Talks aiming at agreeing an EU-wide ban on Russian oil imports have gone into a sixth day. Hungary, Slovakia, the Czech Republic and Bulgaria are resisting approval and demanding special dispensations to accommodate domestic needs. The main point of contention remains the ambitious timeline envisioned by the European Commission: a …
Read More »Spain Becoming One of Europe’s New Hydrogen Hubs
Spain is becoming one of Europe’s new hydrogen hubs, said European Commission President Ursula von der Leyen during a press conference in Barcelona on Friday, adding that the country has always been a “front runner” in the NextGenerationEU plan. “This is a defining moment for Europe and for our future,” …
Read More »Russian Energy Company Says EU can Buy Gas without Breach of Sanctions
Gazprom PJSC, a Russian state-owned energy company, has written to its European customers to reassure them that they can continue to pay for gas without breaching sanctions. This comes after European Commission proposed a total ban on Russian oil imports to the European Union. The EU’s planned ban on Russian …
Read More »Bulgaria Threatens to Veto EU Oil Ban on Russia unless It Gets Derogation
Bulgaria has threatened not to support European Union’s new set of sanctions against Russia if the Balkan country does not get a derogation from the proposed ban on buying Russian oil, Deputy Prime Minister Assen Vassilev said late on Sunday. European Union governments moved closer on Sunday towards agreeing on …
Read More »Farmers in Europe Turn on Tap for Biogas to Offset Russian Energy
Farmers in the lush fields southwest of Paris are joining Europe’s fight to wean itself off Russian energy over Moscow’s invasion of Ukraine. They’ll soon turn on the tap of a new facility where crops and agricultural waste are mashed up and fermented to produce “biogas.” It’s among energy solutions …
Read More »Italy in Trouble if Russia soon Curbs Gas Supplies
Italy would be in trouble if Russia decided to curb its gas supplies to the country in the next few months, Ecological Transition minister Roberto Cingolani told Festival Città Impresa in an interview on Sunday. Italy currently imports about 29 billion cubic metres of gas per year from Russia. If …
Read More »Japan Says Sakhalin 1, 2 Projects are Extremely Important for Stable Energy Supply
Japan’s Chief Cabinet Secretary said on Monday the Sakhalin 1 oil and Sakhalin 2 liquefied natural gas (LNG) projects in Russia are “extremely important” for the country’s stable energy supply and it does not intend to abandon its stake in the project. Hirokazu Matsuno’s remark came after Japan decided to …
Read More »Qatar’s Future Role in Global LNG Trade Very Promising
The outlook for Qatar’s future role in global LNG trade is very promising since the country has a great potential to send its LNG cargoes into Asian markets with lower shipping costs compared to other LNG suppliers, the Gas Exporting Countries Forum (GECF) has said in a report. Additionally, Qatar …
Read More »Global LNG Demand to more than Double to 800mn tonnes by 2050
Global LNG demand will more than double from 356mn tonnes in 2020 to 800mn tonnes by 2050, “fuelled by solid demand from Asia and a rise in gas use for powering hard-to-electrify sectors”, according to the Gas Exporting Countries Forum (GECF). The biggest regasification capacity additions to 2050 are expected …
Read More »Iraq’s Oil Minister: KRG Mismanages the Oil Wealth
Iraq’s Minister of Oil, Ihsan Abdul-Jabbar Ismail, dismissed the Kurdistan Regional Government’s management of the oil wealth as “faulty” and wasteful of the Iraqi treasury resources. Ismail’s remarks came during the fourth meeting of the opinion commission on the Supreme Federal Court’s ruling against the KRG’s oil and gas law, …
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