Energy-Saving News

Russia Continuing To Strengthen Grip On Europe’s Energy Supplies

Posted on 30. Jun, 2009 by Ross.

Three more deals made by Russian state-controlled gas and oil titan Gazprom heated up the race for Russia to tie up strategic supplies before Europe is able to diversify it’s supply, continuing the threat of energy shortages and supply cut-offs.
The acquisition of UK-listed oil producer Sibir Energy PLC was perhaps the key domestic move, giving [...]

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Europe May Face Energy Shortages As Ukraine Is Unable To Pay For Gas

Posted on 27. May, 2009 by Ross.

Following talks between Russia’s Gazprom and Ukraine’s Naftogaz, commentators predict a new threat to European energy security as Kiev again is struggling to pay for Russian fuel. However, the Ukraine is in advanced talks to sell the right to emit around $3.5bn worth of carbon to three foreign companies in a continuing effort to balance [...]

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