The first ten places on the list of the largest greenhouse gas emitters in the EU are occupied by coal-fired power plants, with the highest number found in Poland and Germany. These ten power plants accounted for one-quarter of the total emissions from the energy sector and 13 percent of …
Read More »Gas in Europe Cheapest in Nearly Two Years
At the end of las week, gas prices on the European market dropped to their lowest level since June 2021. Last year’s upward chaos has been completely reversed, which may suggest that the continent is emerging from the energy crisis caused by the Russian invasion of Ukraine, according to Bloomberg. …
Read More »Russian Oil Exports Remains Stable Thanks to China and Foreign-Flagged Tankers
Oil tankers owned by Russia’s state-backed fleet operator Sovcomflot are still delivering to ports in Europe, according to OCCRP, a global network of investigative journalists. The company disguised its ownership of the vessels by basing subsidiaries in Cyprus and the United Arab Emirates. Once the sanctions came into full effect, …
Read More »German Court Rejects Russian Nord Stream 2’s Appeal
A German court in Düsseldorf has rejected an appeal by Nord Stream 2 AG to allow its pipeline to be exempt from the EU’s gas directive rules. Thus Russia will be unable to use the full transport capacities of the new gas pipeline once it is launched soon. This will …
Read More »Russia Becomes World’s Second-Largest Oil Producer
The United States retained its leadership in oil output worldwide, the Joint Oil Data Initiative (JODI) said in a new update. Russia won the second place whilst Saudi Arabia came third. As for both oil output and processing, in June, Russia saw a slight change month-on-month. The U.S. oil production …
Read More »TurkStream Pipeline Sees Further Delays
On April 16, Bulgarian Prime Minister Boyko Borisov said his country is likely to see some delays in the implementation of the TurkStream pipeline amidst the ongoing coronavirus outbreak. Nonetheless, some of the workers that construct the gas pipeline are foreigners who are put under a mandatory 14-day quarantine. Bulgaria’s …
Read More »Russian Oil Companies Squabble over New OPEC Deal
OPEC countries reached a landmark deal to diminish oil output starting from May 1, 2020. On April 12, members of OPEC and their allies, including Russia, announced that they had agreed to cut production by 9.7 million barrels a day in May and June 2020. After that, the group will …
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