2024-06-05 06:50:00
RUSSIAN LNG FOR EUROPE
BLOOMBERG - May 28, 2024 - Germany is calling for the European Union to do more to curtail the last 20% of Russian energy imports still coming to the bloc’s shores ahead of a meeting of ministers in Brussels this week.
Europe’s top economy, along with the Czech Republic, is asking the bloc to set up a high-level working group to identify ways to phase out the remaining Russian gas supplies — including liquefied natural gas — as well as oil and nuclear material still coming to Europe, according to a letter seen by Bloomberg News.
The bloc’s energy ministers are due to meet Thursday to take stock of the so-called REPowerEU plan put in place after the invasion of Ukraine to cut back dependence on energy supplies from Moscow.
“For the sake of our energy sovereignty and security, we must continue to systematically reduce imports of gas, oil, and also radioactive material from Russia,” the letter from German Economy Minister Robert Habeck and Czech Trade Minister Jozef Sikela to Belgium’s Energy Minister Tinne van der Straeten said. Brussels holds the rotating presidency of the EU.
While the EU has managed to cut energy imports from what was once its biggest supplier by 80% since Vladimir Putin’s attack, many countries in the bloc remain reliant on Russian gas as well as radioactive material to fuel nuclear power stations. With piped gas supplies cut off after the war, imports of LNG from Moscow increased to around 18 billion cubic meters in 2023 from less than 14 billion cubic meters before the attack, according to EU data.
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Earlier:
2024, May, 15, 06:45:00
RUSSIAN ARCTIC COOPERATION
Relations between Russia and Western nations have been in the deep freeze since Moscow's full-scale invasion of Ukraine in February 2022, but Norway has been keen to keep some limited cooperation alive through the Arctic Council.
2024, May, 7, 06:45:00
RUSSIAN DEMOGRAPHIC, ENERGY PROBLEMS
This problem isn’t entirely new — Russia has faced a shrinking working-age population for almost two decades.
2024, April, 12, 06:35:00
RUSSIA'S REVENUE UP
Russia observed “sustained positive dynamics” in the flow of money to the federal budget, according to a Finance Ministry statement on Monday. Revenues for the three months through March amounted to 8.7 trillion rubles ($94 billion), an increase of 53.5% compared with the same period last year, data from the ministry showed.
2024, February, 26, 06:40:00
RUSSIAN GAS FOR GERMANY
SEFE’s trading of Russian LNG is controversial in Berlin, where lawmakers have urged the company to sever its links with Moscow. Germany opposes LNG imports from Russia, though it hasn’t banned them.
2024, February, 20, 06:50:00
RUSSIAN ENERGY SANCTIONS 2024
The International Working Group on Russian Sanctions aims to provide expertise and experience to governments and companies around the world by assisting with the formulation of sanctions proposals that will increase the cost to Russia of invading Ukraine
2024, February, 7, 06:45:00
RUSSIAN ARCTIC LNG FOR JAPAN
JOGMEC's fulfillment of the loan guarantee, however, does not mean the end of JARC's participation with a 10% stake in the Arctic LNG 2 project, a JOGMEC official said Feb. 5, adding that the relevant Japanese parties will carefully respond while ascertaining sanctions developments.
2024, January, 18, 06:55:00
RUSSIA'S SLOW LNG
Russia has delivered the first drop of liquefied natural gas (LNG) from its heavily sanctioned flagship project, Arctic LNG-2.
