Friday

29th Mar 2024

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Gazprom says unable to meet European gas needs

Russian gas giant Gazprom has warned that it cannot meet the extra demand from Europe prompted by an extreme cold front crossing the continent from Siberia. “Gazprom at the moment cannot satisfy the additional volumes that our western European partners are requesting,” the company’s deputy chairman Alexander Kruglov said.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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