JRL NEWSWATCH: “Dallas Fed Warns Cutoff of Russian Energy Could Cause Global Recession” – WSJ

Oil Wells file photo, adapted from image at usda.gov

“Downturn appears ‘unavoidable’ if bulk of Russian oil and gas products are off the world markets for the rest of the year, according to a report by the regional Fed bank.” “A sustained halt in Russian energy exports could have a dire effect on the global economy, a report from the Federal Reserve Bank of Dallas said on Tuesday. ‘If […]

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Background Press Call by a Senior Administration Official on Russia Sanctions

Portion of U.S. Treasury Department Building Facade, North Side, with Sculpture of Alexander Hamilton

(The White House – Feb. 22, 2022 – whitehouse.gov/briefing-room/press-briefings/2022/02/22/background-press-call-by-a-senior-administration-official-on-russia-sanctions/) MODERATOR: Thank you. And thanks, everyone, for joining today. So, as a reminder, this call is on background, attributable to a “senior administration official,” and the contents of this call are embargoed until the end of the call. For your awareness but not for reporting, the speaker on the call is […]

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JRL NEWSWATCH: “Russia Standoff Prompts Europe to Enlist U.S. Help Securing Gas” – WSJ

Gas Flame file photo

“With over 40% of the EU’s natural gas supplies under Moscow’s control, officials are scouring the globe for ship loads to redirect.” “… U.S. and European officials are racing to find short-term alternatives to refill depleted [European gas] reserves. More than two-dozen tankers are en route from the U.S. to Europe, lured by high [EU] gas prices …. Another 33 […]

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JRL NEWSWATCH: “Energy Dependence Ties Europe’s Hands in U.S.-Russia Crisis” – WSJ

Gas Flame file photo

“Europe gets almost one-third of its natural gas from Russia, limiting its ability to penalize Moscow.” Europe’s growing dependence on Russian gas and oil is limiting [European] room to maneuver … and making [Europe] highly vulnerable … [if] escalation [occurs in the crisis with Russia]. … Western officials accuse [Russia] of withholding extra supplies in recent months to force European […]

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Fact-Check: Is Russia’s Economy ‘Nuclear Weapons and Oil Wells and Nothing Else,’ as Biden Claimed?

Oil Wells file photo, adapted from image at usda.gov

(Russia Matters – RM Staff – russiamatters.org – Dec. 28, 2021) Incorrect: While hydrocarbons play an outsized role in Moscow’s federal budget and its nuclear weapons may figure in GDP, Russia’s economy is more diverse than that, with oil and gas making up just over 15% of last year’s GDP by one Rosstat estimate. Russia provides other countries with more […]

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JRL NEWSWATCH: “Kremlin penetrates deeper into online world of Russians” – Financial Times

File Image of Laptop Computer, Tables and Mobile Device, adapted from image at energy.gov

“Pressure grows on foreign social media platforms after state-run group’s takeover of Russia’s Facebook.” “The takeover … of VKontakte … by companies tied to … Gazprom has the feel of a final act in a long saga of creeping state control over the company. … [T]he Facebook lookalike’s trajectory has mirrored … the Russian internet … from the freewheeling Ru-net […]

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JRL NEWSWATCH: “Russia Expels Some U.S. Diplomats in Latest Tit-for-Tat Action” – WSJ

File Photo of U.S. Embassy Moscow, with Russian Foreign Ministry Building in Distance

“Russia indicates that the move was in retaliation for Washington’s expulsion of more than 50 Russian diplomats.” “Russia ordered U.S. Embassy staff … in Moscow for more than three years to leave the country by Jan. 31 … [even as] diplomats [will soon] hold talks to address the worsening [U.S.-Russian] relationship …. Foreign ministry officials … indicated that the decision […]

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RUSSIALINK: “Russia’s Gazprom Reports Record Profits as Gas Prices Soar” – Moscow Times

Gas Facility file photo

Europe receives a third of its gas supplies from Russia and has seen energy prices surge to record highs in recent months. (Moscow Times – themoscowtimes.com – Nov. 29, 2021) Russian gas giant Gazprom on Monday said its net income rose to a record 582 billion rubles ($7.8 billion) in the third quarter on the back of soaring gas prices […]

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The Real Reason Russia Isn’t Pumping More Gas

Gas Facility file photo

(Oilprice.com – Alex Kimani – Nov. 15, 2021) While plenty of traders have accused Russia of withholding natural gas from Europe, it is now looking like the natural gas giant simply cannot significantly increase exports Natural gas prices originally fell when Putin promised to open the taps, but prices are climbing again now that Russia is failing to book additional […]

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RUSSIALINK: “Kremlin sees no political motivation behind German regulator’s decision to suspend Nord Stream 2 certification” – Interfax

Dmitry Peskov file photo adapted from image at kremlin.ru/wikimedia commons

MOSCOW. Nov 17 (Interfax) – The Kremlin does not see a political motive behind the German regulator’s decision to suspend certification of Nord Stream 2 until the establishment of a subsidiary of Nord Stream 2 AG to operate the national part of the gas pipeline, Kremlin spokesman Dmitry Peskov said. “Absolutely not,” Peskov told reporters in response to the relevant […]

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Kremlin Lashes Out At West, Defends Troop Movements, As It Boosts Role In Belarus-EU Border Crisis

Map of Belarus and Environs, adapted from images at cia.gov

The Kremlin has vowed to safeguard its borders in the face of actions by countries it accused of trying to “contain” Russia and sought to walk back a Belarusian threat of a cutoff of Russian natural gas to Western markets […]

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JRL NEWSWATCH: “Lukashenko threatens to cut gas supplies to Yamal-Europe gas pipeline if EU imposes new sanctions, promises to send refugees dry firewood” – bne Intellinews

Alyaksandr Lukeshenko file photo, adapted from image at usembassy.gov

“… Lukashenko has threatened to cut off [Belarusian] gas transit to Europe  … shutting down the Yamal-Europe pipeline if the EU imposes new sanctions …. The Yamal-Europe pipeline is part of the northern route that also includes … Nord Stream 1 and 2 … and transits gas from Russia’s Arctic Yamal fields via Belarus to Poland and on to Germany. […]

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JRL NEWSWATCH: “Russia increases gas flows to Europe, pushing down prices” – Reuters

Gas Flame file photo

“… On Tuesday, Russia[‘s] Gazprom … said it had started to refill its European gas storage. … push[ing] down spot prices in the region although analysts said Moscow would have to do more to ease concerns in Europe to lead to a more significant drop in prices. … Gas prices have risen this year because of factors including low gas […]

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Europe Considers Tapping “Cushion Gas” As Market Continues To Tighten

Gas Flame file photo

(Oilprice.com – Tsvetana Paraskova – Nov. 7, 2021) Europe is experiencing the lowest level of gas in storage in a decade just ahead of the winter sent natural gas prices spiking to record highs last month The very tight European gas market may find relief from the supply crunch if it taps part of the so-called cushion gas. Increased Russian […]

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JRL NEWSWATCH: “Why Russian exports hold sway over European and British gas prices” – Reuters/ Susanna Twidale

EU Map adapted from cia.gov image

“Benchmark European gas prices jumped 15% … after a major pipeline … from Russia began sending flows eastwards. … Europe relies on Russia for around 35% of its natural gas[,] [t]he bulk … through pipelines including Yamal … through Belarus and Poland to Germany, Nord Stream … to Germany, and pipelines … through Ukraine. … Last year [Russian] gas exports […]

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Infrastructure in Russia’s Arctic: Environmental Impact and Considerations

File Photo of Arctic Fox Running Across Snow, adapted from image at USGS.gov, with photo credit to Mike Lockart and USGS

(Kennan Institute – wilsoncenter.org/program/kennan-institute – Kennan Cable No. 73 – Thomas Eric Rotnem – Nov. 2021) Professor of Political Science and Associate Director, School of Government and International Affairs, Kennesaw State University In 2007, Russia signaled its commitment to pursue territorial claims in the Arctic by planting a titanium Russian flag on the polar seabed. Now, Russia is moving well […]

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JRL NEWSWATCH: “Nord Stream 2 Is Still Months From Easing Europe’s Gas Woes” – Bloomberg

EU Map adapted from cia.gov image

“… Nord Stream 2 may need a few more months to clear remaining red tape … to help ease Europe’s energy crunch. The Baltic Sea project … has raised concerns over the Kremlin’s control of [European] energy supplies … [It] is complete [but is] … awaiting certification from national and [EU] authorities. … Putin has pledged to step up gas […]

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JRL NEWSWATCH: “Rosneft announces energy transition strategy as climate conference approaches” – bne Intellinews

File Photo of Rosneft and Russian Flags Next to Rosneft Banner

“Oil giant Rosneft announced the creation of a plan to transition to green energy, but also warned that fossil fuels would never fully be replaced.” “Russian state oil major Rosneft is developing a new strategy centred on the transition to renewable energy resources. … [according to] CEO Igor Sechin …. However, … [he] stress[ed] that oil and gas would continue […]

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JRL NEWSWATCH: “Natural Gas Prices Fall on Putin Order for More Russian Exports” – Wall Street Journal

Gas Flame file photo

“The Russian president told the state energy giant to pump more fuel to Germany and Austria to ease a supply crunch.” “… European gas prices are more than five times as high as they were a year ago even after Thursday’s slide, hurting consumers and holding back economies’ post-pandemic recoveries. The continent’s stores of gas [reportedly] are 15% below the […]

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U.S. Official Tells Europe Not To Waive Nord Stream 2 Pipeline Approval Process

Gas Flame file photo

A senior U.S. state department official has warned Europe against bowing to Russian pressure and waiving the lengthy process needed to approve Nord Stream 2, a controversial Baltic Sea natural gas pipeline to Germany […]

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JRL NEWSWATCH: “Putin blames low wind power output for gas crisis” – bne Intellinews

Gas Facility file photo

Russia has been criticized for exacerbating the gas crisis by withholding some supply – whether to put pressure on the EU to allow Nord Stream 2’s launch, or simply to drive up prices […]

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JRL NEWSWATCH: “Europe’s energy crisis highlights dangers of reliance on Russia” – Atlantic Council

EU Map adapted from cia.gov image

“Europe is currently in the grip of an unfolding energy crisis that is sparking questions over the role of … Putin’s Russia in exploiting rising demand, low supply, and geopolitical unpredictability. … Natural gas prices have soared by 600% …. [M]arket volatility is hitting key economic areas across Europe, from fertilizer plants to the food industry and health sector. The […]

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Russia’s Energy Influence In Europe Is Growing

Gas Flame file photo

(Oilprice.com – Haley Zaremba – Oct. 11, 2021) The Nord Stream 2 pipeline is playing a growing role in Russia’s energy influence in Europe. As the European energy crunch has intensified, Russia has not increased its supply to meet the region’s demand, in a move that many experts have interpreted as a form of “energy blackmail.” Increasing reliance on Moscow […]

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RUSSIA, Gas, WTO and other calamities

Gas Flame file photo

Subject: RUSSIA, Gas, WTO and other calamities Date: Thu, 30 Sep 2021 From: Andrei Liakhov <gaffriloff@yahoo.co.uk> RUSSIA, Gas, WTO and other calamities By Andrei Liakhov This is the view of the prequel to the brewing problems in the European gas markets of someone who was a part of most of the events set out below or read the underlying documents […]

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JRL NEWSWATCH: “Big Bounce: Russian gas amid market tightness” – Oxford Institute for Energy Studies

Gas Flame file photo

“The big bounce in Russian gas production in 2021 has proven to be insufficient to meet the simultaneous spikes in demand at home and abroad. Russian gas output has risen robustly and has been close to its maximum productive capacities but the necessity to fill the depleted domestic gas storage facilities in Q3 2021 limited the availability of Russian gas […]

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JRL NEWSWATCH: “Russia, Belarus Agree on Economic Integration Pacts; The agreements, which cover trade, labor, currencies, taxes and energy, will deepen Moscow’s sway over its neighbor” – Wall Street Journal

Map of Belarus and Environs, adapted from images at cia.gov

“… Putin … [said] that in the end all 28 integration programs were approved. [Putin said that] [t]hey include the integration of currency systems, the principles of levying indirect taxes … the fight against terrorism … [and] the pricing of Russian energy resources, … that a document would be signed by Dec. 1, 2023, to create a single gas market […]

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Russia Says Ukraine Organized Gas Pipeline Attack In Crimea

Map of Ukraine, Including Crimea, and Neighbors, Including Russia

(Oilprice.com – Charles Kennedy – Sept. 7, 2021) Russia accused on Tuesday Ukraine’s military intelligence of having organized an attack on a natural gas pipeline in Crimea at the end of last month, in another escalation of tensions between Moscow and Kyiv. Russia annexed Crimea from Ukraine back in 2014, straining the bilateral relations between one of Europe’s key natural […]

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Europe Needs Nord Stream 2 More Than It Likes To Admit

EU Map adapted from cia.gov image

Europe resents Russian gas for the influence it gives a country that the EU considers unfriendly, …, but … is increasingly thirsty for gas because … [last year’s] winter… drained its reserves. … [and] summer … LNG cargoes [got] diverted from Europe to Asia […]

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JRL NEWSWATCH: “Ukraine feels the chill of Biden’s foreign policy” – Financial Times

File Photo of Joe Biden at Podium in Front of U.S. and State Department Flags, adapted from image at usembassy.gov

“Afghanistan withdrawal heightens Zelensky’s fears of dwindling support from Washington” “… Ukraine has fought an eight-year war against Russia and Russian-backed militants …. Yet even before the chaotic pullout from Kabul, alarm was spreading … over fears … [that] Biden wanted to focus more on other foreign policy issues, especially … China. The first warning sign … came … when […]

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JRL NEWSWATCH: “Economic Reality Is Dragging Russia Toward Climate Acceptance” – Bloomberg

File Photo of Polar Bear on Snow with Bare Ground in the Background, adapted from image at nasa.gov with photo credit to U.S. Fish and Wildlife Service/Eric Regehr

“Europe’s border tax and China’s carbon-neutral ambitions might just force a fossil fuel giant to face climate facts.” “… Sooner than expected, Putin’s hydrocarbon-dependent regime has found itself watching key markets slip away as China targets net-zero emissions and Europe introduces measures including a levy on heavy industry imports that fail to meet its climate protection standards. Having lauded the […]

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RUSSIALINK: “Storm, rains near Novorossiysk help reduce pollution in Black Sea after oil product spill – WWF” – Interfax

Black Sea Satellite Photo file image

MOSCOW. Aug 13 (Interfax) – The concentration of oil products in the Black Sea following a spill in the area of Novorossiysk is decreasing due to a storm and heavy rains, the head of the WWF Russia program for corporate environmental responsibility, Alexei Knizhnikov told Interfax on Friday. “There is a very strong storm happening now in the vicinity of […]

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Why Russian Oil Giant Lukoil Won’t Give Up On This Huge Oilfield

Iraq Map, adapted from image at cia.gov

(Oilprice.com – Simon Watkins – Aug. 10, 2021) There was always something that did not look quite right about Lukoil’s recent announcement that it was going to withdraw from Iraq’s huge West Qurna 2 oil field, located 65 kilometers northwest of the southern port of Basra and with roughly 14 billion barrels of reserves in place. So it has proven, […]

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