The EU has taken steps to lessen dependence on Russian gas, but an audit identifies weaknesses in its readiness for potential future gas supply disruptions, including a lack of focus on affordability.
Russia
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Russia proposes floating nuclear plants to African nations, aiming to solve energy challenges and support sustainable development across the continent.
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Russia admitted to exceeding its oil production quota for April, attributing it to technical challenges. This surprise move casts doubt on Russia’s commitment to coordinated production cuts with OPEC+, a key group of oil-producing nations. The development comes ahead of a crucial OPEC+ meeting in June to determine future production policy.
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The European Union wrestles with imposing new sanctions on Russia, including a potential first-ever ban on liquefied natural gas (LNG) exports. The bloc seeks to cripple the Russian economy but worries about the impact on its own energy security. Negotiations continue as the EU races to finalize the package before Hungary takes over the presidency.
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China is bolstering its energy security by stockpiling Russian ESPO blend crude oil, a move that also aids Russia in finding a market for its oil exports amidst challenges created by Western sanctions. CNOOC, a state-owned company and major importer of Russian oil, has been accumulating these reserves at a new storage facility in eastern China.
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Russia is intensifying its nuclear power outreach in Africa, triggering a flurry of discussions over the geopolitical implications of its expanding influence. With a focus on nuclear technology, Russia aims…
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Russia’s Deputy Prime Minister, Alexander Novak, announced on Friday that the country won’t restrict diesel exports. This decision comes amidst concerns about rising fuel prices and potential shortages following drone attacks that disrupted refining capacity.
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Facing refinery repairs, Russia turns to neighboring Belarus to meet its gasoline needs. This temporary reliance highlights the interconnectedness of energy markets within Eastern Europe.
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Russia has drastically cut its gasoline and diesel exports to countries outside the former Soviet bloc, following a series of drone attacks and fires that damaged its refineries and fuel…
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A Ukrainian drone attack on a Russian oil and gas facility in the Baltic Sea has triggered a huge blaze and disrupted fuel exports to international markets. The Ust-Luga complex,…