Source link A large fire at a terminal on the Baltic Sea operated by Russian natural gas producer Novatek was caused by an “external impact,” the company has revealed. The blaze erupted at the port of Ust-Luga early on Sunday, and was the result of “external influences,” Novatek’s press office said, citing preliminary information. “There […]
Source link The incident comes amid reports of yet another Ukrainian drone raid on Russian infrastructure A fire has erupted at the commercial Baltic sea port of Ust Luga in the Leningrad region, governor Alexander Drozdenko confirmed early Sunday morning. There were no casualties reported as a result of the blaze, which started at the export terminal of […]
Source link The incident comes amid reports of yet another Ukrainian drone raid on Russian infrastructure A fire has erupted at the export terminal of Novatek, Russia’s second-largest natural gas producer, the governor of Leningrad region Alexander Drozdenko confirmed early Sunday morning. There were no casualties reported as a result of the blaze in the commercial Baltic […]
Source link The more expensive alternatives to Russian supplies have driven the country’s energy costs up Germany has been hit hard economically over the past two years, including by the loss of cheap energy, former German Foreign Minister Joschka Fischer admitted in an interview with Augsburger Allgemeine released on Friday. A deeper than expected slump […]
Source link Transit via Ukraine to Austria may be halted in the near future, according to OMV’s Alfred Stern There is a significant risk of Russian gas transits through Ukraine being terminated, the head of energy giant OMV, Alfred Stern, has said. In an interview with the Die Presse newspaper this week, the Austrian company’s […]
Source link The country is now in a “particularly” difficult situation, Vice-Chancellor Robert Habeck has warned The German economy has lost its competitive advantage after abandoning Russian gas supplies, Vice-Chancellor and Economy Minister Robert Habeck stated on Wednesday. The EU’s top economy benefited from cheap Russian energy for over two decades. It relied on the […]
Source link Demand from New Delhi for liquefied natural gas is expected to top 70 million tons annually Norway’s Crown LNG is set to invest more than $1 billion to construct a regasification terminal in India, Bloomberg reported on Tuesday, citing the company. The facility, which will be built in the city of Kakinada and […]
Source link Supplies of natural gas in the EU’s underground storage facilities continue to shrink as cold weather is forcing more fuel to be used for heating, Interfax reported on Tuesday. Gas inventories in the EU, one of the key indicators for the global market, fell to 85% full in early January after the bloc […]
Source link African countries are able to meet the EU’s growing need for energy only at the cost of their own interests The energy crisis in the European market continues. It has been caused by several factors, including accumulated structural imbalances in global energy markets, EU energy policy, the pandemic, and the armed conflict in […]
Source link Russia’s share of Türkiye’s energy imports neared 60% in 2023, according to Hurriyet Russia maintained its position as the top oil and gas supplier to Türkiye in 2023, the Hurriyet newspaper reported on Saturday, citing data from Ankara’s Energy Market Regulatory Authority. In October, the share of Russian gas in Türkiye’s imports reportedly […]
Source link The Russian energy giant has revealed a new daily record and a jump in year-on year exports Russia’s gas exports to China were nearly 50% higher in 2023 than they were the previous year, energy giant Gazprom has revealed. In 2023, Russia supplied 22.7 billion cubic meters of gas to the Asian nation […]
Source link Russian natural gas production has continued to grow in annual terms for the fourth month in a row in November, reaching nearly 60 billion cubic meters, business daily Kommersant reported this week, citing official data. Statistics by the Energy Ministry, seen by the newspaper, reportedly show that the figure was up 6.4% compared […]
Source link Gazprom may once again become the only gas supplier to Moldova if the latter can secure a better price from the Russian energy giant than it can on supplies from the EU, Moldovan Energy Minister Victor Parlicov said on Friday in an interview with Publika TV. The minister also said that Chisinau-controlled Moldova […]
Source link Natural gas prices in Western Europe rose more than 8% on Wednesday, according to data from the London Intercontinental Exchange (ICE). The cost of gas futures for July delivery at the Title Transfer Facility (TTF) hub in the Netherlands saw an increase by 8.4% to $429.8 per thousand cubic meters, or €37.055 per […]
Source link China’s involvement in Russia’s Arctic LNG 2 liquefied natural gas project should not be the target of any third-party intervention or restrictions, Beijing’s Foreign Ministry has said, according to Reuters. The statement follows media reports that foreign shareholders in the new Russian energy project have halted their participation amid US sanctions. Economic cooperation […]