Europe’s Gas Supply Crisis Grows after Russia Imposes Sanctions
Moscow’s sanctions came just a day after Ukraine halted a gas transit route, blaming interference by occupying Russian forces, the first time exports via Ukraine have been disrupted since the invasion.
Bulgaria to Receive US LNG Deliveries from June
The arrangement to receive U.S. LNG supplies was agreed at a meeting between Bulgaria Prime Minister Kiril Petkov and U.S. Vice President Kamala Harris in Washington, the government said.
Germany, Qatar At Odds Over Terms in Talks on LNG Supply Deal: Sources
Germany, which aims to cut its carbon emissions by 88% by 2040, is reluctant to commit to Qatar’s conditions to sign deals of at least 20 years to secure the massive LNG volumes it needs to reduce its dependence on Russian gas, sources said.
Russian Oil Output Rising in May, Novak Says
After experiencing a slowdown in oil production in April, production has stabilized and May oil output has risen, according to Russian Deputy Prime Minister Alexander Novak.
Special Report: Oil and Peace
The Ukraine war has the potential to redraw the world’s energy map, particularly as U.S. LNG begins to flow to Europe to replace Russian natural gas.
Russia’s Rosneft Ramps Up Oil Sales to Indian Oil in May
Moscow-based oil company Rosneft increases its sales to Indian Oil Corp. in May, as Russian crude finds an increased presence in India since western sanctions on Russian oil began in February.
EU Prepares Next Russia Sanctions Including German-backed Oil Ban
The European Commission is expected to propose a sixth package of EU sanctions this week against Russia over its Feb. 24 invasion of Ukraine, including a possible embargo on buying Russian oil.
TotalEnergies Records $4.1 Billion Impairment over Arctic LNG 2 Project
The $21 billion Arctic LNG 2 project is key for Russia’s plans to raise its share of the global LNG market to 20% by 2035, expanding its annual LNG output to 120 million-140 million tonnes.
Shell Tightens Restrictions on Russian Oil Buying
After Shell's initial pledges in March to gradually phase out buying Russian oil and natural gas, the company announced it will no longer accept any Russian hydrocarbon products.
US Natgas Jumps 5% After Russia Halts Gas Exports to Poland, Bulgaria
U.S. natural gas prices also gained support from forecasts for more gas demand than previously expected, and a continued drop in U.S. output due to a late-season cold snap that froze oil and gas wells in North Dakota.