Russia | Egypt Oil & Gas - Part 8

European Gas Moves Forward As EU Considers New Sanctions Against Russia

Throughout Europe, natural gas prices are fluctuating as supply fears intensify alongside calls for further sanctions against Russia.

Lithuania Achieves Energy Independence From Russian Gas Supplies 

Lithuania announced that it will not import the Russian gas any more to meet its domestic needs.

Slovakia Working Hard to Stop Its Energy Imports From Russia

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 Korea to Stop Importing Russian Naphtha 

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.

Sinopec Halts Project in Russia

China's Sinopec suspended discussions for a gas marketing venture and petrochemical investment in Russia.

Macron Denies Russian Demand to Pay for Russian Gas in Roubles

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.

ExxonMobil Intensely Working Through Options for Exiting Russian Venture

ExxonMobil is currently working through options on how to proceed to withdraw from its Russian venture.

Chevron Examines State of Black Sea Export Terminal in Russia

US oil giant Chevron stated that it is currently in the process of assessing the state of a Black Sea port’s export terminal after Russian claims that it may have faced storm damage, according to Reuters. 

Italy to Install Two FSRUs to Boost LNG Imports

Italian Minister of Energy Transition Roberto Cingolani announced that his country intends to install two floating storage and regasification units (FSRU) seeking to increase liquefied natural gas (LNG) imports wi ...

Eneos Halts Russian Crude Purchases

Eneos Chairman Tsutomu Sugimori announced that his company has halted purchasing Russian crude oil after the invasion of Ukraine.

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