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Tag: Energy

Germany Admits Nuclear Phase-Out Was a Huge Mistake as Iran War Drives 60% Gas Price Surge

This is Europe’s second major energy crisis in five years. The first was triggered by Russia’s invasion of Ukraine. This one is triggered by the US-Israeli war on Iran disrupting t...

Iran War Turns Pakistan’s Gas Surplus Into Energy Crisis as Strait of Hormuz Disruption Reshapes Asian Markets

That surplus has evaporated. The Strait of Hormuz disruption has rerouted global LNG shipping, spiked spot prices, and made it economically impossible for Pakistan to maintain its ...

How African Countries Are Rationing Power and Diluting Petrol to Survive the Iran War

Across the African continent, the devastating ripple effects of the military conflict between the United States and Iran are being felt in the most...

British household energy debt highest ever – regulator

According to national energy regulator Ofgem, British homeowners have accumulated record debts with electricity and gas companies totaling around £3...

Dutch families face higher energy bills – data

Despite government subsidies and a consumer price cap, household energy expenditures in the Netherlands have risen dramatically since last year.The...

France and Germany clash over nuclear energy and cars – Reports

A squabble between Paris and Berlin over nuclear energy and combustion engine vehicle policies has cast a pall over an upcoming EU summit on Ukraine,...

Energy crisis to cost Germany $1 trillion – Bloomberg

According to Bloomberg’s primary research service, Germany’s government will need to allocate more than $1 trillion by 2030 to deal with the risks...

China buys record amount of Russian energy

According to a Chinese customs data released on Tuesday, China purchased record levels of Russian liquefied natural gas (LNG) last month, while...

CHARITY: Nigeria Dashed Energy Firms A Whopping N23bn In Waivers in 2013

Jan. 8, 2014 The sweet profit gains from privatization: How Nigeria made Dangote a world richest, by dashing him the nations wealth in waivers...