Tag: gas crisis
about 2 years ago
cityam.com

Bulb Energy: Bidding war lights up as Centrica pulls out of race for fallen energy firm

The bidding process for the UK's seventh biggest energy firm has taken another dramatic turn, with Centrica pulling o...

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about 2 years ago
cityam.com

Low-quality gas could be used to ease energy crisis

Lower quality gas could be flowing through Britain's pipelines this winter, with the Government scrambling to secure ...

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about 2 years ago
cityam.com

Exclusive: Germany should not boost coal to fend off supply shortages argues Wärtsilä

A Finnish power giant has called for Germany to ramp-up LNG supplies to avoid increasing its dependence on coal suppl...

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about 2 years ago
cityam.com

Europe braces for winter of discontent as Germany moves one step closer to energy rationing

Fears of supply shortages across Europe have escalated as Germany moved one step closer to energy rationing amid esca...

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about 2 years ago
cityam.com

IEA urges Europe to secure supplies amid warnings Russia could cut off gas flows

The head of the International Energy Agency Fatih Birol has urged Europe to secure its own energy supplies this winter.

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about 2 years ago
cityam.com

Exclusive: So Energy criticises ringfencing proposals amid deepening industry row

So Energy has raised concerns over Ofgem's proposals to reform the energy market, and has called on the regulator to ...

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about 2 years ago
cityam.com

Parliamentary body hammers Ofgem for £2.7bn clean-up bill to fix crisis-hit energy sector

British households face an eye-watering £2.7bn clean-up bill following market carnage across the energy sector warned...

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about 2 years ago
cityam.com

Household energy bills to hit £3,000 per year

Energy bills will spike to over £3,000 per year next January, putting more pressure on cash-squeezed Brits in the col...

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about 2 years ago
cityam.com

Oil and gas body warns windfall tax will deter investment in domestic energy sector

OEUK has ramped up its criticisms of the imposed windfall tax - describing the new levy as "punitive," amid fears it ...

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about 2 years ago
cityam.com

Germany turns to coal as Russia puts pressure on gas supplies

Germany will ramp up coal supplies and offer heavy subsidies to gas giants to ensure it can meet its energy needs thi...

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about 2 years ago
cityam.com

Ofgem turns up the heat on UK Energy Incubator Hub amid industry crackdown

Ofgem has demanded troubled supplier UK Energy Incubator Hub hand over information on financial stress testing and ma...

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about 2 years ago
cityam.com

British Gas owner Centrica strikes mega deal with Equinor to boost supplies to British homes

One billion more cubic meters of gas will enter the UK market for each of the next three winters - after Centrica rea...

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about 2 years ago
cityam.com

Prime Minister Boris Johnson aims to protect more households with £1bn energy efficiency boost

Prime Minister Boris Johnson is drawing up plans to insulate hundreds of thousands more homes before winter with up t...

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about 2 years ago
cityam.com

Use windfall tax to improve energy efficiency of British homes, argues climate charity Ashden

The government should funnel revenues from the windfall tax into making the UK's housing stock more energy efficient,...

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about 2 years ago
cityam.com

Government finalises extension to coal power plant as winter crisis looms

The Government has secured an extension to operators at one of the UK's three remaining coal plants into next winter.

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about 2 years ago
cityam.com

Gas prices soar as flows dip from key markets

European gas prices have spiked again this morning amid both lower flows from Norway and Russia, and weak wind output.

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about 2 years ago
cityam.com

Oil and gas body launches UK's first ever carbon storage licensing round

Thirty million tonnes of CO2 could be permanently stored in rocks deep beneath the UK’s surrounding seas by the end o...

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about 2 years ago
cityam.com

Watchdog confirms review of petrol market as record prices put pressure on drivers

The UK's competition watchdog has announced it will undertake a review into petrol station pricing, after a week of p...

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about 2 years ago
cityam.com

Energy body urges government to give greenlight more gas projects to ensure supply security

An energy industry body has slammed the government’s rejection of two proposed onshore projects, describing its appro...

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about 2 years ago
cityam.com

Energy body urges government to greenlight more gas projects to ensure supply security

An energy industry body has slammed the government’s rejection of two proposed onshore projects, describing its appro...

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about 2 years ago
cityam.com

Centrica files application to reopen UK's biggest natural gas storage facility

Centrica has filed a formal application to reopen Britain’s biggest natural gas storage site, after the site was clos...

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about 2 years ago
cityam.com

Ofgem boss tells industry to 'up your game' after damning Storm Arwen report

The Ofgem boss told power firms to "up your game" and "get ready for winter" after the watchdog published a report in...

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about 2 years ago
cityam.com

Gas prices spike after explosion at US LNG plant leaves Europe scrambling for supplies

Freeport LNG, which operates the largest US export plants producing LNG, will cease trading for three weeks, raising ...

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about 2 years ago
cityam.com

Pressure builds on Europe to find suppliers after US LNG plant shuts down following explosion

Freeport LNG, which operates the largest US export plants producing LNG, will cease trading for three weeks, raising ...

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about 2 years ago
cityam.com

Europe at risk of energy rationing this winter, warns IEA

Europe is at risk of energy shortages and rationing this winter after Russia's invasion of Ukraine, warned the head o...

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about 2 years ago
cityam.com

Don't expect the windfall tax to be lifted any time soon, warn analysts

Oil prices could take seven years to return to normal levels, warned energy analysts, reducing the prospect of the wi...

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about 2 years ago
cityam.com

'Clear role' for gas in the energy transition says Woodside CFO

Gas still has "a very clear role in the energy transition" argued Woodside Energy's chief financial officer Graham Ti...

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about 2 years ago
cityam.com

Serica Energy ramps up investment plans to offset windfall tax

Serica Energy is planning to spend its way out of a tax bill, after the government imposed a hefty new levy on North ...

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about 2 years ago
cityam.com

Germany faces €5bn bill after Russia sanctions Gazprom division

Russian sanctions against Gazprom Germania could cost Germany an extra €5bn a year to pay for replacement gas supplies.

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about 2 years ago
cityam.com

Energy bills to close in on £3,000 per year this winter

Energy bills could spike to nearly £3,000 per year in the depths of winter, when energy demand will be at its highest...

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about 2 years ago
cityam.com

North Sea oil and gas sector jeopardised by windfall tax warns Investec

The windfall tax could accelerate the decline of the UK's oil and gas sector and increase the country's dependence on...

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about 2 years ago
cityam.com

Government's net zero strategy only speaking to 'energy elite' warns Utilita boss Bill Bullen

The government's net zero strategy is only resonating with the UK's "energy elite", argued Utilita Energy boss Bill B...

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about 2 years ago
cityam.com

BP and Total Energies most exposed to North Sea oil and gas levy

BP and Total Energies will suffer the biggest losses in earnings from the government's announced levy on North Sea oi...

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about 2 years ago
cityam.com

BP could reconsider UK investment plans after being hit with windfall tax

Energy giant BP has revealed it will have to "look at the impact" of the government's new levy on its £18bn UK invest...

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about 2 years ago
cityam.com

Winter of discontent: Price cap to peak at over £2,800 next January

Cornwall Insight has warned the price cap could rise to over £2,800 per year in January if the mechanism moves to a q...

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about 2 years ago
cityam.com

Price cap to spike again: Watchdog warns worst is still to come for energy prices

Already sky-high energy prices are set to spike again in October, according to the energy watchdog, taking the power ...

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about 2 years ago
cityam.com

National Grid calls for local energy pricing to drive down household bills

The National Grid has called for the break-up of the electricity market so that different prices are charged in diffe...

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about 2 years ago
cityam.com

Hungary holds firm on investment demands to support Russian oil ban

Hungary has maintained its demands for energy investment before it agrees to an Russian oil embargo with its Western ...

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about 2 years ago
cityam.com

EON boss warns 40 per cent of its customers face fuel poverty this winter

EON's boss warns million more customers could be living in fuel poverty this winter, if the government doesn't step i...

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