It was one of a series of measures announced by Germany’s economy minister, as Europe takes steps to deal with reduced energy supplies from Russia.
Tag: Natural Gas
As European Leaders Visit Kyiv, Putin Cuts Their Gas Supply
At a critical moment in the war, Russia is strategically reducing gas flows to drive up prices and hurt European economies already reeling from high inflation.
Russia’s Oil Revenue Soars Despite Sanctions, Study Finds
Rising oil prices more than offset a decline in export volumes during the first 100 days of the assault on Ukraine.
Europe’s Russian Oil Ban Could Overhaul Global Energy Market
The effort could hurt Russia but could also help drive up already high oil prices, hurting the global economy and enriching energy companies.
The War in Ukraine Could Empower Qatar
As the United States and Europe seek to deprive Russia of its oil and gas income, their leaders hope Qatar can help fill the void.
Biden Administration Cancels Oil Drilling Sales in Alaska and Gulf of Mexico
Republicans link the move to rising gas prices while the administration said it was a result of conflicting legal opinions and a lack of interest among bidders.
Europe’s Quest to Replace Russian Gas Faces Plenty of Hurdles
Climate concerns, investor reticence and political disputes complicate a shift to supplies from the United States, North Africa and the Mediterranean.
Why Americans Became More Vulnerable to Oil Price Spikes
When prices soared years ago, Americans launched broad efforts to wean the nation off oil and gas to protect households from price swings. But then supply rose and plans fizzled.
Can Japan Keep the Lights On? The Ukraine War Upends a Big Energy Bet.
The world’s third-largest economy has counted on imported liquefied natural gas as it shuts coal-fired plants and keeps nuclear sites closed. But Russia’s invasion has pushed prices sharply higher.