Friday

29th Mar 2024

Ticker

Gazprom to close Nord Stream 1 for three-days maintenance

Russian energy giant Gazprom said it will close the Nord Stream 1 pipeline from August 31 to 2 September for maintenance. The pipeline supplies natural gas from Russia to Europe. "It is necessary to carry out maintenance every 1,000 hours" of operation, Gazprom said in a statement on August 19. The closure comes amid record high gas prices in Europe, following Russia's invasion of Ukraine.

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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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