Ukrainian military forces targeted offshore oil and gas drilling platforms in the Black Sea on Monday, the country’s officials and Russia-installed head of Crimea have said. Oleksiy Honcharenko, People’s Deputy of Ukraine, first broke the news on Telegram, which was later confirmed on the same platform by Sergei Askyonov, who …
Read More »Ukraine Suggests Solution to EU Gas Crisis
Ukrainian gas transmission system operator GTS said on Wednesday it was ready to increase the volume of gas transit through the Sudzha entry point to supply the EU. This comes as the continent faces cuts to Russian gas-supply via the Nord Stream pipeline. “In order to help prepare European countries …
Read More »Ukraine Eyes Billions in Euros from Europe Electricity Exports
Ukraine hopes to make €1.5 billion from electricity exports to the European Union by the end of the year and earn to more in the future after obtaining the right to export its energy there, a Ukrainian energy ministry adviser said on Wednesday (8 June). Former Soviet Ukraine’s electricity grid …
Read More »Russia’s Gazprom Continues Shipping Gas to Europe via Ukraine
Russian gas producer Gazprom said on Sunday its supply of gas to Europe through Ukraine via the Sudzha entry point stood at 44.1 million cubic metres (mcm), up from 43.96 mcm on Saturday. An application to supply gas via another major entry point, Sokhranovka, was rejected by Ukraine, Gazprom said.
Read More »Putin Assures Austria Gas Deliveries, Ready to Talk Prisoner Swap with Ukraine
Russian President Vladimir Putin reported to Austria on Friday that Russia would meet its natural gas delivery commitments and was ready to negotiate a prisoner swap with Ukraine, according to Reuters. President Putin told Austrian Chancellor Karl Nehammer over the phone that all gas deliveries would be completed in full. …
Read More »Qatar Seeks Diversified Gas Customers Base
Qatar is striving for a diversified set of customers for its natural gas, the Gulf state’s energy minister told German daily Handelsblatt, potentially posing a limit to Germany’s purchasing ambitions to cut its dependency on Russian energy. “Just like buyers want to diversify their supplier base, we are keen to …
Read More »Ukraine’s Key IT Sector Booming despite Russian Invasion
Ukraine’s IT sector is booming despite the Russian invasion. Workers with stickers on their laptops recline on beach chairs outside a warehouse for start-ups in the west Ukraine city of Lviv giving off major Silicon Valley vibes. But the atmosphere inside is different. Through the glass doors of the complex, …
Read More »Ukraine to Suspend Gas Flow through Transit Point for Europe
Reuters reports that Ukraine will suspend the flow of gas through a transit point which it said delivers almost a third of the fuel piped from Russia to Europe through Ukraine, blaming Moscow for the move and saying it would move the flows elsewhere. Ukraine has remained a major transit …
Read More »Oil Closes up 1.5% and Posts Second Straight Weekly Increase on Supply Concerns
Oil prices rose nearly 1.5 per cent on Friday, posting a second straight weekly increase as impending European Union sanctions on Russian oil raised the prospect of tighter supply and had traders shrugging off worries about global economic growth. Brent futures, the global benchmark, rose $1.49, or 1.3 per cent, …
Read More »Booming LNG Demand will Require Plenty more New builds to be Contracted
LNG has the highest orderbook-to-fleet ratio of any shipping segment, and yet there’s plenty of analysts suggesting there’s room for far more newbuilds to be contracted soon with 2022 on course to break new records in terms of contracting with added impetus sparked by Russia’s invasion of Ukraine. Data from …
Read More »