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EU wants ‘new transactions-based LNG benchmark’ in bid to calm prices
The European Union wants a new transaction-based benchmark for liquefied natural gas (LNG) as it says the fall in Russian pipeline gas flows and record high LNG imports have created imbalances in the current pricing mechanism.
read more... 03/10/2022
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EU countries to back energy windfall levies, lock horns over gas price cap
European Union countries meet on Friday to approve emergency levies on energy firms' windfall profits and launch talks on their next move to tackle Europe's energy crunch - possibly, a gas price cap.
read more... 03/10/2022
Germany agrees 200 bln euro package to shield against surging energy prices
German Chancellor Olaf Scholz set out a 200 billion euro ($194 billion) "defensive shield", including a gas price brake and a cut in sales tax for the fuel, to protect companies and households from the impact of soaring energy prices.
read more... 30/09/2022
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EU tells countries gas price cap would come with risks
The European Commission has warned EU countries that a broad cap on gas prices could be complex to launch and pose risks to energy security, amid calls from countries for Brussels to step in to tame high fuel prices.
read more... 30/09/2022
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EU vows to protect energy network after 'sabotage' of Russian gas pipeline
The European Union on Wednesday promised a "robust" response to any intentional disruption of its energy infrastructure after saying it suspected sabotage was behind gas leaks discovered this week on subsea Russian pipelines to Europe.
read more... 30/09/2022