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European gas prices reach fresh peak as EU nears 75% threshold with gas storage
The EU faces an uphill struggle contending with continually soaring energy costs this winter.
Kazakhstan’s food security hopes for the world undermined by food insecurities at home
Central Asia’s largest economy facing up to sobering climate change effects on agriculture and economic disruption of Ukraine war.
AsiaElec: Vietnam coal imports to peak by mid-2030s
Romanian energy companies report hike in profits
Two major Romania energy companies — natural gas and electricity producer Romgaz and nuclear power company Nuclearelectrica — have reported sharp hikes in their profits for the first half of 2022.
Albania steps in to help Kosovo avoid electricity rationing
Kosovo's energy companies had planned restrictions on power use as the coal-dependent country faces a crisis in the energy sector.
NorthAmOil: Centrica, Delfin sign preliminary LNG supply deal
UK-based Centrica has signed a heads of agreement to buy 1mn tonnes per year of LNG from the US’ Delfin Midstream.
FSUOGM: Hungary secures increase in Russian gas supply
EurOil: Greenpeace vows further protests against Jackdaw
AsianOil: Senex unveils Surat Basin gas expansion plans
MEOG: Maha’s Mafraq farm-down
DMEA: Iran makes midstream progress
LatAmOil: Terminal fire could plunge Cuba into an energy crisis
Cuba may be heading for an energy crisis following a devastating fire that destroyed at least 40% of the Matanzas Supertanker Base, the country’s largest crude oil and petroleum product import terminal and storage depot.
AfrOil: Eni acquires Tango FLNG for Marine XII project
Italian oil major Eni SpA has acquired Tango FLNG, a small-scale floating LNG (FLNG) vessel, for installation at the Marine XII block offshore Republic of Congo from Belgium’s Exmar.
Hungary secures increase in Russian gas supply
Under the agreement, an extra 2.6mn cubic metres per day of gas will arrive in Hungary’s south from the TurkStream pipeline up until the end of August.
COMMENT: Can Russia pivot its European gas sales to Asia?
The search for alternative markets is being stepped up to secure the long-term future of the Russian gas industry. In the short-term Russia can't switch to Asia, but by the early 2030 Russia could be sending up to 126bcm to Asia.
AfrElec: Saudi Electricity borrows $568mn to fund electricity interconnection project with Egypt
Perspectives | Beijing and Moscow clash over Kazakhstan’s oil
China wants Russia to stop interfering with Kazakh oil exports.
Czech government remains colour blind on green issues
This could prevent it from tackling some of the country’s biggest problems, such as its dependency on Russian energy, soaring energy bills, worsening environmental problems, and its stuttering economic model.
Fire could plunge Cuba into an energy crisis
Following a blaze that has destroyed at least 40% of the Matanzas Supertanker Base, Cuba stands to run low on power plant fuel. The consequences could lead the US to reconsider sanctions policy.
AfrElec: Zimbabwe, Zambia sovereign defaults push up cost of $4.5bn Batoka Gorge project
Government claims three quarters of foreign companies in Russia are still working
The Kremlin has now banned companies in the financial, fuel and energy sectors from leaving the country.
Moldova says it won't be able to make next payment to Gazprom
Failure to make the up-front payment may result in disruption of gas supplies in the first days of September.
Russia resumes oil supplies to Slovakia and Hungary but imports to Czechia remain halted
Hungary's MOL group pays for Transneft's transit fee to Ukrtransnafta, ending cut-off caused by 'administrative glitch'.
How do high gas prices push up the cost of power?
Russian supply woes have driven European gas prices to previously unimaginable levels, but why are electricity prices so high?
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