Russian Energy

Germany to kickstart expansion of renewable energy amid sharply cutting imports from Russia

Chancellor Olaf Scholz said that the war was another reason for Europe’s biggest economy to double down on its efforts to expand the use of renewable energy.

published on : 7th July 2022

Sri Lankan President Rajapaksa dials Putin; explores options for purchasing oil, bolstering bilateral ties

A spike in global oil prices has forced a number of developing countries to buy Russian crude, which is being offered at steep discounts.

published on : 6th July 2022

European Union chief warns danger of complete cut-off of Russian gas

The war in Ukraine has prompted the 27-nation bloc to rethink its energy policies and sever ties with Russian fossil fuels.

published on : 6th July 2022

German regulators urge citizens to prepare for possible gas shortage as Russia reduces flow

Russia reduced gas flows to Germany, Italy, Austria, the Czech Republic and Slovakia earlier this month.

published on : 2nd July 2022

China tops Russian energy imports, Germany slips to second place

The shift reflects the growing importance of China and other non-European economies for Russian energy exports, which provide about 40% of the country’s federal budget.

published on : 13th June 2022

Russia cuts off gas exports to Finland in symbolic move

After decades of energy cooperation that was seen beneficial for both Helsinki and Moscow, Finland’s energy ties with Russia are now all but gone.

published on : 21st May 2022

EU rushes out USD 300 billion roadmap to ditch Russian energy

The bloc’s dash to ditch Russian energy stems from a combination of voluntary and mandatory actions.

published on : 18th May 2022

Europe's farmers stir up biogas to offset Russian energy

The European Biogas Association says the European Union could quickly scale up the production of bio-methane, which is pumped into natural gas networks.

published on : 6th May 2022

New gas pipeline boosts Europe’s bid to ease Russian supply

A new pipeline — built during the COVID-19 pandemic, tested and due to start commercial operation in June — would ensure that large volumes of gas flow between the Greek-Bulgaria border.

published on : 29th April 2022

Canada will boost oil exports to replace Russian energy

Canada announced Thursday it will boost oil exports by about five percent to help address supply shortages faced by allies shunning Russian energy after Moscow's invasion of Ukraine.

published on : 25th March 2022

Boris Johnson in UAE, Saudi Arabia to press for more oil 

His visit, though, is also about pressing these two major OPEC producers to pump more oil, which would have an immediate impact on Brent Crude prices that nearly touched $140 a barrel in trading.

published on : 16th March 2022

Brent crude prices may hit $150 if Russian Energy exports come to a halt: Report

Brent crude prices in the international market can hit $150 if Russian Energy exports come to a halt, a recent JP Morgan report said. 

published on : 3rd March 2022