Global Analysis from the European Perspective. Preparing for the world of tomorrow




Nord Stream 2: Construction of disputed pipeline to restart in December

Construction on the controversial Nord Stream 2 pipeline in the Baltic Sea is set to resume next week, a company spokesman said on Saturday.

Work on the pipeline was at a standstill for a year as companies working on the project pulled out under the pressure of sanctions from the United States.

The company leading the project told news agency DPA it aims to get back to work by December 5.

The 1,230-kilometer (764-mile) pipeline will bring natural gas from Russia’s Siberian gas fields to Germany, Europe’s biggest economy. Source Deutsche Welle


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UK: Millions on pre-paid energy meters could face cut-off as prices soar

The chaos in gas and electricity markets is set to hit one group of people the hardest this winter: the four million households that use prepayment meters (PPMs).

While most people pay their bills monthly for energy they have already used, PPMs require people to pay for energy before they use it. PPMs take whatever money is in the meter and supply energy to the household.  Source Open Democracy

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European gas prices surge as Gazprom hits supply hopes

Russia’s Gazprom has damped hopes for additional gas exports to Europe next month as the continent struggles with record prices, despite recent hints from President Vladimir Putin that more could be forthcoming.

UK and European gas prices surged as much as 18 per cent on Monday after a keenly awaited pipeline capacity auction showed no increase from Russia either through the Ukrainian pipeline system or lines passing via Poland to north-west Europe. Source FT

by The Board

 
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