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German giant no longer wants feet of gas
The evolving energy crisis in Europe – brought about in large part by the need to introduce tough sanctions against Russia, which has unleashed war in Ukraine – is beginning to acquire a more persistent nature. Moreover, this is having extremely negative long-term consequences – first and foremost for Germany, Europe’s largest economy.
Germany Serious about its First LNG Terminal Government insists a liquefied natural gas terminal on Germany’s North Sea coast will help reduce its reliance on Russian gas – in a few years’ time
Former German Chancellor Angela Merkel has called the Russia–Ukraine war that flared up at the end of February “a profound turning point in the history of Europe.” This is largely linked to the fact that the conflict has triggered a swift U-turn in the energy policy of Germany, which had been building close and interdependent relations with Russia in the energy supply field for several decades. It appears that Germany is ready to bid goodbye to Russian piped gas and replace it with liquefied gas (LNG) from overseas by building its own LNG infrastructure.
Geoeconomic dances around Iran – Pro and Contra
Renewed discussion of removing sanctions from Iran’s oil industry is becoming one of the most important issues on the current agenda. The subject reflects a strategy whereby the United States and the EU are looking for solutions to the problem of an oil shortage in the here and now: they are under time pressure given the possibility of a full-scale oil embargo against Russia.
Russia is halfway to losing the European energy market
The military conflict in Ukraine that began in February and the extensive sanctions against Russia that have been introduced following this have led to a volte-face in the European Union’s energy policy. Under pressure from both external partners and its internal political elite, the EU has declared that it is prepared to abandon Russian gas, oil and coal completely by 2027.
While the world fears for the fate of Ukraine China is making deals
It is no exaggeration to say that the start of Russia’s military action in Ukraine and the ensuing sanctions against Russia have brought about a tectonic shift in the global economy, in which trade relations and links that have existed for decades risk being severed. One of the areas most affected by the crisis is energy.
Can Spain Ease the EU’s Gas Pain?
The conflict that flared up at the end of February between Russia and Ukraine has been a massive shock to the entire political landscape of the European Union. Its seismic waves are continuing to reverberate in all its economies’ markets and industries.
Something Blue – What Norway Can Offer Europe in the Face of New Energy Crisis
With the warmer months when gas storage facilities are usually filled for the next winter approaching, Europe is struggling to find ways to replace Russian gas with potential alternatives. Attention is naturally turning to Norway, the second largest gas supplier to the continent.
SOARING GAS PRICES: WHO IS TO BLAME?
Spot prices for gas in Europe reached a historical high on 21 December 2021, exceeding $2,000 per thousand cubic metres […]
UNITED STATES NOT AVERSE TO TESTING NUCLEAR TECHNOLOGY IN THE EU
The situation in the European energy market is extremely complex and multi-layered in nature. On the one hand, there is […]
New German government puts Nord Stream 2 on pause
The situation that has developed around Nord Stream 2 in recent months has become so confused that one almost wonders […]
Brussels’ Arctic Initiative Hits Drilling and Ricochets against Scandinavian Allies
The European Union’s new Arctic strategy, published in October 2021, contains the statement that “the EU is committed to ensuring […]