The Ecuadorian Ministry of Energy and Mines has announced a US$42bn investment plan to boost oil production, natural gas and the country's energy infrastructure over the 2025-2029 period.

New US President Donald Trump has declared a national energy emergency, announced the country's withdrawal from the Paris Agreement, and named cabinet-level appointees including new heads of the Department of Energy and the US Nuclear Regulatory Commission.

While Europe has managed to diversify its supplies since the energy crisis three years ago, this heating season has served as a reminder of the region’s vulnerability, especially given its growing reliance on volatile LNG flows.

“The Department of State’s designations aim to reduce Russia’s oil and natural gas revenue through sanctions on operators of significant Russian crude oil production and liquified natural gas projects. We are designating the chief executive officer and members of State Atomic Energy Corporation Rosatom’s (Rosatom),” according to a State Department Fact Sheet.

Ожидаемый объем дополнительных нефтегазовых доходов федерального бюджета прогнозируется в январе 2025 года в размере 80,3 млрд руб.

While Europe has managed to diversify its energy supplies since the 2022 crisis — making a phaseout of Russia’s fuel potentially less challenging — this winter has served as a reminder that the region remains vulnerable.

Consequently, Russia will increasingly rely on China and boost energy exports, particularly crude oil and natural gas, in 2025,

Following five years of stagnation, Germany’s economy is now 5% smaller than it would have been if the pre-pandemic growth trend had been maintained.

Our forecast Henry Hub natural gas spot price: Nov. 2024 average: ~$2.10/MMBtu Rest of winter average: ~$3.00/MMBtu

Europe was not yet out of an energy crisis that began with Russia's invasion of Ukraine in 2022.

Стороны обсудили вопросы развития двусторонних торгово-экономических отношений, а также условия поставок энергоносителей из России в Венгрию.

На встрече обсуждались приоритетные вопросы двустороннего сотрудничества, включая проекты по поставке железнодорожных вагонов в Египет и строительству атомной электростанции «Пакш-2» в Венгрии.

Gazprom, opens new tab said it would send 42.4 million cubic metres of gas to Europe via Ukraine on Thursday, the same volume it has shipped each day since Nov. 12.

The sanctions, however, made exemptions for transactions related to the Sakhalin-2 oil and gas project in Russia's far east until June 28, 2025, according to an updated general license published by the treasury department.

The five projects represent a total investment of SAR35bn (US$9.3bn) and align with Saudi Vision 2030 goals to achieve a balanced energy mix with 50% renewables and 50% gas.