Free Republic

Russian President Vladimir Putin on Wednesday offered to resume gas supplies to Europe through the intact part of the Nord Stream 2 gas pipeline. "The ball is in the EU's court. If they want to, then the taps can be turned on and that's it," he said in a speech at an energy forum in Moscow. Germany, however,,said it would not take Russian gas via the Nord Stream 2 pipeline that has become a flashpoint in the Ukraine crisis. Asked if Berlin would rule out the use of Nord Stream 2, German government spokeswoman Christiane Hoffmann said, "Yes."

... The stand-off with Russia has forced countries like Germany to find supplies elsewhere, and its stores have increased from less than half full in June to 84% full today. German Chancellor Olaf Scholz told journalists Germany would get through the winter, adding that Russia was "no longer a reliable energy partner". He said the government would make one-off payments to pensioners, people on benefits and students. There would also be caps on energy bills. Some 9,000 energy-intensive businesses would receive tax breaks to the tune of €1.7bn. A windfall tax on energy company profits would also be used to...

Austrian Chancellor Karl Nehammer backs a European Union-wide cap on runaway electricity prices, he said in a statement issued by his office on Sunday. Austria's conservative-led government was initially sceptical at the idea of capping power prices but it has warmed to the idea as they have continued to rise in line with soaring gas prices following Russia's invasion of Ukraine. "We must finally stop the madness that is taking place in energy markets. And that can only happen through a European solution," the statement quoted Nehammer as saying, adding that he would seek to convince holdouts in the bloc....

U.S. natural gas prices take a sharp turn lower after Freeport LNG said on Tuesday it now expects to restart its shuttered export plant in early to mid-November, and ramp up to a sustained level of at least 2B cf/day by the end of November, delaying the timeline from a previous estimate of October. Freeport LNG's newest recovery plan will utilize the company's second loading dock as a lay berth until loading capabilities at the second dock are reinstated in March 2023, when it anticipates being capable of operating at 100% of capacity. Nymex front-month natural gas futures (NG1:COM) for...

Russian gas producer Gazprom said on Saturday it had stopped supplying gas to EU member state Latvia, accusing it of violating conditions for gas withdrawal. "Today, Gazprom suspended its gas supplies to Latvia... due to violations of the conditions" of purchase, the company said on Telegram. It was not specified which withdrawal condition had been violated. The move comes a day after Latvian energy firm Latvijas Gaze said it was buying gas from Russia and paying in euros rather than in rubles. In March Russian President Vladimir Putin said countries deemed unfriendly to Moscow would have to pay for gas...

Russia cut its gas supply to top Dutch trader GasTerra on Tuesday, escalating the economic battle between Moscow and Brussels and pushing up European gas prices. The move comes a day after Denmark flagged a potential end to its Russian gas supply and the European Union's toughest measure yet against Russia for its invasion of Ukraine, an agreement to halt sea-borne imports of its oil. GasTerra, which buys and trades gas on behalf of the Dutch government, said it had contracted elsewhere for the 2 billion cubic metres of gas it had expected to receive from Gazprom through October. "This...