Residents of Finland began reporting a huge jet of flame from across the Russian border last month. Satellite images detected a massive heat bloom that turned out to be a Russian liquefied natural gas (LNG) plant burning off millions of cubic meters of gas that were supposed to be sold to European customers.
Nearly 90 per cent of investors globally now expect Europe to fall into recession as the possibility of Moscow cutting off the continent from Russian gas becomes more likely.
Germany’s economy minister said that the country will limit the use of gas for electricity production amid concerns about possible shortages.
Officials in Russian gas addict Germany appear to be beginning to sweat as the Kremlin turns down its supply to the country over what it describes as technical issues.
The United Kingdom has seen a £500 million increase in fuel exports to the EU in April despite the soaring costs of energy domestically.
Greek Energy Minister Kostas Skrekas has claimed Greece will pay for gas from Russian energy giant Gazprom without violating sanctions.
Italy may be forced to ration gas supplies due to the country’s reliance on supplies from Russia, which could lead to businesses and households not being allowed to use air conditioning this summer. The ongoing Russian invasion of Ukraine has
In an apparent move of desperation, Germany has agreed to a gas deal with Islamist Qatar to try and wean itself off Russian energy.
President Alexander Lukashenko has threatened to cut off gas to Europe in response to possible additional sanctions against Belarus over the ongoing migrant crisis along the border with the EU.
Mozambique’s military, with assistance from Rwandan security forces, successfully recaptured a Cabo Delgado port city from Islamic State-allied terrorists on Sunday.
Islamic State terrorists seized a key port in northern Mozambique this week used for cargo deliveries to nearby natural gas projects worth $60 billion, local media reported on Wednesday.
The Paris-based International Energy Agency’s (IEA) Oil Forecast reveals that the U.S shale revolution is transforming global oil markets.
