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May 24, 2022

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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......

U.S. LNG exports decrease, Europe remains top destination

Reuters
An LNG tanker is guided by tug boats at the Cheniere Sabine Pass LNG export unit in Cameron Parish, Louisiana, U.S., April 14, 2022. REUTERS/Marcy de Luna Register now for FREE unlimited access to Reuters.com Register HOUSTON, May 2 (Reuters) – U.S. exports of liquefied natural gas (LNG) fell about......

Dutch aim to stop using Russian fossil fuels by year-end

Reuters
AMSTERDAM, April 22 (Reuters) – The Netherlands plans to stop using Russian fossil fuels by the end of the year, the government said on Friday, vowing to spend an estimated 623 million euros ($675 million) on incentives for companies to fill a major gas storage facility. The government said it......

Britain plans nuclear and offshore turbines to boost energy independence

Reuters
LONDON, April 7 (Reuters) – Britain set out plans to expand nuclear and offshore wind power on Thursday to bolster its energy independence, but a failure to target improved energy efficiency even as heating costs surge was attacked for lacking ambition. With energy prices hitting record highs this year, driven......

German gas buyers raise the alarm over Russia’s rouble demand

Reuters
BDEW group calls on government to guard against disruption Russian demand raises doubts over historic supply role Russian gas still flowing west FRANKFURT/LONDON, March 24 (Reuters) – German utilities on Thursday said their country needed an early warning system to tackle gas shortages, a day after Russia ordered the switch......

Germany’s E.ON cuts Russia exposure, signals Nord Stream 1 risk

Reuters
A shareholder carries a bag with the logo of E.ON during the company’s annual shareholders meeting in Essen, Germany May 10, 2017. REUTERS/Thilo Schmuelgen Register now for FREE unlimited access to Reuters.com Register Ukraine crisis a valuation risk for Nord Stream 1 stake Has stopped buying new gas from Gazprom......

CERAWEEK Gas security a growing worry due to Russia’s export dominance

Reuters
HOUSTON, March 9 (Reuters) – Energy industry leaders said the burgeoning energy crisis is perhaps more dire for Europe’s natural gas market than its crude oil imports, due to the continent’s dependency on Russia and as prices have been sky-high for months. Panelists at this year’s CERAWeek conference in Houston......

Shell stops buying Russian crude as Moscow’s isolation deepens

Reuters
Shell to withdraw entirely from Russia Nickel trading halted in London after price surge Volkswagen stops taking orders for plug-in vehicles LONDON, March 8 (Reuters) – Shell (SHEL.L) stopped buying oil from Russia and said it would cut links to the country entirely on Tuesday, as Moscow’s economic isolation looked......

Brookfield flips AGL out of furnace into coal fire

Reuters
MELBOURNE, March 7 (Reuters Breakingviews) – The Canadian fund manager and its tech billionaire partner are abandoning a green takeover plan after their sweetened $6 bln bid was rejected. It leaves the Aussie power producer grappling with a weak demerger proposal and a pushy investor. Boss Graeme Hunt will feel......

Apple, Ford, other big US brands join corporate wave shunning Russia

Reuters
Apple stops Russia sales, makes some app changes ESG investors support company action Rouble hits new low March 2 (Reuters) – Some of America’s best-known companies including Apple, Google, Ford, Harley-Davidson and Exxon Mobil rebuked and rejected Russia for its invasion of Ukraine, under steady pressure from investors and consumers......

Companies shut Ukraine operations, assess impact of sanctions on Russia

Reuters
Backers of Nord Stream 2 pipeline from Russia knocked Wizz Air works to evacuate crews Britain’s Lloyds Bank on lookout for cyberattacks Jet engine makers have been ramping up titanium supplies Feb 25 (Reuters) – Brewer Carlsberg (CARLb.CO), Japan Tobacco (2914.T) and a Coca-Cola bottler were among firms shutting factories......

Biden unveils sanctions on Russian businesses after Ukraine attack

Reuters
WASHINGTON, Feb 24 (Reuters) – President Joe Biden hit Russia with a wave of sanctions on Thursday after Moscow invaded Ukraine, measures that impede Russia’s ability to do business in major currencies along with sanctions against banks and state-owned enterprises. During White House remarks and answers to reporters’ questions, Biden......

Uniper shares hit 14-month low as Russia attacks Ukraine

Reuters
The logo of German energy utility company Uniper SE is pictured in the company’s headquarters in Duesseldorf, Germany, March 10, 2020. REUTERS/Thilo Schmuelgen/File Photo Register now for FREE unlimited access to Reuters.com Register Shares fall to lowest since December 2020 Uniper has large exposure to Russia through Unipro Group is......

Germany’s Uniper cuts dividend by 95% to help weather volatility

Reuters
The logo of German energy utility company Uniper SE is pictured in the company’s headquarters in Duesseldorf, Germany, March 10, 2020. REUTERS/Thilo Schmuelgen Register now for FREE unlimited access to Reuters.com Register Recommends 95% dividend cut to preserve liquidity Points to geopolitical risk, price volatility Expects adj EBIT of 1.0-1.3......

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