US energy chief: EU could stop buying Russian gas in a year
Chris Wright, the U.S. Energy Secretary, said on Friday that the European Union can replace Russian gas with U.S. Liquefied Natural Gas within 6-12 months. The United States has communicated its position to EU officials in this week. Wright spoke in Brussels on Thursday, when he met EU Energy Commissioner Dan Jorgensen. The U.S.
Exxon expects EU to sign long-term US gas deals, FT reports
The Financial Times reported that ExxonMobil expected the European Union would sign multi-decade contracts for U.S. natural gas as part of its pledge to purchase billions of dollars in American energy. As part of a broad trade agreement with Washington, the EU pledged in July to buy 750 billion dollars of U.S. power by 2028.
Shell Signs 10-year Gas Supply Deal with MVM CEEnergy
Oil and gas major Shell signed a 10-year natural gas deal with Hungary's MVM CEEnergy on Tuesday, in a move designed to strengthen its presence in central and eastern Europe.Shell, the world’s biggest liquefied natural gas (LNG) trader, said it would sell around 200 million…
Draft shows that EU countries are trying to limit the ways in which Russian gas can be circumvented by EU countries.
A draft of the latest negotiation proposal for the rules seen by revealed that the European Union is trying to block any way Russian gas can still enter Europe after the phase-out. The European Commission proposed legislation in June to phase out EU oil and gas imports from Russia by January 1, 2028.
US sanctions prevent Colombian Ecopetrol from purchasing Monomeros gas from Venezuela
Due to U.S. sanction, Colombian state-run Energy Company Ecopetrol is unable to acquire Venezuelan owned fertilizer producer Monomeros Colombo Venezolanos, or purchase natural gas from Venezuela, said Monica de Greiff on Caracol Radio Station. In July, Colombia's Mines and…
Document shows EU wants proof of Russian gas origin in order to enforce Russian ban
A document obtained by revealed that European Union countries may impose stricter requirements for companies to prove the source of gas imported as part the bloc's plan phase out Russian imports. Last month, the European Commission proposed legislation that would phase out EU imports from Russia by January 1, 2028.
Russian energy exports disrupted since the start of Ukraine War
One of the bargaining chips that Donald Trump will use to convince Vladimir Putin to progress towards a ceasefire agreement in Ukraine when he meets him on Friday is to reduce U.S. restrictions on Russia's exports and energy industry. Trump has also warned of tougher sanctions in the event that there is not progress.
Norway provides $100 million for the purchase of natural gas by Ukraine
The Norwegian government announced on Friday that it would donate 1 billion crowns (98.29 millions dollars) to Ukraine in order to purchase natural gas before winter. After Russian missiles damaged the production facilities to the east of Ukraine, Ukraine was forced to increase its gas imports.
Operator says Ukraine gas interconnector is still operational after Russian attack
The Ukrainian gas transmission operator reported that the interconnector Orlovka in southern Ukraine, which was attacked on Wednesday by Russian drones, continued to supply gas on Thursday. On Wednesday, Ukrainian officials claimed that Russia had hit a gas station in the…
Russia Strikes Ukrainian Gas Interconnector
Russia has struck a gas pumping station in Ukraine's southern Odesa region used in a scheme to import LNG from the U.S. and Azerbaijan, undermining preparations for winter, Ukrainian officials said on Wednesday.President Volodymyr Zelenskiy said the gas infrastructure had…
ExPro analyst says that Ukrainian gas reserves are at their lowest level in 12 years.
ExPro, an analysis firm, said that Ukraine's reserves of gas are the lowest they have been in 12 years. Storage facilities are currently less than one-third full. This estimate comes after Ukrainian president Volodymyr Zelenskiy accused Moscow earlier of deliberately undermining…
Origin Energy's APLNG revenues in the fourth quarter fell as lower LNG prices weighed.
Origin Energy, Australia, reported a sequential 6% decline in revenue for the fourth quarter from its stakes in Australia Pacific LNG project (APLNG), as lower commodity prices weighed down on earnings. Origin faced pricing pressure during the second quarter of the year as China…
Documents show that EU lawmakers are looking to phase out Russian gas faster.
Documents seen by revealed that the European Parliament is examining proposals to accelerate the EU's phase-out of Russian gas by an additional year, until January 2027. Officials in Brussels are preparing to negotiate the legally binding ban. European Union legislators and…
What is in the EU's 18th package of sanctions against Russia?
The European Union approved a new package of sanctions against Russia on Friday, in response to its conflict in Ukraine. This is aimed at further damaging the Russian oil and energy industries. The package includes a price cap for Russian oil, which is intended to reduce Moscow's…
China's crude imports in June reached the highest daily rate of since August 2023
Data showed that China's crude imports increased in June to the highest rate daily since August 2023. This was after refineries increased their operations and imports from Saudi Arabia and Iran rose, according consultancies. Data from the General Administration of Customs revealed that China was the world's biggest crude oil importer…
China's crude imports from June rose after Saudi Arabia and Iran imports increased.
Data showed that China's crude imports increased in June, both month-onmonth and year-onyear. This was due to refineries increasing operations, and an increase in imports from Saudi Arabia and Iran. Data from the General Administration of Customs revealed that China was the world's biggest crude oil importer…
Slovakia wants to reach an agreement on the end of Russian gas supply by Tuesday
Robert Fico, Slovakia's Prime Minister, said that the country hoped to reach an agreement by Tuesday with the European Commission and EU partner countries on guarantees it would not be affected by the end of Russian supplies as well as a new package of sanctions against Russia.
Israel resumes limited gas exports despite ongoing conflict; Egypt still waiting
Israel resumed exports of natural gas from its surplus, according to the Energy Ministry on Thursday. This comes nearly a full week after Israel and Iran engaged in an aerial battle. According to a source in the energy ministry, most of the gas exported is flowing into Jordan and "tiny quantities" have reached Egypt only this week.
Austria: EU should consider returning to Russian gas in the event of peace in Ukraine
An Austrian official told Brussels that the European Union would be willing to resume Russian gas imports if there was a future peace agreement between Russia and Ukraine. The European Commission will propose legal measures to implement the ban on Tuesday, with the goal of…
Austria: EU should resume Russian gas imports in the event of peace in Ukraine
An Austrian official told Brussels that the European Union would be willing to resume Russian gas imports in the event of a peace agreement between Russia and Ukraine. The European Commission will propose legal measures to implement the ban on Tuesday, with the goal of ending the EU's dependence on Russian energy before the end of 2027.