Tag Archives: Russia Today

As part of its pledges during the COP26 climate summit last month, India—where coal currently accounts for around 70% of electricity generation—committed to net-zero emissions by 2070, and 500 gigawatts (GW) of installed renewable energy capacity by 2030. In late October, an expert committee appointed by the power ministry submitted …

The US is set to boost its liquefied natural gas (LNG) capacity, once two new liquefaction units become operational late next year. This would enable the country to overtake Australia and Qatar as the world’s top LNG exporter. The US Energy Information Administration expects the country’s LNG export capacity to …

Deliveries of Russian natural gas to Germany through the Yamal-Europe pipeline have been completely halted, data from the country’s transport operator, Gascade, revealed on Tuesday morning. The suspension of the flow comes after a weekend in which the volume being sent through the network dropped significantly, just as demand for …

The price of natural gas in Europe on Tuesday rose to $1,400 per 1,000 cubic meters after Germany said Russia’s Nord Stream 2 pipeline could not be greenlighted for launch, citing rising tensions on the Ukrainian border. The price of January futures on the TTF hub in the Netherlands rose …

When news first broke a few years ago that Russia’s state nuclear energy company was working on a floating nuclear power plant, some took it as a joke. Others mocked it as the worst idea ever. But it turns out it wasn’t such an outlandish idea after all. The Akademik …

Germany’s new government will have to “take another look” at the controversial Nord Stream 2 gas pipeline because it’s a “strategic project” aimed at putting Ukraine under pressure, the incoming German vice-chancellor has claimed. Speaking to Munich-based daily Süddeutsche Zeitung, Robert Habeck explained his belief that the pipeline was “never …

The largest international oil and gas firms wrote down assets worth $150 billion last year when prices crashed with the demand slump in the pandemic. Despite the fact that this year’s oil prices are now nearly double compared to the 2020 average, the energy industry faces additional impairments in the …

Japan is considering tapping into its national oil reserves, the country’s PM has confirmed, after Washington reportedly urged top oil consumers to release their reserves to tackle high crude prices. Speaking to reporters during his visit to the southern Japanese city of Matsuyama on Saturday, Prime Minister Fumio Kishida said …

Europe could have a way out of a natural gas shortage if the winter is colder than usual. The very tight European gas market may find relief from the supply crunch if it taps part of the so-called cushion gas, which keeps supply pressure at storage facilities, energy consultancy Wood …

OPEC+ is ready to risk prices going higher and affecting demand rather than add more supply to curb the upward potential of benchmarks, Reuters’ John Kemp wrote in a column this week. According to Kemp, OPEC+, like US shale oil drillers, tend to put more weight on the downside risks …