The French government has decided to raise regulated household electricity prices by 10% starting from August, a government official said on Tuesday, confirming a report from newspaper Les Echos.
Top LNG traders Shell and BP have separately filed for arbitration against U.S. exporter Venture Global LNG for failing to supply contracted cargoes, even as it sold to non-contract customers as prices soared, four people familiar with the matter said.
Italy hopes it can avoid a repeat of windfall levies that energy groups had to pay on their 2021 and 2022 profits to fund measures aimed at shielding customers from costly electricity and gas bills, the energy minister said on Friday.