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Business

Trump threatens trade tariffs unless Europe buys more US oil and gas

US president-elect keeps the prospect of a transatlantic trade war in the air, exactly a month before he is due to walk back into the White House.

Economy

Germany warns ports against accepting Russian gas shipments

Germany's economic ministry has warned the Deutsche Energy terminal of a planned shipment expected to arrive at the Brunsbüttel facility, according to a report.

No Comment

Entangled humpback whale freed after four-day rescue operation

The whale was found with several lines and floats tangled around its head and midsection, likely accumulated over a period of months.

Europe News

Czechia floats plan to replace Russian gas supplies to eastern EU

Czechia's trade minister and the likely next EU energy commissioner has urged the incumbent Kadri SImson and Berlin, Budapest, Bratislava and Vienna to intensify efforts to wean the bloc off Russian gas

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Business

What about sanctions? French imports of Russia's LNG surge

French imports of Russia's liquified natural gas (LNG) surge - and Ukraine supporters seek a stop to it.

Business

Italian energy giant Eni reveals oil and gas expansion plans

The company says it is continuing to expand its oil and gas projects in the Republic of Congo and Ivory Coast.

Green News

Auditors warn of LNG dependency after Russian sources cut off

EU auditors are concerned with a new energy dependency and flagged decarbonisation challenges linked to the bloc’s gas usage as well as lack of transparency in cross-border infrastructure projects within the bloc.

Europe News

EU agrees new sanctions on Russia, targeting LNG for the first time

Belgium, France and Spain are the main entry points for Russian LNG.

Markets

Natural gas prices surge as artificial intelligence boom raises demand

Natural gas prices have surged over the past three months because of optimistic demand driven by a boom in AI consumption and its crucial role in the renewable energy transition.

Europe News

EU countries kick off talks to ban re-exports of Russian LNG

European Union countries kicked off on Wednesday negotiations on the next round of sanctions against Russia, which for the first time targets LNG.

Economy

No longer hot air? Will the EU finally sanction Russia's LNG sector?

Such a move could lead to a crack down on the re-export of Russian LNG from EU countries, but is unlikely to address EU imports of it. That could remain a sore point.

Markets

Turkey looks towards ExxonMobile for multibillion-dollar LNG deal

As Turkey's relations with the US become easier, Ankara is looking at a change of direction from Moscow for its gas supplies.

Green News

Watchdog urges caution on reducing Russian LNG imports to the bloc

Drop in domestic production and long-term contracts highlight the importance of keeping Russian gas, EU energy agency warns.

Business

TotalEnergies return to Africa would rock CSDDD, claim NGOs

French fossil fuel giant is under scrutiny for its operations in a region dominated by conflict and violence.

Europe News

Ministers agree to extend gas saving policy through 2024

With no end in sight to president Putin’s war on Ukraine, European energy ministers have agreed to extend for a second year voluntary measures to keep natural gas demand across the EU to at least 15% below pre-invasion levels, and discussed ways to end lingering dependence on Russian gas.

Green News

New joint gas tender sees threefold oversubscription

EU mechanism to match buyers and suppliers introduced to counter crisis sees heavy supply side interest.

Markets

TotalEnergies shares slide as company reports fall in earnings

Shares in France's TotalEnergies declined on Wednesday morning after the company reported a 31% drop in fourth-quarter (Q4) earnings.

Economy

Euroviews. This is what US President Biden's LNG freeze might mean for Europe

Europe's reliance on Russian gas was challenged in the aftermath of Moscow's full-scale invasion of Ukraine. Afterwards, the continent turned to the US as it became the largest supplier of LNG, Osama Rizvi writes.

Economy

What's in store for LNG and Europe in 2024?

The story of liquified natural gas (LNG) — natural gas cooled down to liquid form for ease and safety of non-pressurised storage or transport — is getting interesting as it increases its share in the global primary energy mix, Osama Rizvi writes.

Travel News

Can the world’s biggest cruise ship really be sustainable?

Five times larger than the Titanic with room to spare, the Icon of the Seas can carry 7,600 passengers.