French energy major TotalEnergies and U.S. LNG infrastructure company Sempra have expanded their North American strategic alliance with the signing of two Memorandums of Understanding (MoUs). TotalEnergies said that one of the agreements was for the Vista Pacífico LNG export project in Mexico while the other was for the co-development …
Read More »European Gas Advances as EU Weighs New Sanctions against Russia
Natural gas prices in Europe rose as supply fears intensified amid a push for further sanctions against Russia. Benchmark futures rose as much as 7%. Some European Union members are pushing for the bloc to quickly impose new penalties against Russia after reports of atrocities near Kyiv. German Chancellor Olaf …
Read More »Ukraine Plans to Resume Regulatory Control at Chornobyl Nuclear Plant
The International Atomic Energy Agency (IAEA) has been notified by Ukraine that it is examining the possibility to resume regulatory control of the Chornobyl Nuclear Power Plant (NPP), after the withdrawal of the Russian military from the site. Ukraine also informed IAEA that it is also planning to rotate staff …
Read More »Slovakia Willing to Pay for Russian Gas in Rubles
Slovakia is willing to pay for Russian gas in rubles to keep its gas supply, the country’s Economy Minister Richard Sulik said on national television on Sunday. “If there is a condition to pay in rubles, then we will pay in rubles,” Sulik said, adding that the EU member state …
Read More »Oil Prices Set to Open after Largest Weekly Fall in Two Years
Oil futures were set to open for Asian trade on Sunday, after both Brent and US crude benchmarks posted their biggest weekly falls in two years last week as the United States announced the largest ever release from the US Strategic Petroleum Reserve. Both contracts settled down around 13 per …
Read More »GCC Index Sees Biggest Gains since Global Financial Crisis
A broad-based rally in GCC markets coupled with elevated oil prices have pushed the MSCI GCC aggregate benchmark up 17.7% during Q1-2022, the biggest gains since Q2-2009. Gains were supported by four consecutive months of gains in the index, according to Kamco Invest a premier investment company based in Kuwait. …
Read More »World’s Scramble for Energy Drives Australian Exports to Record
Australia stands to gain from a surge in energy prices on prospects that the war in Europe will exacerbate global oil and gas shortages as nations shun supplies from Russia, according to the government forecaster. The disruption to Russian energy exports amid sprawling sanctions on Moscow will keep prices high, …
Read More »European Hydrogen Development and Opportunities
The war in Ukraine has made the security of energy supply a top priority, increasing pressure in Europe to accelerate the transition to cleaner fuels, including hydrogen. This was one of the topics covered at the European Gas and Hydrogen Conference that took place in Vienna between 21-23 March. More …
Read More »Putin Insists on Ruble Payments for Gas
Russian President Vladimir Putin on Thursday said that the country’s natural gas must be paid for with rubles, a demand apparently intended to help bolster the Russian currency, but one that European leaders say they will not comply with because it violates the terms of contracts and sanctions. Putin said …
Read More »Baltic States Stop Importing Russian Gas
The head of Latvia’s natural gas storage operator said April 2 the Baltic states were no longer importing Russian natural gas. “If there were still any doubts about whether there may be any trust in deliveries from Russia, current events clearly show us that there is no more trust,” said …
Read More »