Indonesian Parliament Approves $24 Billion in Energy Subsidies

The Indonesian parliament has approved a government request to pump $24 billion into energy subsidies to help cancel out the surge in domestic energy prices driven by global inflation. Parliament greenlighted on Thursday additional energy subsidies worth 74.9 trillion rupiah …

Read more

Russian Operator Cuts Electrical Supply to Finland

Fourth EstateThe Russian electrical generating plant in Balakovo, Saratov Oblast, Russia (file photo) - Alexander Groshev

Russian energy company, RAO Nordic has suspend deliveries of electricity to Finland on Saturday, citing problems with payments. RAO Nordic claims it had not been paid for previous deliveries. “This situation is exceptional and happened for the first time in …

Read more

France’s Power Grid Strained After Shutting Down 50% of Nuclear Reactors for Maintenance

Fourth EstateVapor fume from Cooling towers of nuclear power plants in France (Saint-Laurent Nuclear Power Plant) (2016 File Photo) - L. Amiot

France decided to shut down half of its nuclear reactors for maintenance which has put a strain on the country’s power supply. Electricite de France (EDF) shut down 28 reactors due to corrosion issues that were discovered at numerous facilities, …

Read more

Russia to Suspend Natural Gas Supplies to Poland, Bulgaria

Russian gas giant Gazprom told Poland and Bulgaria that it will suspend sending gas supplies from April 27. Polish state gas company PGNiG and the Bulgarian Energy Ministry said that Russia had informed them of the suspension. PGNiG bought 53% …

Read more

Peru Implements Fuel Tax Suspensions

Csaba Lehel (infodog)Oil Tanker Refilling - Csaba Lehel/Flickr

The Finance Ministry of Peru announced it would exclude some types of gasoline and diesel from the selective consumption tax on Sunday to fight surging prices caused by the Russia-Ukraine conflict. The government said the measure would suspend taxes on …

Read more

Germany Launches Gas Emergency Plan

Fourth Estate"Russia" on a section of gas pipe on Nord Stream 2

Germany has launched an emergency plan in case fuel stops arriving from Russia. German Vice-Chancellor, Minister for Economic Affairs and Climate Protection Robert Habeck claimed there are no fuel shortages yet but a plan needs to be in place in …

Read more

US and EU Strike LNG Deal to Cut Europe’s Dependence on Russian Gas

The United States has agreed to supply 15 billion cubic meters of liquefied natural gas (LNG) to the European Union to help it transition out of using Russian gas. Russia’s invasion of Ukraine has pushed fuel prices to record highs, …

Read more

Leaders of Egypt, Israel, and UAE Discuss Energy, Security

The leaders of Egypt, Israel, and UAE held a trilateral meeting on Tuesday where they focused on strengthening relations between their countries and the importance of cooperation to meet the aspirations of development and stability in the region. Egypt’s President …

Read more

US, Europe Mulls Banning Russian Oil Imports

The United States said that it was in “active discussions” with Europe about banning imports of Russian crude in what could possibly be a major move in a series of penalties for Moscow’s invasion of Ukraine. “We are now in …

Read more