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LNG
Qatar Expands LNG Capacity to Become Europe’s Emergency Gas Supplier
Qatar signed massive deals with TotalEnergies and Eni for the expansion of the world’s biggest LNG project.
Russian Federation
Enel Offloads Its Russian Assets for €137M
The company is forecasting a hit of approximately €1.3 billion on net income.
Natural Gas
Austria Revives Coal-Fired Power Option as Russia Cuts Gas Supply
Austria's government agreed with utility Verbund on Sunday to convert a reserve, gas-fired power plant so that it can produce electricity with coal should restr…
Crude Oil
U.S. Steps up Heavy Crude Imports as Biden Blasts Profiteering
U.S. refiners last month imported the most heavy crude in nearly two years, customs data showed, as they cranked up motor fuel production and sought to replace …
United Kingdom
UK ‘Paid £5.1BN for Russian Gas, Oil and Coal in 2021’
The UK spent £5.1 billion on Russian energy imports in the year to April 2022.
Energy Security
Lithuania Seeks to Cut Ties With Russian Grid Earlier
Lithuania’s President said the fastest decoupling would increase the energy security of the Baltic countries.
Natural Gas
EU Sees a New Energy Future for Europe
Russian gas is increasingly being shunned and the EU has declared that it envisions a future without the Kremlin's primary bread-winner: natural gas.
LNG
LNG Outage Exacerbates Supply Woes Amid Asian Restocking, Firm European Demand
If the tightening gas supply situation in the light of the Russia-Ukraine war was not enough to roil the LNG markets globally, the shutdown of the Freeport LNG …
Nuclear Power Plant
Germany Remains Firmly Anti-nuclear Despite Energy Crisis
Germany’s government has no intention of changing its policies on nuclear energy even as worry about a halt to Russian gas supplies intensifies among politicia…
Oil & Gas Supply
Can Africa Offer an Alternative to Russian Gas?
Nigeria has an estimated 200 trillion cubic feet of gas, enough to make it a potential supplier to regions such as Europe
OPEC
OPEC+ Output Increase Wins It Credit but a Realignment Awaits Beyond August
Modest nature of tweak indicative of mounting challenges for Saudi Arabia and Russia led group including limited ability to raise production
Natural Gas
EU, Egypt Near Gas Supply Deal in Shift Away From Russia
The European Union and Egypt are set to sign a deal later this month on supplying the bloc with gas as the bloc seeks to slash its dependence on Russian supplie…
Oil & Gas Supply
Gazprom Cuts off Gas Supplies to Shell Energy
Shell has committed to working to keep gas flowing to its customers.
Oil & Gas Supply
Germany Faces 5 Billion Euros a Year Hit From Russian Gas Sanctions, Welt Am Sonntag Reports
Russia's sanctions against Gazprom Germania and its subsidiaries could cost German taxpayers and gas users an extra 5 billion euros ($5.4 billion) a year to pay…
Crude Oil
France in Talks With UAE To Replace Russian Oil Supplies
France is in talks with the United Arab Emirates to replace Russian oil purchases.
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