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DATACRUNCH: Sanctions by the numbers – oil
Russia dominates Europe’s oil supplies, accounting for 25% of all oil deliveries. Most of Europe wants to diversify away from Russian oil, but adding to the difficulties is that much of this oil is delivered not by ship but the Druzhba pipelines.
Hungary to circumvent EU sanctions through gas payment 'technical solutions'
Hungary plans to pay for Russian gas in euros through Gazprombank, which will convert the payment into roubles.
DATACRUNCH: Sanctions in numbers – coal
Coal was included in the EU’s fifth package of sanctions, the first time that energy has been targeted by the tough sanction regime being imposed on Russia. Coal only makes up 3% of EU imports, but Russia continues to be the major supplier.
Moldova prepares for 'plan B' if Gazprom cuts supplies on May 1
Paying for electricity and gas at market prices could be the price of Moldova's independence, says Deputy Prime Minister Andrei Spinu.
Poland pushing hard to end oil dependency on Russia
Warsaw has been accused of dragging its feet about ending Russian oil imports, while calling for an urgent EU-wide embargo at the same time.
HSE opens largest solar power plant in Slovenia
Prime Minister Janez Jansa says developing Slovenia's energy resources has become even more important since the Russian invasion of Ukraine.
Uzbekistan: Nuclear deal with Russia still on the table despite sanctions
Even if Rosatom is not targeted by sanctions, its future projects could still be affected.
NorthAmOil: Ascent reportedly preparing for IPO
US shale driller Ascent Resources is reported to be preparing for an initial public offering (IPO) in which it hopes to be given a market valuation of around $6bn.
MEOG: Iraq’s revenue boost
AsianOil: Santos’ Dorado moves a step closer to FID
The Dorado project, which is being developed by Santos and Carnarvon Energy offshore Western Australia, has taken what has been described as a significant step towards a final investment decision (FID).
LatAmOil: ExxonMobil makes FID on Yellowtail
ExxonMobil (US) has made a final investment decision on Yellowtail, its fourth development project at the Stabroek block offshore Guyana.
GLNG: Two Mexican LNG projects make advances
Two Mexican LNG projects – Vista Pacífico LNG and Puerto Libertad LNG – have taken steps forward over the past week.
DMEA: Dangote launch date optimism
AfrOil: NLNG urged to open pipelines to gas from other suppliers
Nigeria’s Minister of State for Petroleum Resources Timipre Sylva has asked Nigeria LNG to let other producers access its pipeline networks so that more natural gas can be delivered to its LNG plant.
AsiaElec: Vietnam looks to South Africa, Australia for coal in tight markets
Vietnam is seeking more cargoes of coal from South Africa and Australia for delivery in April and May as domestic production falls and supplies from Asia tighten amid growing prices.
EC announces a fifth package of sanctions on Russia, targeting coal, high tech equipment and transport
The European Commission proposed new sanctions on Russia that will hit coal imports, trade and more banks in response to the massacre in Kyiv’s suburb of Bucha on April 3, where retreating Russian soldiers murdered civilians in cold blood.
REM: TotalEnergies, Sempra to co-develop renewables projects in North America
TotalEnergies and Sempra have agreed to co-develop several projects onshore and offshore renewable energy projects in North America. TotalEnergies is the French oil and gas supermajor. Sempra is an energy American infrastructure company.
AfrElec: South Africa set for 5.4 GW of new wind by 2026
South Africa could add 5.4 GW of new wind capacity over between 2022 and 2026, although procurement could be delayed as additions fall between 2021 and 2022.
LONG READ: Afghanistan key to uncorking Russia's access to South Asia
To the West, Russia is once more viewed as an international pariah. For a viable economic path, Moscow must look east and south across Asia. Afghanistan as well as Central Asia could be crucial to its plans.
BSOG expects Midia startup in Q2
Russia and India are setting up direct oil payment channel
Russian state development bank VEB.RF and the Reserve Bank of India have set up a direct payment channel as an alternative to SWIFT. Reportedly, the channel will serve transactions in rupee and rubles, most notably for Russian oil and gas.
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