EU imported more fossil fuel from Russia than India

External Affairs Minister S Jaishankar has said that Europe has imported six times the fossil fuel energy from Russia than India has done since February 2022 and if a $60,000-per-capita society feels it needs to look after itself, “they should not expect a $2,000-per-capita society to take a hit.” A New York Times report titled

Green hydrogen the fuel of the future has a disadvantage too

Made exclusively with renewable power, green hydrogen is emerging as a promising alternative to polluting fossil fuels. But this much-touted fuel of the future may have a pitfall. Some scientists say the lack of data on leaks and the potential harm they could cause is a blind spot for the nascent industry. At least four

Russia burns off millions of dollars in gas

Russia is burning an estimated $10 million worth of natural gas a day near its border with Finland, even as it threatens to push Europe into a winter energy crisis by restricting exports to Germany and other countries. According to analysis of heat levels and satellite data by Rystad Energy, State gas giant Gazprom is

JERA signs new deal with Russia for LNG deliveries

Japan’s JERA has signed a deal with the new operator of the Sakhalin-2 energy project in Russia to maintain long-term deliveries of liquefied natural gas (LNG). Russian President Vladimir Putin signed a decree in June taking charge of the project, creating a new legal entity to deal with for buyers and shareholders, which include Shell

Russia defaults on gas supplies to GAIL

Russia has defaulted on the supply of at least 5 cargoes or shiploads of LNG to India after its retaliatory sanctions hit one of the companies that supply gas to India. India’s largest gas firm GAIL has a long-term deal to import 2.85 million tonnes of liquefied natural gas (LNG) per annum from a Singapore-based

Gas flows to Europe from Russia drops in June

Russian gas flows to Europe dropped to new lows in June after Gazprom slashed supply via the Nord Stream pipeline. The pipeline was cut off cut off to more buyers over a ruble payment dispute. Russian pipeline exports to Europe in June via its main operational corridors — Nord Stream, Ukraine and the TurkStream string

Oil exports from Russia increased by 12% in 2022

According to Deputy Prime Minister Alexander Novak, Russian oil exports grew by 12% in the first five months of 2022, as demand persists, despite Western sanctions reducing oil exports to Europe. He added that the increase is linked to lower refining volumes and the reconfiguration of refineries in Russia. Sanctions against Russia include a US

Biden using oil reserves to regulate gas prices

President Joe Biden ordered the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months, a bid to control energy prices that have spiked after the United States and allies imposed steep sanctions on Russia over its invasion of Ukraine. The president said it was not known

Gazprom seeks gas payments in euros from GAIL

Gazprom has asked India’s largest gas transmitter GAIL (India) to pay for gas imports in euros instead of dollars, two sources said, in a sign the Russian energy giant seeks to wean itself away from the U.S. currency in the wake of the Ukraine conflict. European countries and the United States have imposed heavy sanctions

Cutting oil demand can hurt Russia: IEA

Responding to Russia’s invasion of Ukraine, the International Energy Agency (IEA) unveiled a 10-point plan recently to slash oil demand in developed economies by about 2.7 million barrels a day within four months. Reducing demand will make it a lot easier to impose tough sanctions on Russian exports, but the proposals also serve the longer-term