Articles in ‘Energy’

Obsessed with tinkering with policy to lower prices, Europe doesn’t consider the system-level costs of transitioning to more expensive energy · Across the European Union, factories are closing or quietly scaling back production. Chemical plants, steel mills, fertilizer producers – the most energy-intensive segments of the economy – are either relocating abroad or shutting down altogether.  · This is no temporary setback. Europe has…

The bloc’s growing dependency on American LNG has sparked concerns amid fraying ties over Greenland · © Getty Images / Bill Chizek · [RT] The EU is seeking new gas suppliers as growing reliance on US-sourced liquefied natural gas (LNG) and deteriorating relations with Washington have raised concerns over energy security. · The bloc has faced a surge in energy prices since reducing Russian oil and gas imports following…

Germany gets 96% of its liquefied natural gas from the US, according to an environmental group · RT: FILE PHOTO. ©  Sean Gallup/Getty Images · Germany’s imports of liquefied natural gas (LNG) from the US reached a near-total dependency last year, the German Environmental Aid Association (DUH) stated on Thursday. The situation “exacerbates Germany’s dependence on the increasingly unpredictable US,” the association said. ·…