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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…
Crude Oil
Shell Agrees to Sell its Russian Petrol Stations
LUKOIL will buy Shell’s Russian retail and lubricants businesses
Oil & Gas Supply
Europe Eyes Gas-Rich African Nations for New Supplies, Rystad Says
Africa is conservatively forecast to reach peak gas production at 470 billion cubic meters (Bcm) by the late 2030s, equivalent to about 75 per cent of the expec…
Oil & Gas Supply
Russia Could Cut Gas Supply to Finland on Friday
Key Finnish politicians have been warned that Russia could halt its gas supplies to neighbouring Finland on Friday.
Energy Security
Russia Slaps Sanctions on Western Energy Firms
Moscow has imposed sanctions on more than 30 EU, US and Singaporean energy companies in a retaliatory move following western penalties imposed on Russian.
Natural Gas
European decarbonisation and Fuel Independence From Russia ‘Impossible Without Energy Storage’
The European Union has no choice but to develop a coherent strategy on energy storage if it is to achieve its decarbonisation goals and end its dependency on Ru…
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