Mobile network outages expected in Europe this winter

Mobile network outages expected in Europe this winter

Four telecoms executives said on September 29, 2022, there are currently not enough backup systems in many European countries to handle widespread power cuts, raising the prospect of mobile phone outages.

Fourth leak found in Nord Stream pipelines

Fourth leak found in Nord Stream pipelines

The Swedish Coast Guard (SCG) said they found a fourth leak in Nord Stream pipelines on September 29, 2022, just 3 days after underwater explosions severely damaged two Nord Stream 1 pipes and one Nord Stream 2.

Unprecedented, simultaneous damage to both Nord Stream pipelines; Norway warns of threats from unidentified drones flying over gas and oil platforms

Unprecedented, simultaneous damage to both Nord Stream pipelines; Norway warns of threats from unidentified drones flying over gas and oil platforms

A sharp drop in pressure has been detected on Nord Stream 1 and 2 gas pipelines on September 26, 2022. The investigation into the cause is in progress. On the same day, Norway’s oil safety regulator warned of threats from unidentified drones seen flying near their offshore oil and gas platforms.

Drought and heat drive European electricity prices to all-time highs

Drought and heat drive European electricity prices to all-time highs

Drought and heat have pushed European benchmark electricity prices to all-time highs on August 2, 2022. As a result, countries are relying even more on Russian gas to meet increased power demand instead of storing it for the coming winter season, as recently agreed in Brussels.

Eurozone inflation hits another record high

Eurozone inflation hits another record high

Driven by rising food and energy costs, consumer prices in Eurozone jumped 8.6% over the year through June, hitting another record high since the creation of Euro in 1999.