Tag: Energy

JRL NEWSWATCH: “The Economist explains: Who blew up the Nord Stream pipelines? Lots of blame, no hard evidence” – The Economist

Germany, Headlines, JRL NewsBlog, Military, Spies, Spy Allegations, Terrorism, Ukraine, United States, U.S.-Russian Relations
Gas Flame file photo

“Last September, when explosions damaged Nord Stream 1 and 2 … evidence of a culprit was scant. Some European governments suspected Russia. … Putin had been threatening to cut off energy supplies to Europe in retaliation for sanctions …. Russia … blamed America and Britain. Six months later American intelligence officials … [and] German and British news organisations[] have suggested […]

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JRL NEWSWATCH: Russia set to mothball damaged Nord Stream gas pipelines – sources” – Reuters

Economy, Business, Investment, Trade, Europe, EU, Germany, Headlines, JRL NewsBlog, Oil, Gas, Energy, Ukraine, United States, U.S.-Russian Relations
Gas Flame file photo

“Russia’s ruptured undersea Nord Stream gas pipelines [reportedly] are set to be sealed up and mothballed as there are no immediate plans to repair or reactivate them …. Nord Stream 1 and Nord Stream 2, each consisting of two pipes, were built by … Gazprom to pump 110 billion cubic metres (bcm) of natural gas a year to Germany under […]

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Russia’s Oil And Gas Revenues Are In Decline

Economy, Business, Investment, Trade, Headlines, Oil, Gas, Energy, Sanctions
Oil Wells file photo, adapted from image at usda.gov

(Oilprice.com – Tsvetana Paraskova – Jan. 19, 2023) Russia’s current account surplus hit a quarterly record in the second quarter of 2022 as its imports fell and the value of its exports soared. Since that record quarter, Russia’s current account surplus has dropped every quarter as gas exports dried up and oil prices fell. Russia’s energy export revenues are set […]

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JRL NEWSWATCH: “Sanctions on Russia Are Working. Here’s Why.” – Foreign Policy/ Agathe Demarais

Economy, Business, Investment, Trade, Europe, EU, Headlines, JRL NewsBlog, Oil, Gas, Energy, Sanctions, Ukraine, United States, U.S.-Russian Relations
File Image of Artist's Conception of Globe with Curved Connecting Lines of Light Passing Through Space, adapted from image at fincen.gov

“The Kremlin’s ability to wage war is already constrained, but the worst is yet to come.” “… [I]ncessant debates over the effectiveness of sanctions … serve[] the Kremlin’s interests. … [W]inter fast approaching, Putin is betting that sanctions fatigue will soon set in. … [D]ata show[] that the people claiming sanctions are ineffective are wrong: Only nine months after … […]

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JRL NEWSWATCH: “EU Asks Members to Set Russia Oil-Price Cap at $60” – WSJ

Economy, Business, Investment, Trade, Europe, EU, Headlines, JRL NewsBlog, Oil, Gas, Energy, Sanctions, United States, U.S.-Russian Relations
Oil Well file photo

“Move is an attempt to squeeze the Kremlin’s oil revenues while keeping global supplies steady.” “The European Commission, the [EU]’s executive body, [reportedly] has asked the [EU]’s 27 member states to approve a … Russian oil [price cap] of $60 a barrel …. significantly below the international benchmark … Brent …. … [T]he [G7] … nations [would] need to sign […]

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JRL NEWSWATCH: “Zelenskyy vows Ukraine will withstand Russian attacks on power networks; ‘We must return all lands,’ Ukrainian president tells the FT” – Financial Times

Headlines, JRL NewsBlog, Military, Oil, Gas, Energy, Ukraine
Screenshot file photo of Volodymyr Zelensky Gesturing, from Congressional Teleconference, adapted from image at doggett.house.gov

“… Zelenskyy said Russia’s new strategy to destroy Ukraine’s infrastructure … would not weaken the country’s resolve to liberate all occupied land, describing the conflict as a ‘war of strength and resilience.’ … insist[ing] there would be no lasting resolution to the war unless Russia withdrew from all [Russian-occupied] territories …. Kyiv has been pushing back at perceived pressure to […]

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JRL NEWSWATCH: “Russia maintains grip on global nuclear energy landscape” – Financial Times

Economy, Business, Investment, Trade, Headlines, Iran, Mideast, North Africa, Syria, Egypt, Libya, Nuclear Energy, Oil, Gas, Energy, Ukraine
File Image of Radioactive Atom, adapted from image at lanl.gov

“Increasing use of atomic power would not necessarily free economies from Moscow’s influence.” “Faced with a global energy crisis and a race to slash emissions, advanced economies are starting to reconsider nuclear power after … declining investment. … But an atomic shift does not necessarily free a country from energy dependence on Russia, given the scale of the country’s presence […]

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

Economy, Business, Investment, Trade, Europe, EU, JRL NewsBlog, Oil, Gas, Energy, Ukraine, United States, U.S.-Russian Relations
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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JRL NEWSWATCH: “CIA Chief Says Intelligence Agencies Haven’t Concluded Russia Will Invade Ukraine” – WSJ

JRL NewsBlog, Military, Ukraine, United States, U.S.-Russian Relations
Map of Ukraine, Including Crimea, and Neighbors, Including Russia

Russian President Putin is assembling a potent military force and may see a chance to act this winter, William Burns says […]

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

Europe, EU, JRL NewsBlog, Military, Oil, Gas, Energy, Ukraine, United States, U.S.-Russian Relations
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

Economy, Business, Investment, Trade, Europe, EU, Oil, Gas, Energy
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

Europe, EU, Oil, Gas, Energy
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

Europe, EU, Germany, Oil, Gas, Energy
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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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

Belarus, Europe, EU, JRL NewsBlog, Oil, Gas, Energy, Sanctions
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

Economy, Business, Investment, Trade, Europe, EU, JRL NewsBlog, Oil, Gas, Energy
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

Europe, EU, Oil, Gas, Energy
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

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

Europe, EU, JRL NewsBlog, Oil, Gas, Energy
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

Environment, JRL NewsBlog, Oil, Gas, Energy
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

Europe, EU, JRL NewsBlog, Oil, Gas, Energy
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

Europe, EU, Oil, Gas, Energy, United States, U.S.-Russian Relations
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: “Russia Shows Its Growing Sway Over Global Energy Markets” – Wall Street Journal

Economy, Business, Investment, Trade, Europe, EU, JRL NewsBlog, Poland, Ukraine
Gas Flame file photo

Moscow’s huge oil and gas reserves have given it more influence over Western and Chinese economies grappling with rising prices […]

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

Economy, Business, Investment, Trade, Europe, EU, JRL NewsBlog, Oil, Gas, Energy
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

Europe, EU, JRL NewsBlog, Oil, Gas, Energy
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

Economy, Business, Investment, Trade, Europe, EU, Oil, Gas, Energy
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

Europe, EU, Oil, Gas, Energy, Ukraine
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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Iran Cements Alliance With China, Russia In Clear Message To Washington

China, Economy, Business, Investment, Trade, Military
Iran Map and Flag

The seismic, multi-generational Iran-China deal is set for full roll-out. Full membership of the economic, military and political, SCO alliance will lead to major strategic investments in Iran’s up-and-downstream sectors […]

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

Europe, EU, JRL NewsBlog, Oil, Gas, Energy
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

Belarus, Economy, Business, Investment, Trade, JRL NewsBlog, Military, Oil, Gas, Energy
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

Military, Oil, Gas, Energy, Spies, Spy Allegations, Ukraine
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

Economy, Business, Investment, Trade, Europe, EU, Germany, Oil, Gas, Energy, United States, U.S.-Russian Relations
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: “Economic Reality Is Dragging Russia Toward Climate Acceptance” – Bloomberg

China, Economy, Business, Investment, Trade, Environment, Europe, EU, JRL NewsBlog, Oil, Gas, Energy
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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Why Russian Oil Giant Lukoil Won’t Give Up On This Huge Oilfield

Iraq, Mideast, North Africa, Syria, Egypt, Libya, Oil, Gas, Energy
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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Putin Says Russia Is Ready To Hand Over Cybercriminals, But Only If U.S. Does The Same

Cybersecurity, Oil, Gas, Energy, United States, U.S.-Russian Relations
Gas Pump File Photo with Nozzle in Car

… a cybercriminal group that U.S. authorities said operates from Russia penetrated a pipeline operator on the U.S. East Coast, locking its systems and demanding a ransom. … caus[ing] a shutdown … [leading] to a spike in gas prices, panic buying, and localized fuel shortages […]

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JRL NEWSWATCH: “Russian Military Seeks to Outmuscle U.S. in Arctic” – Wall Street Journal

Arctic, China, Environment, JRL NewsBlog, Oil, Gas, Energy, United States, U.S.-Russian Relations
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

“For Moscow it is the last geopolitical battleground where it holds the advantage over Washington and Beijing” “… [N]ew and refurbished bases [are] meant to service the Kremlin’s ambitions in the resource-rich Arctic. … combined to form a new military district … under … the Northern Fleet, Russia’s foremost Arctic naval force[] … [with fleet] headquarters … on the Kola […]

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JRL NEWSWATCH: “Arctic-Superpower Jostling Heats Up as Russia Takes on Key Role” – Bloomberg

Arctic, Environment, JRL NewsBlog, Military, Minerals, Oil, Gas, Energy, United States, U.S.-Russian Relations
File Photo of Arctic Fox Running Across Snow, adapted from image at USGS.gov, with photo credit to Mike Lockart and USGS

“Russia’s Sergei Lavrov claimed this week that ‘this is our land and our waters’ as NATO allies boost military activity” “… Russian and U.S. diplomats … [signal] rising tensions between [powers] racing to seize Arctic resources …. Arctic Council [participants] weren’t due to discuss security. But … Russia’s … Sergei Lavrov declared … the Arctic ‘is our land and our […]

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