Europe to ration gas if Nord Stream stays shut, Ineos says
Europe will need to ration natural gas to meet winter heating demand if the Nord Stream pipeline doesn’t restart after planned maintenance, according to Ineos Group.
Europe
Benjamin Lakatos: Green transition takes a more realistic direction
“The issue of supply security caused by the Ukraine crisis that Europe is currently facing will speed up the green transition,” said Benjamin Lakatos. According to MET Group’s CEO, ongoing discussions about energy transition have now become more balanced.
G-7 edges closer to ditching pledge to end fossil-fuel financing
The Group of Seven is moving toward reversing a commitment to halt the financing of overseas fossil-fuel projects by year’s end, a proposal now viewed favourably by most members, according to people familiar with the matter.
Asia imports more seaborne Russian oil than Europe, India takes lion’s share
Almost four months after Russia’s invasion of Ukraine, Russian crude oil, Urals, has seen a switch in flow from its traditional market of Europe to Asia. Since the start of the war, based on the average of March to May 2022, Indian imports of Urals crude have picked up by 658% compared to 2021 levels, while for China the increase is 205% and for Asia as a whole 347%, Rystad Energy research shows.
Russia steps up energy wars with gas cuts to Europe’s top buyers
Russia stepped up the use of energy as a weapon by further cutting natural gas shipments via its biggest pipeline to Europe, prompting Germany to accuse the Kremlin of trying to drive up prices.
Freeport LNG offline until “late 2022”
Freeport LNG has provided an update on the circumstances of the June 8 fire at its facility on Quintana Island, Texas, warning that a return to full operations will not come until late 2022.
Early winter gas rush in Asia signals further price pain ahead
Liquefied natural gas (LNG) buyers in Asia are already busy securing cargoes for winter, indicating that competition in a tight market may lead to a further jump in prices.
US LNG flows into high-priced Europe, deserts China
The US more than doubled LNG exports to Europe in the first four months of the year, according to the Energy Information Administration (EIA).
Talking energy security, Namibian hydrogen eyes European role
Europe needs new sources of energy, particularly zero carbon energy, while Namibia offers abundant solar and wind. Can hydrogen bridge the gap, providing scope for both to prosper on the route to net zero?
China will take advantage of Russia’s energy dilemma, EU says
The European Union’s top trade official said China will exploit Russia’s need to diversify where it sells its energy, with the bloc set to ban as much as 90% of Moscow’s crude oil imports by year’s end.
Russia curbs gas supplies to Germany in warning for Europe
Germany said Russia is using energy as a “weapon” after Moscow reduced natural gas supplies in retaliation for Europe’s penalties over the war in Ukraine.
Ukraine turns off Europe-bound gas from Russia
Ukraine has cited "force majeure" to potentially halt a third of Russian transited gas flows to Europe from Wednesday, while Russia’s Gazprom claims there have been no issues that would justify the move.
China buyers hungry for US LNG as European demand set to surge
Russia’s invasion of Ukraine seems to have jolted China based buyers of liquefied natural gas (LNG) into signing more deals with US-based LNG export developments as global competition for the fuel surges.
Biden tells Modi: importing more Russian oil not in India’s interest
US president Joe Biden has told Indian Prime Minister Narendra Modi that increasing oil imports from Russia is not in India’s interest.
Energy hierarchy? Security of supply is coming out on top
I recently heard a BBC Scotland reporter state, almost as a throw-away “fact” about energy problems arising from the Ukraine war, that Scotland is, of course, unaffected because we produce more power than we consume.
The price for Europe to wean off Russian gas keeps going up
Europe’s ambitious timetable for building its way out of a dependence on Russian energy faces potential delays and billions of dollars in extra costs as the war in Ukraine makes steel, copper and aluminium scarce and more expensive.
Europe’s new LNG risk in pivot away from Russia
Europe has woken up to LNG demand as a means to provide energy security, even while such a move appears out of step with countries’ net zero commitments.
Norwegian government gives green light to Equinor to increase gas production
Norway is to up its production of gas in an effort to help Europe wean itself off supplies from Russia.
European energy prices soar as Russia seeks rubles for its gas
European energy prices surged after President Vladimir Putin said Russia will demand payments in rubles from natural gas buyers it deems “unfriendly.”
‘Not so turn off and onable’
Back in the 1990s, a talking tortoise advertised power for British homes, with the famous slogan 'it's got to be easily turn off and onable.'
Positive news for Asia LNG as Shell gets green light to restart Prelude FLNG
Australia’s offshore regulator has given approval for Shell (LON:SHEL) to restart its Prelude floating liquefied natural gas (FLNG) facility after the unit was forced to shut down last December due to a fire onboard following a power outage. Significantly, this will help ease the pressure on the tight regional market for liquefied natural gas (LNG).
Europe’s plan to quit Russian fuel starts a global fight for gas
The liquefied natural gas (LNG) market is primed for a global battle for supply with far-reaching repercussions as the threat of Russia cutting off Europe sends the continent scrambling for alternatives.
TenneT: Southern North Sea awaits new transmission
While energy production is at the forefront of many energy transition discussions, moving that energy around is equally important.
Normalising Hydrogen is already a thing in Europe
There are those that only talk about Net Zero – the “talkers”, those that are forever preparing Net Zero plans and studies – the “ditherers”, and those who are really getting on with implementing genuine Net Zero – the “doers”.
Biden to announce US Ban on Russian oil
The Biden administration will impose a ban on US imports of Russian energy on Tuesday without the participation of its European allies, according to people familiar with the matter.