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Tag Archives: energy

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Europe is committing energy suicide – Russian oil chief

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 …

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Serbia secures energy deal with Russia

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 …

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US allows energy transactions with sanctioned Russian banks

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, …

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European energy crisis will only get worse – Medvedev

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 …

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US admits Russia’s energy revenue increased after sanctions

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. …

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Biden declares US energy emergency

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 …

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Britain looks to head off energy crisis

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 …

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