Russia’s state-run energy giant Gazprom said Thursday that gas volumes that could potentially run from Russia to Turkey via the Black Sea may be comparable to that which was previously transported through Baltic pipelines that are no longer working following sabotage to the Nord Stream pipelines Gazprom CEO Alexey Miller made the comments to Russia’s Channel One,…
Russia’s Gazprom Says Black Sea Gas Pipeline Could Replace Volumes Lost to Nord Stream ‘Terrorism’
Norwegian Police Say Threat Against Major Gas Plant Resolved
OSLO—Norwegian police on Thursday responded to a threat made by telephone against the Nyhamna gas processing plant, one of Europe’s largest energy export facilities, and later said the incident had been resolved. The threat came amid heightened concerns about the security of oil and gas infrastructure following suspected sabotage of Russia’s Nord Stream gas pipelines…
Putin Moots Gas Hub in Turkey With Nord Stream Supplies
October 12, 2022
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Business & Marketscrisiseconomic policieseconomyenergyEuropeGasGold and CommoditiesMarketsNordstreamPutinRussiaRussia-Ukraine WarTurkeyUkraineWorld
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MOSCOW—President Vladimir Putin said on Wednesday that Russia could redirect supplies intended for the damaged Nord Stream pipelines to the Black Sea to create a European gas hub in Turkey, or even use the one intact part of Nord Stream 2 to supply the EU. An investigation is under way into explosions last month that…
Diesel Back Above $5, Gas Prices Continue to Rise as ‘Ugly Inflation’ Returns
Gas prices again are on the rise in the United States after months of volatility, and are expected to increase further over the next few weeks as “ugly” inflation returns, industry experts have said. Patrick De Haan, senior energy analyst at Gas Buddy, noted in a statement on Twitter late Sunday that gas prices are up $0.133…
UK Households and Businesses May Face Planned Power Cuts This Winter: National Grid
British households and businesses may suffer from planned blackouts this winter if power plants cannot get enough gas to keep running, the body that oversees Britain’s electricity grid has warned. The National Grid Electricity System Operator (ESO) said on Thursday that the margins between peak demand and power supply this winter are expected to be…
Germany’s ‘Tense’ Gas Situation May Become ‘Very Serious’ If People Continue Using Too Much, Authorities Warn
Germany’s gas situation may become “very serious” if the country does not significantly reduce consumption ahead of winter, the head of Germany’s national network regulator warned Thursday. Federal Network Agency President Klaus Mueller wrote on Twitter that gas consumption in Germany “increased by too much last week,” with German households and small businesses using nearly 10 percent more gas…
Gas Crisis Set to Worsen After Europe Burns Through Winter Stocks
October 6, 2022
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Business & Marketscrisiseconomic policieseconomyenergyEuropeGasGold and CommoditiesinflationMarketsRussiaRussia-Ukraine WarUkraineWorld
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HELSINKI/BRUSSELS—Europe may face an even more acute energy crunch next year after draining its natural gas tanks to get through the cold of this winter, the head of the International Energy Agency said on Wednesday, as the EU looks for ways to ease the crisis. European countries have filled storage tanks to around 90 percent…
Weaker Refining, Gas Trading to Hit Shell’s Third-Quarter Results
LONDON—Shell said on Thursday its third-quarter profit would be pressured by a near halving of oil refining margins, crumbling chemical margins, and weaker natural gas trading. The British energy giant reported two consecutive quarters of record profit in the first half of the year amid soaring oil and gas prices, and stellar earnings from its…
US Refiners Urge Biden Not to Impose Gasoline Export Ban but Instead Focus on Boosting Domestic Energy Production
October 5, 2022
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Business & Marketsdomestic productionenergyexport banGasinflationMarketsPolicies & ImpactsrefinersUSUS News
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U.S. refiners requested the Department of Energy to reconsider a potential natural gas export ban. They explained the intricacies of the natural gas-supply chain and the adverse effects on prices and jobs, as well as the geopolitical implications the country could be forced to endure in such a scenario. “Banning or limiting the export of…
Gazprom Confirms Flows to Italy via Austria Have Resumed
Russia’s Gazprom said on Wednesday that it is resuming transportation of Russian gas to Italy via Austria after the state-controlled energy company held up supplies over the weekend amid regulatory issues. In a statement, the company said that together with the Italian buyers, it had managed to find a solution to gas sales following regulatory changes in Austria…
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