Freeport LNG Extends Force Majeure Until September
Freeport LNG has declared a force majeure on LNG exports from its Gulf Coast location until September, Bloomberg sources said on Friday. The company had reported earlier in the week Continue Reading
Russian gas to Europe falls short as heatwave drives demand
Italy receives 50% less gas than requested on Friday Germany’s Uniper receives 60% less gas Russia says must wait and see over equipment return Countries need to build up storage Continue Reading
Italy weighing state of alert amid Russian gas supplies squeeze
Italy may declare a heightened “state of alert” on gas next week if Russia continues to curb its supplies, two government sources said on Friday after energy company Eni (ENI.MI) Continue Reading
Ukraine to start power trading with EU in June
Ukraine is expected to start selling electricity to Slovakia and Hungary this month, a move that could boost revenues for power generators in the country, sources told Reuters. The expansion Continue Reading
EU backs Ukraine’s membership bid to ‘live the European dream’
The European Union gave its blessing on Friday for Ukraine and its neighbor Moldova to become candidates to join the bloc, reaching out deep into the former Soviet Union for Continue Reading
Russia Steps Up Pressure on European Gas Supplies
France’s gas network manager, meanwhile, said no gas had flowed into the country through its border with Germany since Wednesday. And in Italy, the eurozone’s third-biggest economy, Eni SpA said Continue Reading
Hackers crash internet as ‘Russian Davos’ adjusts to new reality
Hackers on Friday delayed the start of President Vladimir Putin’s speech to Russia’s flagship economic forum, shorn of strong Western participation as Russia adjusts to the “new reality” of life Continue Reading
Sechin Says Rosneft’s Vostok Project Goes On After Partner Quit
Russia’s Rosneft PJSC is proceeding with its flagship Vostok Oil project in the Arctic, Chief Executive Officer Igor Sechin said, just over a week after a key partner announced it’s Continue Reading
Losing Troops in Ukraine, Russia Grapples With Its Manpower Problem
As Russia tries to take the initiative in eastern Ukraine, Moscow has had to find fresh manpower from some unlikely places for what is shaping up to be a crucial Continue Reading
Italy’s Eni says Russian gas supply cut by half
Italy has become the latest of a host of European countries to report further cuts in its Russian gas supply. Italian energy giant Eni said it would receive only half Continue Reading