Germany intends to restart 16 power plants running on fossil fuels, mainly coal and oil, to avoid electricity shortages due to an expected Russian cut in exports to Berlin, The Kyiv Independent reported on Sunday 17 July. The newspaper pointed…
Continue ReadingDeutsche Bank (Germany's bank) warned that the aggravation of the gas crisis in Germany may prompt citizens to return to using wood for heating to face the severe cold during the coming winter. According to analysts' warnings, some homes will…
Continue ReadingThe International Energy Agency expects natural gas demand to decline slightly this year, with growth slowing further over the next three years. In a gas market report issued today, Tuesday (July 5), the Energy Agency attributed its expectations of a…
Continue ReadingOn rising output, US natgas futures fell 2% to a new 11-week low. On Monday, U.S. natural gas futures fell about 2% to an 11-week low on rising output and lower demand expectations for the next two weeks, owing in…
Continue ReadingNorway has boosted its production of natural gas at the expense of crude oil, in an effort to secure alternative supplies to compensate European countries for Russian gas, which meets nearly half of the old continent's needs. Europe is the…
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