Gazprom has fully suspended gas supply to Bulgaria and PGNiG Poland as the two countries have failed to pay Russia in rubles. Gazprom have said they did not received payment… The post Gazprom suspends gas supply to Bulgaria and Poland for failing to pay in rubles under Putin’s orders appeared first on London Business News…
Ukraine forces entered Russia last night and “destroyed” the “Druzhba oil pipeline pump station” which is “Russia’s only oil pipeline to Europe.” A huge fire can be seen in the… The post Ukraine destroys ‘Russia’s only oil pipeline to Europe’ leaving ‘Germany, Austria, and Hungary to get no more Russian oil’ appeared first on London…
New data from the Office for National Statistics has found that almost all adults are facing rising costs, forcing some to borrow money, and leaving many with nothing left to… The post A quarter of British adults struggling to pay bills appeared first on London Business News | Londonlovesbusiness.com.
Energy company bosses have urged MPs to help with the rising energy bills. The Times reported that a typical household’s energy bill rose by about £690, or 54 per cent,… The post Customer worries about energy bills jump, MPs told appeared first on London Business News | Londonlovesbusiness.com.
A deep uncertainty made up of “unknown unknowns” is delaying investments in energy transition technologies such as offshore wind farms or electric vehicles which in turn is slowing down the… The post ‘Unknown unknowns’ are delaying investments and slowing down the energy transition appeared first on London Business News | Londonlovesbusiness.com.
After the government revealed its long-awaited energy strategy this week, there is a notable push for new offshore wind capacity. Ministers hope the new plans will generate up to 50 gigawatts of offshore wind power by 2030. But why is the government still reluctant to commit to onshore wind power? Chris Lomas breaks down the…
The British Foreign Secretary Liz Truss has announced on Wednesday that the UK government are to ramp up their sanctions against Vladimir Putin from being an energy superpower. Truss said… The post UK are to ban the export of all key oil equipment which will cripple Vladimir Putin from being an energy superpower appeared first…
The Energy & Climate Intelligence Unit (ECIU) has warned that British farmers could be left with a £760m bill for fertiliser over the year. The ECIU warned that British farmers… The post On top of ‘Russian sabre-rattling around fertiliser supplies, farmers find themselves on the end of a fossil fuel double whammy’ appeared first on…
New polling by Ipsos in the UK shows Rishi Sunak’s Spring Statement has done little to reduce Britons’ concerns about the rising cost of living. Around the same number of… The post Concern about rising prices has intensified since January appeared first on London Business News | Londonlovesbusiness.com.
Millions of households across Great Britain will begun paying more for their gas and electricity bills from today in what is the biggest ever increase in energy bills. Ofgem’s price… The post Energy price cap increase to leave 5m households in fuel stress appeared first on London Business News | Londonlovesbusiness.com.
