Russian state-owned energy company Gazprom has lost access to the European market and is rife with inefficiencies. Still, it isn’t going anywhere soon. The engine of Russia’s vast resources are fed into Vladimir Putin’s system for maintaining power.
Tag: LNG
From Croatia to Spain, Portugal, Germany and France, revamped LNG gas routes are providing an agile European energy response to the cutting off of Russian gas since the war in Ukraine began.
Forget the Strait of Hormuz. The real place to watch the simmering diplomatic battle between Saudi Arabia and Qatar is 5,500 kilometers to the southeast, in the Strait of Malacca between Malaysia and Indonesia. That’s because the petroleum market’s center of gravity, along with that of the global economy, is in Asia these days. As recently as the 2003 Iraq War, the U.S. and Europe accounted for more than half of the world’s oil imports. The share has now fallen to barely more than one-third, as imports by the north Atlantic countries have stood still while those by China, India, […]
With the help of its Russian partner, Novatek, and the China National Petroleum Corporation (CNPC), French energy giant Total has created an uprecedented liquid natural gas plant on the frozen Yamal Peninsula, some 370 miles north of the Arctic Circle.