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EU gas imports from Russia in charts
The Bruegel think-tank has published a set of interactive charts that show very clearly how Russian gas imports to Europe this year are well below the historical average.
EurOil: Shell FIDs Jackdaw
FSUOGM: Rosneft starts drilling at Vostok Oil
NorthAmOil: Keystone back online
DMEA: Reality check for Port Harcourt
MEOG: IDC maintains momentum
AsianOil: CNOOC reports commercial flows from offshore shale well
China National Offshore Oil Corp. (CNOOC) has achieved commercial flows of oil and gas from an offshore shale well in the South China Sea. This marks the first successful offshore shale well for China.
AfrElec: Zimbabwe's president visits Mozambique, Zambia to rescue power import contracts
LatAmOil: ExxonMobil makes two new finds at Stabroek
US-based ExxonMobil has made two finds at the Stabroek block offshore Guyana, bringing the total number of discoveries made at the licence area this year up to seven.
AfrOil: Eni, Sonatrach strike oil in North Berkine basin
Italy’s Eni and its Algerian partner Sonatrach have made a new hydrocarbon discovery in Rhourde Oulad Djemaa Ouest-1 (RODW-1), an exploration well drilled in the Berkine North basin.
EVs in Uzbekistan bring problems and prospects
Number of imports up dramatically, but most market players doing little by way of providing electric vehicle servicing and infrastructure. That needs to change.
AsiaElec: Chinese coal-fired capacity increases
Uzbekistan: Electricity grid strained by heat
Demand has surged as the population turns to air conditioners and refrigeration equipment to keep cool.
Russian gas revenues slump 40% m/m in June amid Gazprom supply cuts
Russia saw its revenues from natural gas exports slump 40% month on month in June, highlighting the self-inflicting damage that Gazprom’s recent cuts in gas supply to Europe are doing to Moscow’s coffers.
European gas exceeds $2,200/1,000 cubic metres for the first time since March
Dutch TTF hub gas prices rose to €202/MWh, or c$2,200 per 1,000 cubic metres, on July 26, as flows from Russia’s Nord Stream pipeline were curtailed from 67 mcm per day at the beginning of the week towards a stated target of 33 mcm per day.
Off-the-scale wildfire devastates Czech Republic’s Bohemian Switzerland National Park
Hundreds of firefighters have for five days battled worst fire in country’s modern history.
ENERGO: Estonia’s Elering builds new infrastructure to ensure smooth departure from Russian system
Ukraine’s Naftogaz faces default on $335mn bond payment
Naftogaz failed to persuade enough of its bondholders to accept a two-year freeze on payments at the eleventh hour and the government refused the company permission to make good on its obligations.
EU clinches deal on 15% cut in gas consumption from next month
EU member states have agreed to back the European Commission’s proposal to implement a 15% cut in gas consumption starting next month, but the agreement includes some concessions to those countries that had voiced opposition to the measure.
AfrElec: South Africa's president outlines five-point plan to address electricity supply crisis
Gas flows in Nord Stream 1 at 20% are insufficient to fill gas storage ahead of winter
Gazprom’s announcement that it was cutting gas flows in the Nord Stream 1 pipeline to 20% of capacity on July 25 means the EU will miss its deadline to fill storage tanks to 80% full by October 1.
Naftogaz fails to change terms of eurobonds
Naftogaz, Ukraine’s largest state-run oil and gas company, has failed to convince Kondor Finance to agree to change the credit terms of its eurobonds.
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