Category: russian gas

United States Was Top Exporter of Liquefied Natural Gas, Mostly to Europe, During First Half of 2022

The United States was the top exporter of liquefied natural gas (LNG) during the first half of 2022, the U.S. Energy Information Administration (EIA) said in a July 25 report. In the first six months of the year, U.S. LNG exports rose by 12 percent to an average of 11.2 billion cubic feet per day (Bcf/d) compared…


European Union Announces Compromise Gas Curbs Amid Russia Supply Cuts

The European Union (EU) has announced a “voluntary reduction” of natural gas demand by 15 percent this winter in an effort to boost the region’s energy supply security while providing exemptions to nations that may not be able to meet the target. The aim of the demand reduction is to save enough gas ahead of…


LIVE 5 PM ET: Biden ‘Doing Well’ After Positive COVID-19 Test; ECB Hikes Rates, 1st in 11 Years | NTD Business

President Biden tested positive for COVID-19 today, but he assures Americans he’s doing well and getting work done. The European Central Bank is raising interest rates for the first time in over a decade, reversing years of loose monetary policy. HSBC bank could be the first-ever foreign lender to directly employ members of the Chinese Communist…


LIVE NOW: Biden ‘Doing Well’ After Positive COVID-19 Test; ECB Hikes Rates, 1st in 11 Years | NTD Business

President Joe Biden tested positive for COVID-19 Thursday, but he assures Americans he’s doing well and getting work done. The European Central Bank is raising interest rates for the first time in over a decade, reversing years of loose monetary policy. HSBC bank could be the first-ever foreign lender to directly employ members of the Chinese…


Biden ‘Doing Well’ After Positive COVID-19 Test; ECB Hikes Rates, 1st in 11 Years | NTD Business

President Joe Biden tested positive for COVID-19 Thursday, but he assures Americans he’s doing well and getting work done. The European Central Bank is raising interest rates for the first time in over a decade, reversing years of loose monetary policy. HSBC bank could be the first-ever foreign lender to directly employ members of the Chinese…


Austria Reviving Coal-Fired Power Plants as Safeguard Against Reduced Russian Gas Supply

The Austrian government has decided to use coal power to produce electricity in case curtailed Russian gas supply creates an energy emergency in the nation. “The federal government and the energy group VERBUND have agreed to convert the Mellach (Styria) district heating power plant, which is currently shut down, so that in an emergency it…


Excess Gas Drives Down Prices in UK, Even as Prices Across Europe Rise

An unprecedented supply glut of liquefied natural gas (LNG) has driven down wholesale gas prices in the United Kingdom to low levels, while across the English Channel, Europe struggles with high gas prices. Britain’s terminals are receiving LNG cargoes intended to be transported to Europe through subsea pipelines. However, “the rate of LNG imports has…


EU May Allow Gas Payments Under New Russian Ruble Exchange Decree Without Breaching Sanctions

The European Commission sent new guidance to its member states on April 21, admitting that it “appears possible” for European buyers of Russian gas to pay according to the terms of Moscow’s decree on ruble conversion without violating international sanctions. Many European countries in the Euro bloc are heavily dependent on 40 percent of their…


Lithuania Ceases All Russian Gas Imports

Lithuania has stopped all Russian gas imports, becoming the first country in the European Union to do so. The country’s gas transmission system has been operating without Russian gas imports since the start of the month, the Lithuanian Energy Ministry stated on April 2. Minister of Energy Dainius Kreivys said that Lithuania is the first EU…


Kremlin Says Britain Won’t Get Any Russian Gas Due to Sanctions

The Kremlin has said that London’s sanctions of Moscow’s Gazprombank, through which payments are to be made under Russian President Vladimir Putin’s rubles-for-gas scheme, mean that Great Britain won’t be able to buy Russian gas. Kremlin spokesperson Dmitry Peskov told Russian state-backed news agency Tass on Saturday that British sanctions against Gazprombank mean that the…