Russia

Europe Fears Cuts In Natural Gas From Russia

A new E3G Briefing Paper calls into question official EU projections regarding EU gas demand, which raises important questions about the economic viability of new gas import infrastructure – both pipelines and especially LNG terminals – and, by extension, about gas supply diversification efforts to enhance overall EU energy security. The following chart shows that… Keep reading →

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Russian oil output neared record figures during May, despite speculation before an OPEC meeting this week that major producers may cooperate to curb a global supply surplus. “Production of oil and natural-gas condensate climbed 1.6 percent from a year earlier to 10.708 million barrels a day, close to January’s post-Soviet record of 10.713 million barrels… Keep reading →

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Major FIFA sponsors came out with statements of concern after the arrests of officials and ex-officials from the global soccer governing body as well as various marketing executives. Visa was particularly strong in calling on FIFA to take “immediate steps” to clean itself up. “Should FIFA fail to do so, we have informed them that we will reassess our… Keep reading →

SAN FRANCISCO, CA - OCTOBER 31:  A sign is posted at a Shell gas station on October 31, 2013 in San Francisco, California.  Royal Dutch Shell reported a 32% decline in third quarter profits with earnings of $4.5 billion compared to $6.5 billion one year ago.  (Photo by Justin Sullivan/Getty Images)

Just a month after oil major Royal Dutch Shell announced that it would acquire BG Group, the UK’s third largest energy company, for $70 billion in cash and stock, making it the biggest energy deal in a decade, Shell’s CEO Ben Van Beurden was off to China to convince regulators there that the deal did… Keep reading →

Paks nuclear power plant

Everyone knows how Europe’s dependence on Russian natural gas has been a complicating factor (to say the least) for Western political leaders in their reaction to Vladimir Putin’s Ukrainian adventures. And now energy analysts are seeing the Russian president lining up similar leverage with nuclear power, in Eastern Europe and beyond. “Gazprom cutting Ukraine’s energy just… Keep reading →

Russia's Gas Monopoly Gazprom Headquarters

The gusher of liquefied natural gas ready to set sail on the world market in the next five years creates challenges for traditional gas suppliers, Russia’s Gazprom among them. State-owned Gazprom is Europe’s biggest natural gas supplier, and it has turned east to China in recent years for new growth and a rival market to… Keep reading →

U.S. Military Makes Preparations

At the next Arctic Council Ministerial Meeting held in Iqaluit, Nunavut (Canada) on 24-25 April 2015, the US will take over chairmanship of the Arctic Council from Canada for the next two years until May 2017. This comes at a time of unprecedented geopolitical volatility and tension – at least since the end of the Cold… Keep reading →

<> on March 11, 2015 in Donetsk, Ukraine.

The next winter is approaching fast in natural gas terms. While temperatures are slowly rising in the Northern Hemisphere and the cherry blossoms around the Tidal Basin in Washington, DC hit peak bloom over the weekend, across the pond the EU Commission kicked off a fresh series of trilateral gas talks between Russia, the Ukraine… Keep reading →

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Following on this week’s post on increased domestic energy production that is backing out imports, we see that the U.S. remained No. 1 in the world in the production of petroleum and natural gas hydrocarbons last year, according to the U.S. Energy Information Administration (EIA). The government agency responsible for quantifying all things energy says that… Keep reading →

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Western economic sanctions against Russian oil and energy interests are steadily playing out, this time affecting French oil major Total S.A.’s ability to finance part of the $27 billion Yamal liquefied natural gas (LNG) project in the Russian Arctic. Reports broke toward the end of last week that Total will seek as much as $15… Keep reading →

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