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Germany in bailout talks with Uniper amid gas crisis

Reuters
First German company to raise alarm over scarce gas, prices Gas stocks lowest since early 2017 Fortum says will help but crisis requires big efforts Works council wants German government to step in FRANKFURT/DUESSELDORF/BERLIN, June 30 (Reuters) – Germany’s Uniper (UN01.DE) is in talks about a possible government bailout as......

U.S. power companies face supply-chain crisis this summer

Reuters
June 29 (Reuters) – U.S. power companies are facing supply crunches that may hamper their ability to keep the lights on as the nation heads into the heat of summer and the peak hurricane season. Extreme weather events such as storms, wildfires and drought are becoming more common in the......

France is working on energy contingency plans, says finance minister

Reuters
French Minister for Economy, Finance, Industry and Digital Security Bruno Le Maire talks to journalists as he leaves after a working meeting with the French Prime Minister and members of the government at the Hotel Matignon in Paris, France, June 21, 2022. REUTERS/Benoit Tessier Register now for FREE unlimited access......

Energy investment treaty update fails to win over environmentalists

Reuters
June 24 (Reuters) – Years-long talks over updating an international energy investment treaty ended on Friday with a provisional deal which would allow the exclusion of fossil fuels interests but not fast enough to silence environmental campaigners’ complaints that it undermines efforts to curb climate change. The 1994 Energy Charter......

Youths sue European governments over fossil fuel energy pact

Reuters
A Stop sign stands in front of the Neurath lignite power plant of German utility RWE, west of Cologne, Germany, January 16, 2020. REUTERS/Wolfgang Rattay/File Photo Register now for FREE unlimited access to Reuters.com Register June 21 (Reuters) – Five young people will on Tuesday file a lawsuit against 12......

Europe may shift back to coal as Russia turns down gas flows

Reuters
Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/File Photo Register now for FREE unlimited access to Reuters.com Register Germany may take ‘painful’ move to fire up coal power Italy, Austria also looking at burning more coal......

Australian power crunch eases as coal-fired plants crank up

Reuters
The Liddell coal-fired power station is pictured in the Hunter Valley, north of Sydney, Australia, April 9, 2017. REUTERS/Jason Reed/File Photo Register now for FREE unlimited access to Reuters.com Register MELBOURNE, June 17 (Reuters) – Australian coal-fired generators have brought 1,900 megawatts (MW) of capacity back on line since Wednesday,......

Russian gas flows to Europe fall, hindering bid to refill stores

Reuters
A train moves past oil tanks of the NNK-Primornefteproduct petroleum depot in the far eastern port of Vladivostok, Russia June 11, 2022. REUTERS/Tatiana Meel Register now for FREE unlimited access to Reuters.com Register Nord Stream 1 pipeline capacity down to 40% Europe’s gas price jumps up to 30% after disruption......

Sydney residents told to cut power use to help avoid blackouts

Reuters
Power spot market remains suspended AGL, EnergyAustralia coal units restart Power capacity reserves improving, operator says MELBOURNE, June 16 (Reuters) – Sydney residents were urged on Thursday to conserve power in the evening as much as possible to avert blackouts, one day after Australia suspended its spot electricity market due......

How a battery shortage is hampering the U.S. switch to wind, solar power

Reuters
June 9 (Reuters) – U.S. renewable energy developers have delayed or scrapped several big battery projects meant to store electrical power on the grid in recent months, scuttling plans to replace fossil fuels with wind and solar energy. At least a dozen storage projects meant to support growing renewable energy......

EDF faces probe into practices at Tricastin nuclear plant -whistleblower’s lawyer

Reuters
View of the reactors buildings at the Tricastin nuclear power plant site in Saint-Paul-Trois-Chateaux, France, June 27, 2019. Picture taken June 27, 2019. REUTERS/Benjamin Mallet/File Photo Register now for FREE unlimited access to Reuters.com Register PARIS, June 9 (Reuters) – French power utility EDF (EDF.PA) faces an investigation into alleged......

Australia’s AGL Energy scraps demerger plan, CEO and chairman to step down

Reuters
The logo of AGL Energy Ltd, Australia’s no.2 power retailer, adorns the building of their head office in Sydney, Australia, February 8, 2017. Picture taken February 8, 2017. REUTERS/David Gray/File Photo Register now for FREE unlimited access to Reuters.com Register ‘Wow. A huge day for Australia” – Cannon-Brookes tweets AGL......

Analysis: Schroeder throws in towel as German industry clings on to Russian gas

Reuters
FRANKFURT, May 26 (Reuters) – Gerhard Schroeder has backed off from taking a top role at Russian energy giant Gazprom (GAZP.MM), dealing a setback to Germany’s gas lobby as it seeks to keep the energy lifeline from Russia open. The former German chancellor played a critical role in establishing the......

Half of Gazprom’s 54 clients opened Gazprombank accounts, says Russia’s Novak

Reuters
A person is pictured through a window above a Gazprombank branch in Moscow July 17, 2014. REUTERS/Sergei Karpukhin/File Photo Register now for FREE unlimited access to Reuters.com Register May 19 (Reuters) – Half of Russian gas giant Gazprom’s (GAZP.MM) 54 clients have opened accounts at Gazprombank, Deputy Prime Minister Alexander......

Casino says it plans to sell renewable energy unit, shares up

Reuters
People walk past a Casino supermarket in Nice, France, January 31, 2022. REUTERS/Eric Gaillard/Files Register now for FREE unlimited access to Reuters.com Register PARIS, May 16 (Reuters) – French retailer Casino (CASP.PA) said in a statement it had launched a process to sell its renewable energy unit GreenYellow with a......

Europe’s gas supply crisis grows after Russia imposes sanctions

Reuters
The logo of Gazprom Germania is pictured at their headquarters, in Berlin, Germany April 1, 2022. REUTERS/Fabrizio Bensch Register now for FREE unlimited access to Reuters.com Register BERLIN, May 12 (Reuters) – Pressure on Europe to secure alternative gas supplies increased on Thursday after Moscow imposed sanctions on European subsidiaries......

Independent expert backs AGL Energy split plan as Cannon-Brookes builds pressure

Reuters
Demerger in best interest of shareholders – independent expert AGL shares fall as much as 2.4% Mike Cannon-Brookes had bought 11% stake in AGL on May 2 May 6 (Reuters) – AGL Energy’s (AGL.AX) proposed demerger will be in the best interest of its shareholders, an independent expert said on......

Sliding pound supports FTSE 100 after BoE flags recession risk

Reuters
A man walks past the Bank of England (BoE) in London, Britain, December 16, 2021. REUTERS/Toby Melville Register now for FREE unlimited access to Reuters.com Register Bank of England raises rate to 1%, flags recession risk Shell up after oil major posts record quarterly profit FTSE 100 up 0.1%, FTSE......

France’s Engie wants clear EU guidelines on Russian gas payments

Reuters
Catherine MacGregor, Chief Executive Officer of Engie, attends a meeting on economic and professional equality in Paris, France, October 25, 2021. REUTERS/Sarah Meyssonnier Register now for FREE unlimited access to Reuters.com Register May 5 (Reuters) – French utility Engie (ENGIE.PA) is still paying for Russian gas in euros, in line......

Uniper in talks with German government, Gazprom on rouble payment scheme

Reuters
The logo of Uniper SE is seen in its booth at Gastech, the world’s biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai/Files Register now for FREE unlimited access to Reuters.com Register FRANKFURT, May 3 (Reuters) – Germany’s Uniper (UN01.DE) remains in talks with Gazprom......

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