EurOil - Europe Oil & Gas
China is reported to have resold a handful of US LNG cargoes to Europe as price trends and Russia’s war in Ukraine continue to reroute trade flows.
In the long term Russia will be reduced to a raw material exporter that has to export regardless of price because they need the cash, argues Christof Rühl.
Europe might survive summer if Russia cuts off gas, but winter will mean significant demand destruction, OIES says
Italy’s Enel is reportedly ready to revive plans for the proposed Porto Empedocle LNG as Italy seeks to reduce its dependence on Russian gas.