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GLNG: QatarEnergy adds more JVs for NFE development
REM: Desert climates in parts of Central Asia have spread up to 100 km since 1980s, says study
AfrElec: Nigeria needs $100bn to boost electricity supply, says World Bank
Nigeria needs around $100bn in the next 10 years to tackle the country’s unreliable power supply, the World Bank has estimated.
Russia-EU gas crisis enters next phase as Germany, Italy and France all report cuts in supply
The crisis in the EU-Russia gas relationship has taken another turn for the worse, with Germany, Italy and France all reporting cuts in supply after all three countries backed Ukraine’s bid for EU candidate status.
COMMENT: Fiscal challenge for Azerbaijan is to not spend the oil price boom
Counter-cyclical fiscal policy needed. Among other things, more modest budget spending would help country combat soaring inflation.
Face to face with Putin, Kazakhstan’s president refuses to recognise Ukraine breakaway republics
Hours later, Moscow announces difficulties with Kazakh oil shipments. Some analysts, however, argue the Kremlin benefits from Nur-Sultan’s moves to avoid sanctions.
Putin praises Bosnia’s Dodik for loyalty to Russia
Bosnian Serb leader travels to St Petersburg for SPIEF 2022 forum after blocking Bosnian efforts to impose sanctions on Russia.
FBK accuses Putin and Miller of using Gazprom as “bottomless purse” in latest scandal report
A report by Navalny's Anti-Corruption Foundation claims Gazprom CEO Alexey Miller has allegedly embezzled from Russia's gas giant to fund a network of properties and offshores. Putin's inner circle is also accused of profiting from the theft.
ESA report says satellite imagery reveals evidence of methane leak at Pemex platform
The European Space Agency (ESA) has published research showing that Mexico’s national oil company Pemex experienced a methane leak at an offshore platform last December.
Guyana wins praise for plan to use oil revenues to fund establishment of green economy
The Inter-American Development Bank (IADB) says Guyana’s government has succeeded in formulating a comprehensive plan aimed at using oil revenues to facilitate the move toward a greener economy.
Europe's gas storage tanks already half full, but will it be enough?
Gazprom cuts supplies of gas as Europe races to fill its storage tanks. These crossed the halfway mark on June 7 and are now 51.12% full, as the EU seeks to replenish its supplies ahead of the coming winter.
Romania receives gas from first new offshore development in 30 years
Romania aims to become a net exporter of gas following the discovery of large offshore resources in the Black Sea, but progress has been slow.
Tanzania LNG’s potential pitfalls
The initial HGA on Tanzania LNG represents a triumph for President Samia Suluhu Hassan, who has been working hard to revive the stalled $30bn deal, but the project’s timeline may be overly ambitious.
REM; US Department of Energy to guarantee $504.4mn loan to world’s largest clean hydrogen storage facility
The US Department of Energy has closed on a $504.4mn loan guarantee to the Advanced Clean Energy Storage (ACES) project in Utah, which will be the largest clean hydrogen storage facility in the world.
Calls growing for a price cap on Russian oil exports
Europe has been wrestling to get its members to sign up to a full ban on Russian oil products but a ban could send the price of oil up and make Russia even more money. Better to cap prices and starve the Kremlin of revenues.
Russia announces it will slash gas flow via Nord Stream 1 by 60%
Russia’s Gazprom has announced it is slashing gas flow via the Nord Stream 1 pipeline by 60%, blaming Siemens’ failure to repair compressor units on time and other technical problems at the Portovaya compressor station.
DMEA: Progress at Haditha refinery
LatAmOil: APA finds water in Rasper well offshore Suriname
Houston-based APA Corp. has finished drilling the Rasper exploration well at Block 53 offshore Suriname without finding any hydrocarbons.
AfrOil: TotalEnergies makes FID on $850mn CLOV Phase 3 project
Angola’s National Agency for Petroleum, Gas and Biofuels (ANPG) says France’s TotalEnergies has made a final investment decision on the $850mn Phase 3 development project at the CLOV oilfields within Block 17.
MEOG: NFE partner and Sakarya pipelaying
NorthAmOil: BP exits oil sands, enters Bay du Nord via Cenovus deal
BP announced this week that it had reached an agreement with Cenovus Energy that will see it relinquish its 50% stake in the Sunrise oil sands venture while farming into the undeveloped Bay du Nord project offshore Newfoundland and Labrador.
AsianOil: CPC receives Taiwan’s first cargo of carbon-offset crude
Taiwan’s CPC announced on June 12 that it had received the country’s first cargo of certified carbon-offset crude.
ENERGO: Finnish Fortum rushes Russia exit by July 1
Turkmenistan: Masks off
Uniting in paranoia with Russia, warming to Iran, and opening for business. This and more in Eurasianet's weekly Turkmenistan briefing.
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