LONDON, Jan 21 Escalating tensions on the Russia
Ukraine border have led U.S. President Biden and other Western
leaders to threaten severe economic sanctions on Russia if it
attacks Ukraine https://www.reuters.com/world/blinken-arrives-berlin-ukraine-talks-with-european-allies-2022-01-20.
LONDON European governments have spent tens of billions of euros trying to shield consumers from record high energy prices, and themselves from voters' wrath, but the measures look set to fall short.
LONDON European governments, some facing elections this year, have ploughed tens of billions of euros into measures designed to shield households from record high energy prices.
LONDON European gas prices rose on Wednesday as gas flowed eastwards for the 16th successive day along a pipeline that usually sends deliveries from Russia to Europe and political tensions remained high.
* Russian gas flows in reverse from Germany to Poland via
BRUSSELS Energy intensive industries have urged the European Union to address soaring energy prices, saying the record costs have hit their competitiveness and could prompt European companies to relocate.
MOSCOW/FRANKFURT/LONDON European gas prices hit a new record high on Tuesday after a pipeline that brings Russian gas to Germany switched to flow east, a move the Kremlin said had no political implications, while two big German customers said Gazprom was meeting supply obligations.
BRUSSELS/LONDON The European Union is expected to propose a system this week to allow countries to jointly buy strategic stocks of gas, a measure drawn up in response to soaring energy prices.
BRUSSELS/LONDON, Dec 13 The European Union is
expected to propose a system this week to allow countries to
jointly buy strategic stocks of gas, a measure drawn up in
response to soaring energy prices.
LONDON High gas and power prices have driven energy retailers to the wall in many countries in a blow to market liberalisation efforts, leaving consumers with higher bills, a smaller pool of suppliers and calls for market reform.