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UNBELIEVABLE: 11 | History Defined

Germany upbeat on energy security; Russia cuts gas to France

Chancellor Olaf Scholz says Germany is well-prepared to tackle a possible energy shortage due to Russia’s squeeze on European gas supplies

The Independent UK

France accuses Russia over gas supply as Nord Stream shutdown looms

France accused Moscow on Tuesday of using energy supplies as "a weapon of war" after Russia's Gazprom cut deliveries to a major French customer and said it would shut its main gas pipeline to Germany for three days this week.

Reuters

Russia burns off ‘$10m of gas a day meant for Europe’ after huge flame seen near Nord Stream pipeline

Blaze at Portovaya plant visible from neighbouring Finland amid fears for climate impact

The Independent UK

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Dutch city of The Hague seeks exemption from EU sanctions against Russia

The Dutch city of The Hague on Thursday said it would ask for a temporary exemption of EU sanctions against Russia, as it struggles to find a replacement for its contract with Russian gas supplier Gazprom in time.

Reuters

Energy bills could hit £6,500 from April as gas prices spike again

A spike in gas prices on Monday has added close to £500 to the forecasted energy price cap next year – heaping further woe on families who would already struggle to keep the heating on.

Evening Standard

German gas storage 80% full, progresses despite Russian cuts

Germany’s gas storage facilities are now more than 80% full, showing steady progress despite a drastic reduction in deliveries from Russia amid the war in Ukraine

The Independent UK

Canada would need ‘business case’ for LNG exports to Europe: PM

Justin Trudeau says natural gas exports costly and logistically difficult, but Canada will boost global energy supplies.

Al Jazeera

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Could Nord Stream Pipeline Maintenance Benefit US Stocks? Analysts Thinks So — And One Sees 26% Upside Potential On This Energy Stock

The cost of wholesale European gas has increased by 572% this year to 276.23 euros per megawatt-hour, or approximately $274.70. Analysts predict that price increases will continue as winter approaches, fueling inflationary fears as Europe battles to cope with Russia's interruption of natural gas supplies.

Benzinga

Germany's Scholz in Canada to diversify energy supply

German leader Olaf Scholz says he's working as fast as he can to reduce Germany's dependence on Russia for energy, but Canadian Prime Minister Justin Trudeau says a business case is needed to send gas from Canada to Europe

The Independent UK

Morning Digest | Centre wants to derail Delhi’s education revolution, says Kejriwal after CBI searches at Sisodia’s premises; S. Jaishankar’s three-nation tour to begin on August 22, and more

Here’s a select list of stories to read before you start your day

The Hindu

Russia's Gazprom to shut gas pipeline to Europe for 3 days

Russia’s state-owned energy company Gazprom says a key pipeline conveying natural gas to Europe will shut down for three days at the end of this month to undergo “routine maintenance.”

The Independent UK

Russia-owned energy firm Gazprom to shut gas pipeline to Europe for three days

The firm said the closure of the pipeline was being carried out for "routine maintenance". It comes at a time when gas prices across Europe are surging.

Wales Online

Gazprom has increased gas supply to Hungary, says official

Russian state-owned firm delivering more gas through TurkStream pipeline than ‘contractually obliged’

The Guardian - UK

Hundreds join anti-Gazprom protest in Bulgarian capital

Hundreds of Bulgarians have taken to the streets of the capital Sofia, voicing fears that the country’s caretaker government could break with the policies of its pro-Western predecessor and revert to close energy ties with Russia

The Independent UK

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The Guardian - UK

E.ON slashes value of investment in Nord Stream 1 by almost £600m

German firm’s revaluation represents 58% decline following ‘increased uncertainties’ after Ukraine invasion

Daily Record

Energy experts warn millions of households face £4,000 annual bills by start of next year

Ofgem is also warning people not to join the ‘Don't Pay’ group which is planned for October 1.

Daily Record

Scots face crippling £4,000 a year energy bills from January

Experts fear average bills will be even higher than previously feared due to soaring costs.

Wales Online

Gas and electricity bills to hit £4,000 from January new analysis shows

Bills will rise to almost £3,500 in October then go up again straight after Christmas

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Al Jazeera

Ukraine-Russia grain deal could expand into ceasefire: Schroeder

Former German chancellor Schroeder, an ally of Putin, says that Moscow wants to negotiate a solution to the conflict.

The Independent UK

German leader says gas pipeline part is ready for Russia

German Chancellor Olaf Scholz has inspected a mechanical turbine at the center of a natural gas dispute with Russia

Reuters

German ex-chancellor Schroeder says Russia wants negotiated solution to Ukraine war

Russia wants a negotiated solution to the war in Ukraine and last month's agreement on grain shipments might offer a way forward, former German Chancellor Gerhard Schroeder and friend of Russian President Vladimir Putin said on Wednesday.

Reuters

Moldova's ex-president calls for snap elections over gas price

Moldova's pro-Russian opposition leader called for snap presidential and parliamentary elections on Tuesday and told the pro-Western government to go to Moscow to negotiate cheaper natural gas from Russia as prices soar.

The Guardian - UK

Gazprom daily gas output in July lowest since 2008, analysis suggests

Output last month of Russian firm was down 14% on June, sharpening fears Moscow could provoke energy crisis in Europe

WEKU

Russia-Ukraine war: A weekly recap and look ahead (Aug. 1)

A roundup of key developments and the latest in-depth coverage of Russia's invasion of Ukraine.

The Conversation

Ukraine war: first grain ship leaves Odesa, but EU should have seen food and energy crises coming

Vladimir Putin’s invasion of Ukraine has resulted in four interrelated security crises. The war in Ukraine is a tragedy for human security, but it affects geopolitical security as well as food and energy security.

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