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Emergency measures in Ukraine’s energy sector cast doubt on surviving through winter

7 June 2024

Russia has destroyed over 60% of the Ukraine's energy production capacity. One official told the FT that Ukrainians should prepare for "life in the cold and the dark" this winter.

Gazprom’s business will take at least a decade to recover from the impact of the Ukraine war

6 June 2024

The business of Russian gas giant Gazprom will take at least a decade to recover losses incurred from Moscow's full-scale invasion of Ukraine, according to a report commissioned by the company released on June 5.

Hungary’s MVM Group acquires 5% stake in Shah Deniz gasfield in Azerbaijan

6 June 2024

The 5% stake would translate into an annual supply of 1.5 bcm of natural gas for Hungary.

World to miss goal of tripling renewables by 2030, says IEA

6 June 2024

New analysis from the International Energy Agency (IEA) finds that countries will miss the COP28 goal of tripling global renewables capacity by 2030.

The Caspian Sea to shrink by a third due to global warming

5 June 2024

The Aral Sea has gone. The Caspian Sea may be next. Global warming will see its level fall by up to 18 metres and reduce its surface area by a third thanks to global warming.

Slovenia plans tough new energy and climate targets

3 June 2024

Draft new National Energy and Climate Plan proposes higher targets for emissions reduction, renewable energy sources and energy efficiency by 2030.

India halts Venezuelan oil imports amid US sanctions

3 June 2024

India ceased oil purchases from Venezuela last April, coinciding with the United States' decision not to extend sanctions relief on Venezuelan crude, according to the spokesperson for Indian Foreign Minister Randir Jaiswal.

Southeast European countries look to Algeria to diversify energy supplies

3 June 2024

Both Slovenia and Croatia are tapping Algeria for gas imports as the country becomes an important supplier to southern Europe.