Tag Archives: Europe

Two oil companies could begin shipping Venezuelan oil to Europe as soon as next month to make up for Russian crude, resuming oil-for-debt swaps halted two years ago when Washington stepped up sanctions on Venezuela. The volume of oil that Italian oil company Eni SpA and Spain’s Repsol Sare expected …

Russia is constructing a way to pay its Eurobond debt that would sidestep the western financial infrastructure, now mostly off-limits because of the Ukraine war, Finance Minister Anton Siluanov was cited as saying in an interview with Vedomosti. Foreign investors can open accounts in Russian banks in rubles and hard …

Prime Minister Pedro Sánchez will call for more ambition to implement the reform of the European electricity markets and reduce energy bills on Monday and Tuesday at the EU summit in Brussels, Spanish official sources told EURACTIV’s partner EFE. Sánchez, together with other EU leaders, will participate in the extraordinary …

Russian gas producer Gazprom said on Sunday its supply of gas to Europe through Ukraine via the Sudzha entry point stood at 44.1 million cubic metres (mcm), up from 43.96 mcm on Saturday. An application to supply gas via another major entry point, Sokhranovka, was rejected by Ukraine, Gazprom said.

The European Commission sent a revised proposal to national governments on Saturday that would spare oil shipments through the giant Druzhba pipeline, which is Hungary’s main source of crude imports, Bloomberg reported on Sunday, citing people familiar with the matter.

The Haidach gas storage site in Austria—one of central Europe’s largest—may be unable to receive any natural gas ahead of next winter due to a lack of connections other than with Russia’s Gazprom, Austrian energy officials told Bloomberg on Friday. The Haidach site was built and used by Gazprom and …

Natural gas buyers in Asia and Europe are seeking to lock in supplies via long-term contracts as a buffer against volatile global prices, industry executives said, in moves that will reverse the last decade’s trend of increasing spot purchases. Fears of disruptions in Russian gas to Europe and low inventories …

European energy companies appear to have bent to Russian President Vladimir Putin’s demand that they purchase natural gas using an elaborate new payment system, a concession that avoids more gas shut-offs and also gives Putin a public relations victory while continuing to fund his war effort in Ukraine. The system, …

The liquefied natural gas market is hurtling toward a potentially historic shortage this winter as the world rushes to secure the super-chilled fuel. Europe’s plan to cut imports of piped Russian gas by two-thirds by the end of the year and replace it with LNG from the US and Africa …

One of the keys to complete independence of Southeastern Europe from Russian gas is the new import and transit infrastructure that is being developed in Greece, according to a statement by the European Commission. In addition to the projects that are being implemented, the Environment and Energy Ministry last week …