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Iran implies West needs nuclear deal more than it does amid ‘crippling energy crisis’
Tehran serves reminder that ‘winter is approaching’ and Europe needs Iran’s oil and gas on the market.
MOSCOW BLOG: Economic war phase 2
Russia launched its Phase 2 of its military campaign in Ukraine in April, when it withdrew from northern Ukraine to concentrate its forces on taking Donbas. Now it has launched its Phase 2 of its economic war against Europe by stopping the gas flows.
Russia's indefinite closure of Nord Stream 1 triggers another price spike
Natural gas prices surged after Russia halted its biggest pipeline to Europe indefinitely, plunging the region deeper into a crisis that could push major economies into recession and force rationing.
Gazprom and Hungary agree on additional gas deliveries for winter
Agreement guarantees the delivery of up to another 5.8 mcm gas per day to Hungary in September and October.
MEOG: Novatek leaves Lebanon
EurOil: How much Azeri gas can head to Europe?
FSUOGM: Unknown Dubai firm reportedly bids for Shell's stake in Russian oil project
How much Azeri gas can head to Europe?
Europe has approached Azerbaijan as a source of additional gas to eliminate more Russian imports. But how much extra gas the country may provide, beyond the 10 bcm per year it is already sending, will depend on exploration results and Turkish assent.
The G7 announces an oil cap price sanctions scheme, but will it work?
G7 finance ministers agreed on September 2 to impose an oil price cap on the Russian oil trade starting December 5 that is supposed to reduce the revenue the Kremlin earns from its exports but gave few details of how the scheme will work.
BOOK REVIEW: Climate change on the Arctic treeline
'The Treeline: The last forest and the future of life on earth' explores the northern movement of forests toward the North Pole as the world warms up and what this means for life on earth.
For Cypriot gas, the path to Europe may run through Egypt
Establishing short subsea links with Egypt may be a faster and cheaper way for Cyprus to launch exports than waiting for EastMed, which would be the world’s longest underwater pipeline.
IAEA chief Rafael Grossi arrives at the occupied Zaporizhzhia power plant
"The things I needed to see, I saw," said IAEA chief Rafael Grossi after visiting the Zaporizhzhia nuclear power plant, despite shelling that shut down operating unit 5 and attacks on the nearby city of Enerhodar.
Macron and Borrell both say Iranian JCPOA deal possible 'within days'
New understanding between Tehran and major powers could unlock world markets for Iranian oil, countering supply stress caused by attempts to sideline Russian oil.
AfrElec: Botswana: BPC, Scatec sign PPA for 50-MW solar photovoltaic plant construction
REM: Dominion may abandon 2.6-GW wind project off Virginia if regulators require performance guarantee
Dominion Energy Virginia says it will abandon its planned 2.6-GW offshore wind farm off the US MidAtlantic coast if state regulators do not reverse their decision to guarantee a certain performance for the $9.8bn project.
GLNG: ZIM, Shell sign 10-year LNG bunkering deal for new container ships
ZIM Integrated Shipping Services (Israel) has secured fuel supplies for 10 new LNG-powered ships that are due to enter its fleet in 2023-2024 under a long-term bunkering contract with a subsidiary of Shell (UK).
AsiaElec: Africa seeks Japanese renewables investment
Iran delivers Ukraine ‘peace initiative’ to Russia from unnamed European leader
Moscow trip of Tehran’s top diplomat, meanwhile, fails to provide clear signal that a nuclear deal relaunch is on the horizon, but hopes are rising.
Sanction-defiant Gazprom to pay $20bn in first ever interim dividend
Russian natural gas giant Gazprom saw its share price on Moscow Exchange jump by over 30% on August 31 after it announcement will pay interim dividends for the first time ever of RUB1.2 trillion ($19.6bn) for 1H22.
YPF’s export agenda
YPF's plan to build Argentina’s biggest oil export terminal in Rio Negro may not be enough to ensure that Vaca Muerta realises its full potential.
Turkmenistan: The price isn’t right
Food subsidies to end, Russia seeks closer ties, and energy news. This and more in Eurasianet’s weekly Turkmenistan briefing.
European gas storage tanks reach 80% full target
The EU now stands on the brink of reaching its long-stated goal of filling its natural gas storage facilities to 80% of capacity – two months early. The target was considered ambitious but the market has done its thing.
Electricity supply crisis in Kosovo worsens after failure of Obiliq TPP unit
Kosovo has the world's fifth largest lignite reserves of up to 14bn tonnes, but its thermal power plants are outdated and constantly need repairing.
NorthAmOil: Shell, Energy Transfer sign Lake Charles LNG offtake agreement
Shell and Energy Transfer have signed a 20-year sales and purchase agreement for 2.1mn tonnes per year of LNG produced at the planned Lake Charles LNG project in Louisiana.
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