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The European Union needs to cut demand by 15% to cope with Russian gas cuts
Without Russian gas, the European Union would have to reduce demand by approximately 15%, with big differences between different parts of Europe.
Kazakh president orders diversification of oil supply routes after Russia’s CPC suspension order
A Russian court ordered the Caspian Pipeline Consortium to suspend activity for 30 days after the Kazakh president pledged to help Europe restore its energy supplies.
Ukraine is running out of money and Naftogaz is close to a bond default
Ukraine’s state-owned oil and gas company is likely to default, leading many to speculate that Ukraine will default later this year as the government struggles to pay for the war.
Europe’s gas storage reaches 60% as non-Russian deliveries accelerate
Natural gas storage tanks in Europe were 60% full on July 4 as non-Russian supplies of gas appear to have surged in the last weeks. Europe is still on target to reach its target of tanks 80% full by October but a lot of uncertainty remains.
EU mulls investment in Rogun dam to undermine Russia in Tajikistan
Dushanbe has asked for EU financial and technological assistance to complete the construction of the world’s tallest dam that will make the country self-sufficient in electricity.
Water imbalance in 'Third Pole' is wreaking havoc on Tajikistan and Kyrgyzstan
Researchers say climate change is causing rapid melting of glaciers on the Tibetan Plateau, disrupting water distribution in Tajikistan and Kyrgyzstan.
NorthAmOil: US government releases 2023-2028 offshore drilling plan
The US Department of the Interior released its new five-year offshore drilling plan on July 1, saying it would carry out no more than 11 new potential Atlantic and Pacific lease sales during the 2023-2028 period.
LatAmOil: Pemex formally launches Olmeca refinery
Mexico’s national oil company Pemex held a ceremony marking the official opening of the Olmeca refinery on July 1.
AfrOil: Shell suspends SPDC stake sale
Shell (UK) has put plans for selling its 30% stake in the SPDC joint venture on hold pending the Nigerian Supreme Court’s resolution of a lawsuit related to an oil spill in 2018.
AsianOil: Russian oil exports to Asia decline
FSUOGM: Russia mulls rubles-for-LNG scheme
EurOil: Ithaca closes takeover of Siccar Point
DMEA: OPEC gives refining update
MEOG: Gulf E&P uptick
Sun-drenched Uzbekistan on the verge of a renewables boom
International investors are vying to build new solar and wind farms in Uzbekistan as the country tries to reduce emissions while also supplying power to its growing population.
AfrElec: Egypt issues permit to Russia’s ROSATOM to build first ever nuclear power plant
New Putin decree could force foreign stakeholders out of Sakhalin-2 gas project
Russian President Vladimir Putin signed a decree that will transfer all rights and obligations of the Sakhalin-2 oil and gas project to a new Russian entity, in effect giving the Kremlin the power to nationalise foreigners' stakes.
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