The EU will soon present its plan to phase out Russian oil and gas imports. The EU intends to unveil a detailed strategy in May for the elimination of Russian oil and gas imports by 2027, driven by Russia’s full-scale invasion of Ukraine. However, the European Commission has ... #AnnaKaisaItkonen #EnergyIndependence #EUenergy #LNG #RussianEnergyResources #RussianGas
European gas prices have fallen to their lowest level in six months; Ukraine is advised to stock up for the upcoming winter. At the end of last week, futures prices for natural gas in Europe dropped sharply by over 10% to €35.2 per MWh, according to the ICE exchange. These are the lowest European gas prices in the past six ... #China #DutyTariff #GasImport #gasprices #LNG
Naftogaz has secured external financing for gas purchases, and private energy traders are also participating in the importation. Naftogaz Group will receive funding from Norway through the EBRD for gas procurement. This financing is part of a broader assistance package designed to bolster Ukraine’s energy security. In tot... #DTEK #ebrd #energyukraine #GasImport #LNG #Naftogaz #Norway
Ukraine wants to become a hub for US LNG in Europe. Ukraine plans to become a hub for supplying American liquefied natural gas (LNG) to the EU countries and is ready to conclude relevant contracts, said President Zelenskyy. According to him, a Ukrainia... #AmericanLNG #GasstorageUkraine #GasTransit #LNG #UkraineGTS #Zelenskyy
Ukraine has offered its gas storage facilities for American resources to bolster Europe’s energy security. Together with his British counterpart David Lammy, Foreign Minister Andriy Sybiha stated that Ukraine can provide its underground gas storage facilities to store American gas, which will help enhance ... #AndriiSybiha #DavidLammy #EnergyIndependence #GasstorageUkraine #LNG #UkraineGTS
Russian LNG, aluminum, and the shadow fleet: What is the new EU sanctions package targeting? The 16th package of EU sanctions targeting Russia will not include a general ban on the import of Russian LNG. Instead, LNG supplies to terminals not connected to the EU’s common gas distributio... #Belarus #LNG #RussianAluminum #Sanctions #SanctionsAgainstRussia #ShadowFleetRussia #SWIFT
The EC is developing a plan to completely stop Russian gas imports; Trump offers an alternative. The European Commission is working on a plan to remove all Russian fossil fuels from the EU market, EC spokeswoman Anna-Kaisa Itkonen said in Brussels on January 20. She added that the EU has cut all ... #AnnaKaisaItkonen #DonaldTrump #EnergyIndependence #HydroCarbonProduction #LNG #USoil
How does the end of Russian gas transit through Ukraine affect the European market? European natural gas prices rose for the third week as the market grapples with dwindling inventories and supply constraints after the loss of Russian gas flows through Ukraine on January 1, 2025. ... #EnergyIndependence #EuropeanGasMarket #GasTransit #LNG #RussianGas
Trump is preparing a sweeping plan to strengthen the US’ role in the global hydrocarbon market. Donald Trump’s transition team is preparing a package of large-scale energy measures that will be presented within days of his inauguration. The package will include approving export permits for... #DonaldTrump #HydroCarbonProduction #JoeBiden #LNG #USenergy #USoilproduction
After the inauguration, Trump may move to eliminate Russian oil and gas industry earnings. The Russian Federation still makes a great deal of profit from oil and gas supply to EU countries, but this may change after Donald Trump takes office as the US president. Trump is anticipated to prov... #DonaldTrump #GasProduction #LNG #Oilmining #RussianEconomy #RussianLNG #USeconomy
The EU suggests avoiding a trade war with the US by reducing dependence on Russian gas. The EU wants to increase imports of liquefied natural gas from the US to reduce dependence on Russian gas and convince the next US president, Donald Trump, not to impose tariffs on European goods. EU ... #Brussels #DonaldTrump #foreignTrade #LNG #Washington
The EU increased its imports of liquefied gas from the Russian Federation by 7%. Supplies of Russian liquefied natural gas to Europe in the first half of the year increased by 7% compared to last year, with France increasing its imports the most. French companies imported almost 4... #Belgium #France #LNG #LNGimport #RussianLNG #Spain #TotalEnergies
Europe continues to import Russian LNG; some countries have started buying more. Europe has struggled to eliminate its dependence on Russian liquefied natural gas. In July, the Russian Federation almost became the region’s largest supplier after a reduction in supplies from ... #Gazprom #LNG #RussianLNG
Europe will increase pressure on the Russian shadow fleet, but Moscow is preparing for restrictions on LNG. 44 European countries have agreed on the introduction of measures against the Russian Federation’s so-called shadow fleet, which is used to circumvent international restrictions. The joint ̶... #LNG #OilTankers #RussianLNG #SanctionsAgainstRussia #ShadowFleetRussia
The world’s energy consumption from all sources is increasing. The Energy Institute (EI) has released its annual World Energy Statistical Review, which for the first time presents comprehensive global energy data for 2023. The analysis showed that: Total primary ... #ElectricityConsumption #FossilFuels #GreenENergy #LNG #Naturalgas
Germany and the Czech Republic have led the energy revolution in the EU and want to eliminate the remaining 20% of imports from Russia. Germany and the Czech Republic are calling on the EU to do more to cut the last 20% of Russian energy imports. The countries are asking for the creation of a working group to determine ways to gradual... #CzechRepublic #EnergyIndependence #EnergySourcesRussia #EUenergy #Germany #LNG #RussianGas
The EU will introduce sanctions against Russia’s LNG, hitting Moscow and its Asian partners. In the next package of sanctions against Russia, the EU seeks to ban the use of its ports for the re-export of liquefied natural gas. As Bloomberg points out, although blocking access will not prevent... #EUsanctions #LNG #RussianGas #RussianLNG #SanctionsAgainstRussia
The EU has prepared the 14th sanctions package on the Russian Federation, and LNG trade and the fight to close loopholes are under the spotlight. The European Commission sent the bloc’s countries a draft of the 14th package of sanctions to be levied against the Russian Federation, which targets the trade of liquefied gas. The concept is to ban ... #BanRussianGas #circumventionOfSanctions #LNG #SanctionsAgainstRussia #ShadowFleetRussia
Europe has ended its dependence on Russian gas but is now hooked on Russian fertilizers. After the invasion of Ukraine, the Russian Federation sharply reduced the supply of pipeline gas to the EU, in an attempt to put pressure on European governments. Instead, the EU began to build infras... #EnergyIndependence #EUenergy #LNG #RussianFertilizers #RussianGas #RussianTrade
Is the White House ready to make gas concessions to help Ukraine? Reuters sources in the White House said that US officials are ready to end the pause announced by President Biden on the approval of liquefied natural gas exports to get the aid package for Ukraine ap... #JoeBiden #LNG #MikeJohnson #USaidforUkraine #UScongress #WhiteHouse
The US is introducing new anti-Russian sanctions and cutting off gas supplies from the new Russian project; Switzerland joins the 12th package. Joe Biden signed a decree providing for economic measures against foreign financial institutions involved in supplying sanctioned military goods to Russia. Banks, pension funds, operators of payment s... #ArcticLNG2 #JoeBiden #LNG #Novatek #RussianGas #SanctionsAgainstRussia
War has changed the energy landscape: Global trade in liquefied natural gas will grow by another 25% in five years. LNG trade has already set a record in 2022 but is expected to grow by another 25% in five years to 500 million tons annually, according to the International Energy Forum (IEF). China has overtaken Jap... #Energy #GasExport #GasTraders #LNG #LNGdeliveries
The EU is seeking to sever energy ties with Russia permanently. The EU will eliminate Europe’s dependence on Russian fossil fuels during this decade, writes The Guardian. It is noted that the EU expects Russian gas imports to fall to 40-45 billion cubic mete... #EnergyIndependence #energysanctions #LNG #RussianFossilFuels #RussianGas
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, w... #AdriaPipeline #EnergyCrisis #KazakhstanOil #LNG #QatarEnergy #qatarpetrolium
EU gas reserves have reached an absolute record, and pipeline supplies from Russia continue at maximum capacity. Gas volumes in the EU have risen to their highest level ever and continue to grow, according to data from Gas Infrastructure Europe. The current inventory level has reached 92.65%, 12% higher than the... #EUgassupply #GasStorageEU #LNG #RussianGas
European gas prices jumped to a two-week high on concerns about LNG supplies. Based on fears of shrinking LNG flows, natural gas futures jumped more than 8% to over €33 per MWh, their highest level in two weeks. These concerns outweighed the fact that gas reserves in storage ar... #EUgasPrices #EUgasStorages #gasprices #LNG
Imports of liquefied natural gas into the EU fell to the lowest since autumn 2021. According to Bloomberg, Europe’s liquefied natural gas imports slumped to their lowest level since Russia invaded Ukraine after a price drop reduced the region’s appeal, reported Bloomberg... #GasImport #LNG #LNGforEU
For the first time, Europe imported more liquefied natural gas than pipeline gas. According to Institute of Energy data, imports of liquefied natural gas to Europe in 2022 exceeded the volume of pipeline imports for the first time. This suggests that the continent is rapidly rebuil... #GasImport #LNG #LNGimport #RussianGas
Europe more than doubled its purchase of liquefied gas from the US. Last year, the export of American liquefied natural gas to Europe increased to 117.4 million cubic meters, almost 2.5 times more than the previous year (47.8 million cubic meters). As noted by the Whi... #LNG #LNGimport #USoilexports
Ukraine can import gas from foreign LNG terminals. It is now possible to import gas to Ukraine from LNG terminals in Greece, Croatia, Poland, and Lithuania, said General Director of GTS Ukraine Operator LLC Serhiy Makogon. He notes that the OGTSU dou... #LNG #LNGforUkraine #LNGgreece #LNGlithuania #LNGpoland #SerhiyMakogon
