Through a year of war in Ukraine, the U.S. and most European nations have worked to help counter Russia, in supporting Ukraine both with armaments and in world energy markets. Russia was Europe’s main energy supplier when it invaded Ukraine, and President Vladimir Putin threatened to leave Europeans to freeze “like a wolf’s tail” – a reference to a famous Russian fairy tale – if they imposed sanctions on his country.
The price of Russian seaborne oil has been capped at $60 a barrel after the Group of Seven countries — which includes non-enumerated member the European Union — and Australia reached a consensus on the price Monday. The goal of the price cap is to reduce the revenue stream funding Russia’s war on Ukraine, while […]
The more than 600 fossil fuel lobbyists at the COP27 UN climate conference in Sharm el-Sheikh, Egypt, include Russian oligarchs and companies that have been sanctioned in response to the country’s invasion of Ukraine. The Russian delegation as a whole has 33 members with ties to the fossil fuel industry, the second most of any […]
The world is currently in the midst of an energy crisis prompted by Russia’s invasion of Ukraine. The war has decreased the gas supply to Europe, leading to fears of a winter of blackouts and shortages.
The methane leaking from Nord Stream pipes into the Baltic Sea may be one of the worst natural gas leaks in history, scientists say. Although the breached pipes were not in operation, they still contained natural gas when they were damaged. The leaking natural gas primarily consists of methane, a leading contributor to global warming. […]
Three separate leaks on Russia’s controversial Nord Stream 1 and 2 gas pipelines — which run from Russia to Germany beneath the Baltic Sea — have led to speculations of sabotage. The gas transport pipelines lie at the center of the energy deadlock between Europe and Russia. Danish energy authorities said two leaks had been […]
Russia indefinitely cut off delivery of methane-based gas to Europe, Gazprom said Friday. The state-owned energy company blamed the Nord Stream 1 pipeline shutdown on maintenance issues, just hours after the G-7 announced a joint cap on Russian oil prices, itself an effort to reduce Russia revenue from foreign fossil fuel sales. The full shut […]
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