Ukraine has had its gas supplies from Russia cut off due to the ongoing dispute between the two nations, which could lead to a Europe-wide shortage in the coming months. Gazprom is Russia’s government-owned gas giant, and has now informed Ukraine that it needs to settle its debt and pay for any future gas supplies upfront. All supplies passing through … Read More
Wholesale gas prices rise as Europe freezes
Energy suppliers are warning that wholesale gas is being traded at significantly higher prices than it was a fortnight ago. In winter 2012 we rely on imported gas more than ever. This was the main reason given for the recent winter price rises made by all big six suppliers, and it seems foreign imports are not just a problem in … Read More