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Showing posts with label energy. Show all posts
Showing posts with label energy. Show all posts

Tuesday, July 8, 2025

Politics in Europe > Fico ‘ready to fight’ for Russian gas; German refinery town that supplies Berlin wants Russian oil again

 

EU nation ‘ready to fight’ for Russian gas – PM


Slovakia’s Robert Fico has slammed Brussels’ planned phase-out of Russian energy as an ideological decision and a threat to sovereignty
EU nation ‘ready to fight’ for Russian gas – PM











Slovakia is “ready to fight” for its right to import Russian gas and will continue to block Brussels’ proposals to phase out Russian energy, Prime Minister Robert Fico said on Saturday.

Fico stressed that energy security is a strategic priority for Slovakia, and that EU efforts to change its supply mix threaten national sovereignty.

Slovakia vetoed the EU’s 18th round of sanctions on Russia for the second time on Friday, citing concerns over the RePowerEU plan, which seeks to cut Russian energy imports by 2028. The plan is being discussed alongside sanctions targeting Russia’s energy and financial sectors.

Brussels is seeking to pass the phase-out as trade legislation – requiring only a qualified majority. Fico insists, however, that the plan amounts to sanctions and must be unanimously approved. He previously warned that the move could jeopardize energy security, raise prices, and trigger costly arbitration with Gazprom over Slovakia’s long-term energy contract.

Speaking during celebrations for Slovakia’s Saints Cyril and Methodius Day, Fico called the phase-out plan a “disruption” of Slovakia’s national interests.

“We refuse to support another sanctions package against the Russian Federation, unless we know who will protect us, and how, and compensate for the damage that will be caused to Slovakia by the ideological proposal of the European Commission to stop supplies of Russian gas,” he said.

“Slovakia wants to be sovereign and self-determined. And we must answer whether we are ready to fight for it. I am ready to fight this difficult battle. We are going to get through it.”

Fico added that vetoing the phase-out means “fighting for our households and businesses” so they won’t bear the costs of “harmful ideological decisions” from Brussels.

He went on to say that Slovakia is at a crossroads – between giving in to pressure from “bureaucratic structures” in Brussels and defending its interests. He urged the public to choose the latter and accused the EU of ignoring national interests and violating international law by forcing harmful policies onto member states. Fico argued that Slovakia must pursue cooperation “based on equality and mutual benefit,” not external political agendas.

Hungary has also blocked the Russian energy phase-out plan, with Foreign Minister Peter Szijjarto warning that it would “destroy Hungary’s energy security” and cause price spikes.

Moscow has condemned the Western sanctions as illegal and counterproductive, particularly those targeting energy, noting that energy prices in the EU surged after the initial sanctions on Russia were introduced in 2022. Russian officials warn that the EU’s rejection of Russian supplies will push it toward more expensive imports or rerouted Russian energy via intermediaries.




German town wants Russian oil back – Politico


Schwedt faces mass layoffs due to problems at a local refinery after EU sanctions cut off its access to Russian supplies
German town wants Russian oil back – Politico











The authorities in the German town of Schwedt want sanctions on Russian oil lifted due to growing problems at a local refinery that depended on Russian supplies, Politico reported on Friday, citing local officials.

The report focuses on Germany’s fourth-largest refinery, Schwedt PCK, where Rosneft remains the majority owner. The facility, which supplies over 90% of the oil used by the city of Berlin, lost access to Russian crude in 2022 after Moscow halted pipeline deliveries to Poland and Germany due to EU sanctions.

Though the plant switched to alternate supplies, it has not returned to full capacity and currently operates at 80%, Danny Ruthenberg, chief of the refinery’s works council, told the outlet. He warned the facility is now “in the red” due to having fixed operating costs and could be forced to begin layoffs if the situation persists.

Schwedt Mayor Annekathrin Hoppe told Politico the refinery’s troubles threaten the entire town given that about 20% of Schwedt’s 30,000 residents depend on it for their livelihood.

“The refinery is the reason the town exists,” Hoppe said, adding that she would appeal to the federal government for action, including through resuming Russian imports.

“Of course we don’t accept the war… but traditionally we have always had good relations with Russia.”

Ruthenberg echoed the sentiment, saying renewed Russian supplies could stabilize operations. “When peace is there again, then you have to trade with Russia,” he stated.

Russian energy exports to the EU dropped sharply due to sanctions and further declined after Kiev let a key gas transit deal expire in January. Brussels has since been pushing to phase out Russian energy imports altogether by 2028. However, countries such as Slovakia and Hungary oppose the move, while experts and opposition parties across the bloc are urging a return to Russian supplies, particularly since Moscow and Kiev resumed direct talks on a potential peace deal earlier this year.

“Pressure will definitely grow” on the German and EU authorities, Stefan Meister of the German Council on Foreign Relations told Politico, as “more voices from different companies… politicians on the local level demand returning to cheap Russian oil and gas.” Sources in Brussels also told Politico that if Germany reversed course on Russian energy, other EU nations, such as Italy, Austria, Bulgaria, and the Czech Republic, would likely follow.

Moscow has repeatedly condemned Western sanctions as illegal and self-defeating, especially those targeting energy, pointing to price spikes in the EU following the initial measures against Russia in 2022. Russian officials have warned that the bloc’s rejection of its supplies will force it to rely on costlier alternatives or indirect Russian imports via intermediaries.



Friday, May 9, 2025

Politics in Europe > Hungary and Slovakia fight the EU's insane energy policy; AfD appealing extremist designation - democracy under attack; X fights block order from Turkey

 

‘Absolute insanity’ – Hungary slams EU plan to halt Russian energy imports

The European Commission has announced plans to eliminate the purchase of gas, nuclear fuel, and oil from Russia by the end of 2027
‘Absolute insanity’ – Hungary slams EU plan to halt Russian energy imports











The European Commission’s plan to completely phase out Russian fuel imports violates the sovereignty of EU member states by depriving them of the right to choose their energy sources, according to Hungarian Foreign Minister Peter Szijjarto.

Brussels has outlined plans to end the bloc’s energy reliance on Moscow by completely eliminating imports of oil, gas, and nuclear fuel in the coming years.

Hungary obtains over 80% of its gas from Russia via pipeline, with LNG playing a supplementary role. Budapest has continued to strengthen its energy ties with Moscow despite the sanctions introduced by the EU in the wake of the Ukraine conflict.

“The forced, artificially ideological-based exclusion of natural gas, crude oil, and nuclear fuel originating from Russia will lead to severe price increases in Europe, seriously harming the sovereignty of European countries, and cause major difficulties for European companies,” Szijjarto said in a video he shared on his Facebook page on Tuesday, adding that “what was announced is absolute insanity.”

It will also put Europe's energy needs at the mercy of Americans, and Americans don't appear to be too merciful with a commercially-focused President.

“Everyone in Brussels has lost their common sense,” the foreign minister exclaimed, emphasizing that Budapest would not allow the European Commission (EC) to violate Hungary’s sovereignty and would “uphold the right to source energy from where it reliably arrives and where it arrives at a low cost.”

Earlier in the day, the EC published a “roadmap” outlining its ambitious strategy to end reliance on Russian energy by the end of 2027. The bloc’s executive branch said it would propose legislation in June requiring all member states to draft “national plans” to terminate their imports of Russian gas, nuclear fuel, and oil.

Slovakia’s Prime Minister Robert Fico also criticized the plan, calling the proposal “economic suicide.” He added that Slovakia would push for changes in the legislative process.

Brussels announced its intention to wean EU members off Russian energy shortly after the escalation of the Ukraine conflict in February 2022. Supplies of US liquefied natural gas (LNG) have since replaced much of the cheaper pipeline gas previously delivered by Russia.

Although Russian pipeline gas supplies to the EU have plummeted, the bloc has been increasing its imports of LNG from the sanction-hit nation. Last year, Russia still accounted for around 19% of the EU’s total gas and LNG supply, according to the EC.

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German intelligence service pauses AfD extremist designation pending court decision

Germany's intelligence service Thursday temporarily paused its extremist designation of the far-right AfD party pending a court decision on an AfD legal appeal. The designation was made May 2. Protesters shown at anti-AfD rally Munich, March 6, 2020. File Photo by Lukas Barth-Tuttas/ EPA-EFE
Germany's intelligence service Thursday temporarily paused its extremist designation of the far-right AfD party pending a court decision on an AfD legal appeal. The designation was made May 2. Protesters shown at anti-AfD rally Munich, March 6, 2020. File Photo by Lukas Barth-Tuttas/ EPA-EFE

May 8 (UPI) -- Germany's intelligence service Thursday paused its extremist designation of the far-right Alternative for Germany, or AfD, party pending a court decision on an AfD legal appeal.

The Federal Office for the Protection of the Constitution declared the temporary suspension of the extremist designation in a Cologne administrative court.

"The Federal Office for the Protection of the Constitution today declared in the court proceedings -- without recognizing any legal obligation -- that it would provisionally suspend the classification of the AfD as a 'confirmed right-wing extremist movement' until the court has ruled on the urgent application," the office said.

The intelligence agency used a standstill agreement to suspend the designation until a court decision in the AfD appeal.

AfD has failed in two other legal attempts to fight the designation.

AfD leaders Alice Weidel and Tino Chrupalla said on X that the pause of the designation is a "partial success" for the party.

The extremist designation was announced May 2 based on a 1,000 page report that included evidence the AfD was working against Germany's democratic system.

Is this what I call Satanic Reversal - when you accuse your opponent of doing the very thing that you are doing? 

Democracy is under attack in Germany, but is it by the AfD or the other parties who want to block the AfD from running in the next election, which it would likely win? This is Romania revisited! All right-wing parties in Europe are under threat as democracy crumbles on the continent.

The FOPC said in a statement at the time that AfD is "incompatible with the free democratic order."

It was the first time that a political party with full Bundestag representation had been designated as an extremist organization.

The AfD holds 152 of the 630 Bundestag seats.

The designation empowered the intelligence agency, subject to judicial approval, to intensify AfD surveillance.




Turkey is not in Europe but is ever so close. And, they are going through the same attack on democracy as a few European countries are.

Turkey blocks arrested opposition leader Ekrem Imamoglu's X account


X has filed a court challenge to the government-ordered block.

Turkey Thursday ordered X to restrict access to the account of jailed political opposition leader and Mayor of Istanbul Ekrem Imamoglu. File Photo by Tolga Bozoglu/ EPA-EFE
Turkey Thursday ordered X to restrict access to the account of jailed political opposition leader and Mayor of Istanbul Ekrem Imamoglu. File Photo by Tolga Bozoglu/ EPA-EFE

May 8 (UPI) -- Turkey Thursday ordered X to restrict access to the account of jailed political opposition leader and Mayor of Istanbul Ekrem Imamoglu.

X's Global Government Affairs team said in a statement that it is complying with Turkey's order to block Imamoglu's account but will challenge it.

"We strongly disagree with the order and are challenging the order in court. The order was received from the Turkish Information and Communication Technologies Authority. These orders require X to block content in Turkey that is available in the rest of the world," it said.

A post on Imamoglu's X account Thursday said it was blocked by a legal demand.

According to the BBC, a lawyer representing X has filed a court challenge to the block order.

Imamoglu's Republican People's Party told the BBC that the government of President Recep Tayyip Erdogan's is taking another step in a coup attempt.

"Now they won't even allow him to speak to the public," said CHP Secretary General Selin Sayek Boke. "It clearly shows the fear of those in power that they will be losing power. It's a coup attempt against the next ballot box."

Opinion polls show Imamoglu would win an election if allowed to run in 2028.

X said defying the order to block Imamoglu's account could lead to Turkey banning X entirely from the country.

"X complied with the court order while we challenge the order in court because we believe keeping the platform accessible in Turkey is vital to supporting freedom of expression and access to information, particularly following natural disasters and other emergencies," the statement said.

When Imamoglu was taken into custody March 19, he said, "I'm sorry to say, a handful of minds trying to usurp the will of our nation have used my beloved police officers, the security forces of this country, as instruments of evil, and have gathered hundreds of police officers at the door of my home, the home of 16 million Istanbulites."

Imamoglu was formally arrested on corruption charges and removed from office in March, sparking thousands of people who believe his arrest is politically motivated to protest.

He denies committing crimes and had been urging his supporters to protest.

For people using VPNs Imamoglu's X account in Turkey is still accessible.



Monday, April 14, 2025

Global Economics > How badly does EU industry need Russian gas? Reuters; Something worse than recession quite likely - Dalio

 

EU industry bosses want Russian gas supplies restored – Reuters

German chemical companies and French utility firms have both suggested the necessity of importing cheap Russian energy
EU industry bosses want Russian gas supplies restored – Reuters











Germany’s chemical industry is in a “severe crisis” and in dire need of a return to cheap Russian gas, Reuters reported on Monday, citing executives in the sector. French energy majors Engie and Total have also told the agency that they could see a restart of imports of  hydrocarbon from Russia.

With a turnover of €225.5 billion in 2023, chemicals and pharmaceuticals are Germany’s third-largest industry, behind automotive and machinery and equipment, according to the European Chemical Industry Council.

Is automotive and machinery and equipment another name for War Industry? Does the War Industry hide it's inventories among the cars, tractors, and various types of machinery?

The EU committed to eliminating Russian gas imports by 2027, following the escalation of conflict between Kiev and Moscow three years ago. Brussels aimed  to replace them with more expensive  liquefied natural gas (LNG) from Qatar and the United States. 

And if you are looking for a reason for the proxy war in Ukraine, that is one of the major reasons. The top reason, however, is to keep that War Industry inventory moving and that filthy money rolling into War Industry Oligarchs' Swiss bank accounts.

Talks with Qatar have stalled however, and Washington’s shift away from the EU under US President Donald Trump, along with his tariff campaign, have left bloc chiefs concerned about the reliability of American supplies.

“We are in a severe crisis and can’t wait,” Christof Guenther, managing director of InfraLeuna told Reuters. InfraLeuna hosts Dow Chemical and Shell plants and is one of Germany’s biggest chemical manufacturing clusters.

“It’s a taboo topic,” Guenther added, saying that many of his colleagues have agreed on the need to go back to Russian gas.

Before 2022, Russia met up to 60% of Germany’s demand for natural gas. The loss of an affordable supply has led to increased energy costs, resulting in production cuts and job losses across the country’s industrial sector.

“We need Russian gas, we need cheap energy - no matter where it comes from,” said Klaus Paur, managing director of Leuna-Harze, a petrochemical maker at Leuna Park. 

French energy firms Engie and Total have also spoken out in favor of resuming gas purchases from Russia.

“If there is a reasonable peace in Ukraine, we could go back to flows of 60 billion cubic meters (bcm), maybe 70, annually…” Didier Holleaux, executive vice-president at Engie, told Reuters.

The EU used to import 150 bcm of pipeline gas from Russia every year, which covered 40% of its needs. After the Ukraine conflict is settled, the country could account for 20-25%, Holleaux said.

”Europe will never go back to importing 150 bcm…but I would bet maybe 70 bcm,” Total CEO Patrick Pouyanne suggested.

Russia has long reiterated that it is a reliable energy supplier, with the Kremlin saying in January that Moscow would resume gas deliveries to the EU, provided that there are buyers. 

Russian gas reached Germany and on to the wider EU via the Nord Stream undersea pipelines, which were damaged in a sabotage attack in 2022.  However, one string of Nord Stream 2, remains intact. 

The EU still receives Russian gas via the TurkStream pipeline, which runs through Turkey and the Balkans. 

A key pipeline that delivered gas to Italy, Slovakia and Hungary via Ukraine was closed after Kiev refused to extend a transit agreement in January, and blew up a gas metering station on the border.

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Head of world’s largest hedge fund fears global financial system collapse

Ray Dalio warns that US President Trump’s tariff strategy could trigger something much “worse than a recession”
Head of world’s largest hedge fund fears global financial system collapse











Billionaire investor Ray Dalio has warned that the United States is facing economic risks far greater than a typical recession, arguing that US President Donald Trump’s aggressive tariff policies and ballooning debt could trigger a breakdown of the global financial system.

Speaking on NBC’s Meet the Press on Sunday, the founder of Bridgewater Associates said the world is at a critical juncture, marked by profound changes in the political, economic, and geopolitical order – factors which he says have historically led to severe crises.

“I think that right now we are at a decision-making point and very close to a recession,” Dalio said“And I’m worried about something worse than a recession if this isn’t handled well.”

Dalio explained that the US economy is confronting several overlapping challenges: rising debt, internal political divisions, growing geopolitical tensions, and shifts in global power.

“Such times are very much like the 1930s,” he warned. “If you take tariffs, if you take debt, if you take the rising power challenging the existing power – those changes in the orders, the systems, are very, very disruptive.”

Asked about the worst-case scenario, Dalio pointed to a potential breakdown of the dollar’s role as a store of wealth, combined with internal conflict beyond the norms of democratic politics and escalating international tensions – potentially even military conflict.

“That could be like the breakdown of the monetary system in ‘71. It could be like 2008. It’s going to be very severe,” Dalio said. “I think it could be more severe than those if these other matters simultaneously occur.”

While acknowledging that tariffs could serve as a useful tool to bring back manufacturing and generate revenue, Dalio cautioned that the method of implementation matters deeply.

“How that’s done – whether in a practical and stable way, with quality negotiations – or whether that’s done in a chaotic and disruptive way that produces great conflict, makes all the difference in the world,” he said.

Describing Trump’s recent tariff moves as “very disruptive,” Dalio said the real test will come after the current 90-day negotiation period ends. “What was put there is like throwing rocks into the production system,” he said, warning of “enormous” impacts on global efficiency and costs.

Goldman Sachs raised the odds of a US recession within the next 12 months to 45% last week, following Trump’s April 2 announcement of a minimum 10% tariff on all imports – but before he placed a three-month hold on further “reciprocal” duties of 11% to 50% targeting dozens of nations. China, however, was still hit with a 145% import duty – and retaliated with a 125% levy of its own.

Just the other day, I was discussing the apparent madness of Trump's economic plan with a friend, and I came to the conclusion that the plan was basically sound for America, a disaster for the rest of the world, and a disaster for America if he continues to force it at a reckless pace and with the bullying attitude he has displayed so far.


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