Tag Archives: European Union (EU)

The EU’s liquefied natural gas imports from Russia jumped by 40% between January and July 2023 compared to the same period of 2021, before the Russian invasion of Ukraine, campaign NGO Global Witness said on Wednesday. Unlike Russian oil, Russian gas is not banned or under sanctions in Europe. But …

The EU on Saturday welcomed the completion of oil transfer from the decaying ship FSO Safer in the Red Sea waters off the Yemeni coast. “The successful transfer of the estimated 1.14 million barrels of light crude oil is key to averting an imminent environmental disaster in Yemen and the …

Ukraine has warned Austria that it does not plan to extend the gas transit contract, DW economic expert Andriy Gurkov said. He notes that the Ukrainian route mainly serves Austria, with some small gas volumes that ship to Hungary and Italy. Therefore, the Austrian OMV company has already reserved transit …

EU member states appear to have little appetite for adjusting the G7 price cap on Russian oil exports, despite growing evidence that the value of Russia’s main Urals crude is rising above the previously set level of $60 per barrel. Poland and its smaller Baltic neighbors previously took the most …

The EU and Japan agreed July 18 to strengthen their energy cooperation by establishing an EU-Japan energy security dialogue on global LNG “architecture.” In a statement, the EU said the dialogue would see collaboration on a global “early warning” system to help pre-empt possible supply shocks and ensure global LNG …

The European gas market still faced “major uncertainties” ahead of winter and a full halt to Russian gas flows could reignite tension, said the International Energy Agency (IEA). “Fierce competition for gas supplies could also emerge if northeast Asia experiences colder than usual weather and economic growth is stronger than …

The European Union is asking European aluminum and zinc manufacturers whether they can produce key chip metals gallium and germanium as byproducts in their smelters as it seeks alternatives after China imposed export restrictions. Last week, China sent shockwaves through the supply chain and chip markets after announcing export controls …

The value of Kazakhstan’s exports of fossil fuels and related materials to the EU increased by 65.15 percent in 2022 compared to 2021, Trend reports. According to Eurostat, the statistical office of the EU, in 2022, Kazakhstan exported fossil fuels and related products to the EU worth 26.1 billion euros, …

The European Union is going ahead with plans to leave the Energy Charter Treaty, which climate activists have slammed as playing for the hydrocarbons team. The Financial Times reports that the European Commission is later today set to propose a joint exit from the Treaty, after several individual member states …

The European Union’s climate chief has expressed concern over the expansion of China’s coal industry with the building of new coal-fired plants. At a conference in Beijing, Frans Timmermans said while China was forging ahead with plans to expand its use of renewable resources such as wind and solar energy, …