The Finnish government announced on Thursday that it would invest up to 850 million euros to ensure sufficient energy supplies and move away from reliance on Russian energy, Reuters reported.
Despite Russia's war in Ukraine and the addition of new sanctions, Sokol crude shipments from the Far East have sold out for next month, proving that the pariah nation continues to find buyers.
Shell announced that it will write off up to $5 billion after announcing its decision to exit Russia.
ExxonMobil has suspended its liquefied natural gas project in Russia's Far East after the company announced plans to leave the country following Western sanctions.
Throughout Europe, natural gas prices are fluctuating as supply fears intensify alongside calls for further sanctions against Russia.
Lithuania announced that it will not import the Russian gas any more to meet its domestic needs.
Slovakia's Economy Minister Richard Sulik said that his country is exerting a lot of effort into cutting its energy reliance on Russia, with increased liquefied natural gas (LNG) deliveries as an option, Reuters r ...
South Korean naphtha cracker operators are willing to stop importing Russian petrochemical products after receiving the last deliveries from existing contracts this month due to its invasion of Ukraine.
China's Sinopec suspended discussions for a gas marketing venture and petrochemical investment in Russia.
French President Emmanuel Macron stated there are no reasons to give in to President Vladimir Putin’s demands to pay for Russian gas in roubles.
