The energy crisis creates a new European order: strong Italy and ailing Germany

MILAN/FRANKFURT (Reuters) – In the weeks following Russia’s invasion of Ukraine on February 24, Claudio Descalzi, CEO of major Italian energy company Eni. (ENI.MI)I embarked on a whirlwind of trips to Africa’s gas suppliers. The visits included meetings with officials in Algeria in February as well as talks in Angola, Egypt and the Republic of … Read more

Russia issues new nuclear warning as disputed Ukraine referendum ends

Putin ally issues stark new nuclear warning NATO says it won’t go to war after a nuclear strike Voting ends on Ukraine’s annexation Russian undersea gas pipelines mysteriously damaged LONDON/ZAPORECHA, Ukraine (Reuters) – An ally of President Vladimir Putin issued a stark new nuclear warning to Ukraine and the West on Tuesday, as Russia began … Read more

Gas crisis plunges LNG shipping market into the hands of energy giants

LONDON/SINGAPORE (Reuters) – The skyrocketing price of liquefied natural gas (LNG) shipping has alienated dozens of small traders, concentrating business in the hands of a handful of major global energy companies and major global trading houses. This grip is not expected to ease until 2026 when more LNG begins to emerge and lower prices, raising … Read more

Ukraine incursion into liberated lands, separatists call for urgent referendum

Ukraine says its forces have captured a village near Lyschansk Separatist leader calls for urgent referendum to join Russia “Obviously the occupiers are in a panic,” Zelensky IZYUM (Ukraine) (Sept 20) (Reuters) – Ukraine said its forces have pushed east into an area recently ceded by Russia, paving the way for a possible attack on … Read more