Tag Archives: Russia

Europe has been importing growing volumes of liquefied natural gas from Russia and should consider replacing these with supply from other sources, including Qatar, according to Fatih Birol, Executive Director of the International Energy Agency (IEA). “Europe has been importing a lot of Russian LNG to help its economies,” Birol …

Russia is aiming to transport gas using nuclear-powered submarines. The project involves the creation of a massive 360-meter-long submarine gas carrier, boasting a capacity of around 180,000 tons. The country’s plans to construct these submarines for transporting liquefied natural gas (LNG) were highlighted by Russian President Vladimir Putin at the …

As U.S. President Donald Trump pushes for talks with Russia for an end to the war in Ukraine, the EU on Wednesday agreed on a new package of sanctions against Moscow, including a ban on Russian aluminum imports and the designation of 73 shadow fleet vessels. A day after senior …

Potential sanctions relief on Russia in case of a ceasefire or peace deal for Ukraine will not boost materially Russia’s oil supply to the market, according to Goldman Sachs. As the U.S. and Russia launched talks on Ukraine and potential U.S.-Russia economic rapprochement, oil market participants and analysts have started …

The European Union, ever the conflicted protagonist in its own energy saga, is gearing up to throw its weight around in the global LNG market—again. A leaked draft from the European Commission suggests Brussels will “immediately engage” with LNG suppliers to stabilize energy prices, all while still pretending it’s on …

The Group of Seven is considering collectively tightening an oil price cap on Russian petroleum in an effort to cut Moscow’s oil revenues as the war in Ukraine rages on, Bloomberg has revealed. A draft statement seen by Bloomberg shows that these nations could task their finance ministers to collectively …

Ever since the U.S. introduced sanctions on Russian energy, Moscow has been transporting oil under the radar using clandestine techniques such as shadow fleets. Demand for Russian crude has risen from some countries as Putin has offered oil at highly discounted rates to maintain Russia’s export revenues. Countries such as …

U.S. sanctions against Russia’s oil exports and trade should not hinder Russian energy trade with India, Russia’s first deputy energy minister, Pavel Sorokin, said on Tuesday. Indian refiners are scrambling for alternatives after the U.S. sanctions designated hundreds of tankers, as well as oil traders, last month. Since the Russian …

China’s independent refiners have slashed their processing rates to the lowest level in nearly five years as costs to procure crude soared amid dwindling Russian supply following the latest U.S. sanctions. Crude supply became more expensive for the private Chinese refiners, concentrated in the Shandong province, and dragged refining margins …

Since Russia launched its full-scale invasion of Ukraine nearly three years ago, Western nations have accused China of supplying Moscow with microchips and other critical dual-use technologies that are “powering Russia’s brutal war of aggression.” In response, Washington and Brussels have hit hundreds of Chinese companies and individuals with sanctions …