Moscow on Saturday accused the United States of being ready to risk global energy instability with new sanctions on Russia’s energy sector, including industry majors such as Gazprom Neft, which were announced earlier on Friday. The U.S. and the U.K. on Friday announced new sanctions against Russia’s energy sector, including …
Read More »China and India Stand to Lose from U.S. Sanctions on Russian Oil Trade
The United States is set to impose some of the harshest sanctions yet on Russia’s oil industry, Reuters has reported. According to a purported U.S. Treasury document circulating among traders in Europe and Asia, some 180 vessels, several senior Russian oil executives, dozens of traders and two major oil companies …
Read More »India’s Refiners Brace for Major Disruption to Russian Oil Supply
Indian refiners expect their supply of cheaper Russian crude to be severely crippled with imminent U.S. sanctions expected to be slapped on tankers transporting Russia’s oil, refining sources in India told Reuters on Friday. Indian refiners understand that the outgoing Biden Administration is set to target in a new sanctions …
Read More »Asia Diversifies Its Oil Supply as more Iran and Russia Sanctions Loom
The top buyers of Russian and Iranian crude in Asia, China, and India, have been buying more crude from the Middle East and Africa, expecting fresh sanctions on Iran and Russia to cripple supply from these two exporters, traders have told Bloomberg. In the past few weeks, supply of Russian …
Read More »Kazakhstan Struggles to Reduce Dependence on Russian Routes for Oil Exports
Kazakhstan maintained its reliance on Russian infrastructure to deliver oil to international customers in 2024, despite calls from the central Asian country’s president to seek alternative export routes. State run oil pipeline operator KazTransoil, which operates the country’s second largest export route for Kazakh oil, said on Monday that shipments …
Read More »Ukraine Halts all Russian Gas Exports to Europe as Transit Deal Expires
Russian natural gas exports via Soviet-era pipelines running through Ukraine to Europe were halted in the early hours of New Year’s Day as a transit deal expired and warring Moscow and Kyiv have failed to reach an agreement to continue the flows. The shutdown of Russia’s oldest gas route to …
Read More »Slovak PM: Halting Russian Gas Transit to have Drastic Impact on EU
The halt of Russian gas transit to Europe via Ukraine will have a “drastic” effect on the European Union, Slovak Prime Minister Robert Fico warned on Wednesday, despite the European Commission saying that the bloc had prepared for the cut-off. “Halting gas transit via Ukraine will have a drastic impact …
Read More »Russia’s First Ice-Class LNG Carrier Begins Sea Trials
Russia’s first ice-class LNG carrier has begun sea trials, advancing its efforts to expand in the global LNG market despite US sanctions, reported Reuters. The Alexey Kosygin tanker, named after a Soviet statesman, was built at the Zvezda shipyard and will join Russia’s Arctic LNG 2 fleet, which has been …
Read More »Russia Plans to Reconnect Zaporizhzhia to National Grid
Russia intends to reconnect the Zaporizhzhia Nuclear Power Plant (ZNPP) to the national power grid when circumstances permit, local Russian media reported on Sunday. RIA Novosti reported on Sunday that Russia intends to reconnect the Zaporizhzhia Nuclear Power Plant (ZNPP) to the national power grid when circumstances permit. The report …
Read More »Sanctioned Russian LNG Cargo Stranded at Sea
The shadow fleet of liquefied natural gas carriers transporting blacklisted Russian LNG has encountered a major setback, with at least one ship’s cargo traveling around the world, finding no buyers as the cargo was deemed too risky. Bloomberg reports that an LNG carrier called “Pioneer,” carrying a sanctioned shipment of …
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