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Chinese President Xi Jinping took his leave of Russian President Vladimir Putin from a two-day visit to Moscow with a smile on his face. But despite the important show of solidarity, Putin got little in concrete terms from the Chinese leader.
Iranian Oil Minister Javad Owji said at the weekend that crude oil and gas condensates would be sold to foreign customers on the Iran Energy Exchange (IRENEX). They would be available to domestic buyers at the same price during a particular period.
News reported last week about Uzbekistan preparing to accommodate Russian gas in its pipelines may not have been true, despite officials initially stating otherwise.
Deliveries had reportedly been expected to start March 1, but that deadline has come and gone.
Beijing is leaning toward buying additional Central Asian gas, despite reliability concerns.
After the twin price cap sanctions were imposed on Russian oil exports, Ukraine’s supporters cheered as the price of the key Urals blend collapsed. The trouble is, Russian refineries in Europe make the price of Urals increasingly irrelevant.
Production is falling as demand increases, forcing country to look to Russia for energy supplies.
The front-month contract at Europe’s premier TTF gas hub dipped below €50 per MWh ($567 per 1,000 cubic metres) on February 21 for the first time this year, amid easing fears of shortages, warm weather, ample LNG and lower industrial demand.
Gas reserves in Europe's underground storage facilities (UGS) have dropped to 69bn cubic metres and are 63.7% full as of February 22, Gas Infrastructure Europe (GIE) reports.
Perhaps the most painful and expensive exit of Western companies from Russia has been that of Wintershall, Germany’s largest gas company and a subsidiary of the chemical giant BASF.
Europe’s gas storage tanks are 68.8% full, a record high in the last decade, with a little more than one month left of the heating season.
The son tries to escape his father’s shadow, costly breakdowns in gas exports, and Russia has been playing Turkmenistan for a fool. Eurasianet’s weekly briefing.
New pipeline with capacity of up to 1.8 bcm a year will help increase energy security and diversify gas supplies in the region.
Russian pipeline gas flowing to Europe dipped to a record low in January, down 30% compared with supplies in December, while experts warn that there could be significant further downside risk to the country’s deliveries.
Moscow curries favour, neighbours seek more gas, and Turkmenistan’s colossal methane pollution could power Afghanistan at little cost many times over. Eurasianet’s weekly Turkmenistan briefing.
The value of imports into Russia in the fourth quarter of 2022 decreased at a slower pace year on year, the Central Bank of Russia (CBR) reported on January 26. The positive ...
Gurbanguly Berdimuhamedov returns as head of state, albeit with a different title. The word is, son and president Serdar has proved a bad negotiator.
Italian PM Giorgia Meloni completed a two-day visit to Algeria on January 24. The visit’s main goal was to consolidate diplomatic and commercial ties and secure a deal for increased gas exports through the TransMed pipeline.
While many Russian energy companies have been hit hard by fallout from the war in Ukraine, the country’s second biggest oil producer Lukoil has remained relatively unscathed. The EU ...
Europe faces another energy crisis that may start in the summer, leading gas and power prices to spike again. Europe won this winter’s battle in the energy war with Russian President Vladimir Putin, but will receive even less gas than last year.