energycrisis
Prime Minister Denys Shmyhal on June 7 called on state authorities to reduce electricity consumption amid Russia's continuing attacks on energy infrastructure. A recent uptick in Russian strikes put a heavy strain on Ukraine's power grid, with several power plants being destroyed or disabled. Due to resulting power deficits, Ukraine began implementing rolling shutdowns on May 15. The blackouts last from four to eight hours on average and could be carried out up to three times per day. In a post on Telegram on June 7, Shmyhal said that, as well as fixing infrastructure, a second approach was al...
Kyiv Independent (UK)
Prime Minister Denys Shmyhal on June 7 called on state authorities to reduce electricity consumption amid Russia's continuing attacks on energy infrastructure. A recent uptick in Russian strikes put a heavy strain on Ukraine's power grid, with several power plants being destroyed or disabled. Due to resulting power deficits, Ukraine began implementing rolling shutdowns on May 15. The blackouts last from four to eight hours on average and could be carried out up to three times per day. In a post on Telegram on June 7, Shmyhal said that, as well as fixing infrastructure, a second approach was al...
Kyiv Independent (CA)
Prime Minister Denys Shmyhal on June 7 called on state authorities to reduce electricity consumption amid Russia's continuing attacks on energy infrastructure. A recent uptick in Russian strikes put a heavy strain on Ukraine's power grid, with several power plants being destroyed or disabled. Due to resulting power deficits, Ukraine began implementing rolling shutdowns on May 15. The blackouts last from four to eight hours on average and could be carried out up to three times per day. In a post on Telegram on June 7, Shmyhal said that, as well as fixing infrastructure, a second approach was al...
Kyiv Independent
Energy workers came under a Russian Lancet drone attack in eastern Donetsk Oblast during repair work, the Energy Ministry said on May 19. There were no casualties and the workers halted their work to be transferred elsewhere, according to the ministry's statement on Facebook. The latest drone attack on energy workers comes as Russia continues to target Ukraine's energy infrastructure with various types of weapons across the country. Russia aims to destroy Ukraine's power grid, a brutal campaign condemned by Kyiv and Western allies. According to the Geneva Convention, attacking vital public inf...
Kyiv Independent
Energy workers came under a Russian Lancet drone attack in eastern Donetsk Oblast during repair work, the Energy Ministry said on May 19. There were no casualties and the workers halted their work to be transferred elsewhere, according to the ministry's statement on Facebook. The latest drone attack on energy workers comes as Russia continues to target Ukraine's energy infrastructure with various types of weapons across the country. Russia aims to destroy Ukraine's power grid, a brutal campaign condemned by Kyiv and Western allies. According to the Geneva Convention, attacking vital public inf...
Kyiv Independent (UK)
Energy workers came under a Russian Lancet drone attack in eastern Donetsk Oblast during repair work, the Energy Ministry said on May 19. There were no casualties and the workers halted their work to be transferred elsewhere, according to the ministry's statement on Facebook. The latest drone attack on energy workers comes as Russia continues to target Ukraine's energy infrastructure with various types of weapons across the country. Russia aims to destroy Ukraine's power grid, a brutal campaign condemned by Kyiv and Western allies. According to the Geneva Convention, attacking vital public inf...
Kyiv Independent (CA)
As European gas prices soar eight times their 10-year average, countries are introducing policies to curb the impact of rising prices on households and businesses. These include everything from the cost of living subsidies to wholesale price regulation. Overall, funding for such initiatives has reached $276 billion as of August. With the continent thrown into uncertainty, the above chart shows allocated funding by country in response to the energy crisis. Q2 2022 hedge fund letters, conferences and more The Energy Crisis, In NumbersUsing data from Bruegel, the below table reflects spending on ...
ValueWalk
Europe has been searching for new sources of energy since Russia invaded Ukraine, and now the need has suddenly become much greater. Russia’s majority state-owned energy giant Gazprom said Monday that it cannot comply with gas contracts in Europe due to unforeseeable circumstances. Energy Crisis In Europe Heats To BoilingUniper, the German energy firm, confirmed to CNBC that Gazprom had claimed “force majeure” on its gas supplies. That legal term refers to a situation in which unforeseeable circumstances prevent one party to a contract from being able to fulfill their duties as set forth in th...
ValueWalk
The global energy crisis will continue to deepen and should act as an alarm call now about the decent long-term future rewards in sustainable investments, says the CEO of a leading global financial giant. Q1 2022 hedge fund letters, conferences and more On Monday, the European Union agreed to forge ahead with a partial ban on Russian oil. The action forbids the purchase of crude oil and petroleum products from Russia delivered to member states by sea. It follows news that six million households face power blackouts over winter due to Russian threats that it will cut the EU’s gas supply, with t...
ValueWalk
As the northern hemisphere prepares for the winter, bleak headlines warn of an energy crisis enveloping much of Europe and North America. The transition to cleaner energy sources, combined with an unusually cold season last year depleting natural gas reserves, and the resulting inflation on coal and oil prices have created a perfect storm for the energy markets. In the UK, heavily dependent on natural gas to generate electricity, wholesale prices have soared over 1,400%. Q3 2021 hedge fund letters, conferences and more The energy crisis comes as industries across the board are being forced to ...
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