UK imposes 25% energy windfall tax to help households as bills surge

Energy producers making extraordinary profits, says Sunak Five billion pound tax offsets 15 billion pound support plan High inflation causing acute distress for Britons – Sunak LONDON, May 26 (Reuters) – Britain announced a 25% windfall tax on oil and gas producers’ profits on Thursday, alongside a 15 billion pound ($ 18.9 billion) package of … Read more

Europe’s gas supply crisis grows after Russia imposes sanctions

Russia imposes sanctions on European Gazprom subsidiaries Polish firm operating Yamal-Europe section also hit Germany to lose 10 mcm / day of gas supply Dutch gas prices rise by up to 20% BERLIN, May 12 (Reuters) – Pressure on Europe to secure alternative gas supplies increased on Thursday as Moscow imposed sanctions on European subsidiaries … Read more

NATO to welcome Nordic members as Ukraine pushes back Russian forces

Finland expected to announce bid to join NATO Ukraine halts major route for Russian gas to Europe Russia imposes sanctions on Gazprom units in Europe, US Ukrainian forces seek to cut Russian battlefield supply lines KYIV / BRUSSELS, May 12 (Reuters) – Finland is expected to announce on Thursday its intention to join NATO with … Read more

Russian gas flows to Europe via Ukraine fall after Kyiv shuts one route

Russian gas exports via Ukraine fall to 72 mcm Ukraine declared ‘force majeure’, halted transit point use Gazprom says it cannot send all flows to another route European countries still receiving contracted flows 10 mcm / day of gas would need to be re-routed-analysts LONDON, May 11 (Reuters) – Russian gas flows to Europe via … Read more

Exclusive: Germany prepares crisis plan for abrupt end to Russian gas

BERLIN, May 9 (Reuters) – German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the matter told Reuters. The preparations being led by the Ministry for Economic Affairs show the heightened state of alert about … Read more

Russia halts gas supplies to Poland, Bulgaria

Poland cut for gas supplies, no word on Bulgaria Blackmailing Europe of Ukraine accuses Russia Germany sends tanks to Ukraine Britain says Ukraine controls most of its airspace WARSAW / SOFIA / KYIV, April 27 (Reuters) – Russian energy firm Gazprom (GAZP.MM) said on Wednesday it had ruled out halted gas supplies to Bulgaria and … Read more