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Plans for the world's longest undersea cable connecting that could deliver nearly a tenth of the UK's electricity have been given a fresh boost today.
Exxon Mobil (Exxon) has revealed a hefty $3.4bn write-down following its withdrawal from Russia in its first quarter update.
Oil prices have risen for a fourth consecutive day with concerns over Russian supply disruptions trumping reduced demand in China.
The government is boosting support for high energy usage businesses, amid spiralling energy costs and record power prices.
Germany has ceded to Russian President Vladimir Putin’s demand to pay for Russian gas with roubles, as the energy crisis deepens.
TotalEnergies has taken a $4.1 billion hit following it withdrawal from a Russian liquiefied natural gas (LNG) project in the Arctic.
Chancellor Rishi Sunak plays down the prospect of immediate support for households despite mounting pressure on consumers.
Households could save £147 on their electricity bills every year by switching off electronics left on standby, according to British Gas.
Shares in Atome Energy have soared 24.4 per cent powered by the ongoing fertiliser crisis - which has been exacerbated by raised gas prices.
Uniper has confirmed it still expects to be able to pay for long-term gas contracts from Russia through the roubles payments process signed into law by Russian President Vladimir Putin last month.
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