Tags

Iran-Israel War Prompts China to Reconsider Russia’s Gas Pipeline Proposal

Oil & Gas‚ Oil and Gas Industry | intent | June 25, 2025 | Comment off

Now, these concerns appear to have taken the back seat in the face of a fresh dose of Middle Eastern instability and energy supply uncertainty—especially in gas. Almost a third of China’s gas imports come as LNG from Qatar and the United Arab Emirates, the WSJ noted in its report, citing Rystad Energy figures. Russia, in turn, is China’s third-largest supplier of LNG, after Australia and Qatar. But it is China’s biggest pipeline supplier, via the Power of Siberia 1, with flows this year set to reach 38 billion cu m, according to S&P Global.

READ MORE

Can Canada Replace Russia as an Oil and Gas Superpower?

Oil & Gas‚ Oil and Gas Industry | intent | June 18, 2025 | Comment off

“G7 members must fully ban imports of Russian energy – oil, coal, natural gas, uranium. Canada, with the world’s fifth-largest oil reserves and as a top-three uranium producer, can help fill the gap.” The statement was made this week by the head of the G7 research group, a University of Toronto political science professor.
But can Canada really replace Russia entirely on the global energy scene? That might be tough.

READ MORE

Russia Adds Military Escorts to Oil Tanker Fleet in Gulf of Finland

Oil & Gas‚ Oil and Gas Industry | intent | May 26, 2025 | Comment off

Due to European sanctions and the G7 price cap, Russia is using what the media likes to call a shadow fleet of tankers, often aging, and insured by parties outside the Western world. These vessels “make use of flags of convenience and intricate ownership and management structures while employing a variety of tactics to conceal the origins of its cargo, including ship-to-ship transfers; automatic identification system blackouts; falsified positions; transmission of false data; and other deceptive or even illegal techniques.”

READ MORE

U.S. Resists EU Push to Lower Russian Oil Price Cap

Oil & Gas‚ Oil and Gas Industry | intent | May 23, 2025 | Comment off

A European official attending the G7 finance powwow in Banff, Canada, told Reuters that the U.S. Treasury team thinks market forces are already doing the heavy lifting. With Brent prices wobbling around $64—and Russia’s Urals blend clocking in at a $10 discount—Washington’s logic is that there’s no need to poke the bear when the bear’s already limping.

READ MORE

EU plan to end Russian gas imports faces legal, geopolitical snags

Oil & Gas‚ Oil and Gas Industry | intent | May 7, 2025 | Comment off

The EU’s plan to fully cut off Russian gas imports by 2027 faces legal, logistical and political hurdles.

Although the bloc has slashed Russian gas from 45% of its supply in 2021 to 19% in 2024, fully severing ties is proving difficult. Long-term contracts with companies such as TotalEnergies and Naturgy, lasting into the 2030s, are a major obstacle. Brussels is weighing “force majeure” clauses to exit these deals, but legal experts caution that without sanctions, such moves could spark costly arbitration.

READ MORE