Stake Sale
TotalEnergies has completed the transfer of its 10% stake in the project to NordLine, a Novatek subsidiary.
[Read more…] about TotalEnergies exits Russia’s Arctic LNG 2 projectTrump’s remarks on Strait of Hormuz spark criticism from security expert
General – Middle East
U.S. President Donald Trump recently warned that NATO could face a difficult future if European countries do not support efforts to keep the Strait of Hormuz open.
[Read more…] about Trump’s remarks on Strait of Hormuz spark criticism from security expertIndia replaces Russian crude
General – India
India is purchasing large quantities of oil from Angola, Brazil, and the UAE.
[Read more…] about India replaces Russian crudeGermany not in talks over Nord Stream 2 gas pipeline revival
General – Independence
Germany’s energy independence from Moscow is crucial and it is not in talks with Russia over a ‘possible pipeline-based supply of Russian gas’ via the partly damaged Nord Stream 2 pipeline, the economy ministry said on Monday to Reuters.
[Read more…] about Germany not in talks over Nord Stream 2 gas pipeline revival12 European countries to crack down on Russia’s shadow fleet
General – Politics
At the summit of the national leaders of the Joint Expeditionary Force (JEF) in Tallinn, Denmark, Estonia, Finland, Germany, Iceland, Latvia, Lithuania, the Netherlands, Norway, Poland, Sweden and the UK agreed to disrupt and deter Russia’s shadow fleet vessels.
[Read more…] about 12 European countries to crack down on Russia’s shadow fleetNew legislation to combat drone attacks on Russian O&G installations
Fossil Energy – Drone Attacks
In a move to address the growing concern over drone attacks on oil and gas installations in Russia, President Vladimir Putin has signed new legislation that places the responsibility on oil and gas producers to invest in anti-drone weapons.
[Read more…] about New legislation to combat drone attacks on Russian O&G installationsFirst floating LNG platform sets out from Belokamenka towards Gydan
General – LNG Plant Russia
Six years after construction started on the western shore of the Kola Bay, the first ever gravity-based structure for the production of LNG left the plant in Belokamenka (Russia) on July 21 and set out into the Barents Sea.
[Read more…] about First floating LNG platform sets out from Belokamenka towards GydanRussia targets Netherlands’ North Sea infrastructure
General – Russia
Russia has in recent months tried to gain intelligence to sabotage critical infrastructure in the Dutch part of the North Sea, Dutch military intelligence agency MIVD said on Monday.
[Read more…] about Russia targets Netherlands’ North Sea infrastructureWintershall Dea will exit Russia
General – Russia
Wintershall Dea intends to fully exit Russia following a principle decision of the Management Board, approved by the Supervisory Board.
[Read more…] about Wintershall Dea will exit RussiaEurope imports record amount of liquefied natural gas from Russia
General – LNG Import
European countries’ imports of Russian LNG increased more than 40 percent between January and October this year (17.8 billion cubic meters) compared to the same period in 2021.
Russian LNG is not subject to sanctions by the EU.
In fact, Russian gas is considered essential to the energy security of some European countries. Yet there is nothing to stop Putin from cutting back on these gas supplies as well in retaliation for anti-Russian measures by the West. This could still force the EU to purchase the gas on the more expensive spot market.
France, Belgium, Spain, and the Netherlands accounted for almost all volumes.
Most Russian LNG is supplied by the Yamal LNG joint venture, which has Russian gas producer Novatek as its main shareholder. French energy giant Total is also in Yamal LNG, by the way.
This proves how difficult it is for Europe to break away from the Kremlin’s energy apparatus. Despite other boycotts of Russian energy products.
Source: Financial Times and Business AM
