Gas

gas

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<p>In another sign of short-term cooling, key timespreads have softened in recent days. Premiums of gasoline over crude fell to the lowest in almost a month. Picture: Danny Lawson/PA</p>

economy

Oil declines on sentiment in Europe and cautious Chinese consumption

Meanwhile, potential risks such as reduced Russian flows through Ukraine or a surge in European gas demand could lead to a price increase

<p>Vermilion seeks, among other things, return of the money it has already paid and declarations that relevant provisions of the EU regulation are invalid as a matter of EU law.</p>

companies

Corrib gas field operator's court challenge to windfall energy tax to be fast tracked

<p>The Paris Agreement on climate has led to a number of deals being struck between governments to reduce emissions, but it has been a struggle to turn this into meaningful action.</p>

news

Oil and gas industry facing 'moment of truth' on clean energy

Energy costs

economy

Europe gas prices set to drop on a mild start to winter

High Court extends Barryroe gas and oil exploration firm's period of protection from creditors

news

High Court extends Barryroe gas and oil exploration firm's period of protection from creditors

Europe Gas Inventories Are 90% Full. It Still May Not Be Enough

economy

Europe's gas storage is 90% full, but this still may not be enough

LNG tanker is passing by Singapore Strait.

Gas falls for eighth week to bring price down 66% this year

The price of gas for delivery in June fell below €25 per megawatt hour, completing a huge slide this week in the key benchmark prices for gas

Fri, 26 May, 2023

Lower wind speeds lead to drop in power generation from wind turbines and surge in gas usage

Lower wind speeds lead to drop in power generation from wind turbines and surge in gas usage

During the same period, gas consumption by households dropped 19% as customers cut back on usage

Wed, 03 May, 2023

Eleven killed in leak of unknown gas in northern India

Eleven killed in leak of unknown gas in northern India

Eleven people have died and four others are in hospital after a gas leak in northern India.

Sun, 30 Apr, 2023

Energy bills

Homeowners reduced gas use far more than industry in 2022

Demand for felt by 12% in 2022, but industrial consumption fell by just 6%, figures show.

Fri, 28 Apr, 2023

Fuel costs

Gas prices slide 15% in past week as crisis eases

Mostly mild weather this winter and efforts to save energy are helping ease a historic energy crisis in Europe

Fri, 27 Jan, 2023

Wind energy cut gas costs by €2bn

Wind energy cut gas costs by €2bn

Wind energy provided 34% of Ireland's electricity needs last year and helped consumers avoid paying €2bn for gas according to new data from Wind Energy Ireland.

Mon, 16 Jan, 2023

Gazprom PJSC's Chayandinskoye Field as Russia Sees Golden Gas Opportunity

Warm winter helps Europe overcome the worst of Russia’s energy squeeze

While a cold snap or delivery disruptions could still throw energy markets into disarray, optimism is growing that Europe can now make it through this winter and next

Sun, 08 Jan, 2023

Germany Energy LNG Terminal

EU reveals high natural gas storage despite Russian cuts

Natural gas storage levels in the European Union stand at nearly 84% and were higher in December than the average amount in reserve four to six years ago despite Russian attempts to choke off supplies, officials said.

Wed, 04 Jan, 2023

Ofgem announcement

Wholesale gas prices slide by 8% across Europe

A warmer-than-expected start to winter in large parts of the world that could linger for weeks is easing fears over gas supplies that had been predicted to trigger outages and add to power bills.

Tue, 03 Jan, 2023

Cop26 backgrounders

Ibec calls for access to subsidies 'to reflect scale' of energy crisis

Businesses are braced for more energy hikes next year

Mon, 19 Dec, 2022

Crude oil at $78 a barrel falls to lowest this year

Crude oil at $78 a barrel falls to lowest this year

The price for Brent crude tumbled $1.20 to $78.15 a barrel, after earlier hitting its lowest level in over 11 months

Wed, 07 Dec, 2022

Climbers in Ireland

Wholesale gas prices turn higher across Europe as temperatures plummet

European natural gas prices rose as plummeting temperatures across the continent boost consumption and test fragile energy systems.

Tue, 06 Dec, 2022

Pans on gas stove

Ireland will not run out of gas this winter, says network operator

The business group that represents the European electricity grid operators says that Irish electricity system, some of which uses gas for power generation, faces what it calls "adequacy risks" through the winter

Tue, 01 Nov, 2022

Kazakhstan Russia Turkey

Turkey and Russia to study Putin’s gas hub proposal

Turkish President Recep Tayyip Erdogan has said his country and Russia have instructed their energy authorities to immediately begin technical studies on a proposal from the Kremlin that would turn Turkey into a gas hub for Europe.

Fri, 14 Oct, 2022

British Gas stock

Doubts whether Ireland will benefit from EU plans to overhaul gas market

Irish wholesale gas prices mainly determined by British market prices, based on supplies from the North Sea

Thu, 13 Oct, 2022

Russia Ukraine War Reaction

Putin says Russia could resume gas supplies to Europe

Several European governments said the undersea explosions that hit both Nord Stream pipelines were likely caused by sabotage, but stopped short of assigning blame.

Wed, 12 Oct, 2022

Energy costs

EU considers Covid-style joint debt to cushion energy crisis impact

Larger EU members, such as Germany, are not convinced the idea is prudent

Tue, 04 Oct, 2022

Sweden Europe Pipelines

Irish Examiner view: Standing in the shadows

During an excessively busy news week — an here; apparently being sabotaged; ; high jinks in; a terrible — it was easy to miss an important report on how Ireland is combatting human trafficking.

Sat, 01 Oct, 2022

Poland EU

Irish Examiner view: Europe’s supervillain is hard at work

Calm heads are needed in the wake of the disruptions to the Nord Stream natural gas pipelines

Thu, 29 Sep, 2022

Germany Uniper

Germany nationalises country’s biggest gas importer Uniper

The German government has agreed to nationalise the country’s biggest gas importing company, Uniper. The move expands state intervention in the industry to prevent an energy shortage resulting from Russia’s war in Ukraine.

Wed, 21 Sep, 2022

Expensive heating

Eoin McGee: Inflation is everywhere we look, but we can control some things

Half of mortgage holders could now be looking at a payment increase, so focus on the bills that can be tackled

Thu, 08 Sep, 2022

Cabinet meeting - Dublin

Redistributing energy profits to consumers will not cut bills in short term, says Ryan

Energy reduction campaign for households and businesses likely to form part of EU discussions

Thu, 08 Sep, 2022

Russia Europe Gas

Russia’s Gazprom keeps gas pipeline to Germany switched off

Gazprom started cutting supplies through Nord Stream 1 in mid-June, blaming delays to the delivery of a turbine that had been sent to Canada for repair

Fri, 02 Sep, 2022

EU Dollar Euro Parity Explainer

Russia temporarily stops gas flow through Nord Stream 1

Russia’s Gazprom has stopped the flow of natural gas through a major pipeline from Russia to Europe, a temporary move it had announced in advance.

Wed, 31 Aug, 2022

Cost of living crisis

Minister told to impose windfall tax on 'wartime profits' of energy firms

Further rises in wholesale gas prices will only mean more profits for the energy companies and will likely also lead to energy bill hikes for households

Tue, 23 Aug, 2022

Germany Russia Ukraine War Gas

Wholesale gas prices spike by 15% on Monday fuelling fears for business and households

The hike was one of the sharpest daily increases since the beginning of the Ukraine invasion

Mon, 22 Aug, 2022

Coronavirus

Oil price drop promises inflation relief but Gazprom warning pushes gas higher

The state-owned Russian company has warned its current prices could jump by almost 60% this winter

Tue, 16 Aug, 2022

Energy price cap drop to cut winter fuels bills

Governments across Europe scramble as gas and electricity prices soar across the board

As pressure builds on all countries, including Ireland, we survey the measures being taken by some of our European neighbours

Tue, 16 Aug, 2022

Installing solar panels, Renewable energy clean and good environment.

'Ireland is one of the most difficult countries to get solar project go-ahead'

Ireland's cumbersome planning process is being accused of blocking Ireland’s transition to cleaner energy with unnecessary delays according to energy experts and individuals looking to alternative home energy.

Sat, 13 Aug, 2022

German fertiliser maker plans for possible 25% drop in gas later this year

German fertiliser maker plans for possible 25% drop in gas later this year

K+S warns that production would have to be cut if Germany's natural gas supply is curtailed due to Russia cutting supplies

Thu, 11 Aug, 2022

Germany Russia Gas

Gas pipeline part is ready for Russia, says German leader

German Chancellor Olaf Scholz has inspected a mechanical turbine at the centre of a natural gas dispute and declared “there are no problems” with the part besides information from Russia’s state-controlled gas company.

Wed, 03 Aug, 2022

Germany Russia Gas

Russia halts gas shipments to Latvia over ‘contract violations’

Russia’s state-owned natural gas corporation has halted shipments to Latvia because of alleged contract violations. In a brief statement, Gazprom said the shipments were stopped because Latvia broke “terms for extraction of gas”.

Sat, 30 Jul, 2022

Germany Russia Gas

'Sigh of relief' for households as gas flows from Russia again but the threat to supply remains

Nord Stream 1 gas flow is back to its pre-maintenance norm of 40% of capacity, easing fears that Russia would halt shipments

Thu, 21 Jul, 2022

Europe Energy

Spain and Portugal reject EU plan to limit natural gas use

The European Union’s plan to reduce the bloc’s natural gas use by 15% to prepare for a potential cut-off by Russia this winter has received sharp scepticism from Spain and Portugal.

Thu, 21 Jul, 2022

Poland Russia Gas

EU wants countries to cut gas use by 15% over winter months

The disruptions in Russian energy trade threaten to trigger a recession in the bloc just as it is recovering from a pandemic-induced slump.

Wed, 20 Jul, 2022

France EU

EU chief says bloc must prepare for complete cut-off of Russian gas

The EU has already imposed sanctions on Russia, including on some energy supplies

Wed, 06 Jul, 2022

Jordan Gas Leak

Jordan’s PM promises inquiry into deadly blast at Red Sea port

Jordan’s prime minister said he has instructed authorities to launch an investigation into the deadly blast the previous day at the Red Sea port of Aqaba that killed at least 13 people.

Tue, 28 Jun, 2022

Germany Energy

Germany warns of gas ‘crisis’ as it activates second phase of emergency plan

Germany has activated the second phase of its three-stage emergency plan for natural gas supplies – saying the country faces a “crisis” and warning that storage targets for the winter are at risk due to dwindling deliveries from Russia.

Thu, 23 Jun, 2022

European Gas Soars as Fire in US Compounds Russia Supply Concern

US fire highlights Europe's precarious gas position

Prices jump after fire shuts terminal resulting in at least 10 missed cargoes

Thu, 09 Jun, 2022

Ukraine Russia

Tougher sanctions needed on Russian oil and gas, says British ambassador to Ireland

British Ambassador to Ireland Paul Johnston, delivering a keynote address at University College Cork, called for further sanctions on oil and gas from Russia.

Fri, 06 May, 2022

Germany Russia Fossil Fuels

Ireland will be 'fully exposed' to price hikes from Russian oil and gas embargo, says Ryan

Eamon Ryan said Ireland has no direct exposure to Russian gas and oil, but this country is fully exposed to the global price hike that will ensue

Mon, 02 May, 2022

Race to replace Russian gas with wind delayed by red tape

Race to replace Russian gas with wind delayed by red tape

The main blockage on the way to Europe's energy security is neither technical nor financial but bureaucratic — leading to increasing calls to fast-track approval for renewable schemes

Mon, 02 May, 2022

Irish Examiner view: Putin’s 'gas imperialism' move comes a no surprise

Irish Examiner view: Putin’s 'gas imperialism' move comes a no surprise

Russia shut down supplies of fuel to Poland and Bulgaria, and threatens to do likewise to other European countries

Thu, 28 Apr, 2022

Europe Russia Gas

European nations accuse Russia of natural gas ‘blackmail’

Polish and Bulgarian leaders have accused Moscow of using natural gas to blackmail their countries after Russia’s state-controlled energy company stopped supplying their countries with gas.

Wed, 27 Apr, 2022