Putin Says Russia Can Redirect Energy Exports Away from the West
Russian President Vladimir Putin said the West was to blame for the energy crunch it was experiencing because it would not cooperate with Russia.
Russian Oil Supply Drop to Double in May, Says IEA
Originally predicted to occur in April, The IEA expects sanctions on Russian-imported oil to fully take effect in May due to coronavirus lockdowns in China.
Biden: Not in India’s Interest to Increase Russian Energy Imports
Biden told Indian Prime Minister Narendra Modi the U.S. stood ready to help India diversify its energy imports, White House press secretary Jen Psaki said, noting India’s imports from the U.S. are already much bigger than their Russian imports.
Overview: How Russian Invasion of Ukraine Increases Importance of LNG
In this week’s column, RED President Steve Hendrickson discusses the growing importance of LNG in European energy markets and the push to increase U.S. LNG export capacity.
I Squared Capital Eyes LNG Sector after Raising $15 Billion
Infrastructure investor I Squared Capital says LNG export projects have “increasing momentum” as Europe seeks alternatives to Russian supply.
Ukraine’s Zelenskiy: Delay on Russia Oil Embargo Decision is Costing Lives
Ukrainian President Volodymyr Zelenskiy said Moscow was making so much money from oil exports that it did not need to take peace talks seriously and called on the “democratic world” to shun Russian crude.
EU Countries Seek 'Solidarity' Fix to Urgently Fill Gas Storage
In March, the European Commission proposed EU countries be required to fill their gas storage to at least 80% this year and 90% in subsequent years, a proposal worrisome to EU countries lacking their own gas storage sites.
Russia’s Oil Output Down to 11 Million bbl/d, Analysts Warn of Further Declines
Reports of lower oil production in March, though minor, come as exporters experience difficulties in placing some barrels amid Western sanctions over Russia’s military operation in Ukraine.
Russia Maintains Gas Deliveries as Europe Moots Fresh Sanctions
Germany’s defense minister said on April 3 that the EU must discuss banning the import of Russian gas in light of recently reported war crimes allegations in Ukraine.
Exxon Mobil Suspends Russian Far East LNG Project
The decision would see Exxon Mobil pull out of managing large oil and gas production facilities on Sakhalin Island in Russia’s Far East, and put the fate of a proposed multibillion-dollar LNG facility there in doubt.