The EU might cut off Russian gas supplies a year earlier than expected. The European Parliament is exploring proposals to accelerate the EU’s phase-out of Russian gas by one year, aiming for January 2027. EU countries and their lawmakers are preparing to negotiate an EU p... #Energy #EUandRUssia #RussianEnergy
Western oil and gas companies generated record profits due to the Russian war in Ukraine. The five largest Western oil and gas companies, including Shell, BP, Chevron, ExxonMobil, and TotalEnergies, have made more than $281B in profits since the beginning of Russia’s full-scale invasion of... #Chevron #EuropeanOilCompanies #ExxonMobil #RussianEnergy #SanctionsAgainstRussia #Shell
Oil refining in the Russian Federation has fallen to an almost six-month low, but sanctions are not the reason. Oil refining in the Russian Federation has continued to fall over the past week as the aggressor country’s refineries grapple with the aftermath of Ukrainian drone attacks. Refinery production f... #OilProduction #refiningindustry #RussianEnergy #RussianOil #RussiaOilRefineryDamages
Russia’s revenue from energy exports in the first 100 days of the war amounted to €93B. According to a study by CREA, the EU remains the largest buyer of Russian gas and oil, 61% of Russia’s fossil fuel exports, amounting to €57B. Among individual countries, the largest importer wa... #RussianAgression #RussianEnergy #RussianEnergyExport
Russia is “weaponizing energy” amid the war in Ukraine. Russia’s invasion of Ukraine and the ensuing sanctions from the West have sent oil prices skyrocketing, lifting gasoline and diesel prices in the US to unprecedented levels, reported CNN. Natural gas... #EnergyAsWeapon #JenniferGranholm #RussianAgression #RussianEnergy
It will cost the EU €195B to become independent from Russian energy, reported Spiegel.de. Brussels is expected to present a plan to provide the possibility to the EU to become energy-free from Russia as soon as the middle of next week. To this end, the commission wants... #EUEnergyindependence #OilSupplies #RussianAgression #RussianEnergy
Russia’s revenues from energy sales to EU countries almost doubled. Since the beginning of the full-scale invasion of Ukraine, Russia’s revenues from the sale of fossil fuels to EU countries have almost doubled, reported the Finnish Center for Energy and Clean ... #RussianAgression #RussianEnergy #RussianOil #RussiaProfits
EU Parliament members appeal to Scholz over the Russian energy embargo. EU Parliament members appeal to Scholz over the Russian energy embargo. #EnergyEmbargo #EUparliament #OlafScholz #RussianEnergy
