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INTERVIEW: Implications of war in Ukraine for Africa
Experts from Rystad Energy and Welligence Energy Analytics speak to NewsBase about what the Russia-Ukraine conflict might mean for oil and gas producers in sub-Saharan Africa.
REM: Europe proposes to ramp up renewables and slash Russian gas imports by 66%
Europe is planning to slash consumption of Russian natural gas by almost two thirds by the end of this year as it ramps up renewable energy to bolster a move towards energy independence.
Iran, US can do nuclear deal without Moscow says Crisis Group director
Western powers concerned Russia holding JCPOA talks to ransom in effort to curb some effects of Ukraine invasion sanctions.
MOSCOW BLOG: Recalibrating for the economic war with Russia
OK people. It’s time to recalibrate. The war between Moscow and Kyiv in Ukraine just went global. It’s now a full blown economic war between East and West.
US bans imports of Russian oil and gas
US President Joe Biden announced on March 8 that his country was banning imports of Russian oil and gas, as well as coal.
EU vows to cut Russian gas supply by two thirds within a year
The European Commission has unveiled plans to cut EU gas imports from Russia by 100bn cubic metres within one year. Russia is the bloc's single largest supplier of the fuel, meeting around 40% of its demand.
Russia strikes back with counter sanctions in an escalating economic war, banning commodity exports for the rest of 2022
Only hours after the US announced a ban on oil imports from Russia, Russian President Vladimir Putin struck back with counter-sanctions that will ban the export of Russian commodities until the end of 2022 on March 8.
AsianOil: Outage reported at Malaysia LNG Satu
An unplanned outage was reported at the Malaysia LNG (MLNG) Satu – part of the country’s nine-train Bintulu LNG complex – last week.
DMEA: Different approaches to refining
NorthAmOil: US bans imports of Russian oil and gas
US President Joe Biden announced on March 8 that his country was banning imports of Russian oil and gas, as well as coal.
Ukraine’s gas pipelines and storage tanks are safe for now, but not for long
The price of gas on the Dutch TTH spot market soared to a new all-time high of over $3,000 per thousand cubic metres on March 7 as energy traders fear Ukraine's gas pipelines and storage tanks are in danger from the war.
GLNG: Venture Global expands supply partnership with Shell
Venture Global LNG announced on March 7 that it had struck a new long-term sales and purchase agreement with Shell for offtake from its proposed Plaquemines liquefaction terminal on Louisiana’s Gulf Coast.
MEOG: Iran talks up oil investment
LatAmOil: Tradener makes Brazil’s first private deal for Bolivian gas
Tradener has become the first privately owned Brazilian firm to buy natural gas directly from Bolivia, without the national oil company Petrobras acting as an intermediary.
AfrOil: Libyan oil production sinks by 330,000 bpd
Libya’s oil production has reportedly sunk by about 330,000 barrels per day following the shutdown of two major sites: Sharara, the country’s biggest oilfield, and El Feel.
Brazil’s Tradener signs first direct gas supply agreement with Bolivia
Tradener is set to become the first privately owned Brazilian firm to buy natural gas directly from Bolivia, without the national oil company Petrobras acting as an agent or intermediary.
Commodity prices spike across the board on the outbreak of war in Ukraine
Commodity prices across the board spiked, with many of them setting new all-time highs as the war in Ukraine goes into its second week, with no sign of ending soon.
Libyan oil production sinks by 330,000 bpd as Sanalla blames ‘gangs’ for shutdown
Libya’s oil production has reportedly sunk by about 330,000 barrels per day (bpd) as a result of the shutdown of two major oilfields.
AfrElec: Europe eyes South Africa as coal supplier following Russia sanctions
European buyers of coal are beginning to turn to other global suppliers, looking as far as South Africa, in the wake of Russia’s invasion of Ukraine.
MENA countries’ stances vary as Russia-Ukraine war escalates
The recent Russian invasion of Ukraine is having a disruptive economic impact on the MENA region by driving up global wheat prices, which will impose yet more financial burdens on an already cash-strapped Egypt, the world's largest wheat importer.
“A night that could have stopped the history of Ukraine,” Zelenskiy warns after Russia attacks Europe's largest nuclear power plant
An overnight attack by Russian forces on Europe’s largest nuclear power plant caused fear of a massive nuclear catastrophe greater than Chernobyl, announced Ukrainian President Volodymyr Zelenskiy.
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