Bavarian (Germany) PM warns of ‘ice-cold winter’ due to gas shortage

The German government is not sufficiently prepared for a phase-out of Russian gas, and there may be possible winter shortages, Bavarian Prime Minister Markus Söder said on Monday. “There is the threat of a huge energy emergency, a kind of … Read More

Analysis: Schroeder throws in towel as German industry clings on to Russian gas

FRANKFURT, May 26 (Reuters) – Gerhard Schroeder has backed off from taking a top role at Russian energy giant Gazprom (GAZP.MM), dealing a setback to Germany’s gas lobby as it seeks to keep the energy lifeline from Russia open. The … Read More