Energy

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 […]

Follow

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 […]

Follow

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 […]

Follow

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 […]

Follow

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, […]

Follow

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 […]

Follow

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 […]

Follow

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 […]

Follow

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 […]

Follow

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 […]

Follow

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 […]

Follow

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 […]

Follow

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 […]

Follow

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 […]

Follow

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 […]

Follow

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 […]

Follow

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 […]

Follow

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 […]

Follow

Ukraine and Russia are clashing over natural gas that is sent through pipelines to Europe, disrupting supplies for the first time since the invasion.  Russian gas flowing through one of two key entry points stopped […]

Follow

France plans to ramp up biomethane production from agricultural waste in an effort to reduce its reliance on natural gas from Russia, hoping to completely replace Russian fuel with biogas in less than 10 years. […]

Follow