October 2014

Russia cut natural gas supplies to European Union member Slovakia by 50% Wednesday, Moscow's latest and most significant reduction in energy supplies to an EU country that is helping Ukraine build gas supplies ahead of winter.

A cat and mouse game is on between Europe and Russia over gas supplies as the continent switches into the winter heating season.

What does the energy future hold for Europe amid the Ukraine crisis? Can the US LNG and shale gas become alternative for the Russian Gazprom gas in Europe? Is Russia to play the Gazprom card on the continent during the approaching heating season?

It was agreed to load Blue Stream with Russian natural gas to full capacity as soon as possible in order to satisfy the growing demand of Turkish consumers.

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.

U.S. oil exports are set to surpass a record held since 1957 as traders find ways around a four-decade ban on supplies leaving the country.

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.