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Kremlin reminds Nur-Sultan who’s boss over Kazakh oil exports
And there’s not much the Kazakhs can do about it.
EU draws up gas reduction plans on fears of a Russian gas embargo
The European Commission has drawn up a plan detailing a rationing mechanism and rules to pass price increases on to consumers that can be imposed should Russia cut Europe off from gas deliveries.
Russian gas cut-off could see some European countries' growth fall by 6%, says IMF
If Russia cuts off its gas deliveries to Europe then the most exposed countries could see their economies contract by up to 6%, the International Monetary Fund said in its blog on July 19.
Putin finds a sympathetic ear in Tehran
Russian leader meets with Iranian and Turkish presidents during rare trip abroad. Analysts watching for any outcomes that could boost Kremlin amid its war in Ukraine.
Russian business is turning to new markets – Europe must do the same
Russian companies have been nimble in re-directing trade flows from Europe towards developing countries. If Europe plans to continue giving Russia the cold shoulder, European companies must also learn to look elsewhere to cover the trade shortfall.
ENERGO: Ukraine syncs its power grid with Europe’s
AfrElec: Egypt’s Infinity and AFC agree to buy Lekela Power from Actis-led joint venture
IEA chief warns Europe its gas efforts won’t be enough even as Brussels inks deal with Azerbaijan
Immediate efforts to cut demand vital, says Fatih Birol, as prospect of EU running out of gas reserves in winter looms.
Iran capable of making nuclear weapon declares adviser to supreme leader
Says decision on whether to do so not yet made. US, meanwhile, releases intelligence on Russian military allegedly ‘shopping’ for Iranian combat drones.
Istanbul-listed Koc launches electric vehicle charging stations unit
Conglomerate also lately reached understanding with Ford and SK On to explore potential for EV battery production plant in Ankara.
Hungarian government declares energy state of emergency, tightens utility price cap rules
From August 1, regulated energy prices for households will apply only to electricity and gas consumption up to the national average.
US warns of ‘profound threat’ of Putin’s efforts to deepen ties with Iran
Washington claims Tehran plans to supply Russia with combat drones. Remarks come as Joe Biden starts Middle East tour and Russia’s president prepares for trip to Iranian capital.
MEOG: Turkish progress and Iranian process
DMEA: Cabinda CDU and Nigerian biofuels
AsianOil: Japan considers steps to conserve gas supplies
Japan is considering steps to conserve natural gas supplies amid fears of a potential disruption. This week it emerged that Tokyo may ask households and businesses to cut back on gas usage when supply is tight.
NorthAmOil: Suncor CEO steps down following new fatality
Suncor Energy’s president and CEO, Mark Little, has stepped down from his role following another worker fatality at a site operated by the company.
Canadian sanctions exemption allows for the return of up to six Nord Stream 1 gas turbines
A sanctions exemption issued by the Canadian government to enable the return of a Siemens turbine to Russia’s Nord Stream pipeline will last for up to two years from now, making possible the import and re-export of a further five turbines.
LatAmOil: Shell signs 20-year LNG supply deal with MPL
A subsidiary of Shell (UK) has arranged to purchase 2.6mn tonnes per year of LNG from a new gas liquefaction plant slated for construction at Puerto Libertad in Mexico’s Sonora state.
AfrOil: Namibian minister blasts foreign critics of Kavango exploration
Namibia’s energy minister has expressed frustration with critics of oil and gas exploration, asserting that much of this opposition comes from foreign countries that have already benefited from development.
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