EurOil - Europe Oil & Gas
Slovenia sets limit to gas prices amid crisis
Czechia reduces its dependence on Russia by securing gas capacity via Dutch LNG terminal
Italy arranges to import more gas from Algeria
Algeria has now surpassed Russia as the largest supplier of gas to the Italian market, but Europe is still a long way away from replacing Gazprom.
Petrol’s rating put on CreditWatch Negative by S&P
Nord Stream back up and running, but flow remains low
Russia’s Nord Stream 1 pipeline has finished its annual maintenance period on time and is now back in operation, triggering a modest drop in gas prices. But like before the downtime, the pipeline is running at well under its full capacity.
Markets await word on whether Putin will agree non-dollar payments from Turkey for energy supplies
German industry warns little gas use left to cut
Bulgaria's Overgas pens MoU for US LNG
EurOil: Uniper seeks $2bn boost in credit line
EU draws up gas reduction plans on fears of a Russian gas embargo
The European Commission has drawn up a plan detailing a rationing mechanism and rules to pass price increases on to consumers that can be imposed should Russia cut Europe off from gas deliveries.
Uniper seeks $2bn boost in credit line
Russian gas cut-off could see some European countries' growth fall by 6%, says IMF
If Russia cuts off its gas deliveries to Europe then the most exposed countries could see their economies contract by up to 6%, the International Monetary Fund said in its blog on July 19.
Russian business is turning to new markets – Europe must do the same
Russian companies have been nimble in re-directing trade flows from Europe towards developing countries. If Europe plans to continue giving Russia the cold shoulder, European companies must also learn to look elsewhere to cover the trade shortfall.
IEA warns of "long, hard winter for Europe
Gazprom declares force majeure on supply contract
MOL will start dividend payments next week
IEA chief warns Europe its gas efforts won’t be enough even as Brussels inks deal with Azerbaijan
Immediate efforts to cut demand vital, says Fatih Birol, as prospect of EU running out of gas reserves in winter looms.
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