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Energy Security
EU Unveils €300BN Package to Slash Reliance on Russia’s Energy
The EU Commission President has highlighted the need for a “rapid reduction” in European reliance on Russian oil and gas.
Natural Gas
‘Finland Could Be Cut off Gas by Russia This Week’
Finland’s state-owned energy provider has warned that there is “a real risk” of natural gas supply.
Nuclear Reactor
Rosatom Starts Irradiation of the New ATF Fuel Matrix
Rosatom engineers have completed new milestones in development of ATF fuel for light water reactors.
Nuclear Power Plant
Construction of Xudapu 4 Under Way
Construction of unit 4 at the Xudapu nuclear power plant in China's Liaoning province has officially got under way with the pouring of first concrete for the re…
Oil Price
Saudi Arabia’s Oil Revenue Expected to Rise 66% To $249BN
Jadwa Investment estimates Riyadh's expenditure to increase by 5% this year.
ITER
Russia Carries Out This Year’s First Shipment of Equipment for the Iter Machine
The shipment of the next batch of Russian electrical equipment for the ITER fusion reactor has been completed.
LNG
EU Unveils 210 Bln Euro Plan to Ditch Russian Fossil Fuels
The European Commission on Wednesday unveiled a 210 billion euro plan for Europe to end its reliance on Russian fossil fuels by 2027, and to use the pivot away …
Energy Transition
EU to Map Out Escape Route From Russian Fossil Fuels
The European Commission will on Wednesday unveil a 210 billion euro plan for how Europe can end its reliance on Russian fossil fuels by 2027, and use the pivot …
Natural Gas
Surging Natural Gas Prices Squeeze U.S. Industrial Sector
Skyrocketing natural gas prices have raised manufacturing and transportation costs across many U.S. industries, and the situation should persist as the United S…
Oil Price
Oil Prices Drop on Profit-Taking, Supply Fears Linger
Oil prices slipped on Monday, giving up earlier gains as investors took profits after a surge in the previous session, but global supply fears loomed with the E…
Russian Federation
Russian Energy Supplier Cuts off Electricity to Finland
Inter RAO’s Finnish subsidiary cited problems with payments, announcing it has not been paid for deliveries since 6th May 2022.
Russian Federation
Gazprom Books Gas More Transit Capacity for Monday, Ukrainian Operator Says
Russian state gas company Gazprom booked transit capacity of 65.20 million cubic metres for May 16 via the Sudzha entry point.
Oil Price
Oil Giant Aramco Reports Record First Quarter as Oil Prices Soar
Oil giant Aramco reported a more-than 80% jump in net profit Sunday, topping analyst expectations and setting a new quarterly earnings record since its IPO.
LNG
India Looks to Import More LNG amid Rising Demand
Gas demand from households in cities and from the transportation sector in India is currently outpacing supply.
Crude Oil
More Oil From U.S. Strategic Petroleum Reserve Heads to Europe
Europe is set to receive more cargoes of U.S. crude from the Strategic Petroleum Reserve (SPR) as the European Union discusses an oil embargo on Russia and look…
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