Putin’s gas strategy is doomed to fail
2 years, 1 month ago

Putin’s gas strategy is doomed to fail

Al Jazeera  

As Russia continues to unleash devastating attacks on Ukrainian civilian infrastructure, Europe is weighing up a future without Russian gas. The other route is via Turkey’s TurkStream pipeline and its Bulgarian extension, Balkan Stream, through which Russian gas is delivered to Serbia and Hungary. Russia’s atrocities will continue to incentivise moves towards the measure and while the EU has never been known for its ability to swiftly agree on such significant measures, the market appears to recognise the reality that even Russian LNG sales will eventually be cut off. With the EU’s increasingly full gas storage and the related decline in spot gas prices, Western officials can tear off the Band-Aid of Russian LNG imminently. For the foreseeable future, LNG alone cannot make up for the decline in Russia’s piped gas sales to Europe, which were about 140 bcm in 2021.

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History of this topic

Is the world sleepwalking into another gas crisis?
3 weeks ago

Is the world sleepwalking into another gas crisis?

Live Mint  

Gastech, a recent gas-industry jamboree in Houston, was full of enthusiasm. Insiders also worry that the global lng market, which became vital to Europe and Asia after the war in Ukraine began, could soon face its first true test. Sindre Knutsson of Rystad Energy, a consultancy, reckons that a big chill in Europe and Asia would create extra demand for …

The 'Most Vulnerable Country' To Russian ‘Blackmail’ Braces For Trump’s Return
3 weeks, 3 days ago

The 'Most Vulnerable Country' To Russian ‘Blackmail’ Braces For Trump’s Return

Huff Post  

LOADING ERROR LOADING Europe is bracing for another energy crisis this winter, teeing up a high-stakes early test of how a newly inaugurated Trump administration will attempt to balance efforts to reset relations with Russia against the needs of U.S. allies seeking fuel to stay warm during what’s forecast to be an unusually cold season. Few places will feel the …

The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war
1 month ago

The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war

Associated Press  

WASHINGTON — Russia’s third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions on Thursday — in a move intended to curtail Russia’s ability to evade the thousands of sanctions imposed on the nation since the start of Russia’s invasion of Ukraine in February 2022. Treasury Secretary Janet Yellen said the sanctions targeting Russia’s largest remaining …

EXPLAINER: Why is natural gas still flowing from Russia to Europe across Ukraine?
4 months, 1 week ago

EXPLAINER: Why is natural gas still flowing from Russia to Europe across Ukraine?

Associated Press  

FRANKFURT, Germany — It’s one of the more improbable aspects of Russia’s invasion of Ukraine: Even after 2 1/2 years of war and repeated rounds of sanctions, Russian natural gas keeps flowing through Ukraine’s pipeline network to customers in Europe. That hasn’t changed despite Ukraine apparently taking control of a gas measuring station near the Russian town of Sudzha as …

French imports of Russia's liquified natural gas surge, and Ukraine supporters seek a stop
4 months, 2 weeks ago

French imports of Russia's liquified natural gas surge, and Ukraine supporters seek a stop

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

EU targets Russia’s ‘ghost fleet’, expresses concern over its ‘hybrid attacks’
5 months, 4 weeks ago

EU targets Russia’s ‘ghost fleet’, expresses concern over its ‘hybrid attacks’

The Hindu  

The European Union on June 24 slapped new sanctions on Russia over its war on Ukraine, targeting Moscow’s shadow fleet of tankers moving liquefied natural gas through Europe. At a meeting in Luxembourg, where the sanctions were endorsed, EU Foreign Ministers also expressed concern about a rise in hybrid attacks by Russia — including allegations of election interference, cyber-attacks and …

David Cameron calls on Europe to turn off Russian gas to save Ukraine
6 months, 1 week ago

David Cameron calls on Europe to turn off Russian gas to save Ukraine

The Telegraph  

The bloc was responsible for importing up to half of Moscow’s LNG with Spain and France being the second and third largest buyers behind China. Lord Cameron also confirmed that Britain would hand Ukraine at least £3 billion in military support “next year and every year in the future for as long as it takes until Putin is defeated”. Rebuild …

Serbia will increase supplies of Russian natural gas to Hungary if Ukraine pulls out of transit deal
1 year, 4 months ago

Serbia will increase supplies of Russian natural gas to Hungary if Ukraine pulls out of transit deal

Associated Press  

BUDAPEST, Hungary — Serbia will provide Hungary with increased shipments of Russian natural gas if Ukraine follows through on ending a gas transit agreement with Russia, Hungary’s foreign minister said Sunday. Speaking in a taped message, Peter Szijjarto said Serbia’s president, Aleksandar Vučić, had met with Hungarian Prime Minister Viktor Orbán in Budapest, and assured him that Serbia would be …

Europe has shaken off Putin’s gas embargo
1 year, 6 months ago

Europe has shaken off Putin’s gas embargo

Hindustan Times  

Weapons come in all shapes and sizes, from the Javelins that blow up Russian tanks to the F-16s Ukrainian aces may soon be flying. As his invasion of Ukraine got bogged down last year, Vladimir Putin, Russia’s president, reached for a weapon few imagined he would dare to wield: the throttling of deliveries from Russia’s vast gas fields to its …

Global gas supply to remain tight in 2023 amid lower Russia deliveries to Europe
1 year, 7 months ago

Global gas supply to remain tight in 2023 amid lower Russia deliveries to Europe

Live Mint  

Global gas supply is set to remain tight in 2023 and the global balance is subject to a wide range of uncertainties. After strong growth in 2022, gas demand in North America is expected to decline by 2 per cent as a result of lower gas use for space heating, power generation and industry. LNG supply not enough to offset …

‘We don’t and won't': Russia's unequivocal message to West on oil price cap
1 year, 9 months ago

‘We don’t and won't': Russia's unequivocal message to West on oil price cap

Hindustan Times  

The Kremlin said on Tuesday that it did not recognise the price cap introduced by Western countries on its oil exports, after the United States said that the cap was "working well". Washington was one of the key architects of the Western price cap on Russian oil, which aims to drive down Moscow's revenues used to fund its invasion of …

German energy boss warns: Don’t let guard down on gas supply
1 year, 10 months ago

German energy boss warns: Don’t let guard down on gas supply

Associated Press  

BONN, Germany — The temperature outside Klaus Mueller’s office almost resembles spring, exactly the kind of mild weather that helped Germany get through the winter without Russian natural gas. Mueller would only concede that he’s “optimistic” this winter will end without a further gas crunch, especially after Germany cut gas use by 14% in 2022 through lowering thermostats, switching to …

Moscow’s decades-old gas ties with Europe lie in ruins
1 year, 10 months ago

Moscow’s decades-old gas ties with Europe lie in ruins

Live Mint  

Meticulously crafted over decades as a major revenue stream for the Kremlin, Moscow's gas trade with Europe is unlikely to recover from the ravages of military conflict. After President Vladimir Putin's "special military operation" in Ukraine began almost a year ago, a combination of Western sanctions and Russia's decision to cut supplies to Europe drastically reduced the country's energy exports. …

Europe bans Russian diesel, other oil products over Ukraine
1 year, 10 months ago

Europe bans Russian diesel, other oil products over Ukraine

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

German regulator: winter gas shortage increasingly unlikely
1 year, 11 months ago

German regulator: winter gas shortage increasingly unlikely

Associated Press  

BERLIN — Germany’s network regulator said Thursday that a gas shortage is “increasingly unlikely” this winter, but cautioned that it remains important to use the fuel sparingly. The Federal Network Agency said in its daily report that it views the situation as “less tight than at the beginning of the winter.” It had described the situation as “tight” since Russia …

Europe needs clear-eyed view of US moves
1 year, 11 months ago

Europe needs clear-eyed view of US moves

China Daily  

A vehicle passes the building of the European Commission in Brussels, Belgium, Oct 18, 2022. The natural gas price in Europe once hit nearly €350 per megawatt-hour since the Russia-Ukraine conflict broke out. European energy ministers agreed on Dec 19 to impose a price cap if prices in the European Union's main trading centers remained above €180 per megawatt-hour for …

Ukraine war: Vladimir Putin has been weaponising energy for years. Here’s what to look for next
2 years ago

Ukraine war: Vladimir Putin has been weaponising energy for years. Here’s what to look for next

Firstpost  

Russia shifted its strategy to attrition, specifically targeting energy infrastructure, after failing to force a quick, decisive victory against Ukraine Not since the 1970s oil crisis has the West seen such a focus on energy security. Vladimir Putin’s regime had been using selective gas supply cuts as a pressure tool against Ukraine since at least the winter of 2005-06, when …

Which European nations are handling the energy crisis best?
2 years ago

Which European nations are handling the energy crisis best?

Al Jazeera  

France, Spain, Germany, Italy and Greece are doing some things right, but face challenging times ahead, say experts. An uneven risk Russia accounted for nearly half of Europe’s total natural gas imports in 2021, but some countries were always going to be more vulnerable than others. Challenges ahead Germany recently announced a new 200 billion euro package to deal with …

Putin says Russia will fight sanctions with shift in trade and energy flows
2 years ago

Putin says Russia will fight sanctions with shift in trade and energy flows

The Hindu  

President Vladimir Putin said on Thursday that Russia would expand trade cooperation with new partners, including by switching gas flows to eastern neighbours, in order to combat Western sanctions. Mr. Putin said in a televised speech that Russia would develop its economic relations with partners in Asia, Africa and Latin America to thwart Western efforts to isolate it economically. Mr. …

EU ministers fail again on gas price cap to contain costs
2 years ago

EU ministers fail again on gas price cap to contain costs

Associated Press  

BRUSSELS — European Union energy ministers failed yet again to overcome their deep differences Tuesday on a natural gas price cap that many hope would make utility bills cheaper so people can stay a little warmer during harsh winter days — if not this year, then later. One side is demanding a cap to push down gas prices for households …

Russian oil price cap, EU ban aim to limit Kremlin war chest
2 years ago

Russian oil price cap, EU ban aim to limit Kremlin war chest

Associated Press  

FRANKFURT, Germany — Major Western measures to limit Russia’s oil profits over the war in Ukraine took effect Monday, bringing with them uncertainty about how much crude could be lost to the world and whether they will unleash the hoped-for hit to a Russian economy that has held up better than many expected under sanctions. “And that depends not only …

Russian oil price cap, EU ban aim to limit Kremlin war chest
2 years ago

Russian oil price cap, EU ban aim to limit Kremlin war chest

Associated Press  

FRANKFURT, Germany — Major Western measures to limit Russia’s oil profits over the war in Ukraine took effect Monday, bringing with them uncertainty about how much crude could be lost to the world and whether they will unleash the hoped-for hit to a Russian economy that has held up better than many expected under sanctions. “And that depends not only …

What to know about the West's new efforts to slash Russia's oil revenue
2 years ago

What to know about the West's new efforts to slash Russia's oil revenue

NPR  

What to know about the West's new efforts to slash Russia's oil revenue Enlarge this image toggle caption AP AP The United States and its allies have delivered a double blow to Russia aimed at starving its oil revenues. Also, the U.S., other members of the Group of Seven leading economies, the EU and Australia are imposing a $60 price …

EU to cap Russian oil at $60 a barrel
2 years ago

EU to cap Russian oil at $60 a barrel

The Telegraph  

The EU is planning to roll out a price cap on Russian oil of $60 a barrel in an effort to curb Putin’s energy revenues. EU countries and the G7 have been locked in discussions for months over a potential price cap, which is designed to target the Kremlin’s vast income from energy. The G7 last week proposed a cap …

Europe's import of Russian gas jumps 42% amid Russia-Ukraine war: Report
2 years ago

Europe's import of Russian gas jumps 42% amid Russia-Ukraine war: Report

Hindustan Times  

The European Union witnessed a 42 percent increase in the imports of Russian Liquefied Natural Gas between January-October, compared to the same period last year, Financial Times reported. The report said that EU has imported 62.1 billion cubic meters of natural gas this year compared to 17.8 billion cubic meters last year. This comes as Lithuanian Foreign Minister Gabrielius Landsbergis …

EU nations fail to close rift on gas prices as cold sets in
2 years, 1 month ago

EU nations fail to close rift on gas prices as cold sets in

Associated Press  

BRUSSELS — On winter’s doorstep, European Union nations again failed to bridge bitter disagreements over a natural gas price cap Thursday as they struggle to effectively shield 450 million citizens from massive increases in their utility bills. “The discussion was quite heated, and you all know that there are very divergent views,” said Czech Industry Minister Jozef Síkela, who chaired …

Russia’s Gazprom threatens Europe gas cuts through Ukraine
2 years, 1 month ago

Russia’s Gazprom threatens Europe gas cuts through Ukraine

Associated Press  

Russian energy giant Gazprom has threatened to reduce natural gas supplies through the last pipeline heading to Europe via Ukraine, saying the amount it’s supplying for Moldova is not ending up in the former Soviet republic. The energy crisis has hit Moldova especially hard, with Russia halving its natural gas supply and Moscow’s attacks on Ukraine’s energy infrastructure triggering massive …

Gas crunch eases in Europe — but the respite might not last
2 years, 1 month ago

Gas crunch eases in Europe — but the respite might not last

Associated Press  

FRANKFURT, Germany — Natural gas and electricity prices in Europe have plunged from summer peaks thanks to mild weather and a monthslong scramble to fill gas storage ahead of winter and replace Russian supplies during the war in Ukraine. The good news is natural gas prices on Europe’s TTF benchmark fell on Monday below 100 euros per megawatt-hour for the …

EU ministers delay for a month decision on more energy unity
2 years, 1 month ago

EU ministers delay for a month decision on more energy unity

Associated Press  

BRUSSELS — European Union nations on Tuesday gave themselves yet another month to overcome deep differences on groundbreaking measures to shield their citizens from the energy crisis. But because fluctuating global energy markets and different energy mixes among member states — ranging from nuclear to natural gas and other fossil fuels — make smart, lightning-quick decisions wickedly difficult, “many countries, …

Ukraine War Fallout: Is Energy Crisis Imminent in Europe? - News18
2 years, 2 months ago

Ukraine War Fallout: Is Energy Crisis Imminent in Europe? - News18

News 18  

The Russia-Ukraine conflict, euphemistically called a “special military operation” by Russia when it launched the offensive, more than seven months ago was not expected to last more than a few days or weeks. Despite alarm bells from a January 2009 crisis that led to the disruption of Russian gas transiting through Ukraine for two weeks, and Russia’s annexation of Crimea …

‘No waiting': Turkey, Russia to act on Putin’s gas hub offer
2 years, 2 months ago

‘No waiting': Turkey, Russia to act on Putin’s gas hub offer

Associated Press  

ANKARA, Turkey — Turkish President Recep Tayyip Erdogan said Friday that Turkey and Russia have instructed their respective energy authorities to immediately begin technical work on a Russian proposal that would turn Turkey into a gas hub for Europe. Erdogan said Russian and Turkish energy authorities would work together to designate the best location for a gas distribution center, adding …

Putin tempts Turkey, suggests making it Europe’s new gas hub
2 years, 2 months ago

Putin tempts Turkey, suggests making it Europe’s new gas hub

Associated Press  

ANKARA, Turkey — Russian President Vladimir Putin on Thursday doubled down on his proposal to turn Turkey into a gas hub for Europe after deliveries to Germany through the Baltic Sea’s Nord Stream pipeline were halted. It’s the second unlikely energy proposal that Putin has pitched in as many days, with European leaders calling Russia’s cuts in natural gas a …

Putin tells Erdogan Russia could create 'gas hub' in Turkey
2 years, 2 months ago

Putin tells Erdogan Russia could create 'gas hub' in Turkey

The Hindu  

Russian President Vladimir Putin on Thursday told his Turkish counterpart Recep Tayyip Erdogan that Moscow would consider developing a "gas hub" in Turkey, with Russia's supplies to Europe disrupted by Ukraine-related sanctions and leaks at key pipelines. We could consider the possibility of creating a gas hub in Turkey for supplies to other countries," the Russian leader told Erdogan at …

‘They can just open the tap’: Putin says Russia can resume gas supplies via Nord Stream 2
2 years, 2 months ago

‘They can just open the tap’: Putin says Russia can resume gas supplies via Nord Stream 2

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Russian President Vladimir Putin has …

Putin courts Erdogan to pump more Russian gas through Turkey
2 years, 2 months ago

Putin courts Erdogan to pump more Russian gas through Turkey

Al Jazeera  

Russian president says Turkey offers the best route to redirect gas to the EU after Nord Stream pipeline damage. At a meeting in Kazakhstan on Thursday, Putin said Turkey offered the most reliable route to deliver gas to the European Union and the proposed hub would allow prices to be set independent of politics. Peskov said the TurkStream gas pipeline …

Putin says Russia could increase gas supplies to Europe
2 years, 2 months ago

Putin says Russia could increase gas supplies to Europe

Associated Press  

MOSCOW — Russian President Vladimir Putin said Wednesday that Moscow is ready to resume gas supplies to Europe via a link of the Germany-bound Nord Stream 2 pipeline under the Baltic Sea — an offer quickly rejected by Berlin. As for Putin’s comments, she said: “Nice try.” Asked if she would rule out the use of Nord Stream 2, Hoffmann …

Putin offers to boost gas supplies to Europe via Nord Stream 2
2 years, 2 months ago

Putin offers to boost gas supplies to Europe via Nord Stream 2

Al Jazeera  

Russian leader says mothballed pipeline can ferry energy exports west if it is proven safe following a spate of recent explosions. Russian President Vladimir Putin has said Moscow is ready to resume gas supplies to the European Union via a link of the Germany-bound Nord Stream 2 pipeline under the Baltic Sea – an offer quickly rejected by Berlin. The …

Russia ready to resume gas supplies to Europe: Vladimir Putin
2 years, 2 months ago

Russia ready to resume gas supplies to Europe: Vladimir Putin

India TV News  

Russia on Wednesday said it is ready to supply gas to the European nations via a link of The Nord Stream 2 pipeline. Russian President Vladimir Putin, who was present at an energy forum in Moscow, accused the U.S. of being the one behind the tampering with the Nord Stream pipeline. “The act of sabotage of the Nord Stream 1 …

Russia's threat to cut off the EU's energy supplies sees Europe scrambling for Africa's gas
2 years, 2 months ago

Russia's threat to cut off the EU's energy supplies sees Europe scrambling for Africa's gas

ABC  

A new liquefied natural gas project off Africa's west coast may only be 80 per cent complete, but already the prospect of a new energy supplier has drawn visits from the leaders of Poland and Germany. Key points: Europe is turning to resource-rich African countries as it looks to lessen its dependence on Russian gas African leaders across the continent …

European Union leaders struggle to bridge gas price cap divide
2 years, 2 months ago

European Union leaders struggle to bridge gas price cap divide

The Hindu  

European Union leaders converged on Prague Castle, on October 7, to try to bridge significant differences over a natural gas price cap as winter approaches and Russia's war on Ukraine fuels a major energy crisis. A group of 15 member countries has urged the EU's executive branch, the European Commission, to propose a cap on gas prices as soon as …

EU agrees on price cap for Russian oil over Ukraine war
2 years, 2 months ago

EU agrees on price cap for Russian oil over Ukraine war

Associated Press  

BRUSSELS — European Union countries agreed Wednesday to impose a price cap on Russian oil and other new sanctions after Moscow illegally annexed four regions in Ukraine amid its monthslong war, EU officials said. The 27-nation bloc will impose a ban on transporting Russian oil by sea to other countries above the price cap, which the Group of Seven wealthy …

EU chief: New Greece-Bulgaria gas pipeline ‘means freedom’
2 years, 2 months ago

EU chief: New Greece-Bulgaria gas pipeline ‘means freedom’

Associated Press  

SOFIA, Bulgaria — Bulgaria opened a natural gas link with Greece at a ceremony Saturday attended by the leader of the European Union’s executive arm, who emphasized the bloc’s determination to stop relying on Russian energy imports. Speaking at a ceremony in Sofia, European Commission President Ursula von der Leyen hailed the pipeline as an important contribution to limiting opportunities …

EU adopts levy on excess energy profits, no gas price cap
2 years, 2 months ago

EU adopts levy on excess energy profits, no gas price cap

Associated Press  

BRUSSELS — European Union energy ministers on Friday adopted a package of measures to ease an energy crisis, including a levy on windfall profits of fossil fuel companies, but an agreement on capping natural gas prices that is supported by a majority of countries remained off the table. With energy prices skyrocketing across Europe since Russia invaded Ukraine, the 27 …

Putin accuses the West of sabotaging Baltic Sea pipelines
2 years, 2 months ago

Putin accuses the West of sabotaging Baltic Sea pipelines

Hindustan Times  

Russian President Vladimir Putin on Friday accused the West of organising blasts that resulted in multiple gas leaks on the Nord Stream gas pipelines from Russia to Europe. Russian President Vladimir Putin gestures during a ceremony to sign the treaties for four regions of Ukraine to join Russia, at the Kremlin in Moscow, Russia, Friday, Sept. 30, 2022. "By organising …

Why Putin would want to blow up Nord Stream 2, and the advantages it gives him
2 years, 2 months ago

Why Putin would want to blow up Nord Stream 2, and the advantages it gives him

The Telegraph  

Why, though, might Moscow have chosen to strike at this moment, if it is indeed revealed to be behind the attack? A new gas pipeline between Norway and Poland was inaugurated on Tuesday, very close to the Nord Stream 2 pipeline, as news of the suspected sabotage emerged. The new Baltic Pipe is part of wider moves across Europe to …

The war in Ukraine has reshaped the world’s fuel markets
2 years, 3 months ago

The war in Ukraine has reshaped the world’s fuel markets

The Economist  

Briefing | Docks, stocks and many floating barrels The war in Ukraine has reshaped the world’s fuel markets The Gulf will be a big winner I n 2017 Qatar lifted a 12-year ban on developing the world’s biggest natural-gas field, most of which lies under the waters of the Persian Gulf. The pivot to Asia Russia, seaborne crude-oil exports, barrels …

Watch | How is Russia choking Europe’s energy needs?
2 years, 3 months ago

Watch | How is Russia choking Europe’s energy needs?

The Hindu  

An energy crisis is brewing in Europe. A major reason behind this is Russia shutting the Nord Stream 1 pipeline – a cheap natural gas supply that Europe depended on for years. Nord Stream is an export gas pipeline which runs under the Baltic Sea, carrying gas from Russia to Europe It bypasses transit countries, making it highly reliable for …

EU nations struggle to find joint approach on energy prices
2 years, 3 months ago

EU nations struggle to find joint approach on energy prices

Associated Press  

BRUSSELS — European Union nations struggled to find full consensus Friday on ways to shield the population from dramatically increasing energy prices that threaten to plunge millions into cold and poverty over the winter as Russia chokes off natural gas supplies. While EU members are most interested in lowering prices and getting enough gas, “the commission aimed at limiting Russia’s …

EXPLAINER: Europe struggles to cope with Russia gas shutoffs
2 years, 3 months ago

EXPLAINER: Europe struggles to cope with Russia gas shutoffs

Associated Press  

FRANKFURT, Germany — Europe is facing an energy crisis that is squeezing ordinary people’s finances and in just a few weeks could mushroom into rolling blackouts and factory shutdowns. Here is the latest on Europe’s efforts to avoid a total energy disaster: DID RUSSIA CUT OFF GAS TO EUROPE? There’s still some Russian gas flowing to Europe through a pipeline …

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