Tag Archives: Russia

Russian Sakhalin Energy Investments Co is asking the buyers of its liquefied natural gas to pay for it via the Moscow branch of an international bank, Reuters has reported, citing unnamed sources. The source added that the Russian company was also in talks to change the currency, in which the …

Russia is boosting natural gas shipments to China as it curbs flows to Europe, a dynamic that may offer some respite from the unprecedented rally in energy costs, according to consultant Accenture Plc. Gas prices in Europe soared after Russia slashed supplies to its biggest market following the invasion of …

When Gazprom suspended the flow of gas earlier this month via the Nord Stream 1 pipeline, the European Union—and Germany, specifically—braced for a permanent halt in that flow. The deterioration in relations between Brussels, Berlin, and Moscow made such a halt a distinct possibility, but Gazprom restarted the flow of …

EU energy ministers gather in Brussels on Tuesday (26 July) for a special council meeting, with several countries aiming to water down the EU Commission’s winter emergency gas plan. Some member states are hoping to soften the bloc’s plan to require them to use less gas over winter, as Europe …

The European Union’s proposal to countries to reduce gas demand by 15% will not be enough to survive the winter in the face of continued cuts in Russian gas supplies. This was stated by the Minister of the environment of Ireland, Eamon Ryan, Reuters reported. Fifteen percent will probably not …

European Union countries are set to tussle over emergency regulation that could force 15% cuts in gas consumption through the winter if Russia escalates its showdown with the bloc by halting deliveries. Energy ministers from the bloc’s 27 member states will meet on Tuesday to wrangle over backing a proposal …

Asian natural gas prices are rallying on fears that Russia will slash supply again and worsen a global fuel shortage. The North Asia liquefied natural gas benchmark jumped 12% Friday, and is trading near the highest level since Russia’s war in Ukraine upended the global market, according to data from …

During the temporary halt to Russian gas supplies via Nord Stream 1, gas flows to Germany were significantly reduced, putting further pressure on prices. The German government aims to fill storage to 95 percent of capacity by November. BERLIN, July 25 (Xinhua) — German gas supplies are solid again as …

Russia’s latest move to cut natural gas supply to Europe is intensifying global competition for seaborne shipments of the fuel, threatening higher prices and shortages from Asia to South America. Utilities in South Korea and Japan are accelerating plans to purchase more liquefied natural gas cargoes for winter out of …

Russia surpassed Saudi Arabia as the largest crude oil supplier to China over the past two months as Western sanctions due to Moscow’s war with Ukraine dragged down prices of its petroleum exports, boosting their appeal among Asian buyers. Last month, China imported 7.3 million tons of crude oil from …