The Italian government approves the 2023 budget of 35 billion euros to boost the economy

The budget finds more than 21 billion euros to tame energy bills Additional energy company profits are taxed at 35%. Includes amnesty for tax arrears, lowering the retirement age Relaunching a bridge project linking Sicily with the mainland ROME (Reuters) – Italy’s new right-wing government approved its first budget on Tuesday, a package focused on … Read more

Druzhba pipeline leak reduces Russian oil flow to Germany

Poland discovered a leak late Tuesday No sign of vandalism, says Poland Germany says its supplies of crude oil are sufficient Schwedt refinery serving Berlin has few alternatives WARSAW (Reuters) – Germany said on Wednesday it was receiving less oil but still had enough supplies after Poland found a leak in the Druzhba pipeline that … Read more

The Swiss are reluctantly seeking a home-grown energy cure

The government wants to increase the production of renewable energy The Swiss Alps facilitate the production of hydro and solar energy European energy crisis accelerates progress But concerns about the effect on the landscape mean a compromise BERN/Grand Dixons, Switzerland, Oct 6 (Reuters) – After evading most of the fuel-fueled increase in inflation that has … Read more

Exclusive: White House rules out natural gas export ban this winter

WASHINGTON (Reuters) – Two people directly involved in the discussions said the White House has ruled out any ban or restrictions on natural gas exports this winter in an effort to help ease Europe’s energy shortage. In March, US President Joe Biden pledged to deliver 15 billion cubic meters of liquefied natural gas to Europe … Read more