Tag Archives: Anadolu Agency

The likely impact of Russia-Ukraine tensions on energy supplies has led Japan to consider diverting its liquefied natural gas (LNG) reserves to Europe. “Japan plans to provide part of its LNG reserves to Europe as simmering tensions between Russia and the West over Ukraine undermine energy security in the region,” …

Rising geopolitical tensions in the past few months have contributed to the already tight European natural gas market and prompted the search for additional supplies, Fitch Ratings said in a statement Monday. Intensified geopolitical tensions may have delayed Gazprom’s Nord Stream 2 pipeline that will carry gas from Russia to …

The occupancy rate in Europe’s natural gas storage facilities fell to 37.5% in January 2021 from 52% in January 2022, according to data from Gas Infrastructure Europe. In January 2021, there were approximately 60 billion cubic meters of gas in all of the natural gas storages across Europe, and the …

Oil prices climbed on Friday, heading for gains for the seventh consecutive week over reports of supply disruptions in Libya and an explosion on an oil production ship off the coast of Nigeria. International benchmark Brent crude was trading at $91.44 per barrel at 0654 GMT with a 0.36% gain …

British multinational oil and gas company, BP, and Oman’s Ministry of Energy and Minerals signed a Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement for multiple gigawatt, world-class renewable energy and green hydrogen development in Oman, by 2030, BP announced in a recent statement. As part of the …

If there is a further escalation from Russia in Ukraine, Berlin together with its partners “will take joint suitable measures” against the Nord Stream II gas pipeline, Germany’s foreign minister warned on Monday. Speaking at a news conference in the capital Kyiv after meeting with her Ukrainian counterpart Dmytro Kuleba, …

The US on Friday voiced misgivings over the Eastern Mediterranean (EastMed) Pipeline, a planned gas pipeline that would ferry Israeli fuel from the eastern Mediterranean to Greece. A State Department spokesperson who commented on the matter on condition of anonymity told Anadolu Agency that the Biden administration is looking “critically …

The US has confirmed that it has decided to withdraw support from the EastMed gas pipeline project, which sought to transport Israeli natural gas to the European market via the Mediterranean Sea and Greece. The US Embassy in Athens reiterated its commitment to connecting energy in the Eastern Mediterranean to …

Oil prices slightly increased on Thursday as US crude stocks fell more-than-expected, declining five weeks in a row, however the omicron variant continues to cause negative market sentiments in the coming year. International benchmark Brent crude was trading at $79.24 per barrel at 0635GMT for a 0.03% increase after closing …

Turkey’s total oil imports increased by 22.3% on an annual basis to 4.20 million tons in October, according to data released by the country’s energy watchdog on Thursday. Crude oil imports, the category with the highest oil import volume, rose by 24.2% in October to 2.89 million tons, the Energy …