Germany, Qatar Discuss Energy Cooperation
Discussions prompted by desire for Germany to end dependence on Russian energy.
EU Leaders Agree to Phase Out Russian Fuels, But Hurdles Remain
A Polish diplomat said: “Ukrainians are paying with their own blood” for Europe’s energy purchases from Russia.
Shell Faces Additional $400 Million Write-down on Russian Exit
The write-down on its Russian downstream assets come on top of $3 billion mentioned in its Feb. 28 announcement, a company spokesperson for Shell said.
EU to Phase Out Russian Energy, Offer Ukraine Support
This is a turning point for the EU, because Russia is its biggest energy supplier, providing more than 40% of its gas, more than a quarter of oil imports and almost half of its coal.
Biden Bans Russia Oil Imports to US, Warns of Higher Gasoline Prices
“We’re banning all imports of Russian oil and gas energy,” Biden told reporters at the White House. “That means Russian oil will no longer be acceptable in U.S. ports.”
Remorseful Shell Abandons Russian Oil for Good
“We are acutely aware that our decision last week to purchase a cargo of Russian crude oil ... was not the right one and we are sorry,” Shell CEO Ben van Beurden said.
What Would a US Ban on Russian Oil Mean for the World?
The possibility that the U.S. might ban Russian oil imports has triggered a surge in Brent crude to almost $140/bbl, its highest level since 2008. Here are some of the likely consequences of a ban.
CERAWeek: John Kerry Calls Ukraine Crisis a ‘Defining Moment’ for the Century
U.S. climate envoy John Kerry said the world will have to continue to invest in energy transition technologies, but noted that the Biden administration is pursuing an “all-of-the-above” approach.
Russia Seizes Ukraine Nuclear Power Plant as Forces Lay Siege to Cities
Fighting also raged elsewhere in Ukraine as Russian forces besieged and bombarded several cities in the second week of an invasion launched by Russian President Vladimir Putin
Germany Steps Up Efforts to Cut Russian Energy Reliance
As part of its diversification efforts, Germany has commissioned its gas market trading hub to buy LNG for 1.5 billion euros (US$1.7 billion) from outside Russia.