Prices jumped Monday as jittery traders responded to an unexpected cutoff in supply. Europe’s gas market has been jolted out of its slumber. An outage in key supplier Norway sent prices up Monday by the most this year, and uncertainty over the duration of repairs has traders on edge. AContinue Reading
The bombing of the Nord Stream underwater gas pipelines in the Baltic Sea was a covert operation ordered by the White House and carried out by the CIA, a report by a veteran investigative journalist claims. Seymour Hersh, a Pulitzer Prize-winning reporter, has claimed that US deep-sea divers, using aContinue Reading
It seems like the perfect storm for Europe’s energy security as winter is fast approaching and energy prices are rising. Having turned away from Russia as a gas provider, the European Commission has begun negotiating with Norway. A deal for long-term energy cooperation will be discussed during the EU energyContinue Reading
STAVANGER, Norway — With natural gas scarce and pipelines in peril, Europe has rarely neededNorway more. Or resented it as much. More than seven months into the war in Ukraine, the Scandinavian country is increasingly central to Europe’s energy security. Norway, not Russia, is now the European Union’s leading naturalContinue Reading
Skyrocketing energy prices and the consequences of the invasion of Ukraine are encouraging some global leaders to expand hydrocarbon production in the Arctic. If this goes ahead, it would be a disaster. The Arctic is warming faster than any other region on Earth. But even as climate change threatens its uniqueContinue Reading
European leaders have agreed to tighten the existing sanctions against Russia after war in Ukraine, Lithuanian President Gitanas Nauseda says, adding, however, that some EU member states are not yet ready to stop imports of Russian resources. “Yes, we have to admit that some countries are not yet ready toContinue Reading
The influence of the price of natural gas on consumption may be evaluated after some time, says gas transmission system operator Gaso chairman of the board Ilze Pētersone-Godmane. She said currently there is information both about multiple legal persons considering restricting production and how residents are trying to save moneyContinue Reading
As of Wednesday morning, the price per liter of 95 gasoline in major fueling stations rose to €1.599, which is an all-time record. Fueling chains say there are many reasons for the price inflation. Neste marketing and communication manager Risto Sülluste told ERR that the main reasons for the increaseContinue Reading
Gas prices across Estonia were a few cents cheaper on Monday morning after Estonia’s biggest fuel retailers reacted to the fall of global oil prices last week. The price of Premium 98 is now €1.597 per liter at most gas stations and €1.547 for Premium 95. The price of a liter of dieselContinue Reading
The Finnish Climate Change Panel is calling for a 1.5-billion-euro green recovery package that it says would boost employment while cutting greenhouse gas emissions. The stimulus package would direct funding at projects such as constructing deep geothermal pump systems, overhauling building heating systems and advancing electric transport. The panel arguesContinue Reading