Source link A massive fireball and column of smoke were captured in videos circulating online A large blast has erupted at a gas pipeline in Central Iran, the Mehr News Agency reported, citing local officials. Evaluation teams have been dispatched to the area to survey the damage. The explosion erupted in the early hours of […]
Source link Austria’s plans to end a long-term contract for Russian gas would cause energy prices to “explode” and would fuel inflation in the country, Axel Kassegger, a member of the Freedom Party of Austria, has warned. On Monday, Austrian Energy Minister Leonore Gewessler urged for radical steps to be taken to cut the country’s […]
Source link Austria has actually increased imports from the sanctioned country due to a lack of affordable alternatives The share of Austria’s gas imports from Russia has continued to grow, hitting a record high of 98% in December, Austrian Energy Minister Leonore Gewessler has said. The share was 76% the month before, according to the […]
Source link Surging energy costs have led to factory closings and the shifting of production lines overseas, Bloomberg says Germany’s reign as an industrial superpower is “coming to an end” as the loss of cheap Russian natural gas amid the Ukraine crisis has dealt a “final blow” to manufacturers that were already struggling to remain […]
Source link Russian pipeline gas supply to the EU jumped by 41% last month on an annual basis, amounting to 2.52 billion cubic meters (bcm), the newspaper Vedomosti reported on Wednesday. According to the newspaper’s analysis of Gazprom data, gas transit via Ukraine to EU countries and Moldova (since Gazprom does not provide separate data […]
Source link The fossil fuel industry is expected to spend more than $1 trillion globally over the next decade on natural gas production, driven by growing demand from Europe, a report released this week by climate campaign group Global Witness has claimed. The NGO’s analysis of data from Rystad Energy shows that $223 billion of the […]
Source link Gazprom supplied all of the agreed-upon volumes to Austria under a long-term contract, the outlet says Austria has become a net energy exporter for the first time in twenty years as stable supplies of Russian natural gas allowed it to sell more electricity than it imported, Bloomberg reported this week. While most EU […]
Source link The incident in Kenya’s capital has killed at least three people and left hundreds more injured At least three people are dead and nearly 300 others have been left injured in Kenya’s capital, Nairobi, after a vehicle loaded with gas exploded and sparked a massive blaze, the authorities of the East African nation […]
Source link Uniper was nationalized after facing €40 billion in losses due to the halt in Russian gas supplies The German government is preparing to sell part of its 99% stake in the country’s major gas importer Uniper, which was bailed out during the energy crisis in 2022, Bloomberg reported on Wednesday, citing people familiar […]
Source link The African Union says it would have liked to be consulted prior to the launch of the Italian partnership project Italian Prime Minister Giorgia Meloni unveiled a partnership initiative on Monday, aiming to strengthen cooperation with Africa, curb immigration through economic empowerment, and establish an energy hub for the European Union. But the […]
Source link Moscow and Beijing are still assessing the cost and benefits of Power of Siberia 2, which would pass through Mongolia The construction of the Power of Siberia 2 gas pipeline linking Russia to China via Mongolia is expected to be postponed, the Financial Times has reported, citing Mongolian Prime Minister Luvsannamsrain Oyun-Erdene. Earlier […]
Source link Global production of the fuel is also expected rise whereas supply will likely remain tight, according to the energy watchdog Gas production in Russia is expected to rise by 4% this year, according to the International Energy Agency’s (IEA) Gas Market Report published on Friday. The Paris-based energy watchdog pegged Russian gas output […]
Source link The preliminary analysis for Power of Siberia 2 has already been carried out, Aleksandr Novak has said The timing and cost of the construction of the new mega pipeline Power of Siberia 2, which will deliver Russian natural gas to China, will be determined after Moscow and Beijing sign binding agreements, Deputy Prime […]
Source link The current transit deal is due to expire at the end of this year but Bratislava is negotiating to extend it, Prime Minister Robert Fico says Ukraine may allow Russian natural gas to be piped through its territory beyond 2024 when the current transit deal is due to expire, Slovak Prime Minister Robert […]
Source link A truck carrying 60 tons of liquified natural gas (LNG) collided with a car and exploded in the Mongolian capital, Ulaanbaatar. The explosion occurred near the Dunjingarav market in the early hours of Wednesday, local time, starting a fire which rapidly spread to a nearby building, the Mongolian National Emergency Management Agency (NEMA) […]