The EU says its sanctions are meant to cut Moscow revenues and access to technology used in war.

Europe’s appetite for new LNG projects is pushing the continent to boost its import capacity by one-third, but the mismatch between future LNG demand and import facilities might result in 200-250 billion cubic metres (bcm) of unused capacity by 2030.

The stricter guidelines come as the outlook darkens for limiting global temperature increases to around 1.5C, with a lack of financing for greener projects a key hurdle.

Two camps, one led by Germany and the other by France, are fighting it out, each with a blocking minority on a specific point: Should low-carbon hydrogen be taken into account when measuring the efforts of member states to reach the target of 45% of renewables in their energy mix by 2030?

Germany suffered the most among EU member states from the Russian supply curtailments, with a number of buyers forced to buy expensive gas on the open market to make up for the Russian shortfall.

"Every politician knows who blew up Nord Stream, but hypocritically keeps quiet," says Vucic.

A total of 529.2 billion cubic meters of gas were added to natural gas reserves in the course of geological exploration in 2022. This means that gas reserve addition rates have been surpassing gas production rates for as many as 18 consecutive years (with the 2022 production rates standing at 412.6 billion cubic meters of gas).

Preliminary production figures for February 2023 show an average daily production of 1 994 000 barrels of oil, NGL and condensate.

Энергетический сектор по-прежнему сталкивается с новыми вызовами, и нынешняя геополитическая ситуация негативно сказывается на мировых энергетических рынках.

As the EU pushes more broadly to bolster clean energy, it’s also responding to concerns that green industries could emigrate to the US and China, with the price that Europe pays for its energy a driving factor.

U.S. LNG exports will average 12.1 billion cubic feet per day (Bcf/d) in 2023, a 14% (1.5 Bcf/d) increase compared with last year. We expect LNG exports to increase by an additional 5% (0.7 Bcf/d) next year.

Стратегической задачей и будущим для нашего экспорта газа является развитие производства СПГ, которое в среднесрочной перспективе должно достигнуть не менее 100 млн т в год.

The Brent crude oil spot price will fall from an average of $84/b in the second quarter of 2023 (2Q23) to $81/b in 4Q23 and then average $78/b in 2024.

China's apparent gas consumption was 366.3 billion cubic metres in 2022, down 1.7% from the previous year, data from the country's National Development and Reform Commission showed.

Отдельное внимание Министры уделили реализации программы по формированию объединённого рынка газа Союзного государства.