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Tag: natural gas

Putin Reroutes Critical Hydrocarbons Eastward Leaving Europe High-and-Dry

Putin Reroutes Critical Hydrocarbons Eastward Leaving Europe High-and-Dry

Meet the New Boss;Putin Reroutes Critical Hydrocarbons Eastward Leaving Europe High-and-Dry By Mike Whitney Global Research, June 16, 2022 All Global Research articles can be read in 51 languages by activating the “Translate Website” drop down menu on the top banner of our home page (Desktop version). To receive Global Research’s Daily Newsletter (selected articles), click here. Visit and follow us on Instagram, Twitter and Facebook. Feel free to repost and share widely Global Research articles. *** “Rejection of Russian energy resources means that Europe will become the region…

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Explosion at Texas LNG Export Terminal

Explosion at Texas LNG Export Terminal

Texas LNG Export Terminal Shuttered For Three Weeks After Explosion Update (1749ET): The explosion at Freeport LNG at Quintana Island has forced operations at the oil and gas export facility to be halted “for a minimum of three weeks,” according to local news KPRC. Freeport receives about 2 billion cubic feet of gas per day or roughly 16% of the total US LNG export capacity. This means LNG exports will shrink and result in more supply on the grid, pushing down natural…

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Europe CANNOT agree on Russia Oil Embargo

Europe CANNOT agree on Russia Oil Embargo

EDITORIAL OPINION — Reality Sets-in: Europe Cracking; CANNOT agree on Russia Oil Embargo EDITORIAL OPINION — Superficial European “unity” over Russia’s entry into Ukraine to De-Nazify and De-militarize” that regime, which resulted in Europe sanctioning Russia, is falling apart.  The European Union CANNOT get unanimous agreement to embargo Russian Oil or gas into Europe.   The reality, that Europe actually needs inexpensive, reliable energy, is finally taking hold. The knee-jerk reaction by European Union countries to “sanction” Russia, was poorly thought…

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Drought and extreme weather looms as threat as crops and fertilisers are in short supply

Drought and extreme weather looms as threat as crops and fertilisers are in short supply

Global Wheat Supplies Face New Threats as Drought Levels Rise, Gro’s Model Shows From France to the Middle East to the US Midwest, drought levels that haven’t been seen worldwide in at least two decades are damaging prospects for replenishing depleted global wheat supplies and increasing food security risks for many countries. An aggregation of growing conditions in all the world’s wheat-growing regions shows soil moisture levels are at their lowest point since at least 2010, according to Gro’s Climate Risk…

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Who do you think is actually winning?

Who do you think is actually winning?

At Least 20 European Gas Buyers Open ‘Rubles-For-Gas’ Account With Gazprombank Europe’s anti-Russian virtue signaling and harsh language are nothing more than a facade as the number of European companies opening accounts with Gazprombank JSC has doubled as President Vladimir Putin demands rubles for natural gas.  Bloomberg reports a person close to Gazprombank said twenty European companies had opened accounts with the private-owned Russian bank to swap euros for rubles to purchase natgas. Another 14 companies are requesting paperwork to facilitate transactions…

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Ukraine Cuts Off Gas To Europe

Ukraine Cuts Off Gas To Europe

What Ukraine’s block on Russian gas means for Europe Kiev has stopped flows via a key transit point, raising fears of European energy shortages © Getty Images / Michael Moeller / EyeEm Ukraine’s gas network operator on Wednesday stopped the transit of Russian natural gas to Europe through one of its key cross-border stations, citing “interference by the occupying [Russian] forces.” Here is what this development means for the European gas market and economy. What happened? Ukraine’s gas network operator, GTS Ukraine,…

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Hungary’s revelations about Russian gas

Hungary’s revelations about Russian gas

Hungary Throws EU Neighbors Under The Bus, Says 10 Nations Technically Buying Gas-For-Rubles From Putin The Ruble has ‘mysteriously’ surged to six-month highs against the dollar (and even stronger relative to the Euro) over the last few weeks since Russian President Putin demanded Rubles-for-Gas… But now, Hungarian Prime Minister Viktor Orban’s chief of staff, Gergely Gulyas, appears to have spilled the beans on what is really going on among the Russia-dependent European nations. Gulyas told public radio on Sunday that while…

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EU: “Let’s have a gradual ban on Russian oil”

EU: “Let’s have a gradual ban on Russian oil”

Germany Supports ‘Gradual’ EU Ban On Russian Oil As Moscow Rejects Gas Payment From Seized Trading Unit Update(1130ET): As the EU attempts to impose unity amid the still fast escalating gas for rubles standoff and potential full-blown energy crisis, Germany has said for the first time it is ready to back a ‘gradual ban’ on Russian oil. As detailed in a breaking Bloomberg report, “Berlin would support a phased approach to targeting oil rather than some of the other options that have been discussed,…

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Poland Confirms Russia To Halt All Gas Delivery Wednesday If Payment Not Settled In Rubles

Poland Confirms Russia To Halt All Gas Delivery Wednesday If Payment Not Settled In Rubles

NATURAL GAS TO POLAND IS NOW SHUT OFF! UPDATE: Bulgaria Too! Russian gas supplies to Poland via the Yamal-Europe gas pipeline WERE HALTED April 26.  Poland is now no longer receiving __any__ natural gas from Russia.  The country is expected to run out of natural gas within one week, shutting down electric generating plants, industry, and heat/electric for private homes. This shut down took place because last Friday, the deadline for paying for energy resources in rubles – expired. CONFIRMATION:…

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Crisis in Europe – 4 April, 2022

Crisis in Europe – 4 April, 2022

German Retailers To Increase Food Prices By 20-50% On Monday Just days after Germany reported the highest inflation in generation (with February headline CPI soaring at a 7.6% annual pace and blowing away all expectations), giving locals a distinctly unpleasant deja vu feeling even before the  Russian invasion of Ukraine broke what few supply chains remained and sent prices even higher into the stratosphere… … on Monday, Germany will take one step toward a return of the dreaded Weimar hyperinflation, when according…

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