The energy gap between Europe and Russia is growing. Qatar has signed its third gas supply contract with the EU, and Kazakhstan is negotiating a new oil route.

Tuesday, October 24, 2023
The energy gap between Europe and Russia is growing. Qatar has signed its third gas supply contract with the EU, and Kazakhstan is negotiating a new oil route.

After TotalEnergies and Shell agreed to buy LNG from Qatar, Italian energy company Eni agreed to a 27-year contract with QatarEnergy. The agreement is for one million tons of liquefied gas per year, with delivery to start in 2026. Gas will be delivered from the world’s largest northern gas field in the Persian Gulf, which Qatar shares with Iran, to the floating Italia LNG terminal in Piombino (Tuscany) port.

Meanwhile, as reported by the Ministry of Foreign Affairs of Kazakhstan, the country will start negotiations with the Croatian government to increase the export of Kazakh oil through the Adria oil pipeline. Currently, 70% of Kazakh oil exports go to the EU. Kazakhstan is ready to expand its exports and contribute to mitigating the global energy crisis.

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