U.S. LNG Exports to Europe on Track to Surpass Biden Promise
When U.S. President Joe Biden promised European leaders in March that he would help secure new supplies of liquefied natural gas to offset shortages from Russia’s invasion of Ukraine, his pledge was greeted with skepticism.After all, the U.S. LNG industry was already hitting its export…
Cheniere Asks Biden Admin to Drop Pollution Rule
Cheniere Energy Inc has asked the Biden administration to exempt it from limits on emissions of cancer-causing pollutants, arguing they would force the top U.S. exporter of liquefied natural gas to shut for an extended period and endanger the country's efforts to ramp up supplies to Europe…
China's CEFC Investigation Hits $9 billion Russian Oil Deal
Chinese conglomerate CEFC had already started paying for a stake in Russian oil giant Rosneft when the economic crime police took its chairman Ye Jianming away, halting the $9.1 billion deal in its tracks, according to three sources close to the matter. The fate of the deal, one of the largest Chinese investments in Russia…
Eni Strengthens Renewable Energy Ties with Sonatrach
Italian oil and gas group Eni said on Monday it had agreed a deal with Algeria's state-owned energy group Sonatrach to strengthen their renewable energy partnership in the country. Eni said in a statement a Memorandum of Understanding (MoU)signed by the two companies aimed at pinpointing…
Senate Panel Questions Trump's EPA Pick Over Energy Ties
Democratic Senators quizzed Oklahoma Attorney General Scott Pruitt, President-elect Donald Trump's choice to lead the Environmental Protection Agency, over his energy industry ties, during a contentious confirmation hearing on Wednesday that was occasionally interrupted by protests.
India Pays part of Iran Oil Dues ahead of Modi Visit
Indian refiners have cleared part of the $6.4 billion owed to Iran for crude oil imports in euros through Turkey's Halkbank, three sources privy to the payment said on Saturday. This is the first payment to Iran by India since the lifting of Western sanctions against the Persian Gulf…
Iran Wants Closer Energy Ties with Russia, Iraq and Vens
Iran calls for closer ties with Russia, Iraq and Venezuela on energy issues, RIA news agency quoted Ali Akbar Velayati, a top advisor to Supreme Leader Ayatollah Ali Khamenei, as saying on Wednesday. "In the energy sector, Iran and Russia should feel no rivalry and must cooperate with each other," he said during a visit to Moscow.
Nord Stream 2 Backers Must Explain Project Better
The consortium behind the proposed Nord Stream 2 expansion that would boost Russian gas supplies to Europe needs to do a better job easing fears the project will dent the region's energy security, a member of the consortium said on Wednesday. In September, Gazprom formed a consortium with E.ON…
Russia's Putin and Venezuela's Maduro Discuss Energy Ties
Russian President Vladimir Putin had a telephone conversation with his Venezuelan counterpart Nicolas Maduro, the Kremlin said on Friday. The two leaders discussed bilateral relations including in the energy sector, the Kremlin said. (Reporting By Jason Bush)
Putin to Discuss Energy with Iraqi PM in Moscow
Russian President Vladimir Putin will host Iraqi Prime Minister Haidar al-Abadi in Moscow on Thursday to discuss ways to strengthen energy ties, the Kremlin said on Monday. Oil and gas sales account for about half of Russia's state budget revenues. The oil price has fallen sharply from a June 2014 level of $115 per barrel…
France, China to Push Currency, Energy Ties
France and China will work together to promote the international role of the euro and the Chinese currency, and also beef up their cooperation in the nuclear power and uranium mining sectors, China Vice Premier Ma Kai said on Monday. "Both parties agree to boost cooperation ... notably in nuclear…
A stronger Canadian Dollar in the Pipeline?
Over time, the Canadian dollar might prove to be a winner from the conflict in Ukraine, which has highlighted the European Union's reliance on energy supplies from Russia. Canada is a potential provider of oil and gas to Europe from its western provinces, and considerable investment…
Dutch Review Energy Ties with Russia After MH17 Crash
The Netherlands is reviewing its extensive energy ties with Russia after the shooting down of Malaysian Airlines flight MH17 in eastern Ukraine a month ago in an attack that killed nearly 200 Dutch nationals, officials and analysts said. Successive Dutch governments boosted political and economic ties with Russia…
Russia-China Gas Deal Still Leaves Door Open To Japan
For once, China looks to have done Japan a favour. In clinching a $400 billion deal last month to buy Russian gas, China may end up helping out its old political and economic rival in a way that matters hugely for Japan - energy security. The China-Russia agreement, the biggest gas deal ever…
Putin Sees No Need To Sanction West, May Review Energy Ties
Russian President Vladimir Putin said on Tuesday that Moscow saw no need for counter sanctions against the West, but could reconsider the participation of Western companies in its economy, including energy projects. "We would very much wish not to resort to any measures in response.
