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Europe's Goodbye to Russian Gas Lacks Specifics on Finding Replacements
Europe's Goodbye to Russian Gas Lacks Specifics on Finding Replacements

Bloomberg

time07-05-2025

  • Business
  • Bloomberg

Europe's Goodbye to Russian Gas Lacks Specifics on Finding Replacements

Welcome to our guide to the commodities markets powering the global economy. Today, reporter John Ainger examines the European Union's declaration to wean itself off Russian gas supplies. Just a few weeks ago, Russian President Vladimir Putin was brimming with confidence when he said gas flows to Europe via pipeline could be stepped up. There even were signs that US President Donald Trump might be on board.

World Leaders From China to EU Hold Climate Meeting Without US
World Leaders From China to EU Hold Climate Meeting Without US

Bloomberg

time23-04-2025

  • Politics
  • Bloomberg

World Leaders From China to EU Hold Climate Meeting Without US

By and John Ainger Save Heads of state and government leaders including Chinese President Xi Jinping and European Commission President Ursula von der Leyen are taking part in a two-hour long virtual meeting aimed at returning focus to climate action in an increasingly challenging global context. Notably representatives from the US are not on the call organized by United Nations Secretary-General António Guterres and Brazil President Luiz Inácio Lula da Silva on Wednesday.

Group of EU Nations Holds Talks on Relaxing Gas Storage Targets
Group of EU Nations Holds Talks on Relaxing Gas Storage Targets

Bloomberg

time04-02-2025

  • Business
  • Bloomberg

Group of EU Nations Holds Talks on Relaxing Gas Storage Targets

By , John Ainger, and Petra Sorge Save A group of European countries that hold the biggest reserves in the region have held early stage and informal talks about softening refilling targets after 2025 amid concerns that high prices are making it unprofitable to store gas. European Union rules requiring storage to be 90% full by Nov. 1 expire at the end of this year. The European Commission has made clear that it would like to continue the requirement but a there are discussions among a group of countries including Germany, Italy, and the Netherlands to support a relaxation of the target.

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