Connect with us

World

Energy crisis: Gas prices soared by as much as 35%

Published

on

Energy crisis: Gas prices soared by as much as 35%
Business energy crisis

Gas prices increased by up to 35%

Gas price rises by 30 percent

The renewed suspension of Russian gas deliveries has driven up gas prices. The future of European natural gas increases by 30% to 272 euros per megawatt-hour. Russian energy giant Gazprom announced Friday evening that it will not supply gas via Nord Stream 1 until further notice.

You can listen to the WELT podcast here

To view embedded content, your revocable consent to the transfer and processing of personal data is required, since such consent is required by embedded content providers as third-party providers [In diesem Zusammenhang können auch Nutzungsprofile (u.a. auf Basis von Cookie-IDs) gebildet und angereichert werden, auch außerhalb des EWR]. By setting the toggle switch to „On”, you agree to this (which can be revoked at any time). This also includes your consent to the transfer of certain personal data to third countries, including the United States of America, in accordance with Article 49(1)(a) of the General Data Protection Regulations (GDPR). You can find more information about this. You can withdraw your consent at any time via the toggle and via Privacy at the bottom of the page.

The complete shutdown of Russian gas supplies via Nord Stream 1 has caused gas prices to explode in Europe. Iran seems to sense an opportunity in this situation and is offering to help. However, according to Tehran, all sanctions imposed on the country should be lifted.

nAfter a complete halt to Russian deliveries via the Nord Stream pipeline, futures contracts for European standard gas rose as much as 35 percent on Monday morning.

„Given the tight gas supply, the possibility of mandatory gas restrictions for non-essential industries or even a 'turn off of circulating gas’ depending on the weather this winter cannot be ruled out,” said an analysis by JPMorgan. annoying Goldman Sachs Group Inc. European gas prices may be closer to their August highs after the Russian move.

On Friday, the European Union will discuss measures to curb high energy prices amid a complete disruption to Russian gas supplies via the Nord Stream pipeline. According to a draft document available to Bloomberg, this should include caps on natural gas prices and a suspension of electricity derivatives trading.

Read also

Stay away from fossil fuels

Germany plans to offer a €65 billion relief package to families and businesses. It is also planned to cap the revenues for electricity producers who do not depend on gas, which is currently very expensive, to produce electricity. Sweden and Finland launched support measures for utilities over the weekend to avoid a Lehman Brothers moment in the sector.

Read also

The Dutch gas futures contract for delivery next month is listed 26 per cent higher at €270 per megawatt-hour. In the past week, listings are down 37 percent.

Now Iran wants to deliver gas to Europe

Meanwhile, Iran has presented itself as an energy supplier. „As it is known, we have the necessary gas reserves and capabilities and therefore we can also cover Europe’s needs in this regard,” Foreign Ministry spokesman Nasser Kanaani said on Monday. Fars news agency quoted the spokesman as saying that in the run-up to the nuclear agreement in Vienna, it should be reinstated and, above all, all US economic sanctions against Iran should be lifted.

With the world’s second largest gas reserves, Iran could become an energy supplier to Europe, but observers say it has little scope for gas exports due to domestic gas demand. Al-Kanaani’s spokesman also admitted that there had been technical problems in gas production in recent years due to US sanctions. In the meantime, these issues have been addressed and Iran no longer has any restrictions.

Iran and the six signatories to the Vienna nuclear agreement – China, Germany, France, Great Britain, Russia and the United States – are currently working to revive the 2015 agreement. A final agreement has yet to be reached, but the Iranian spokesman expressed confidence that it will be possible soon.

You can listen to the WELT podcast here

To view embedded content, your revocable consent to the transfer and processing of personal data is required, since such consent is required by embedded content providers as third-party providers [In diesem Zusammenhang können auch Nutzungsprofile (u.a. auf Basis von Cookie-IDs) gebildet und angereichert werden, auch außerhalb des EWR]. By setting the toggle switch to „On”, you agree to this (which can be revoked at any time). This also includes your consent to the transfer of certain personal data to third countries, including the United States of America, in accordance with Article 49(1)(a) of the General Data Protection Regulations (GDPR). You can find more information about this. You can withdraw your consent at any time via the toggle and via Privacy at the bottom of the page.

„Kick-off Politics” is WELT’s daily news podcast. The hottest topic analyzed by the WELT editors and today’s dates. Subscribe to the podcast at spotifyAnd the Apple PodcastAnd the amazon music Or directly via RSS feed.

READ  More than 100 boats on their way to Lampedusa
Continue Reading
Click to comment

Leave a Reply

Twój adres e-mail nie zostanie opublikowany. Wymagane pola są oznaczone *

World

An arrested man snatches a gun from police officers and shoots two officers at the clinic

Published

on

Paris – A man arrested for attacking a woman with a knife grabbed an officer at a Paris police station and shot two police officers.

Three people were taken to hospital after the accident. (Avatar) © 123RF/vbaleha

Paris Police Chief Laurent Nunez (60 years old) arrived at the crime scene shortly after the crime occurred around midnight, accompanied by Public Prosecutor Laure Picoau, and explained to reporters that the suspect was arrested around 10 p.m. for “an extremely violent attack on a woman.” With a cutting knife brought to the station.

There, the arrested man grabbed the weapon and seriously injured the officers. Therefore, the two police officers were taken to the hospital; One of them was in danger of death.

The arrested man was reportedly seriously injured when he was shot. The man was also taken to hospital with a wound to his chest, but his life was not in danger.

France
„Moulin Rouge”: One of Paris’s landmarks collapses!

Nunez expressed „grave concern” about the officers’ health and praised the „courage and responsiveness” of police station staff.

In response to a request from Agence France-Presse, the Public Prosecutor’s Office said that three investigations had been opened – one on charges of “attempted murder of women” and the other on “attempted murder of people who engage in public violence.”

The third investigation concerns the use of weapons by officers.

It was first reported at 4:04 a.m., and updated at 7:44 a.m.

READ  Glimpse of war day: Ukraine bombs Russian artillery near nuclear power plant - Shoigu: Kyiv attack fails
Continue Reading

World

Pistorius in the USA: Three missile launchers for Ukraine

Published

on

Pistorius in the USA: Three missile launchers for Ukraine

As of: May 9, 2024 at 9:45 p.m

Defense Minister Pistorius announced the delivery of three missile launch systems to Ukraine during his visit to the United States. He assured his American colleague Austin of Germany’s greater military commitment.

Germany will pay for the delivery of three HIMARS rocket artillery systems from the United States to Ukraine. Defense Minister Boris Pistorius announced this decision in Washington after talks with his American counterpart, Lloyd Austin.

“They come from US Armed Forces stocks and are paid for by us,” he said. The systems cost more than millions. HIMARS („High Mobility Artillery Rocket System”) is a multiple rocket launcher artillery system mounted on a truck chassis.

Boris Pistorius and Lloyd Austin in Washington.

Pistorius emphasizes Germany’s increasing commitment

Ahead of the NATO summit in July, Pistorius wants to use his trip to the United States and Canada to, among other things, correct the critical view of Germany that emerged in previous years and illustrate Germany’s stronger military commitment.

Pistorius stressed Germany’s readiness to bear more military responsibility for security in Europe and the world. He announced that Germany was ready to make „further contributions for a fair transatlantic burden-sharing.” He pointed to the achievement of NATO’s 2% target, the continued deployment of a combat-ready brigade in Lithuania and the Air Defense in Europe initiative initiated by Germany.

Meanwhile, during his meeting with Austin at the Pentagon, Pistorius called on the US government not to relax its shared commitment to Europe. Pistorius was received there with full military honours.

READ  Meeting in Oslo: Barbock against Ukraine's rapid entry into NATO

Praise from Austin

In a speech at the Pentagon, Austin pointed to what Germany is doing to defend Ukraine and NATO, as well as security in the Middle East, Africa and the Balkans.

“Whether it is deterring Kremlin aggression or promoting stability in the Indo-Pacific region, our two proud democracies are moving forward,” Austin said, describing Germany as a “force for peace and security.” “Germany remains one of our strongest and most reliable partners,” he said.

Billion orders in the United States of America

The previous day, Pistorius visited a helicopter factory owned by Boeing Defense in Philadelphia. The CH47-F Chinook heavy transport helicopter is produced there. Germany has ordered 60 of them in the latest Block II variant for the German Army. In the future, they will be the backbone of the Air Force when it comes to transporting personnel and materials. Pistorius was assured that everything was on schedule and delivery could take place by 2027.

Since the beginning of the war in Ukraine, Germany has ordered weapons and equipment for the German army worth 23 billion euros from the United States. In total, there are about 380 contracts with US defense companies.

During the visit of European Parliament President Mitsula, Ukrainian President Zelensky said that Ukraine wants to take the initiative on the front after the arrival of Western weapons.

Ukraine wants to regain the initiative

With the arrival of Western weapons, Ukraine wants to regain the initiative on the front. Ukrainian President Volodymyr Zelensky said in a press conference with the President of the European Parliament, Roberta Mitsola, in Kiev that the Russian armed forces are currently launching an attack in eastern Ukraine, and this is not a secret.

READ  Glimpse of war day: Ukraine bombs Russian artillery near nuclear power plant - Shoigu: Kyiv attack fails

“As soon as the arms shipments arrive, we will stop their initiative,” Zelensky promised. But his army needs „something strong” to make this happen. An outdoor press conference in front of the presidential office was canceled shortly afterwards due to an air raid warning.

According to Zelensky, the Russian army is currently preparing for a major attack. For this purpose, forces will be gathered in the north and east of the front. However, not everything is going as well for the Russians as they thought. The Ukrainian president emphasized: “It is not that I want to raise your morale. This is the reality.”

Continue Reading

World

War in Gaza: Israel criticizes Joe Biden after threatening to stop arms supplies

Published

on

War in Gaza: Israel criticizes Joe Biden after threatening to stop arms supplies

US President’s announcement Joe BidenThe move to suspend arms sales to Israel if it invades densely populated residential areas in Rafah has drawn strong criticism from the Israeli government. Israeli Police Minister Itamar Ben Gvir wrote on the X platform that the Islamic movement Hamas loves Biden.

In turn, Israeli opposition politicians criticized Ben Gvir for putting Israel in danger with such statements. However, Ben Gvir, who is considered a far-right extremist, is not a member of the war cabinet and therefore is not directly involved in key decisions in the Gaza war.

President Isaac Herzog also responded to Ben Gvir X’s post. “We must refrain from baseless, irresponsible and offensive comments and tweets,” he said.

The United States is said to have suspended the delivery of heavy bombs to Israel

Before Ben Gvir, Israel’s ambassador to the United Nations, Gilad Erdan, had already expressed his disappointment with Biden’s announcement. Erdan told Israeli Kan radio: “This is a difficult and very disappointing statement from a president to whom we have been grateful since the beginning of the war.” Biden’s announcement would give Israel’s enemies such as Hamas, Hezbollah and Iran „hope of success.”

READ  Russia appears to be leasing a missile system from Kaliningrad

Biden had told CNN that he supports a large-scale invasion of the southern city, which is crowded with hundreds of thousands of Palestinian refugees. Gaza strip His country will not supply weapons. The US government had already detained a shipment of ammunition due to Israeli actions in Rafah. American media reported that the shipment included 3,500 bombs, including bombs weighing 2,000 pounds (907 kg). According to analysts, Israel uses these devices in the war against Hamas, for example to destroy underground Islamist tunnels.

US Defense Secretary Lloyd Austin explained to Congress on Wednesday that the United States expects Israel to take specific measures in Gaza to protect civilians. However, 2,000-pound bombs can cause „collateral damage.”

„Deep frustration” over limited US support

The news portal reported that senior Israeli officials expressed „deep frustration” over the seized shipment and warned that it could jeopardize indirect negotiations for a ceasefire and the release of hostages. Axios With reference to two anonymous sources.

Israeli Finance Minister Bezalel Smotrich wrote in a statement that Israel had received a reminder “that the war of independence is still ongoing.” When it was founded in 1948, the country also faced a US arms embargo. “Today we will once again achieve complete victory in this war, despite President Biden’s opposition and the arms embargo. We simply have no other choice because this war is an existential battle and anything less than comprehensive victory puts the existence of the United Nations at risk.” “The Jewish state will be put in danger,” Smotrich said.

READ  After the earthquakes in Turkey and Syria: "Everything is missing"

Follow all the current events in the war between Israel and Hamas on our live blog.

Continue Reading

Trending