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Energy

Energy Secretary Granholm Violated Hatch Act, Special Counsel Rules

June 29, 2022 Dime

In a late 2021 interview, Energy Secretary Jennifer Granholm was found to have broken the Hatch Act, according to the US Office of Special Counsel (OSC), Fox News informed. According to a response letter submitted […]

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Energy

G7 Agrees to Explore Cap on Russian Oil Price

June 28, 2022 Dime

The Group of Seven economic powers agreed to a broad agreement to seek ways to impose a price cap on Russian oil.  The advanced economy nations agreed to explore imposing a ban on transporting Russian […]

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russian oil
Energy

Looming Energy Crisis in Europe

June 24, 2022 Dime

Tensions between Europe and Russia over energy continue to mount.  European nations are now rapidly pumping natural gas into storage chambers in hopes that it will help moderate skyrocketing prices, and that it will also […]

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Energy

Germany Triggers Gas Alarm Stage, Accuses Russia of ‘Economic Attack’

June 23, 2022 Dime

Germany triggered the “alarm stage” of its emergency gas plan today in response to falling Russian supplies.  But Germany stopped short of allowing utility companies to pass on the soaring energy costs to customers.  Germany’s […]

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Energy

Russia Becomes China’s Biggest Oil Supplier After Increased Imports

June 20, 2022 Elizabeta Bozinovska

After Moscow slashed oil prices due to Western sanctions imposed on the country over the war in Ukraine, Russia has become China’s largest oil supplier, displacing Saudi Arabia. The unprecedented sanctions the West has adopted […]

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Energy

Energy Transactions with Sanctioned Russian Banks Allowed by the US

June 15, 2022 Elizabeta Bozinovska

The US Treasury Department has extended on Tuesday the sanctions waiver allowing third-party purchases of Russian oil, natural gas, and other energy commodities until 5 December via transactions with Russian banks. According to the document […]

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Energy

Italy Might Consider Lukoil Refinery Nationalization

June 13, 2022 Elizabeta Bozinovska

A nationalization is among the several options for Lukoil’s Italian refinery based on the island of Sicily, Italy’s ecological transition minister Roberto Cingolani said on Saturday during an event organized by Il Foglio newspaper. Cingolani […]

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Energy

US Gas Exports Crippled by a Freeport LNG Plant Blast

June 9, 2022 Elizabeta Bozinovska

At least 20 percent of US LNG export capacity will be knocked out for at least three weeks after one of the largest US plants producing liquefied natural gas (LNG) for export has been damaged […]

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Energy

‘Gold Rush’ for Gas Production Threatens to Lock in Global Heating

June 8, 2022 Elizabeta Bozinovska

Countries around the world are pouring funding into new natural gas facilities in response to soaring energy prices and the Russian war in Ukraine, in a move that could destroy the chances of limiting global […]

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Energy

Naftogaz CEO Says Ukraine Looks to Import American LNG

June 7, 2022 Elizabeta Bozinovska

Ukraine wants to replace Russian natural pipeline gas supplies bought from European countries and Kyiv is already in discussions with the United States on purchasing and financing supplies of liquefied natural gas (LNG), Naftogaz CEO […]

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solar panels
Energy

Biden to Waive Solar Tariffs for 24 Months 

June 6, 2022 Elizabeta Bozinovska

President Joe Biden will declare a 24-month tariff exemption for solar panels from sour countries in Southeast Asia. The announcement today comes after an investigation froze imports and stalled solar projects in the United States.  It […]

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Energy

Oil Falls as Saudi Arabia Ready to Pump More

June 2, 2022 Elizabeta Bozinovska

If Russia’s output falls substantially under the new sanctions imposed by the European Union, Saudi Arabia is reportedly prepared to increase oil production in response to urging by the United States. As investors cashed in […]

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Energy

Despite Impending Embargo, Italy Increases Russian Oil Imports

June 1, 2022 Elizabeta Bozinovska

Although the European Union members have agreed to embargo Russian crude oil imports by 90% by the end of 2022, there’s however an unintended consequence of the sanctions against Moscow – in Italy. Though it […]

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russian oil
Energy

Russia Threatens to Cut Off Gas to Netherlands, Denmark

May 31, 2022 Elizabeta Bozinovska

Natural gas supplies have been cut off to the Netherlands from Russia today, and Denmark could soon be next, making the pair the latest European countries to have their natural gas supply from Russia cut […]

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Energy

EU Ban on Russian Crude Imports Extends Oil Bull Run

May 31, 2022 Elizabeta Bozinovska

After the European Union leaders agreed on Tuesday to ban almost 90% of Russia’s oil imports by the end of 2022, raising concerns about a tighter market due to higher demand expectations in the summer, […]

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Energy

EU Not Ready to Agree on Russian Oil Ban 

May 30, 2022 Elizabeta Bozinovska

What will the European Union’s stance against Russian oil be? This remains one of the top questions for the bloc as they continue to debate what to do about the Russian invasion of Ukraine and energy […]

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Energy

Italy Fears Russian Gas Halt Will Be Devastating for Its Economy

May 30, 2022 Elizabeta Bozinovska

Ahead of the bloc’s leaders’ meeting in Brussels on Monday, Italy expressed its fears that a cut in Russian gas supply could prove devastating for its economy at a time when division over the Russian […]

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Energy

G7 Fails to Fix Date on Its Pledges to Phase Out Coal Power

May 28, 2022 Elizabeta Bozinovska

G7 ministers representing the world’s richest democracies failed to set a date on Friday on its agreement to phase out coal-powered energy that resulted from its three days of talks in Berlin. The group members […]

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Energy

£10 Billion Energy Bill in Place to Help the UK Overcome Energy Prices

May 25, 2022 Maja Popovska

A £10 billion package is set to be announced by the United Kingdom’s government in hopes that it will ease the increasing energy prices. The funds are thought to be gathered partly by a windfall […]

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russian oil
Energy

Russian Energy Company Rosneft Sees Largest Production Drop

May 24, 2022 Dime

The Russian government-operated oil company, led by Chief Executive Officer Igor Sechin, has been affected disproportionately by production cuts caused by the Russian invasion of Ukraine. Rosneft PJSC, while being led by a close ally […]

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russian oil
Energy

Poland Ends Gas Deal with Russia

May 23, 2022 Dime

Reuters reports that on Monday, May 23rd Poland announced that it had ended its agreements with Russia to import their gas through the Yamal pipeline. Poland’s Climate Minister Anna Moskwa reported to the Polish news […]

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Energy

Prices Increase to Decommission UK Nuclear Power Plants

May 20, 2022 Dime

According to the public accounts committee, the cost to decommission UK’s nuclear power stations has reached €23.5 billion and will likely increase. Owned by EDF Energy, the 7 power stations provide the majority of nuclear […]

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Energy

Half of Gazprom’s Clients Complied with Ruble Payment Requirement

May 19, 2022 Maja Popovska

According to the Russian Deputy Prime Minister Alexander Novak, the Russian gas company Gazprom has had half of its 54 clients open accounts at the Russian Gazprombank. Reuters reports that for weeks companies in the […]

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solar panels
Energy

Solar Panels Set to Be Mandatory on All New Buildings Under EU Plan

May 19, 2022 Dime

Solar panels would become mandatory on all new buildings under a new EU proposal aimed at ending the continent’s reliance on Russian fossil fuels by 2027 and accelerating its green energy transition.  The European Commission […]

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rubles
Energy

Gas Companies Respond to Russia’s Demand for Payment in Rubles

May 17, 2022 Dime

The European Commission finally offered clarity on how countries and companies should proceed in buying Russian gas, Reuters reports. At the end of March, Moscow started requiring that foreign buyers start purchasing Russian gas in […]

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Energy

Study Says to Shut Down Fossil Fuel Production Sites Early to Avoid Climate Chaos

May 17, 2022 Dime

Nearly half of the existing fossil fuel production facilities will need to close prematurely in order to limit global warming to 1.5 degrees celsius, which is the internationally agreed goal necessary to avoid absolute climate […]

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Energy

To Lower Coal Emissions the UK Plans to Label Gas as Green

May 16, 2022 Dime

Bloomberg reports that the UK is planning to make changes in its green investment rulebook, which will be published later this year, by allowing some natural gas projects to be recognized as sustainable. In the […]

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Italian energy company may purchase Russian gas in roubles
Energy

Italian Energy Company May Pay in Rubles for Russian Gas

May 14, 2022 Maja Popovska

Italian oil and gas company (Eni) will be opening an account in rubles next week to purchase gas from Russia, as reported by Reuters unless it was told that this would be breaking sanctions. The […]

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Energy

Poland and Germany Work Together to End Russian Oil Dependence

May 13, 2022 Maja Popovska

Poland’s Climate Minister, Anna Moskwa, announced Thursday that they will only provide assistance in utilizing alternatives to Russian oil to Germany if it ends the Russian ownership of the PCK Schwedt refinery, Reuters reports. The […]

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gas exports
Energy

Gas Exports Interrupted After Kyiv Shuts Down a Major Route

May 12, 2022 Maja Popovska

A quarter of Russian gas flow to Europe was cut on Wednesday, Reuters reports. The pipeline traveling through Ukraine was disrupted as Kyiv had to stop the use of an important route, preventing gas exports […]

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