Trump’s trade war: European companies urged to increase purchases of US liquefied natural gas as China boosts its imports from Russia. The EU will release a roadmap on May 6 to phase out its purchases of Russian fossil fuels and continue to decrease Russian imports, according to European Council President Antonio Costa. “This c... #AmericanLNG #AntonioCosta #China #DutyTariff #RussianLNG #TradeWar
The EU has delayed the implementation of a ban on Russian LNG imports in future sanctions packages. This decision is influenced by resistance from some EU member governments and uncertainty regarding alternative supply sources. Instead, the European Commission plans to create a new roadmap by May th... #AmericanLNG #CzechRepublic #DutyTariff #EnergyIndependence #RussianLNG #TALpipeline
Belgium views the idea of resuming energy cooperation with Russia as unrealistic. Any efforts to return to this trade relationship are unfounded, said Belgian Energy Minister Mathieu Bihet, commenting on the increasing calls in Europe to restart energy imports from Russia amid dipl... #Belgium #EnergyIndependence #MathieuBihet #RussianEnergyResources #RussianLNG
Germany has rejected the notion of returning to Russian gas purchases from Russia utilizing Nord Stream. The country does not intend to abandon Russian sanctions and, specifically, will not revert to direct Russian gas purchases, stated Christiane Hoffmann, deputy spokesperson for the federal government.... #ChristianeHoffmann #EnergyIndependence #Germany #NordStream #RussianGas #RussianLNG
France and the EU continue to help Russia finance its war against Ukraine through gas and fertilizer purchases. According to an analysis by Friends of the Earth, while total Russian gas imports to the EU have decreased since 2021, imports of LNG and nitrogen fertilizers are on the rise. From 2021 to 2022, Russi... #France #RussianFertilizers #RussianGas #RussianLNG #RussiaProfits #SanctionsAgainstRussia
The EC may delay its plan to phase out Russian LNG. The European Commission is likely to postpone the planned publication date of a roadmap for phasing out the last types of Russian fuel imports, including liquefied natural gas, Bloomberg reports. The ... #AndrzejDuda #GasTransit #NordStream #RussianGas #RussianLNG
New EU sanctions against Russia: Which sectors will be hit? The EU may include a ban on aluminum imports in the 16th package of Russian sanctions, which will be adopted in February. The ban will be implemented in stages. The US and Britain have already banned ... #Rusalk #RussianAluminum #RussianLNG #SanctionsAgainstRussia #SWIFT
Europe struggles to rid itself of its dependence on Russian gas. The EU is gradually increasing the share of Russian gas in total gas imports. After the start of the full-scale Russian invasion of Ukraine, this share collapsed, but over the past year, it has grown ... #EnergyIndependence #EUenergy #GasTransit #Hungary #NorwayGas #RussianGas #RussianLNG #Slovakia
The EU has paid Russia over €200B for oil and gas since the start of the full-scale war. Since the beginning of the Russian Federation’s full-scale invasion of Ukraine, Moscow’s income from the export of fossil fuels has reached almost €785B. Despite sanctions, the EU remains ... #France #GasExport #OilExports #RussianEnergyResources #RussianLNG #RussiaProfits
The EU is working to deploy new sanctions against the Russian shadow fleet by the end of the year; current restrictions affect less than 50% of Russian oil exports. According to Bloomberg, the sanctions package, which the EU plans to approve by the end of the year, will also include sanctions against those involved in this trade. Member states are still negotiati... #AgroRussia #RussianLNG #RussianOil #SanctionsAgainstRussia #ShadowFleetRussia
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 cannot eliminate its Russian dependence; purchases of metal products and LNG are increasing. The results of January-August 2024 show that the EU imported 3.9 million tons of metallurgical products of Russian origin. Analysts note that import costs reached €1.87B, and predict that by the end o... #MetallurgyRussia #Russiaexport #RussianEconomy #RussianLNG #RussiaProfits #SanctionsAgainstRussia
Experts have proposed a strategy to reduce Russian gas revenues. Since the start of the full-scale war, Russia has generated almost €800B from the sale of energy resources, of which €33B has been paid by EU countries for Russian LNG. The Center for Economic Strateg... #RussianGas #RussianLNG #RussiaProfits #SanctionsAgainstRussia #WTO
Russia’s oil revenue faces further decline as Saudi Arabia plans to increase its oil production while Europe focuses on sanctions against Russian LNG. Saudi Arabia is ready to abandon its unofficial price target of $100 per barrel of oil as it prepares to increase production and protect market share, writes the FT. From December, Saudi Arabia will i... #Belgium #GreatBritain #Netherlands #Oilmining #RussianLNG #RussianOil #SanctionsAgainstRussia #SaudiArabia
The European Parliament calls for an embargo on Russian LNG and sanctions against Gazprom. The European Parliament called on the EU to introduce a full embargo on Russian liquefied natural gas and sanctions against Gazprom and Russian oil companies. The MEPs advocate adding to the sanctions... #circumventionOfSanctions #Gazprom #Novatek #RussianLNG #SanctionsAgainstRussia #ShadowFleetRussia
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 EU has agreed on the 14th package of sanctions against the Russian Federation, targeting LNG and the shadow tanker fleet. The new measures include a ban on the transshipment of Russian liquefied natural gas and a plan to hold EU operators responsible for sanctions violations by their subsidiaries and partners in third co... #circumventionOfSanctions #RussianLNG #RussiaWarCrimes #SanctionsAgainstRussia #ShadowFleetRussia
The EU’s 14th package of Russian sanctions targets shadow tankers, exports of liquefied gas, and dozens of people who support the war. The EU will introduce restrictions on 20 individuals and 22 legal entities in the latest package of sanctions against Russia. The EU has already issued 13 sanctions packages on Russia following its fu... #Hungary #IndividualSanctions #RussianLNG #RussianOil #SanctionsAgainstRussia #ShadowFleetRussia
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
Western countries are involved in 96% of Russian LNG exports. The maritime industries from countries supporting Ukraine, including members of the G7 and the EU, provided for more than 90% of Russian exports of liquefied natural gas in 2023, totaling €15.5B. 96% ... #EnergyIndependence #energysanctions #LNGimport #OilEmbargo #RussianGas #RussianLNG
The G7 is going to tighten controls on the export of Russian hydrocarbons. The G7 countries are planning to strengthen their rules for limiting prices for importers of Russian oil starting February 20.Currently, carriers and insurance companies must provide a declaration con... #RussianGas #RussianLNG #RussianOilEmbargo #RussianOilPriceLimit
