New York The situation for people in many cities in Ukraine is becoming increasingly dramatic 13 days after the Russian invasion. According to the city council, in the port city of Mariupol, which is under Russian siege, “there is no street without broken windows, destroyed apartments or houses.” The city is without electricity, water and … Read more
At the Neptun shipyard in Rostock, a tank for the liquefied natural gas drive is installed in the cruise ship “Costa Smeralda”. Photo: dpa/Bernd Wüstneck So far there is not a single terminal for liquefied natural gas LNG in Germany. But that should change quickly now. As a reaction to the Ukraine war, Chancellor Olaf … Read more
Nord-Stream-Pipeline Russia is the largest oil supplier in Europe. (Photo: AFP) Moscow After the start of the war against Ukraine, Russia openly threatened to stop gas deliveries through the Nord Stream 1 pipeline in the Baltic Sea for the first time. “We have every right to make a ‘mirror-fair’ decision and to issue an embargo … Read more
Summary [Russia’s banks that undertake financial services for oil and gas exports have not been removed from the SWIFT system by the European Union]The European Commission announced on March 2, local time, the list of seven Russian banks that were removed from the SWIFT system, excluding Sberbank and Natural Gas. Industrial Bank (Gazprombank). The two … Read more
[Berlin, 27th Archyde.com]-German Chancellor Olaf Scholz announced on the 27th that Russia’s invasion of Ukraine will lead to a major shift in energy policy in order to reduce its dependence on Russian gas. He announced at an extraordinary Diet session held to deal with the Ukrainian crisis. There is a possibility of extending the operating … Read more
Chancellor Olaf Scholz at the special session of the Bundestag on the war in Ukraine Photo: dpa / Kay Nietfeld Berlin. Chancellor Olaf Scholz has announced the rapid construction of two liquefied natural gas (LNG) terminals in Germany in response to the Ukraine war and dependence on Russian natural gas. The SPD politician named Brunsbüttel … Read more
View of a gas production plant in the Netherlands Photo: Photo: AP/dpa/Peter Dejong The European Union recently covered around 40 percent of its gas requirements through imports from Russia. However, the dependency varies among the member countries – in Germany the rate is even around 55 percent. Should the Ukraine conflict escalate, it cannot be … Read more