Archive for the 'Infrastructure' Category
Japan: More Nuclear Power
August 24th, 2022So it goes… Via: ZeroHedge: Following the Fukushima disaster in 2011, nuclear power fell out of favor in Japan. But with global energy markets in turmoil and electricity bills skyrocketing, Prime Minister Fumio Kishida is revisiting the debate over nuclear and perhaps the need to increase investments in next-generation power plants. FT reported Kishida had […]
Energy Crisis: Euro Falls to Two-Decade Lows
August 23rd, 2022Via: Reuters: The euro fell to a fresh two-decade low on Tuesday, dealt a fresh blow by renewed concern that an energy shock will keep inflation elevated and makes a recession in Europe all but certain.
China Drought Causes Shortage of Hydropower, Factory Shutdowns
August 22nd, 2022Via: Guardian: A record-breaking drought has caused some rivers in China – including parts of the Yangtze – to dry up, affecting hydropower, halting shipping, and forcing major companies to suspend operations. A nationwide drought alert was issued on Friday as a long-running and severe heatwave in China’s heavily populated south-west was forecast to continue […]
EU Prepares Public For Winter Gas Siege
July 28th, 2022Lilly is in Austria: Via: ZeroHedge: European Union policymakers have started to prepare the public for siege conditions this winter if gas supplies from Russia are completely cut, an effort to demonstrate diplomatic resolve as well as avoid panic later in the year. In recent weeks, officials from Germany and other EU member states have […]
Saudi Arabia: Trillion Dollar, 75 Mile Long Skyscraper City?
July 27th, 2022Via: Daily Mail: New images have revealed the stunning futuristic interior inside Saudi Arabia’s proposed 75-mile mirror-encased skyscraper city. The Line, a $1 trillion mega-project launched by Crown Prince Mohammed bin Salman, will be part of the vast desert complex of Neom, which will also feature an artificial ski resort, a 100-mile vertical city, an […]
Gazprom Declares Force Majeure, Will Halt Gas Flows To Germany Indefinitely
July 18th, 2022Winter is coming. Via: ZeroHedge: Already days before the July 22 European “Doomsday” when the scheduled Russian 10-day maintenance of the crucial Nord Stream pipeline to Germany is slated to end – but which was thrown into deep doubt given Gazprom recently said it can no longer guarantee its “good functioning” due to crucial turbines […]
French, German Leaders Warn Populations “Prepare For Total Cut-Off Of Russian Gas”
July 10th, 2022I hope Cryptogon readers in Europe are planning for the winter ahead. Via: ZeroHedge: European populations are bracing for a frigid upcoming winter amid an impending avalanche of high energy costs and emerging inflation. On Sunday French Economy and Finance Minister Bruno Le Maire warned that Russia is poised to totally halt gas supplies to […]
German Regulator Hints at Gas Rationing Priorities
July 2nd, 2022Via: Reuters: Germany’s energy regulator has listed priority areas that would have protected access to power if there are severe gas shortfalls this winter, ranging from households and hospitals to pharmaceuticals companies and paper producers. Sharp cuts to deliveries of Russian gas through the Nord Stream pipeline have led authorities to make urgent preparations for […]
U.S. Aims to Raise $200 Billion as Part of G7 Rival to China’s Belt & Road
June 26th, 2022Via: Reuters: The United States aims to raise $200 billion in private and public funds over five years to fund needed infrastructure in developing countries under a G7 initiative aimed at countering China’s multitrillion-dollar Belt and Road project, the White House said on Sunday. U.S. President Joe Biden will unveil the plans, flanked by other […]
European Natural Gas Prices Soar by Almost 40% After Fire at Key U.S. Export Terminal
June 9th, 2022Pretty interesting timing… Via: Business Insider: Natural gas prices surged across Europe on Thursday after a fire broke out at a key US export hub, putting further pressure on already tight global supply. The Freeport liquefied natural gas export facility in Quintana, Texas will remain closed for at least three weeks after Wednesday’s explosion, a […]
