Exxon Mobil Declares Force Majeure on Russian Sakhalin-1 Operations
Exxon Mobil said on March 1 it would exit about $4 billion in assets and discontinue all its Russia operations, including Sakhalin 1, following Moscow’s invasion of Ukraine on Feb. 24.
Russia Denies Gas ‘Blackmail’ After Halting Flows to Poland, Bulgaria
European Commission President Ursula von der Leyen said Gazprom’s announcement was yet another attempt by Russia to use gas as an instrument of blackmail.
Russia Halts Gas Supplies to Poland, Bulgaria
Gazprom said in a statement it had “completely suspended gas supplies to Bulgargaz and PGNiG due to absence of payments in roubles,” referring to the Polish and Bulgarian gas companies.
Rosneft Huge Oil Tender Fails After It Demands Rouble Payment, Traders Say
The failure of the tender highlights a growing struggle by the Kremlin oil major to sell oil due to sweeping Western sanctions on Russia for the invasion of Ukraine.
Shell in Talks with Chinese Firms to Sell Stake in Russian Gas Project: Report
The discussions with the Chinese firms include the potential sale of Shell’s stake in the Sakhalin-2 LNG venture, The Telegraph reported, adding that Shell is to be open to potential buyers outside China.
India’s Reliance Buys At Least 15 Million Barrels of Russian Oil: Traders
Indian refiners have snapped up the cheap barrels of Russian oil as India, the world’s third-biggest oil importer and consumer, is hit hard by high oil prices.
Use Less Air Conditioning, Drive Slower to Shun Russian Energy, IEA Urges
Energy saving has long been needed to meet climate goals, but months of soaring energy prices and a scramble to cut reliance on Russian fossil fuels following Moscow’s invasion of Ukraine have pushed the issue up the political agenda.
Ukraine Lobbies for Cuts in Russian Nord Stream 1 Gas Shipments
In an effort to increase Kyiv's leverage against Russia in the Ukraine-Russia conflict, Ukraine is working to convince its allies to shift Russian natural gas shipments from the Nord Stream 1 pipeline to Ukraine's pipeline.
Rising Calls for US LNG Revive Stalled Export Projects, But at Higher Costs
Russian steel and nickel imports required to build U.S. LNG export facilities are reaching higher prices, which could decrease returns but shouldn't halt the construction projects, according to analysts.
Russian Gas Flows to Europe Through Ukraine Fall
Russian deliveries of gas through Ukraine fell on April 19 from 420,099 MWh/d the day prior to 398,774 MWh/d.