Russia | Egypt Oil & Gas - Part 6
Russia’s New Gas Halt Worsens the Energy Crisis in Europe
Russia cut off gas shipments along Europe’s main supply route, worsening an economic standoff between Moscow and Brussels and increasing the likelihood of a recession and energy rationing in some of the richest ...
Europe Could Face More Russian Oil, Gas Cuts Due to Pipeline Damage
Europe may have to brace more cuts in energy supplies as oil exports from Kazakhstan through Russia drop once more due to a damaged pipeline system, Reuters reported. CPC, which transports oil from Kazakhstan to inter...
China’s July Coal Imports from Russia Jump 14%
China bought discounted coal while Western nations avoided Russian cargoes due to Russia’s invasion of Ukraine, causing China’s coal imports from Russia to increase by 14% in July from a year earlier to th...
Russia’s Economy Ministry Expects $337.5B in Energy Export Revenue
According to a document from the Russian economy ministry, higher gas export volumes coupled with increasing gas prices will increase Russia’s energy export revenue to $337.5 billion this year, up 38% from 2021,...
Mitsui Close to Decision Regarding New Sakhalin-2 Operator
Japanese trading firm Mitsui & Co is almost ready to make a final decision to join a new Russian operator for the Sakhalin-2 liquefied natural gas (LNG) project, according to Reuters based on a report from Nikkei ...
Saudi Arabia’s Kingdom Holding Pumps Investments into Russian Energy Giants
Saudi Arabia’s Kingdom Holding invested in Russian energy groups Gazprom, Rosneft and Lukoil, Reuters reported. Russian energy companies and their executives have been sanctioned by many Western nations followin...
Japan to Maintain Its Stake in Sakhalin-1 Oil Project
After Russia temporarily banned Western investors from selling shares in key energy projects, Japan’s minister for economy, trade and industry Koichi Hagiuda stated that the country intends to keep a stake in th...
Siemens Energy Issues a Net Loss Warning due to Russia Restructuring
Siemens Energy, a company that provides equipment to the power sector, issued a warning that its net loss in 2022 would be greater than originally anticipated, based on a charge of about EUR 200 million related to the...
