Tag Archives: European Union (EU)

EU Plans for Life without Russian Gas amid Inflation Spike

European Union leaders on Friday, June 24, warned that “cheap energy is gone” and agreed to boost preparations for further cuts in Russian gas, accusing Moscow of “weaponizing” energy via a supply squeeze which Germany warned could partly shut its industry. A day after celebrations over setting Kyiv on the …

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Qatar to Demand EU Sign Long-Term LNG Deals

Qatar plans to insist on terms that will lock Europe Union countries in for two decades of liquefied natural gas purchases, a move that will complicate the bloc’s goal to cut emissions while also reducing its dependence on Russian fuel. The Persian Gulf state, one of the world’s top LNG …

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Venezuela Resumes Oil Export to EU after 2 Years

A 650,000-barrel-cargo of Venezuela’s oil chartered by Italy’s Eni is about to set sail carrying the first export of crude from the US-sanctioned country to Europe in two years, Refinitiv Eikon data showed on Friday. The US State Department sent letters to Eni and Spain’s Repsol in May authorizing them …

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EU States Forced to Use Gas Reserves

The EU’s gas storage levels decreased this week for the first time in two months, according to the latest data from Gas Infrastructure Europe, as quoted by Bloomberg. The drop, which is seen as a sign of a deepening energy crisis in Europe, sent futures of the fuel soaring to …

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Ukraine Suggests Solution to EU Gas Crisis

Ukrainian gas transmission system operator GTS said on Wednesday it was ready to increase the volume of gas transit through the Sudzha entry point to supply the EU. This comes as the continent faces cuts to Russian gas-supply via the Nord Stream pipeline. “In order to help prepare European countries …

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Europe cannot Ban Russian Gas anytime soon

Hungarian Foreign Minister Peter Szijjarto has ruled out the prospect of a Russian gas ban in the European Union’s next package of sanctions, calling it “impossible”. Landlocked Hungary is overwhelmingly dependent on Russian hydrocarbons. Szijjarto’s comments come as Russian President Vladimir Putin says he believes the West will not be …

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