Gas

Europe Now Imports more U.S. Oil than Asia

Europe has overtaken Asia as the biggest buyer of U.S. crude oil, importing 213.1 million barrels over the first five months of the year, while Asia imported 191.1 million barrels, Bloomberg reported, citing Census Bureau data. This is the first time in six years that Europe has been a bigger …

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Russia Looks to Expand its Domestic Natural Gas Network

Russia is capable of manufacturing by itself all the equipment necessary for expanding its domestic gasification network, Russian Trade and Industry Minister Denis Manturov said on Friday. “We will be able to provide ourselves all the technological equipment and piping for the gasification of the whole country,” the minister said …

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The EU has Frozen $13 Billion in Russian Assets

European Union member states have so far frozen Russian assets worth $13.8 billion since Russia began its invasion of Ukraine, EU Justice Commissioner Didier Reynders has said. “For the moment, we have frozen — coming from oligarchs and other entities — 13.8 billion euros [$13.8 billion], so it’s quite huge,” …

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Russian Natural Gas Supply to Greece Remains Normal

The supply of Russian natural gas to Greece remains normal, Greek government spokesman Ioannis Oikonomou told a briefing on Monday, adding that the suspension of deliveries via the Nord Stream gas pipeline due to scheduled maintenance had no effect whatsoever. Asked whether natural gas supply to Greece is sufficient in …

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Europe Frets over Reduced Russia Gas Supplies

Russian gaz giant Gazprom begins 10 days of routine maintenance on its Nord Stream 1 pipeline on Monday — with Germany and other European countries watching anxiously to see if the gas comes back on. The annual work on the two pipelines was scheduled long in advance. The fear is …

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Italy Expands LNG Infrastructure Facilities before Winter

Italian energy company Snam acquired a new floating regasification vessel from BW LNG company to contribute to Italy’s energy security and diversification. The vessel has a maximum storage capacity of 170 thousand cubic metres of liquefied natural gas (LNG) and a continuous regasification capacity of about 5 billion cubic metres …

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