LONDON (Reuters) – An interim natural gas deal by Moscow and Kiev, reached over the weekend, could supply just enough to get Ukraine through the winter as long as the weather does not become unusually cold, Reuters research shows.
Russia, Ukraine and the European Commission moved towards an agreement in late September and made further progress at the weekend.
LONDON, Oct 15 (Reuters) – The European Union could save up
to $80 billion in energy imports if oil prices remain low,
providing some relief to households and companies in a region
that has been laid low for the last five years.
The price of oil has dropped over a quarter since the
summer to below $85 per barrel, a level last seen in June 2010.
LONDON (Reuters) – A sharp fall in energy prices around the world signals worse to come for the slowing global economy as China’s decade-long boom peters out, in addition to Europe’s long struggle with recession.
The price of oil, the world’s most important fuel source, has dropped 20 percent since the summer to below $92 per barrel on Thursday, a level last seen in June 2012.
LONDON, Sept 26 (Reuters) – European winter natural gas
price benchmarks dropped over 1.5 percent on Friday afternoon as
a deal between the European Union, Russia and Ukraine that would
help prevent a winter supply shortfall appeared closer.
British benchmark natural gas prices for delivery during the
winter 2014/2015 season, which starts next Wednesday, dropped
1.54 percent to 57.65 pence per therm, although prices edged
back up to 57.73 pence per therm after Ukraine’s energy minister
said there was no final deal yet, and that a decision would not
be made before early next week.
LONDON, Sept 24 (Reuters) – The European Union is quietly
increasing the urgency of a plan to import natural gas from
Iran, as relations with Tehran thaw while those with top gas
supplier Russia grow chillier.
Two “ifs” – the removal of sanctions on Iran and the
addition of some pipeline infrastructure – are not preventing EU
planners preparing, a European Commission source involved in
developing EU energy strategy told Reuters.
LONDON, Sept 12 (Reuters) – Britain has been topped by the
Netherlands as Europe’s leading natural gas trading hub this
summer, ending decades of British dominance in the sector.
Britain has reigned as Europe’s busiest gas trading centre
since discoveries of North Sea oil and gas in the 1970s made it
Europe’s main producer.
LONDON (Reuters) – Britain risks an electricity crisis this winter which has forced the grid operator to take precautionary measures and will mean greater reliance on imports from Europe where operators face their own supply constraints.
National Grid has announced a scheme to encourage utilities to make idle capacity available this winter, something the grid operator had not planned to do until next year.
MILAN/LONDON (Reuters) – As the conflict in Ukraine heads towards the winter, Europe’s politicians are braced for supply disruptions from its biggest provider, Russia, yet some energy traders sense an opportunity if peace prevails and the gas keeps flowing.
Russia is Europe’s biggest supplier of natural gas, and its pipelines through Ukraine are subject to political maneuvering as Europe and Moscow clash over the crisis in eastern Ukraine.
LONDON, Sept 5 (Reuters) – A predicted mild and wet winter
might save Europe from the worst impact of a potential Russian
gas supply disruption, but it would mean another difficult
season for farmers who have already suffered from two
consecutive wet years.
Russia is Europe’s biggest supplier of natural gas, and its
gas pipelines through Ukraine are currently the subject of
political manoeuvring as Europe and Moscow clash over the crisis
LONDON, Sept 4 (Reuters) – The European Union is preparing
to take action to secure gas supplies this winter if its biggest
supplier, Russia, cuts exports due to the crisis in Ukraine, a
draft document seen by Reuters showed.
The measures could include making use of existing powers to
ban companies from selling liquefied natural gas (LNG) tanker
cargoes outside Europe, keep more gas in reserve, and order
industry to stop using gas.