline, gas supplier, Gazprom, Gazprom Energy, Gazprom Marketing & Trading, Gazprom Marketing and Trading, germany, LNG, McDonald’s, NHS, Registrar of Companies, Russia, Security Energy for Europe, SEFE Energy Limited', Top Stories, Ukraine
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Gazprom rebrand to SEFE Energy The UK arm of Gazprom, a gas supplier for almost 20% of UK businesses, has changed its name. From now on, Gazprom Marketing & Trading (GM&T) will be named SEFE Energy – in the 1st days after the Russian invasion of Ukraine, many councils and NHS Trusts rushed to cut…
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EDF & Veolia condemned for keeping Russian ties

Heather Trudeau
EDF, energy company, energy crisis, energy customers, energy prices, Finance & Markets, France, gas prices, heating, Rosatom, Russia, sanctions, Top Stories, Ukraine, uranium, Veolia Group, Veolia UK, war, waste management, waste supply, water services
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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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Europe fights energy crisis by cutting gas

Heather Trudeau
energy crisis, Energy Minister, energy prices, European Commission, European Council, Finance & Markets, gas consumption, gas cuts, gas demand, gas flows, gas prices, gas use, Nord Stream, Russia, Top Stories, Ukraine, winter
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Europe fights energy crisis by cutting gas: European ministers have decided voluntarily to reduce their countries’ gas consumption by 15% from 1st August to 31st March 2023 in a effort to get ready for a complete disruption of Russian gas this winter. After Gazprom reported an additional decline in the gas flows via the Nord…
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Canada faces lawsuit in Nord Stream 1 turbine act

Heather Trudeau
Canada, Canadian Government, energy crisis, energy prices, Energy security, Finance & Markets, gas pipeline, gas shortage, gas supply, gas turbine, Nord Stream 1, Russia, sanctions, Siemens, Top Stories, Ukraine, Ukrainian World Congress, US Government, Vladimir Putin
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Canada faces lawsuit in Nord Stream 1 turbine act: A group in Ukraine has filed a lawsuit against Canada in response to the country’s choice to permit the return of a refurbished Nord Stream 1 turbine to Germany. The decision to grant the permit was not “reasonable, transparent, or properly authorised”, states the notice of…
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Oil prices to reach $380 a barrel if Russia cuts more off

Heather Trudeau
crude oil, economy, energy crisis, energy prices, Finance & Markets, fuel prices, G7, gas prices, Gazprom, JP Morgan Chase, oil prices, oil production, price cap, Russia, Top Stories, Ukraine, war
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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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Putin to take control of project owned partly by Shell

Heather Trudeau
energy crisis, energy prices, energy project, Finance & Markets, gas pipelines, gas prices, gas project, investment, LNG plant, Mitshubishi, Mitsui, oil and gas, oil export terminal, Russia, Sakhalin-2, Shell, Top Stories, Ukraine, Vladimir Putin, war
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Putin to take control of project owned partly by Shell: Vladimir Putin has signed a decree that will possibly allow Russia to take hold of an energy project owned by Gazprom, Shell as well as other foreign entities. The decree hands over the rights of the project to a new Russian business. At present, Shell…
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