Tag Archives: energy

European states are shooting themselves in the foot by imposing restrictions on Russia, according to Igor Sechin, the head of Russian oil giant Rosneft. “Europe is committing energy suicide by imposing sanctions on Russia,” Sechin said at the St. Petersburg International Economic Forum (SPIEF). “They [European states] lose their identity …

When the leaders of the three leading EU countries – Germany, France, and Italy – took a train to Kiev to meet with President Volodymyr Zelensky, this week, the public show was one of solidarity and support. But there could be much more to the visit than meets the eye.  …

Serbian President Aleksandar Vucic said on Wednesday he has agreed a favorable price for Russian natural gas imports under the terms of a new energy deal. “We agreed with Russian partners on the volumes at the lowest, very low price – from $360 to $410 per 1,000 cubic meters for …

The US Treasury Department on Tuesday issued a general license authorizing energy-related transactions with sanctioned Russian banks through December 5. The previous license was due to expire on June 24. According to the document, published on the department’s website, transactions will be allowed with Vnesheconombank, Otkritie, Sovcombank, Sberbank, VTB, Alfa-Bank, …

Europe is in the grips of an energy crisis and the situation will only get worse as the West attempts to ban Russian energy imports, Russia’s former president Dmitry Medvedev wrote on his Telegram channel on Tuesday. “Of course, our opponents will continue to do everything to cause maximum damage …

The surge in energy prices, which began last year and has been reinforced by Russia’s military action in Ukraine and the “collective West’s” sanctions war against Moscow, has brought the world back to the 1970s. That was a time when stagflation raged – first in Britain and then in other countries …

Russia is now getting more money from its fossil fuel trade than it did before the start of its military operation in Ukraine, which prompted some Western nations to target Moscow with a barrage of sanctions, US Senior Advisor for Global Energy Security Amos Hochstein told American senators on Thursday. …

President Joe Biden has blamed Russia for another crisis, saying the US might not be able to generate enough electricity to meet consumer demand partly because of Moscow’s military offensive against Ukraine. The president declared an energy emergency on Monday, saying national security and quality of life are jeopardized by …

UK authorities are in talks to reopen a key natural gas storage facility to tackle the energy crunch that has gripped the country and the rest of Europe, according to unnamed sources as quoted by Bloomberg. The government and Centrica, a British multinational energy and services company are reportedly discussing …

Denmark has become the fifth country to be cut off from Russian natural gas following the refusal of its biggest power wholesaler Orsted to pay for deliveries in rubles. Supplies to Shell Energy Europe Limited in Germany have also been halted for the same reason, Russian energy giant Gazprom announced …