The EU’s long term goal regarding energy security is to become independent from one single gas supplier, increasing competition by having diverse energy suppliers. For these reasons, the EU promotes the Southern Gas Corridor, a strategically important gas value-chain passing through Azerbaijan, Georgia, Turkey, Greece, and Albania, linking Caspian gas to Europe.

The European Union is looking for alternative gas supply sources as a result of Russian involvement in the Ukrainian crisis and it now seems that it may be looking towards Iran to fulfil this need.

Liquefied natural gas projects in Africa, Canada and Australia face delays or even cancellation as global demand growth slows and U.S. output increases, according to Goldman Sachs Corp.

At another time or in a different place, the oil and gas field ExxonMobil has discovered in the Russian Arctic would have been a cause for jubilation at its Texas headquarters.

In the wake of an energy overhaul that ends Mexico's state oil monopoly, a new exploration and production company was born with the name Sierra Oil & Gas, which Chief Executive Ivan Sandrea says already has a wealth of global expertise.

Aker Solutions started trading on the Oslo stock exchange as a leaner and more streamlined company that will build on its strengths in the subsea and field design markets.

The US is overtaking Saudi Arabia to become the world’s largest producer of liquid petroleum, in a sign of how its booming oil production has reshaped the energy sector.

German Chancellor Angela Merkel said on Monday there were good reasons to continue the European Union's energy partnership with Russia for the time being but that might change if Moscow continues to violate basic principles.

Hungarian oil group MOL is reasonably confident that its crude supplies from Russia will not be disrupted by the Ukraine conflict because its Russian partners are reputable companies, the head of its downstream business said.

LNG investments could soon increase as the fuel could soon benefit from a rising demand for gas from the transport sector.