Gas
Shell halts biofuel projects in Singapore
Shell has decided not to proceed with two projects in Singapore aimed at producing biofuels and base oils. This was confirmed by a spokesman for the company on Thursday. In an email to Reuters, the company said, "We can confirm that we will stop exploring two …
Kurds halt oil exports: $6 billion owed to traders
The suspension of oil exports from Kurdistan has led to the interruption of repayments of six billion U.S. dollars in debt to energy traders such as Vitol and Petraco, trade sources told Reuters. Oil exports from semi-autonomous Iraqi Kurdistan to Turkey's …
Energy prices in Germany remain high
Producer prices for energy in January 2023 were still a third higher than a year earlier. The most affected was the price of natural gas, which rose by 50 percent, followed by the price of electricity, which increased by 27.3 percent. Petroleum products such …
Europe cuts gas demand by a quarter
EU countries cut gas demand by a quarter in November despite falling temperatures. This is the latest evidence that the EU is managing to reduce its dependence on Russian energy since Moscow invaded Ukraine.
The British oil and gas producer Harbor Energy warns of the risk of tax losses
Harbor Energy, the largest oil and gas producer in Britain's North Sea, has warned the government it could be forced to reconsider its investments in the country if the tax on profits is increased.
Gas tax will burden German households with several hundred euros more per year
Annual gas bills for German households will rise by several hundred euros as a result of the energy crisis, according to data released on Monday, but the government has promised to cushion the shock to low-income earners. From October 1, importers will be able …
Putin orders transfer of Sakhalin-2 gas project to Russian company
Wladimir Putin hat die Übertragung aller Rechte am Sachalin-2-Erdgasprojekt an ein russisches Unternehmen angeordnet. Dies könnte ausländische Investoren wie Shell, Mitsubishi und Mitsui dazu zwingen, sich von dem Projekt zurückzuziehen.
EU warns of 'regression' on fossil fuels as coal supplants Russian gas
The President of the European Commission has warned EU member states to backtrack on their long-term efforts to cut fossil fuel consumption after Germany, Austria and the Netherlands said they would start up coal-fired power plants after Russia cut gas …
Habeck: Gas supply stop justifiable
Germany could cope with a ban on Russian gas next winter as long as it fills storage facilities, makes progress on LNG terminals and reduces consumption, Economics Minister Robert Habeck said in an interview with WirtschaftsWoche.
EU energy companies want to meet Putin's terms
Some of Europe's biggest energy companies are taking precautions to comply with the Kremlin's demand for a new payment system for Russian gas, which critics say will undermine EU sanctions, threaten the unity of the bloc and inject billions of dollars in vital …