Russia & CIS
Japan to Release 7.5 MMbbl of Oil Reserves in IEA-led Global Action
The volume makes up 12.5% of a planned coordinated release of 60 MMbbl of oil reserves that the U.S. and other members of the IEA agreed to compensate for supply disruptions following Russia's invasion of Ukraine.
Nord Stream 1 Says Gas Supplies to Europe Via Pipeline Continue
The operator of the operational Nord Stream 1 undersea gas pipeline from Russia to Germany said that transportation of natural gas to Europe was continuing normally.
Europe Must Urgently Cut Dependence on Russian Gas, Portugal Says
Europe must urgently diversify its natural gas supply sources to reduce its dependence on Russia, Portugal's energy secretary of state said, pointing to alternatives such as the U.S. and Qatar.
German Chancellor: It was the Right Time to Halt Nord Stream 2
The halt of the Nord Stream 2 gas pipeline, which was supposed to bring additional gas from Russia to Germany, came at exactly the right time, German Chancellor Olaf Scholz said.
US Natgas Futures Ease with Drop in Global Oil, Gas Prices
The U.S. market continued its three-day streak of following sharp moves in European gas and global oil prices with the Russia-Ukraine conflict stoking energy supply concerns.
Russian Gas Flows Via Yamal Pipeline to Germany Halt, Bids Remain
Russian gas accounts for some 40% of European gas demand, while the Yamal-Europe pipeline usually accounts for about 15% of Russia's westbound supply of gas to Europe and Turkey.
Wintershall Dea Stops Payments to Russia, Writes Off $1.1 Billion Nord Stream 2 Loan
Wintershall Dea will stop payments to Russia and write off its 1 billion euro ($1.1 billion) financing in the Nord Stream 2 gas pipeline, which was suspended last week.
Sanctions on Russian Energy 'On the Table' - But Not Just Yet, US Says
The United States is open to imposing sanctions on Russia's oil and gas industry but going after its exports now could help Moscow, the White House said.
Exxon to Exit Russia, Leaving $4 Billion in Assets
The decision will see Exxon pull out of managing large oil and gas production facilities in Russia's Far East and puts the fate of a proposed multibillion-dollar LNG facility there in doubt.
Nord Stream 2 AG Says Its Mobile, Fixed Network Lines Not Reachable, Shuts Website
The operator of the Russian Nord Stream 2 gas pipeline said its mobile and fixed network lines were not reachable for the time being and it had shut down its website amid hacking attacks.
Italy's Eni to Sell Stake in Blue Stream Pipeline Co-owned with Gazprom
Italian energy group Eni said it planned to sell its stake in the Blue Stream pipeline carrying Russian gas to Turkey that it co-owns with Russia's Gazprom.
Nord Stream 2 Owner Considers Insolvency After Pipeline Halt, Sanctions
The Swiss-based company is considering filing for insolvency as it attempts to settle claims ahead of a U.S. sanction deadline for other entities to stop dealings with it.
Ukraine’s Oil and Gas Industry Supplies Only a Small Part of the Country’s Needs
Two major pipeline systems carry Russian gas through Ukraine to Western Europe. The Bratstvo pipeline crosses from Ukraine to Slovakia and the Soyuz pipeline links Russia’s pipelines to natural gas networks in central Asia.
Shell to End Involvement with Nord Stream 2 Following Ukraine Invasion
Shell will also end its relationship with the flagship Sakhalin 2 LNG plant in which it holds a 27.5% stake, and which is 50% owned and operated by Russian gas giant Gazprom.
Germany Winding Down Sanctions-Busting Pipeline Foundation
The commercial arm of the foundation was run by an individual appointed by Nord Stream 2 AG, whose identity is not known, and its operations were and remain a secret, despite being housed within a public foundation.
BP Dumping Stake in Russia's Rosneft in Up to $25 Billion Hit
BP is abandoning its stake in Russian oil giant Rosneft, marking the most significant move yet by a Western company in response to Moscow's invasion of Ukraine.
Ukraine: Russian Troops Blow Up Gas Pipeline in Kharkiv
Ukraine said Russian troops have blown up a natural gas pipeline in the Ukrainian city of Kharkiv, but Gazprom says flows to Europe are unaffected.
Yamal-Europe Gas Pipeline Reverses After Some Westbound Flows
Russia's Yamal-Europe gas pipeline switched back into reverse mode on Sunday morning, resuming supplies from Germany to Poland after short intermittent westbound flows overnight, data from German network operator Gascade showed.
US Slaps Sanctions on Company Building Nord Stream 2
President Joe Biden said on Wednesday the United States would impose sanctions on the company in charge of building Russia's Nord Stream 2 gas pipeline, expanding penalties on Moscow after it recognized two breakaway regions in eastern Ukraine.
Qatar: 'Almost Impossible' to Quickly Replace Russian Gas Supplies
Neither Qatar nor any other single country has the capacity to replace Russian gas supplies to Europe with LNG in the event of disruption due to a conflict between Russia and Ukraine, Qatar's energy minister said on Tuesday.
Factbox: Europe's Options in Case of Russian Gas Disruption
Europe relies on Russia for around 40% of its natural gas. What are the region's options in the event that Russian gas deliveries are suspended or pipeline flows are impacted by war damage?
Germany Freezes Nord Stream 2 Gas Project as Ukraine Crisis Deepens
The pipeline had been set to ease the pressure on European consumers facing record energy prices amid a post-pandemic cost of living crisis, and on governments that have already forked out billions to try to cushion the impact on consumers.
Russian Gas Exports to Europe Unaffected by Ukraine Pipeline Blast
Russian gas supplies to Europe were not affected after part of a gas pipeline near Luhansk in eastern Ukraine caught fire late on Friday, a Ukrainian gas official said.
Russia Ready to Re-Route Gas Flows if Hit by Sanctions
Russia would be ready to re-route supplies to other markets should new Western sanctions target its energy sector, finance minister Anton Siluanov said on Wednesday.
EU Likely to Intensify Fact-Finding on Gazprom - Source
EU antitrust regulators are likely to intensify information gathering on Gazprom's European businesses, said a person familiar with the regulator's thinking, amid Europe's gas supply crisis.
Austria Resists Including Nord Stream 2 in EU Package of Russia Sanctions
Austria is sticking with its opposition to including the Nord Stream 2 gas pipeline in a package of sanctions against Moscow that the European Union is preparing in the event Russia invades Ukraine, Foreign Minister Alexander Schallenberg said.
How German Fund Set Out to Help Russia Dodge Pipeline Sanctions
A German politician set up a state-backed foundation with Russian energy company Gazprom last year to help Moscow avoid U.S. sanctions on a pipeline due to carry Russian gas to Europe.
Czech Minister: Putin Gave Europe 'Gift' as Gas Crisis Showed Alternatives Exist
LNG shipments to Europe late last year showed Russia could not use gas as great leverage over Europe, and the gas shortfall supported efforts to build more LNG capacity on European shores, Czech Foreign Minister Jan Lipavsky said on Wednesday.
Japan to Divert LNG to Europe Amid Russia-Ukraine Tensions
Japan will divert some LNG cargoes to Europe after requests from the United States and the European Union, the industry minister said on Wednesday, a step that aligns the country with the West as tensions flare with Russia.
Russia May Use Field Hit by U.S. sanctions for Gas Exports to China
Russian gas giant Gazprom may tap a field hit by U.S. sanctions off the Pacific island of Sakhalin to provide China with gas under a recently signed deal, sources and analysts said on Tuesday.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
