russian gas

Teresa Ribera

The Spanish Government Refuses To Reduce Gas Consumption By 15%, As Demanded By Brussels

Teresa Ribera, Minister for Ecological Transition, has lashed out harshly against the Brussels plan to force EU countries to reduce gas consumption by 15% during the autumn and winter months. According to Ribera, this plan is “neither the most effective, nor the most efficient, nor the fairest”. “We have strategic reserves. We have done our homework. We have achieved a very solid position” in terms of security of supply, said…


The security of the UK’s LNG supply is precarious

Spain Increases Gas Purchases From Russia (+3.2%) While Purchases Of Algerian Gas Fall (+41%)

Imports of gas from Algeria fell by 41.11% in the first half of 2022 compared to the same period the previous year. Meanwhile, purchases of this raw material from Russia increased by 3.2% year-on-year in the first six months of the year, according to the latest data from Enagás’ Boletín Estadístico, corresponding to June. Specifically, in the first half of the year Spain bought 55,962 gigawatt hours (GWh) of gas…


Iran oil

Can Iran Replace Russian Gas Export to Europe?

European Views | The conflict between Russia and Ukraine continues and so do the global gas supply issues. Iran hopes to step in and become Europe’s main gas provider replacing Russian gas export. Iran to Offer Alternative to Russian Gas Export in Europe Being the second-largest gas reserves globally, Iran has 34 trillion cubic metres of natural gas. It’s nearly 17% of the world’s total reserves. Some believe that Iran…


Nordstream

Russia Has Increased Gas Supplies Since Invading Ukraine (While Gazprom Has Withdrawn From The Spot Market In Europe)

ASE Group | Russian gas supplies to Europe from Russia have increased since the war broke out because of long-term contracts, in place between European buyers and Russia’s Gazprom, which include strict commitment clauses. All parties are committed to respecting them or face serious losses. This is why Grazprom is avoiding direct economic sanctions from Europe.In any case, Russian flows are not back to normal for this time of year….


rusia energia

Why Europe Didn’t Reduce Its Dependence on Russian Gas

Nick Ottens (Atlantic Sentinel) | Western Europe refused to see the risks. Eastern Europe refused to invest in renewables. Australia, Canada, Europe, Japan and the United States have imposed unprecedented economic sanctions on Russia since it invaded Ukraine, banning Russian airlines and state media, cutting off Russian banks from the SWIFT financial system and freezing the assets of Russian oligarchs and the Russian Central Bank. The one step European countries…


rusia energia

Russia’s Dependence On Raw Materials Goes Beyond Oil And Natural Gas: Nickel, Palladium, Platinum, Wheat, Corn,…

Intermoney | The EU cannot replace Russian energy supplies in the short term since, in a normal year, as was 2019, 46.7% of the solid fuels, 41.1% of the natural gas and 26.9% of the oil it imported came from Russia. Figures that are biased upwards by Germany, given that, for example, in 2021, 42.83% of Spain’s natural gas exports came from Algeria compared to the 8.91% that came from…


french interconexion

Europe’s Natural Gas Stores Are At Around 33.83% Of Their Capacity; Germany Is At 32.77% And Spain At 58.36%

Intermoney | The EU is the area that would be worst off in the event of a war in Ukraine. At this point, it is worth remembering that Russia was the first supplier of the EU in terms of energy raw materials in a normal year such as 2019. In that year, 46.7% of the EU’s imports of solid fuels (i.e. coal), 41.1% of those related to natural gas and…



The security of the UK’s LNG supply is precarious

What’s next for Europe and natural gas; the importance of LNG

Dániel Stemler | In recent years we have seen countless proposals for projects to deliver natural gas to Europe and ease the European Union’s dependence on Russian gas. And the LNG revolution has put another significant element on the table for European leaders.


EU energy import dependency

Europe’s energy drama: import dependency is high –and rising

MADRID | The Corner | Winter’s coming and Europe finds itself in a complicated position. The (declining) production of the continent’s energy import has traditionally fallen short of (growing) consumption . In 2012, 53.7% ofEurope’s energy consumption was based on imports – up from in 44% in 1996, according to UBS. Brussels admits the share of imported energy is likely to rise to 100% in oil and above 80% in gas by 2030.