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ENERGY CRISIS: Bruegel gas use tracker shows a tight market but falling EU consumption
This winter is going to be tough. An energy crisis has already led the EU to spend over half a trillion euros on relief and support. Europe wants to cut its gas consumption by 15% and has managed to reduce it by 7% already.
FSUOGM: Russia seizes Sakhalin-1 oil and gas project
NorthAmOil: Suncor to offload wind, solar assets in shift in energy transition focus
Leading oil sands producer Suncor Energy said on October 5 that it had agreed to sell its wind and solar assets to ATCO-owned Canadian Utilities for CAD730mn ($527mn).
Kazakh president bemoans shrinking lake, doesn’t mention China’s take
Lake Balkhash is fed by the Ili River that originates over the border in China’s Xinjiang region.
Iranian oil workers reportedly strike in solidarity with anti-regime protesters
Claims circulate in Tehran, meanwhile, that some bazaar merchants, usually loyal to the government, have joined the protests.
MEOG: NewMed, Capricorn merger
EU members still fail to make headway on gas price cap proposal
EU leaders convened once more on October 7 to discuss the introduction of a price cap on gas imports, but once more, member states failed to decide on what form the measure would take.
GLNG: Petronas declares force majeure on Malaysian LNG exports
ENERGO: Hungary’s Greenergy inaugurates €10mn solar park
LatAmOil: Staatsolie confirms plans for deepwater auctions in Q4-2022
Staatsolie, the national oil company of Suriname, has confirmed that it still intends to launch a licensing round for deepwater acreage before the end of this year.
AfrOil: DR Congo rejects US request to scale back onshore licensing round
The Democratic Republic of Congo (DRC) has rejected a request from US climate envoy John Kerry to reduce the number of blocks included in its current onshore licensing round from 30 to 24.
DMEA: UAE’s retail fuel consumption up
The UAE is seeing retail fuel consumption grow on the back of improvements in the economy, but without returning to the level that prevailed before the coronavirus (COVID-19) pandemic.
Kyiv fires back at Putin's order to take over Zaporizhzhia power plant
Russian President Vladimir Putin signed a decree transferring the occupied Zaporizhzhia nuclear power plant (ZNPP) to Russian federal ownership, Ukrainian Pravda reported on October 5. In turn, Ukraine condemned the illegal action.
AsiaElec: China pushing EU to up the ante on climate change
Serbia and Croatia spar over ban on oil transport through Janaf pipeline
Belgrade blames historic differences with Zagreb for failure to secure exemption to EU ban on Russian oil imports.
MOSCOW BLOG: Russia and Saudi Arabia’s oil production cut is pre-emptive strike on EU’s price cap scheme
Has Riyadh just sided with Putin by agreeing to cut oil production by 2mn barrels? It's more complicated than that.
EPH to invest €10.2bn into renewables in Germany
The plans mark a major shift in EPH's strategy, which had been to bet that the green transition would take longer than expected.
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