Utilities

Europe's plans to replace Russian gas are deemed 'wildly optimistic' — and could hammer its economy

Europe’s plans to replace Russian gas are deemed ‘wildly optimistic’ — and could hammer its economy

A drilling rig at a gas processing facility, operated by Gazprom. Maxim Shemetov | Reuters The European Union’s best chance to replace Russian gas imports this year is likely to miss the mark, analysts predict, putting further pressure on the region’s economy. The EU plans to replace two-thirds of Russian gas imports by the end …

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Nuclear Power Is Poised for a Comeback. The Problem Is Building the Reactors.

Nuclear Power Is Poised for a Comeback. The Problem Is Building the Reactors.

Western nations are betting big on nuclear power, decades after safety concerns caused it to fall out of favour, only they have lost their expertise in building reactors. Governments want carbon-free electricity from nuclear power to help tackle climate change and reduce dependence on Russian oil and gas. The United States, France and China are …

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Germany Looks at Potential Rationing of Natural Gas After Russia Cuts Supply

Germany Looks at Potential Rationing of Natural Gas After Russia Cuts Supply

BERLIN—The German government moved closer to rationing natural gas on Thursday after Russia cut off deliveries to the country last week in an escalation of the economic war triggered by Moscow’s invasion of Ukraine. Berlin activated the second of its three-step plan to tackle gas shortages after Kremlin-controlled energy giant Gazprom, the country’s biggest gas …

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