(Investing)– The European Parliament voted on Wednesday to approve the European Union’s plan to phase out Russian gas imports by late 2027. The approval marks a significant step forward for the initiative, which now faces just one remaining legal hurdle before becoming law. The Russian gas ban still requires formal approval from EU countries’ ministers, with that vote expected to
(Investing) – The European Union could phase out Russian gas within six to 12 months by replacing it with U.S. liquefied natural gas, and the United States communicated this position to EU officials this week, U.S. energy secretary Chris Wright told Reuters on Friday. Wright was speaking in Brussels, where he met EU energy commissioner Dan Jorgensen on Thursday as
(Investing) – BRUSSELS -The European Commission will next month propose legal measures to phase out the EU’s imports of all Russian gas and liquefied natural gas by the end of 2027, it said on Tuesday. Here are the key details: GAS AND LNG Russia was Europe’s top gas supplier before its 2022 full-scale invasion of Ukraine, providing around 45% of the European
Nasdaq BRUSSELS, May 16 – The European Commission has confirmed how European Union companies can pay for Russian gas without breaching the bloc’s sanctions against Russia, in updated guidance on the issue seen by Reuters. The Commission told countries last month that European companies may be able to pay for Russian gas without breaching EU sanctions against Moscow, but only
Nasdaq President Vladimir Putin said on Thursday that Moscow will work to re-direct its energy eastward as European countries try to reduce reliance on Russian exports, adding that Europe will not be able to completely shun Russian gas immediately. Russia has been forging closer ties with Asia and China, the world’s top energy consumer, trying to diversify away deliveries from
Reuters LONDON/OSLO – Consumers in the European Union and Britain face further gas price spikes this winter as flows of Russian gas via major transit routes are proving too little, too late. Source: Reuters The new Nord Stream 2 pipeline running from Russia to Europe might have eased a tight market. But it has faced more delays as German certification
World Oil MOSCOW (Bloomberg) – European natural gas futures jumped, extending their rebound from last week’s slump, as shipments from Russia fell. Source: Reuters While Europe’s biggest supplier has promised additional volumes starting next week, gas flows to the region declined over the weekend and again on Monday. Shipments via a key transit route to Poland stopped, with the country
From S&P Global Platts Yamal-based field holds some 2 Tcm of gas First Kharasavey production expected in 2023 London — Russia’s Gazprom on Wednesday began the “full-scale” development of the giant Kharasavey gas field on the northern Russian Yamal peninsula as the company continues to shift its production base northward. Kharasavey — estimated to hold 2 trillion cu m of gas
