August 2022, Vol. 249, No. 8

Features

Midyear International Update: Midstream Steps Up as Europe Pivots from Russian Energy

By Jeff Awalt, Executive Editor  (P&GJ) — Six months into Russia’s war on Ukraine, a global oil and gas supply squeeze has been further tightened by sanctions on the world’s largest energy exporter, sending power and fuel prices soaring.   A weakening economic outlook has done little to alleviate a global energy crisis driven by a shortage of supply and a post-pandemic demand rebound.  Low inventories, cautious capital spending by Western energy companies, and limited spare capacity among OPEC+ producers has deepened the impact of oil supply constraints via sanctions on Russia.  Europe, which relied on Russia for 45% of its natural gas supply in 2021, was on the verge of power ration

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Pipeline & Gas Journal magazine.

2) Start your full access subscription to Pipeline & Gas Journal and gain UNLIMITED access to this article, the current issue, all past issues in the technical archive, access to all special reports, special focus supplements and more. Pricing start at $395/year.   

*Access will be granted the next business day.

 

Related Articles

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}