Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.
Sheikh Qassem: The government’s latest decision [on the disarmament of the Resistance] is non-charter-based, and if the government continues down this path, it is not faithful to Lebanon’s sovereignty.

Gas prices in Europe Increased 6x year-on-year in June: Commissioner

  • By Al Mayadeen English
  • Source: Agencies
  • 14 Jul 2022 18:05
  • 1 Shares
3 Min Read

The European Commissioner for the Economy warns that a complete halt in Russian gas supplies would bring Europe's economy to "negative territory".

  • x
  • The European Commissioner warned that a complete halt in gas supplies from Russia would bring Europe's economy to
    The European Commissioner warned that a complete halt in gas supplies from Russia would bring Europe's economy to "negative territory" (Credits: TASS)

At the end of June, gas prices in Europe increased six times year-on-year and are still rising, European Commissioner for the Economy Paolo Gentiloni pointed out on Thursday.

During a briefing, Gentiloni indicated that "Commodity prices are showing signs of easing lately, in the face of global weakness; however, gas is an exception. Interruptions in Russian gas supply and concerns of the further cuts pushed the European benchmark gas again."

"By the end of June, it was trading at 140 euro per megawatt\hour more than 6 times the price one year earlier. But this price continues to rise after our cut of date, reaching 173 euro per megawatt\hour on July the 12," he noted.

The European Commissioner also warned that a complete halt in gas supplies from Russia would bring the European economy to "negative territory".

"This scenario [halt in Russian gas supplies] would bring our economy into negative territory, which is, with this carry-over impact, quite substantial, of course," he said.

In mid-June, Russia's energy giant Gazprom significantly cut gas supplies via the Nord Stream 1 pipeline due to technical issues at the Portovaya compressor station, where only three gas compressor units were functioning after Germany's Siemens delayed maintenance works.

Related News

Kiev accused of using Russian woman in suicide bomb plot: FSB

Putin suggests Moscow meeting with Zelensky, sources say

Moscow repeatedly warned that further delays in the maintenance could lead to a total halt of gas flows through the pipeline network to Europe.

Earlier in the day, the pipeline's operator, Nord Stream AG, announced it would stop the deliveries for regular annual maintenance, including testing of mechanical components and automation systems.

Maintenance is expected to take place between July 11 and 21. Some countries, including Germany and Austria, have expressed fears that the supplies may decline or halt even after the work is completed.

Introduction of Gas Price Caps Not Expected in Near Future - EU Commissioner

In a similar context, Gentiloni said that the European Union would not introduce price caps on Russian gas in the near future as it is an extraordinary measure.

"This will not be a proposal that we will decide in the coming days and in the current situation. This is a possible evolution in case of the deteriorating scenarios," he mentioned.

It is noteworthy that since 2021, energy prices in Europe have been surging as part of a global trend. After the beginning of the war in Ukraine and the adoption of several packages of sanctions against Russia by the West, the situation with energy prices has considerably worsened.

Russia's Gazprom has also significantly reduced its Nord Stream 1 gas supplies due to delays in maintenance work on turbines by German and Canadian companies, forcing EU countries to tap into winter gas reserves and consider returning to coal production.

It is noteworthy that the European Parliament had backed EU regulations designating nuclear and gas energy as environmentally sustainable economic activities, claiming that private investment in gas and nuclear projects may play a role in the green transition process.

  • Moscow
  • Europe
  • Russia
  • Canada
  • Nord Stream 1
  • Germany
  • European Parliament
  • Gazprom
  • Austria
  • Ukraine
  • European Commission
  • European Union
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

Tom Artiom Alexandrovich, executive director of the defense division of the Israeli National Cyber Directorate, undated (Social media)

Israeli-born US prosecutor drops Israeli officer child sex crime

  • Politics
  • 19 Aug 2025
Almost instantly after the Helsinki Accords were signed, organisations sprouted to document purported violations, whose findings were fed to overseas embassies for international amplification. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

How ‘Human Rights’ became a Western weapon

  • Opinion
  • 23 Aug 2025
Israeli soldiers stand on the top of armoured vehicles parked on an area near the Israeli-Gaza border, as seen from southern Israel, Wednesday, Aug. 20, 2025 (AP)

Palestinian fighters target Israeli soldiers, vehicles in Gaza

  • Politics
  • 21 Aug 2025
Launch of a ballistic missile from Yemen toward the occupied Palestinian territories. (YAF military media)

Yemeni Forces announce firing hypersonic missile at Al-Lydd Airport

  • Politics
  • 22 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli Prime Minister Benjamin Netanyahu speaks during a press conference at the Prime minister's office in al-Quds, Occupied Palestine, Sunday, Aug. 10, 2025 (AP)
Politics

Netanyahu deliberately derailing truce with Gaza occupation: Hamas

Irish President Michael Higgins arrives to deliver his speech during a 42nd World Food Day celebration at FAO headquarters in Rome, on Oct. 16, 2023. (AP Photo/Alessandra Tarantino)
Politics

Irish president renews call for UN military intervention in Gaza

US Ambassador to Turkey and Special Envoy to Syria Tom Barrack speaks during an interview with The Associated Press at the US Embassy in Aukar, northern suburb of Beirut, Lebanon, Monday, July 21, 2025 (AP)
Politics

US envoy, Netanyahu discuss restraining attacks on Lebanon, withdrawal

Smoke billows following Israeli airstrikes in multiple areas in Sanaa, Yemen, Sunday, Aug. 24, 2025 (AP)
Politics

Ansar Allah vow sustained Gaza support despite Israeli strikes

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS