‘Firms will go bust’: Germany prepares for a future without Russian gas

Germany is bracing for supplies to be cut by Moscow in retaliation for sanctions or as part of an energy embargo

In Germany, they call it “Day X”. Businesses up and down the land are making contingency plans for what is seen as a growing likelihood that Russian gas will stop flowing into Europe’s biggest economy.

“It would be a disaster – one which would have seemed almost unthinkable just two months ago, but which right now feels like a very realistic prospect,” the owner of a hi-tech mechanical engineering company in western Germany said. The firm produces everything from battery cases for electric cars to train clutch systems.

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Germany will stop importing Russian gas ‘very soon’, says Olaf Scholz

Chancellor declines to endorse claim by Boris Johnson during London visit that goal will be achieved by mid-2024

The German chancellor, Olaf Scholz, has said his country is doing all it can to wean itself off Russian energy, but declined to endorse a claim by Boris Johnson that it would stop importing Russian gas by the middle of 2024.

Scholz said only that the goal would be achieved very soon, and that Germany would stop using Russian coal by the summer and Russian oil by the end of the year.

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PM to put nuclear power at heart of UK’s energy strategy

Plan will not please environmental campaigners, who say it fails to meet government’s net-zero targets

Boris Johnson is to put nuclear energy at the heart of the UK’s new energy strategy, but ministers have refused to set targets for onshore wind and vowed to continue the exploitation of North Sea oil and gas.

Amid deep divisions among senior Conservatives, the strategy will enrage environmentalists, who say the government’s plans are in defiance of its own net-zero targets and neglect alternative measures that experts say would provide much quicker relief from high energy bills.

Increasing nuclear capacity from 7 gigawatts to 24GW

Offshore wind target raised from 40GW to 50GW (from 11GW today)

Solar could grow five times from 14GW to 70GW by 2035

An “impartial” review into whether fracking is safe

Up to 10GW of hydrogen power by 2030

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Putin’s daughters targeted in US sanctions against Russia

Joe Biden links new measures directly to accounts of atrocities committed by Russian forces in Bucha

The US has announced a new round of sanctions targeting Russia’s top public and private banks and two daughters of Vladimir Putin, following mounting global accusations of Russian war crimes in Ukraine.

The sanctions targeted Maria Vorontsova and Katerina Tikhonova, two adult daughters of Putin’s with his former wife Lyudmila Shkrebneva.

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Ministers launch fracking study, paving way to end moratorium in England

Conservatives seek to examine latest techniques, citing rising energy costs

Ministers have paved the way for a reconsideration of the moratorium on fracking in England by commissioning a new study to examine safety concerns about the controversial practice.

In an effort to decrease Britain’s reliance on imported energy given spiralling costs, the business secretary, Kwasi Kwarteng, said it was “absolutely right that we explore all possible domestic energy sources”.

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Coalition tries for third time to let renewable energy agency fund technologies using fossil fuels

New rules could allow Arena to back developments that use CCS, such as that of ‘blue’ hydrogen made with gas, Senate hears

The Morrison government has launched a third attempt to change the Australian Renewable Energy Agency (Arena) to allow it to fund a broader range of technologies, including some using fossil fuels.

The Senate has twice in the past year used a disallowance motion to block new regulations introduced by the energy and emissions reduction minister, Angus Taylor, to expand Arena’s remit to include backing technologies such as hydrogen made with gas and carbon capture and storage (CCS).

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Coal seam gas company Arrow Energy fined $1m for breaching Queensland’s land access rules

Investigation began after discovery of ‘deviated’ wells drilled from neighbouring properties

The Queensland government has fined coal seam gas company Arrow Energy $1m for breaches of land access rules over four years, after an investigation into allegations the company drilled diagonally beneath farmland without notifying the landholders.

The fine is among the most significant non-compliance penalties ever issued to a resources company in Queensland. Groups that have raised concerns against the rapid spread of the coal seam gas wells in Queensland’s farming communities say the penalty is a “small start”, but that landholders’ rights to object to gas drilling must now be strengthened.

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UN head says time for Russia to end ‘unwinnable’ Ukraine war

Leaders from the bloc to meet on Thursday to discuss support above the €1.2bn emergency fund already agreed

The UN secretary general, Antonio Guterres, has said it is time for Russia to end its “absurd” and “unwinnable” war in Ukraine, as the EU prepared to set up a “trust fund” aimed at helping Kyiv repel the invasion and rebuild afterwards.

Speaking to reporters at the UN’s headquarters in New York, Guterres said the war was “going nowhere, fast”. For more than two weeks, the devastated southern city of Mariupol had been encircled by Russian forces, bombed and shelled, he said.

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Germany agrees gas deal with Qatar to help end dependency on Russia

Long-term contract will not immediately stop flow of money to Russia, for which German ministers have been criticised

Germany has agreed a contract with Qatar for the supply of liquefied natural gas (LNG) that will help the European country wean itself off its dependency on Russian energy.

But the contract is a long-term solution and will do little to slow the current flow of European money into Russian coffers, estimated to be worth $285m (£217m) a day for oil alone.

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What would increasing Saudi Arabian oil production mean for the climate?

Explainer: Boris Johnson has asked Saudi Arabia to pump more oil; what implications would this have?

Why are Saudi Arabia and the United Arab Emirates being asked to pump more oil?

Western powers are looking for ways to keep the pressure on Russia during its invasion of Ukraine. Some countries have committed to phasing out Russian oil and gas, while others are still investigating ways of doing this. Saudi Arabia is one of a number of countries, along with Venezuela and Iran, that might be able to plug the gap in oil production.

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Johnson compares Putin to drug dealer ahead of Saudi Arabia trip

British PM hopes to persuade Gulf state to raise oil and gas production to reduce reliance on Moscow

Boris Johnson has compared Vladimir Putin to a drug dealer who managed to hook western nations on Russian supplies of oil and gas, ahead of a trip to the Middle East in an attempt to diversify the sources of Britain’s energy imports.

The UK prime minister urged European countries to “get ourselves off that addiction” and said he wanted support from “the widest possible coalition” to help offset the pressures caused by spiralling oil and gas prices.

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‘We’re ready’: UK anti-fracking activists prepare to fight resurgence plans

Boris Johnson’s suggestion practice could re-emerge after invasion of Ukraine has rallied campaigners

Anti-fracking campaigners have vowed to give energy firms “no peace” if the government lifts the moratorium on fracking, pledging “inconvenient and noisy” protests at every site.

Steve Mason, campaign director of Frack Free United, said there was an army of retired “geri-activists” ready to lie down and face prosecution for the cause again.

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Stranding of three whales in Corfu raises alarm over seismic testing for fossil fuels

While cause remains unconfirmed, green groups fear the three whales could be the ‘tip of iceberg’ with many more animals hurt

Environmental groups have linked the beaching of three whales in Corfu to seismic testing for oil and gas in the waters off the Greek island.

Two Cuvier’s beaked whales were found stranded at Arillas and Agios Gordios beaches on the west of the island on 20 February. A third beaked whale ran ashore on Agios Gordios beach the day after.

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UK to phase out Russian oil imports by 2023 and explore ending gas imports

Analysts warn of a difficult and expensive transition that could push Britain into recession

Britain and the US together moved to ban Russian oil on Tuesday in the biggest financial crackdown on Moscow since its invasion of Ukraine two weeks ago.

In a move likely to hit the Kremlin’s coffers hard, as well as further raise petrol prices and feed inflation in the west, Boris Johnson said stopping imports of Russian oil by the end of 2022 was “another economic blow to the Putin regime”.

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Energy crisis: UK could learn from Fukushima response, MPs told

Japanese measures including turning down the heating and slower trains could ease pressure on British households, say experts

Britain could learn from Japan’s response to the Fukushima nuclear plant disaster by reducing energy consumption to deal with soaring global gas prices after the Russian invasion of Ukraine, academics have said.

Suggesting a coordinated response to record gas prices could help ease the pressure on households, experts told MPs on the Commons business committee that steps to reduce national demand for gas-fired power next winter could be deployed.

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Foreigners travelling to Ukraine to fight invasion will be given citizenship – as it happened

This blog is now closed. Follow our live coverage of the Russian invasion here.

Stoock markets have been struggling again today with no sign of any let up in the adverse economic impact of the war.

Brent crude is on the rise again – up 2.48% to $126.26 – after see-sawing violently yesterday when it touched almost $140.

Griffiths urged all sides to ensure that civilians, homes and infrastructure in Ukraine were safeguarded.

“This includes allowing safe passage for civilians to leave areas of active hostilities on a voluntary basis, in the direction they choose,” he said, after Ukraine rejected an earlier deal that would only allow its civilians to evacuate into Russia or Belarus.

The meeting came as Ukraine and Russia seek an agreement on creating “humanitarian corridors” out of pummelled cities, as the civilian toll from the Russian assault mounts.

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Russia threatens Europe’s gas supplies as west mulls oil import ban over Ukraine invasion

Deputy prime minister raises prospect of closing Nord Stream 1 gas pipeline to Germany, and says rejecting Russian oil would be ‘catastrophic’ for world

Moscow has stoked fears of an energy war by threatening to close a major gas pipeline to Germany after the US pushed its European allies to consider banning Russian oil imports over its invasion of Ukraine.

In an address on Russian state television, Russian deputy prime minister Alexander Novak said: “A rejection of Russian oil would lead to catastrophic consequences for the global market”, and claimed the price of oil could rise to more than US$300 a barrel.

Ukrainian intelligence claimed that a Russian general has died in fighting around Kharkiv, the second such officer killed in a week. It broadcast what it said was a conversation between Russian FSB officers discussing the death of Maj Gen Vitaly Gerasimov, and complaining that their secure communications no longer functioned inside Ukraine.

Ukraine’s president, Volodymyr Zelenskiy, rallied the nation in a fresh late-night video address, saying that “heroic” resistance was making the war “like a nightmare” for Russia. Taking viewers on a tour of his quarters in Kyiv, he promised to stay in the capital until the war was won.

Several children were killed by Russian bombing in Sumy, according to the region’s military administration chief.

The humanitarian crisis continued to deepen, with 1.7 million Ukrainians thought to have fled the fighting, with the potential for the total to reach 5 million, the EU said. The UN human rights office has reported 406 confirmed civilian deaths but said the number was a vast undercount.

Zelenskiy is to address UK MPs on Tuesday via video link and is expected to plead for more arms and a no-fly zone over Ukraine to be enforced by Nato.

Dmytro Kuleba, Ukraine’s foreign minister, claimed the prospects of the country joining the EU had greatly increased, according to Ukraine’s Unian website. The distance to EU membership had been as far away as the moon last week, but was now only from Kyiv to the city of Vinnitsa – a distance of just 262km or 162 miles, he said.

Fresh talks between Ukraine and Russia are expected, after a third round ended without agreement on the evacuation of civilians via humanitarian corridors, although a Ukrainian negotiator said small progress had been made. The French president, Emmanuel Macron, accused Vladimir Putin of “moral and political cynicism” and hypocrisy for making promises to protect civilians so they could flee only to Russia.

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Shell to exit joint ventures with Gazprom and pull out of Nord Stream 2

Decisive move to end tie-up with Russian state gas firm follows BP pledge to sell its 20% Rosneft stake

Shell is to exit its joint ventures with Russian state energy firm Gazprom, a day after BP said it would offload its 20% stake in Kremlin-owned oil firm Rosneft, as British businesses scrambled to distance themselves from Vladimir Putin.

The oil company said it would “exit its joint ventures with Gazprom and related entities”, which are worth about $3bn.

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Germany’s ‘Putin-caressers’ start coming to terms with their naivety

Analysis: politicians who believed Putin could be ‘tamed by empathy and accommodation’ are having to hurriedly rethink their positions

Prominent figures in Germany are coming under increasing pressure to publicly distance themselves from Vladimir Putin amid accusations that they are bringing shame on the country and themselves.

The range of so-called Putin-Versteher (Putin-understanders) – those who have sought to explain or justify the Russian leader’s actions – include figures from the far-left Die Linke and the far-right AfD, as well as members of the Social Democrats and some conservatives who have tried to keep him on side in the interests of their constituents and German energy security.

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How can Europe wean itself off Russian gas?

Analysis: whether tapping other suppliers or switching energy sources, there is no quick and easy option to loosen Putin’s economic grip

As Boris Johnson told parliament that Europe must wean itself off Russian gas – to loosen Vladimir Putin’s “grip on western politics” – the Nikolay Zubov tanker was making its way back from British waters to the port of Sabetta, in northern Siberia.

The 300m-long vessel had recently dropped off a consignment of liquefied natural gas (LNG) at the Isle of Grain terminal, in the Thames Estuary, operated by the National Grid.

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