China urged Japan again Thursday to stop the ocean discharge of treated nuclear waste from the crippled Fukushima power plant. “The legitimacy and safety of Japan’s ocean discharge plan have long been questioned by the international community,” said Foreign Ministry spokesman Wang Wenbin, who urged Tokyo to engage in “honest …
Read More »Putin Extends Ban on Selling Oil to Countries with Price Cap on Russian Fuel
Russian President Vladimir Putin on Monday extended through Dec. 31 the ban on selling Russian oil and petroleum products to countries that introduced a price cap, a price above which fuel purchases are prohibited. According to a decree on the government’s official website, the supply of Russian oil and petroleum …
Read More »Azerbaijan to Increase Gas Supplies to Turkey by about 17%
With the expansion capacity of the Trans-Anatolian Natural Gas Pipeline (TANAP) Project, Azerbaijan will correspondingly increase its gas exports to Turkey to 10.2 billion cubic meters (bcm) per year, Azerbaijan’s Ambassador to Türkiye, Rashad Mammadov, told Anadolu Agency in an exclusive interview. According to the Natural Gas Market 2022 Sector …
Read More »Germany must Speed up Energy Transition for Climate Protection, Prosperity
German Chancellor Olaf Scholz said on Friday that the country should speed up the transition to green energy both for climate protection and more prosperity. Speaking to reporters in Berlin, after a meeting with business and trade union leaders, Scholz underlined that Germany has ambitious goals, and it is aiming …
Read More »US Energy Giant ExxonMobil Sues EU to Block New Windfall Tax
US energy giant ExxonMobil has sued the EU to block the new windfall tax, which are levied on large profits of oil and natural gas companies. ExxonMobil argued that its challenge is only against “the counter-productive” windfall profits tax, and not any other elements of the EU’s package to reduce …
Read More »Russia Sets Record in Daily Gas Deliveries to China
Russia set a record in daily gas deliveries to China on Wednesday, according to the head of the Russian energy giant Gazprom. Speaking at a meeting in Moscow, Alexey Miller said Gazprom made a decision to supply gas to China in volumes exceeding the daily contractual obligations. The maximum excess …
Read More »Kremlin: Europe has just Switched Gas Dependency from Russia to US
Europe has simply switched from dependency on Russian gas to dependency on LNG from the US, the Kremlin said on Sunday. “They have now changed their dependence on Russia for dependence on American liquefied natural gas. This is exactly the same dependence. Only there is much less reciprocity,” Kremlin spokesman …
Read More »US Says Russian Oil Price Cap does not Involve Ships through Turkish Waters
A US official said Wednesday that the oil price cap imposed on Russia does not involve ships navigating through Turkish waters. The Treasury Department said Deputy Secretary Wally Adeyemo spoke with Turkish Deputy Foreign Minister Sedat Onal and discussed Russia’s war against Ukraine and the implementation of the price cap …
Read More »Russia, China Switch to National Currencies in Payments for Gas
Russia said on Friday that it and China had switched to national currencies in their trade for natural gas, implementing a deal they signed in early September. Noting that Beijing already paid for Russian gas on the basis of the ruble-yuan parity, Deputy Prime Minister Alexander Novak said in a …
Read More »European Leaders Highlight Role of Clean Energy in Enhancing Economy
European leaders participating in the UN climate change summit (COP27) in Egypt underlined the importance of green hydrogen and clean energy in enhancing the economies of countries worldwide. Speaking at a roundtable on investment in the future of energy, German Chancellor Olaf Scholz emphasized the need to move to green …
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