Tag #Energy Crisis

Showing 265 to 276 of 390 results

nrc.nl

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Jan 3, 16:09

Transnistria Energy Crisis: Moldova Faces Political Fallout from Expired Gas Contract

The termination of a Russian gas transit contract through Ukraine on January 1st, 2024, has plunged Transnistria, a separatist region of Moldova, into an acute energy crisis, leaving residents without central heating or hot water, while Moldova faces sharply increased energy costs and political unce...

Transnistria Energy Crisis: Moldova Faces Political Fallout from Expired Gas Contract

The termination of a Russian gas transit contract through Ukraine on January 1st, 2024, has plunged Transnistria, a separatist region of Moldova, into an acute energy crisis, leaving residents without central heating or hot water, while Moldova faces sharply increased energy costs and political unce...

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Affordable and Clean Energy

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How did Transnistria's previous energy arrangement with Russia contribute to the current crisis?

Transnistria, for over 15 years, benefited from free Russian gas, using it to generate electricity sold cheaply to Moldova. This arrangement ended with the contract expiration, creating the current crisis and leaving Moldova facing higher energy costs, particularly as it relies on Transnistria for about 80 percent of its energy needs. Moldova's government is disputing Russia's claim of a 700 million euro debt, with an independent audit revealing a far smaller amount.

dw.com

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Jan 3, 19:10

Slovakia's Fico Shifts Pro-Russia, Jeopardizing Ukraine and EU Unity

Slovak Prime Minister Robert Fico's pro-Russian stance, marked by halting Russian gas transit and threatening to cut power to Ukraine, stems from Slovakia's economic struggles and internal political instability, straining EU unity and jeopardizing Ukraine's energy security.

Slovakia's Fico Shifts Pro-Russia, Jeopardizing Ukraine and EU Unity

Slovak Prime Minister Robert Fico's pro-Russian stance, marked by halting Russian gas transit and threatening to cut power to Ukraine, stems from Slovakia's economic struggles and internal political instability, straining EU unity and jeopardizing Ukraine's energy security.

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Peace, Justice, and Strong Institutions

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What are the immediate consequences of Slovak Prime Minister Robert Fico's pro-Russian shift on Ukraine and the EU?

Facing mounting economic challenges and a fragile coalition, Slovak Prime Minister Robert Fico has shifted to a pro-Russian stance, jeopardizing relations with Ukraine and the EU. His government's decision to halt Russian gas transit through Slovakia, coupled with threats to cut power to Ukraine, has sparked international condemnation and fueled domestic political instability. This action directly impacts Ukraine's energy security and further strains EU unity.

theguardian.com

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Jan 2, 16:12

Russia Halts Gas Transit Through Ukraine, Sending European Prices Soaring

The wholesale price of gas in Europe hit a 1-year high after Russia ended gas supplies through Ukraine on January 1st, 2025, causing immediate price increases and highlighting Europe's energy security vulnerabilities.

Russia Halts Gas Transit Through Ukraine, Sending European Prices Soaring

The wholesale price of gas in Europe hit a 1-year high after Russia ended gas supplies through Ukraine on January 1st, 2025, causing immediate price increases and highlighting Europe's energy security vulnerabilities.

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What is the immediate impact of Russia halting gas supplies through Ukraine on European energy markets?

The wholesale price of gas in Europe surged to its highest point in over a year after Russia halted gas supplies through Ukraine. This price increase, reaching \u20ac49.83 per megawatt hour, follows the expiration of a long-standing transit contract between Russia and Ukraine, resulting in immediate impacts on European energy markets. Storage levels are depleting at an alarming rate, raising concerns about energy security.

npr.org

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Jan 2, 10:09

Puerto Rico Restores Power After New Year's Eve Blackout

A massive power outage plunged Puerto Rico into darkness on New Year's Eve, impacting nearly all 1.47 million utility customers; power was restored to 98% by Wednesday afternoon, with full restoration expected within two days, due to an underground electric line failure.

Puerto Rico Restores Power After New Year's Eve Blackout

A massive power outage plunged Puerto Rico into darkness on New Year's Eve, impacting nearly all 1.47 million utility customers; power was restored to 98% by Wednesday afternoon, with full restoration expected within two days, due to an underground electric line failure.

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What are the underlying causes of Puerto Rico's persistent electricity problems, and how have recent events exacerbated these challenges?

The island's power grid, weakened by Hurricane Maria in 2017, continues to suffer from instability. This latest outage, affecting almost the entire archipelago, highlights the persistent fragility of the system and its vulnerability to even localized failures. The ongoing issues underscore the need for significant grid modernization and resilience improvements.

it.euronews.com

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Jan 2, 16:12

Ukraine Halts Russian Gas Transit, Impacting EU Energy Supply

On January 1st, 2024, Ukraine stopped Russian gas transit through its pipelines, impacting the EU's energy supply; Slovak Prime Minister Robert Fico says this will harm the EU more than Russia, citing potential losses of \u20ac120 billion for the EU and \u20ac500 million annually for Slovakia.

Ukraine Halts Russian Gas Transit, Impacting EU Energy Supply

On January 1st, 2024, Ukraine stopped Russian gas transit through its pipelines, impacting the EU's energy supply; Slovak Prime Minister Robert Fico says this will harm the EU more than Russia, citing potential losses of \u20ac120 billion for the EU and \u20ac500 million annually for Slovakia.

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How did Slovakia's dependence on Russian gas influence its attempts to negotiate an extension of the gas transit agreement?

The decision by Ukraine not to renew the gas transit agreement with Russia, despite Slovakia's attempts to persuade them otherwise, highlights the complex geopolitical energy landscape. This disruption underscores the EU's reliance on Russian gas and the potential for significant economic consequences resulting from geopolitical tensions. Slovakia, heavily reliant on this Russian gas (two-thirds of its needs), received approximately 3 billion cubic meters annually.

nos.nl

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Jan 2, 19:09

High European Gas Prices: Reduced Supply and Unfavorable Weather Drive Costs Up

European natural gas prices have surged to over \"50 euros\" per megawatt-hour, exceeding levels from a year ago due to reduced Russian supply, tight LNG markets, and poor weather. This has resulted in lower-than-average gas storage levels across Europe and higher energy tariffs, prompting consumers...

High European Gas Prices: Reduced Supply and Unfavorable Weather Drive Costs Up

European natural gas prices have surged to over \"50 euros\" per megawatt-hour, exceeding levels from a year ago due to reduced Russian supply, tight LNG markets, and poor weather. This has resulted in lower-than-average gas storage levels across Europe and higher energy tariffs, prompting consumers...

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What are the main factors driving the current high natural gas prices in Europe, and what are the immediate consequences for consumers?

The price of natural gas in Europe has reached its highest point in over a year, currently around \"50 euros per megawatt-hour\", compared to \"30 euros\" a year ago. This increase is due to reduced Russian gas supplies, tight liquefied natural gas (LNG) markets, and unfavorable weather conditions that decreased renewable energy production, thus increasing gas demand for electricity generation. Higher gas prices have led to increased energy tariffs for consumers starting January 1st, prompting many to secure fixed-rate contracts.

cnbc.com

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Jan 3, 16:09

Transnistria Energy Crisis: Russia Halts Gas, Moldova Declares Emergency

Transnistria, a pro-Russian region of Moldova, faces a severe energy crisis after Russia halted gas supplies via Ukraine, impacting hundreds of thousands and forcing most industries to close; Moldova's government calls this an act of "gas blackmail", raising geopolitical tensions and impacting upcom...

Transnistria Energy Crisis: Russia Halts Gas, Moldova Declares Emergency

Transnistria, a pro-Russian region of Moldova, faces a severe energy crisis after Russia halted gas supplies via Ukraine, impacting hundreds of thousands and forcing most industries to close; Moldova's government calls this an act of "gas blackmail", raising geopolitical tensions and impacting upcom...

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What are the immediate consequences of the energy crisis in Transnistria resulting from the cutoff of Russian gas supplies?

Following the termination of a five-year gas transit agreement between Russia and Ukraine, Transnistria, a pro-Russian region of Moldova, faces a severe energy crisis. Hundreds of thousands lack heating and power, forcing most industrial companies to close, except for food producers. This has led to the declaration of a state of emergency in Moldova.

dw.com

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Jan 3, 16:09

Moldova's Economy Faces 2025 Challenges After Difficult 2024

Moldova's 2024 economy saw minimal 0.6% growth, hampered by drought, high energy costs, and insufficient investment, leading to a predicted difficult 2025 winter and slow recovery, despite government efforts.

Moldova's Economy Faces 2025 Challenges After Difficult 2024

Moldova's 2024 economy saw minimal 0.6% growth, hampered by drought, high energy costs, and insufficient investment, leading to a predicted difficult 2025 winter and slow recovery, despite government efforts.

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No Poverty

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How did government policies attempt to address the economic crisis, and what were their limitations?

These issues stem from structural problems like poor infrastructure, limited private investment, and energy sector vulnerabilities. High inflation (5% average consumer price increase in September 2024 compared to December 2023) and persistent poverty exacerbate the situation.

themarker.com

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Jan 2, 10:09

Europe, Asia Markets Open 2025 with Mixed Results Amidst Energy and Political Uncertainty

European markets opened 2025 with mixed results; Germany's employment hit a record high in 2024, while natural gas prices surged due to halted Russian supply via Ukraine; Asian markets mostly declined, with China's manufacturing PMI below expectations.

Europe, Asia Markets Open 2025 with Mixed Results Amidst Energy and Political Uncertainty

European markets opened 2025 with mixed results; Germany's employment hit a record high in 2024, while natural gas prices surged due to halted Russian supply via Ukraine; Asian markets mostly declined, with China's manufacturing PMI below expectations.

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Decent Work and Economic Growth

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What were the immediate market reactions and economic indicators in Europe and Asia at the start of 2025?

European markets opened 2025 with mixed results, awaiting PMI data. London and Frankfurt remained unchanged, while Paris fell 0.4%, Milan rose 0.2%, and Madrid 0.1%. The Euro held steady against the dollar at $1.035, while the Pound fell 0.1% to $1.25.

pda.kp.ru

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Jan 2, 13:08

Ukraine Halts Russian Gas Transit to Europe

Ukraine ended Russian gas transit to Europe on January 1, 2024, after the expiration of a five-year contract, impacting countries like Slovakia and Moldova the most. Russia blames the United States for this action, which it claims is part of a broader effort to reshape the European energy market.

Ukraine Halts Russian Gas Transit to Europe

Ukraine ended Russian gas transit to Europe on January 1, 2024, after the expiration of a five-year contract, impacting countries like Slovakia and Moldova the most. Russia blames the United States for this action, which it claims is part of a broader effort to reshape the European energy market.

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What are the immediate economic consequences of Ukraine halting Russian gas transit to Europe?

On January 1, 2024, Ukraine ceased Russian gas transit to Europe, impacting countries like Slovakia and Moldova most severely. Approximately 16.2 billion cubic meters of gas transited through Ukraine in 2023, with Russia aiming to redirect about a third via the TurkStream pipeline, resulting in a monthly shortfall of roughly 1 billion cubic meters for Europe.

kathimerini.gr

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Jan 2, 16:13

European Gas Prices Surge After Halt of Russian Supply Through Ukraine

On January 1st, European natural gas prices spiked 4.3% to €51/MWh due to halted Russian gas transit through Ukraine, impacting Central Europe, depleting reserves faster than in 2021, and intensifying reliance on more expensive LNG imports.

European Gas Prices Surge After Halt of Russian Supply Through Ukraine

On January 1st, European natural gas prices spiked 4.3% to €51/MWh due to halted Russian gas transit through Ukraine, impacting Central Europe, depleting reserves faster than in 2021, and intensifying reliance on more expensive LNG imports.

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How will the increased reliance on LNG affect Central and Eastern European countries lacking sea access?

The disruption of Russian gas supplies, coupled with sub-zero temperatures forecast for some European countries, increases heating demand and further strains already low gas reserves. This situation highlights Europe's dependence on LNG, particularly for landlocked Central and Eastern European nations facing higher transportation costs. Slovakia estimates additional costs of €177 million for Western gas imports.

gr.euronews.com

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Jan 2, 22:08

Ukraine Halts Russian Gas Transit, Slovakia Predicts EU Harm

Ukraine halted Russian natural gas transit to the EU on January 1, 2024, after refusing to renew a pre-war transit agreement with Gazprom, a move that Slovakian Prime Minister Robert Fico believes will primarily harm the EU due to its energy dependence on Russia.

Ukraine Halts Russian Gas Transit, Slovakia Predicts EU Harm

Ukraine halted Russian natural gas transit to the EU on January 1, 2024, after refusing to renew a pre-war transit agreement with Gazprom, a move that Slovakian Prime Minister Robert Fico believes will primarily harm the EU due to its energy dependence on Russia.

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What are the immediate economic consequences for the EU of Ukraine's halting of Russian gas transit?

On January 1st, 2024, Ukraine halted Russian natural gas transit through its pipelines to the EU, a move that Slovakian Prime Minister Robert Fico claims will harm the EU more than Russia. This decision follows Ukraine's refusal to renew a pre-war transit agreement with Gazprom, Russia's state energy giant. Slovakia, heavily reliant on this inexpensive gas, had lobbied to renew the agreement, warning of potential energy price increases.

Showing 265 to 276 of 390 results