Russian gas monopoly Gazprom took an important step toward cutting off almost all of its remaining supplies to the EU on Tuesday, as the Kremlin pulled its last remaining levers to pressure western and central Europe into dropping its support for Ukraine. In a post on its official Telegram channel, …
Read More »Greece Ramps up LNG Imports to Mitigate Energy Crisis
On the islet of Revithoussa near Athens, Greece’s only liquefied natural gas (LNG) terminal station is operating at full capacity. The country has boosted LNG’s share in its energy mix since the onset of the energy crisis to protect households and businesses from blackouts. For Greece, the rocketing cost of …
Read More »NATO Concerned over Leaks in Russian Gas Pipelines
NATO follows with “great concern” reports from the Baltic Sea on leaks in the Russian Nord Stream gas pipelines, Secretary-General Jens Stoltenberg said on Tuesday. Stoltenberg asserted that it is “extremely important to get all the facts on the table” and therefore NATO closely monitors the developments. His remarks came …
Read More »Oil Majors Shut in Gulf of Mexico Production as Hurricane Ian Advances
Oil supermajors Chevron and BP have evacuated personnel and shut in production at some of their platforms in the Gulf of Mexico as Hurricane Ian advances to the west coast of Florida, in the first shut-in of U.S. offshore oil and gas output this hurricane season. U.S. supermajor Chevron said …
Read More »Denmark Reports Leak in Russian Nord Stream 2 Offshore Gas Pipeline
Danish authorities reported a gas leak Monday from the defunct Nord Stream 2 pipeline close to the island of Bornholm in the Baltic Sea, according to Interfax news agency. The Danish Maritime Authority has banned all ships from moving within five nautical miles (9.25 kilometers) of the accident site, saying …
Read More »Grossi: Talks with Iran on Remaining Safeguards Issues Resumed
Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi says the agency has started talks with Iran to iron out differences over the outstanding safeguards issues. Grossi released on his Twitter page a picture of his meeting on Monday evening with the head of the Atomic Energy Organization …
Read More »China’s Renewables Growth Lifts Copper Demand as Housing Falters
China’s rapid build-up of clean energy is claiming more copper, supporting the market at a time when traditional sources of demand like housing are in the dumps. Copper imports are one of the few bright spots in an otherwise bleak picture for Chinese commodities consumption. Underpinning some of that demand …
Read More »Masdar and RWE Sign Agreement to Target Key Global Offshore Wind Markets
Abu Dhabi Future Energy Company – Masdar – and Germany’s RWE Renewables, two of the world’s leading renewable energy companies, announced today they have signed a Memorandum of Understanding (MoU) to explore collaboration on developing offshore wind projects in a range of key markets. Under the terms of the MoU, …
Read More »OPEC+ shall Make a Huge Output Cut to Salvage the Oil Prices
The Organization of Petroleum Exporting Countries (OPEC) and its allies can salvage the oil prices by reducing the output, expert Mohammad al-Husni said on Monday. “OPEC+ can control the prices if they agree on a huge cut on production in their October 5 meeting,” al-Husni told Shafaq News Agency. “A …
Read More »QatarEnergy Partners with TotalEnergies for North Field South project
QatarEnergy has selected France’s TotalEnergies as its first international partner in the North Field South (NFS) liquefied natural gas (LNG) expansion project in Qatar. As per the agreement terms, TotalEnergies will effectively hold a 9.37% stake in the 16 million tons per annum (Mtpa) NFS project. QatarEnergy intends to offer …
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