New analysis suggests higher energy costs could force more business closures that would cripple the economy

The contract that will last more than two decades will see companies increase oil and gas production in Eastern Algeria fields

German Vice-Chancellor has said no one – apart from Vladimir Putin – knows if Nord Stream will return to its normal capacity once the maintenance work finishes

Norway is the biggest producer of oil and gas in Europe, delivering around one-fourth of EU countries’ gas consumption and significantly contributing to European energy security

Russian Deputy Prime Minister Alexander Novak also warned countries could face oil prices of more than $300 per barrel as a result of the country’s actions

Lithuania has lost a €1.5 billion (£1.2bn) compensation claim against Russian energy giant Gazprom in a dispute over natural gas prices. According to Gazprom, the Arbitration Institute of the Stockholm Chamber of Commerce (SCC) “rejected all claims made by Lithuania” with respect to the terms of buying Russian gas. In 2012, Lithuania said it had […]

EU countries could carry out fire drill-style tests which simulate gas supply disruptions under new plans to check how well they can cope in a crisis. The “stress tests” idea was announced today by Commission President José Manuel Barroso and Energy Commissioner Günther Oettinger, as part of a new Energy Security Strategy. The tests would take […]

Energy Minister Michael Fallon has told ELN he believes a new gas field cranking into gear soon is the UK’s “answer to Putin”. His reference to the Russian President comes after months of concern over future gas supply from Russia via Ukraine, prompted by tensions between the two nations. Speaking exclusively to ELN on the […]

Russian President Vladimir Putin’s threat to European energy supplies should be taken more seriously, UK Energy Secretary Ed Davey has said in a newspaper interview. The Lib Dem MP told the Independent yesterday: “The UK, Europe and the world need to take Putin’s aggression much more seriously. I think it’s of sufficient concern that we […]