Tag Archives: News.am

The European Union (EU) is considering a voluntary 15% cut in natural gas use by its member states beginning next month on concerns that Russia may halt supplies of the fuel, Bloomberg reported on Tuesday, citing EU diplomats, Reuters reported. Brussels is expected to publish plans on Wednesday for how …

Germany will stop buying Russian coal on 1 August and Russian oil on 31 December, Deputy Finance Minister Jörg Kukies said at a conference in Sydney, Reuters reported. Kukies said the key challenge going forward will be filling the huge gap that will remain when the European Union gives up …

French Economy and Finance Minister Bruno Le Maire on Sunday warned there is a strong chance that Moscow will totally halt natural gas supplies to Europe, Politico reported. “Let’s prepare for a total cut-off of Russian gas; Today that is the most likely option,” Le Maire told the Rencontres Economiques, …

Japanese Prime Minister Fumio Kishida said the ceiling price for Russian oil, which was included in the G8 summit statement, is expected to be about half the current price, Kyodo reported. “We will set a ceiling at about half the current price and create a mechanism to prevent people from …

The German section of the Nord Stream 2 gas pipeline may be repurposed to connect to a floating LNG terminal in the Baltic Sea, the German Economics Ministry is studying such plans, the German weekly Der Spiegel reported. According to the plans, the section of the pipeline laid on German …

Turkey is lowering into the sea the first pipe that will deliver natural gas from the Sakarya field in the Black Sea to the land, Turkish Energy and Natural Resources Minister Fatih Donmez said. Turkey will invest almost $10 billion in the project to produce and transport 540 billion cubic …

Iranian Oil Minister Javad Owji said that Iran and Azerbaijan will develop the latter’s Shah Deniz natural gas project jointly, Mehr reported. Developing relations with all countries especially neighboring states is the main foreign policy of Iran in administration of President Ebrahim Raisi, he said, adding that experience of Iran-Azerbaijan …

Senior OPEC ministers opposed a new US bill aimed at regulating production, saying such measures would lead to more chaos in energy markets. UAE Energy Minister Suhail Al Mazroui told CNBC that OPEC is being unfairly attacked over the energy crisis and that actions by US lawmakers to disrupt an …

Denmark’s political parties formed a plan for the ownership of its $34 billion man-made energy island in the North Sea that’s needed to fulfill its ambitious carbon reduction target, Bloomberg reported. The island will support infrastructure for Denmark’s offshore wind parks which will supply electricity to millions of homes. The …

World oil prices are going up on Tuesday, and trading data attest to this. Accordingly, the WTI oil futures for June rose 2.29 percent to $32.55 a barrel, RT reported. And the Brent oil futures for July supplies increased 0.60 percent to $35.02 a barrel.