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Brussels approves German state takeover of gas giant Uniper
The European Commission on Tuesday (20 December) conditionally approved the nationalisation of troubled German gas giant Uniper after it was pushed to the brink of collapse following Russia’s invasion of Ukraine.
read more... 21/12/2022
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EU countries agree gas price cap to contain energy crisis
European Union energy ministers on Monday agreed a gas price cap, after weeks of talks on the emergency measure that has split opinion across the bloc as it seeks to tame the energy crisis.
read more... 20/12/2022
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ICE warns it could relocate gas trading out of EU if bloc caps price
The Intercontinental Exchange has warned it will consider relocating its gas trading hub to outside of the European Union, if Brussels agrees a plan to cap gas prices.
read more... 16/12/2022
Energy ministers fail to agree on EU gas price cap, aim for deal on 19 December
EU energy ministers failed to reach agreement on Tuesday (13 December) on a new cap to limit excessive gas prices, further delaying other emergency measures to tackle the energy crisis, like speeding up the rollout of renewables and strengthening solidarity between EU countries.
read more... 14/12/2022
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EU could face gas shortage next year
The European Union has enough gas for the winter but could face a shortage next year if Russia cuts supplies further, the International Energy Agency (IEA) said on Monday, urging governments to act faster to save energy and expand renewables.
read more... 13/12/2022