As Russia cuts its gas exports to the EU, the price of natural gas continues to rise. Restricted supplies could see energy rationing and recession in Germany, Europe’s biggest economy.
By Bloomberg News (Bloomberg) — In early March, as the US and its allies unleashed a wave of sanctions on Russia, President Joe Biden stood in the White House and said.
The war in Ukraine has prompted Europe to reshape its energy policy, and once-snubbed U.S. LNG is now a key part of a European Union’s strategy to wean itself off Russian gas expected to be outlined this week.
By Anna Shiryaevskaya (Bloomberg) Germany plans to abandon fossil-fueled power by 2035. But instead of shutting down natural gas infrastructure, it’s speeding up the construction of several new terminals that.