MOSCOW—Nothing stands on the way of Russian gas exports to Europe via the Nord Stream 1 pipeline apart from technological problems caused by Western sanctions, Kremlin spokesman Dmitry Peskov said on Tuesday, a day before another planned maintenance shutdown. Russian energy giant Gazprom has announced it will shut the pipeline for three days from Wednesday…
Kremlin: Only Sanctions Prevent Nord Stream Gas Pipeline From Working
August 30, 2022
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Germany’s Gas Storage Filling Up Faster Than Planned as Fears of Winter Shortage Ease
Germany’s Economy Minister Robert Habeck said on Aug. 28 that the country’s gas storage facilities are filling up faster than planned, providing some hope amid fears of chronic shortages this winter due to a reduction in supplies from Russia. “The reservoirs are filling up faster than specified,” Habeck told Der Spiegel magazine. He added that the…
Elon Musk Says the World Needs Oil and Gas or ‘Civilization Will Crumble’
August 29, 2022
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Tech entrepreneur Elon Musk told reporters in Norway on Aug. 29 that, while sustainable energy sources should be developed, the world must continue to extract oil and gas in order to sustain civilization. Musk made the remarks to reporters ahead of the Offshore Northern Shore (ONS) conference in Stavanger, Norway, where Musk is scheduled to speak….
Energy Bonanza Drives Shareholder Payouts to New Record
LONDON—Energy companies reaping record profits from soaring oil and gas prices have helped global dividend payments to shareholders soar above pre-pandemic levels and to a record quarterly high, data showed on Wednesday. Oil and gas firms, including state-controlled giants in Latin America, accounted for more than two-fifths of the growth in dividend payments in the…
Nord Stream Not in Charge of Aug. 31–Sept. 2 Portovaya Maintenance
August 24, 2022
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FRANKFURT—The Nord Stream 1 consortium is not in charge of a planned three-day maintenance at the Portovaya compressor station announced by Gazprom during which no gas will flow through the pipeline, a spokesperson for the company said. “Portovaya compressor station is located in the upstream transportation system and therefore outside Nord Stream AG’s area of…
Gold Rush Daze (1939)
August 24, 2022
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A gentleman listens to a gas station attendant talk about his adventures panning for gold. A Classic Warner Brothers Cartoon Credit: Public Domain Movies – Feature Films: Cinema collection: epochcinema.com Epoch Original content: epochoriginal.com Feature Films: www.theepochtimes.com/featured-films * Click the “Save” button below the video to access it later on “My List.” Follow EpochTV on…
Gas Prices Could Jump Again If China Opens After Covid-19 Lockdowns, Sec. Granholm Warns
August 22, 2022
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Energy Secretary Jennifer Granholm has cautioned that gas prices could surge if China opens up significantly after strict COVID-19 lockdowns within the country. Granholm made the comments on “Fox News Sunday,” where she noted that while the Biden administration is hopeful gas prices will continue to fall, the United States is “at the whim of what…
Russia’s Gazprom to Shut Gas Pipeline to Europe for 3 Days
MOSCOW—A key Russian natural gas pipeline will shut down for three days of maintenance at the end of this month, the state-owned energy company Gazprom announced Friday, raising economic pressure on Germany and other European countries that depend on the fuel to power industry, generate electricity, and heat homes. The latest shutdown will come a…
Record Jump in German Producer Prices Adds to Gloomy Outlook
BERLIN—German producer prices jumped at the fastest pace on record in July, underscoring the gloomy outlook for Europe’s largest economy, which is stuck in a stranglehold of soaring costs and weakening growth due to the Ukraine war. Producer prices—a leading indicator for inflation—surged 37.2 percent on the year, the biggest rise since records began in…
Pummeled by Gas Crisis, Germany’s Uniper Posts $12.5 Billion Net Loss
August 17, 2022
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FRANKFURT/DUESSELDORF—Uniper, the highest-profile corporate victim of Europe’s energy crisis so far, reported a 12.3 billion euro loss ($12.5 billion) due to Russian gas supply cuts, saying it had become a “pawn” in the energy standoff between the European Union and Moscow. Germany’s largest importer of Russian gas needed a 15 billion euro government bailout last…
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