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Can Russia sneak gas into the EU via a Turkish gas hub?

Russia has been eagerly pushing for the further development of Turkey as a “gas hub” for its gas supplies to Europe. Analysts are asking if this simply a ruse to dodge sanctions and surreptitiously continue to export gas to EU members.

Oil tanker jam forms off Turkey as Russian oil price cap disrupts markets

An oil tanker traffic jam has formed off the Turkish coast after the EU’s introduction of a price cap on global Russian crude supplies, the Financial Times reported on December 5. Turkish authorities are demanding new proof of full insurance cover.

All three refineries in Romania secured non-Russian oil

Latest Russian missile attack stifled by Ukrainian Air Defence

Russia fired more than 70 missiles at Ukraine on Monday, December 5, but Ukraine’s air defence unleashed an impressive performance and shot down over 60 projectiles, the Ukrainian Air Force tweeted on December 5.

DMEA: Kenyan insurer exits Ugandan oil pipeline consortium

Nairobi-listed Britam Holdings has withdrawn from a consortium of East African insurers providing coverage for the EACOP pipeline, saying the project does not meet its backers’ standards.

AfrOil: ExxonMobil reportedly preparing to exit Equatorial Guinea

ExxonMobil has reportedly started ramping down oil production at Block B, located offshore Equatorial Guinea, and aims to exit the country once its licence for the site expires in 2026.

Mongolians attempt to storm Government Palace as protests over coal profits scandal swell

Majority strived to keep the youth-led demonstrations peaceful, but the bitterness now held towards top officials runs deep and was clear for all to see.

MOSCOW BLOG: Oil embargo day

The EU’s oil embargo on importing Russian oil comes into effect today. The blanket ban on seaborne oil deliveries is softened by the oil price cap scheme, so that the EU can import oil from Russia provided it costs less than $60.

EU, G7 approve Russian oil price cap as embargo on country's crude comes into force

The EU and the G7 nations clinched a deal last week to fix the price of seaborne Russian crude oil exports at no more than $60 per barrel, aimed at crippling Moscow’s revenue stream while avoiding major disruption in the global oil market.

Moldova to send all its gas from Gazprom to Transnistria

Chisinau aims to avoid blackouts, bring down electricity prices and improve relations with Russia-backed separatists in Transnistria with latest move.

MEOG: Aramco makes gas discoveries

How well will the EU’s oil embargo on Russia’s seaborne exports work?

The EU’s oil embargo, contained in the sixth and eighth packages of sanctions, comes into effect on December 5 and is likely to severely disrupt Russia’s oil trade but not stop it.

Putin tells Scholz Russian strikes on Ukraine’s energy infrastructure inevitable, rejects Biden’s call for talks

Speaking to a Western leader for the first time since September, Russian President Vladimir Putin told German Chancellor Olaf Scholz that Russian strikes on Ukraine’s energy infrastructure were “inevitable,” and rejected US calls for talks.

AfrElec: Bboxx signs €11mn deal to boost electrification in Togo

ING: Europe faces stiff competition for natural gas

The collapse in European natural gas prices in recent months has created a false sense of security. While the current winter appears to be more manageable, the region will find it more difficult to build adequate storage for the 2023/24 winter.

LNG in Europe: ready or not?

With the reliable supply of Russian gas to Europe a thing of the past since the eruption of war in Ukraine, many European countries have been scrambling to find alternative sources of energy. Many have turned to LNG.

NorthAmOil: ExxonMobil, MHI to deploy CO2 capture technology

ExxonMobil and Mitsubishi Heavy Industries (MHI) have joined forces to deploy MHI’s CO2 capture technology as part of ExxonMobil’s end-to-end carbon capture and storage (CCS) solution for industrial customers.

AfrElec: Dubai’s AMEA Power reaches financial close on two 500-MW renewable energy projects in Egypt

GLNG: Bangladesh turns to Brunei for LNG supply

AsiaElec: China makes advances in nuclear power capacity

Sino-Russian ties continue to deepen as Western sanctions drive their economies together

Widely seen as a marriage of convenience, economic ties between Russia and China are rapidly deepening as the two countries are driven together by pressure from the West.

REM: British prime minister may U-turn on onshore wind

Russia proposes Kazakhstan and Uzbekistan join “gas union”

Goal of proposed union is to coordinate transport of Russian gas across Central Asia as Moscow seeks new markets in response to Western sanctions.

Kazakh authorities threaten to nationalise energy firms over ongoing blackouts

Warning issued after accident at a power plant in northern Kazakhstan that left thousands without electricity amid freezing temperatures in the city of Ekibastuz.

Oil price cap deal still proves elusive for EU

EU negotiators ended talks on capping Russian oil prices on November 25 without coming to a hoped-for agreement, as Poland and the Baltic States opposed a proposal that they felt would have left Moscow with too much revenue from its crude exports.