Russian

Natural Gas

IEA: Europe Will Have to Cut Gas Usage By Nearly One-Third

In the first quarter of next year, the countries of the European Union will have to cut their usage of natural gas by up to 30% in preparation for a complete st…

LNG

Germany, Canada in Talks Over LNG Terminal for Export to Europe

Germany is in talks with Canada over options to export liquefied natural gas (LNG) to Europe via a terminal on Canada's east coast

Poland

Poland and Germany Best Placed for Gas-To-Coal Switch

European countries cited as best equipped as continent cuts its dependency on Russian gas, according to a report by ING’s macroeconomics team

Natural Gas

French Energy Giants Urge Consumers to Cut Energy Use

​The heads of France's big energy companies on Sunday urged individuals and businesses to limit power consumption immediately to prepare for a looming energy c…

Greece

Green Hydrogen Pipeline to Link Bulgaria and Greece

This is being built to cut Russian dependence and boost renewable energy access

Oil Price

Why Is There a Worldwide Oil-Refining Crunch?

Drivers around the world are feeling pain at the pump with fuel prices soaring, and costs are surging for heating buildings, power generation and industrial pro…

Natural Gas

“Nord Stream Reductions Will Increase Energy Prices Further”

Reduced gas flows via Nord Stream poses risks to European gas storage refill, according to a new report.

Coal-Fired Power Plants

Europe May Shift Back to Coal as Russia Turns Down Gas Flows

Europe's biggest Russian gas buyers raced to find alternative fuel supplies on Monday and could burn more coal to cope with reduced gas flows from Russia that t…

LNG

Qatar Expands LNG Capacity to Become Europe’s Emergency Gas Supplier

Qatar signed massive deals with TotalEnergies and Eni for the expansion of the world’s biggest LNG project.

Russian Federation

Enel Offloads Its Russian Assets for €137M

The company is forecasting a hit of approximately €1.3 billion on net income.

Natural Gas

Austria Revives Coal-Fired Power Option as Russia Cuts Gas Supply

Austria's government agreed with utility Verbund on Sunday to convert a reserve, gas-fired power plant so that it can produce electricity with coal should restr…

Crude Oil

U.S. Steps up Heavy Crude Imports as Biden Blasts Profiteering

U.S. refiners last month imported the most heavy crude in nearly two years, customs data showed, as they cranked up motor fuel production and sought to replace …

United Kingdom

UK ‘Paid £5.1BN for Russian Gas, Oil and Coal in 2021’

The UK spent £5.1 billion on Russian energy imports in the year to April 2022.

Energy Security

Lithuania Seeks to Cut Ties With Russian Grid Earlier

Lithuania’s President said the fastest decoupling would increase the energy security of the Baltic countries.

Natural Gas

EU Sees a New Energy Future for Europe

Russian gas is increasingly being shunned and the EU has declared that it envisions a future without the Kremlin's primary bread-winner: natural gas.