
Russia introduces sanctions against Katharina UGS operator in Germany
Russia introduces special economic measures against the operator of the Katharina underground gas storage (UGS) in Germany.

Russia introduces special economic measures against the operator of the Katharina underground gas storage (UGS) in Germany.
Europe’s natural gas supplies are at “unprecedented risk” for the coming winter as a result of Russia cutting off the majority of pipeline resources leading to Europe.
The International Energy Agency (IEA) has predicted that global gas markets will remain tight next year as Russian piped gas supplies dwindle despite gas demand falling in Europe in response to high prices and energy saving measures.
Chinese companies that have signed long-term contracts to buy U.S. liquefied natural gas have been selling their excess inventories to Europe and reaping big profits from the sales thanks to weak demand in China, the Wall Street Journal reports.
Natural gas prices have continued falling with natural gas futures adding to their losses in early trading Monday as the markets fret over receding domestic demand prospects, rising production and possible disruption for American LNG export.

Germany’s industry, a large consumer of increasingly sparse and expensive gas, could reduce its climate footprint and exposure to fossil imports significantly by switching to electric heat, a new report found.
Slovakia is calling on the European Union to do something about the high profits some EU countries make when reselling cheap Slovak electricity, threatening to use it for their households and producers but at a far lower price.
As the EU talks of ‘freedom’ from Russian gas for central and eastern Europe and the Balkans, brought by increased imports from Azerbaijan, sceptics warn it comes at a cost: increased reliance on a country engaged in a conflict and with a recent history of bribery and corruption in Europe.
The new UK energy secretary Jacob Rees-Mogg envisions the use of hydrogen in heating homes, something energy experts and scientists strongly advise against.
A 3-year-old toddler performs the ultimate test for buying an electric heater before recommending it to his father.