Qatar seals 27-year LNG deal with China as competition heats up

Qatar seals 27-year LNG deal with China as competition heats up

Talks with other Chinese, European buyers ongoing -Kaabi Says buyers may take up to a 5% stake in expansion Says deal signals importance of secure long-term supply DOHA, Nov 21 (Reuters) – QatarEnergy has signed a 27-year deal to supply China’s Sinopec with liquefied natural gas in the longest such LNG agreement to date as … Read more

Oil flows on Druzhba pipeline suspended in parts of Eastern Europe

Oil flows on Druzhba pipeline suspended in parts of Eastern Europe

BUDAPEST/PRAGUE, Nov 15 (Reuters) – Oil supply to parts of Eastern and Central Europe via a section of the Druzhba pipeline has been temporarily suspended, according to oil pipeline operators in Hungary and Slovakia. The extent of the disruption was not immediately clear, and came concurrent with an explosion in a village in eastern Poland … Read more

UK to announce US gas deal after climate change summit -Telegraph

UK to announce US gas deal after climate change summit -Telegraph

Nov 7 (Reuters) – British Prime Minister Rishi Sunak is poised to announce a major natural gas deal with the United States after the COP27 climate change summit, the Telegraph newspaper reported on Monday. Britain hopes the United States will promise about 10 billion cubic meters of liquefied natural gas (LNG) over the coming year, … Read more

Western officials finalizing plans for Russia oil-price cap

Western officials finalizing plans for Russia oil-price cap

WASHINGTON, Oct 26 (Reuters) – US and Western officials are finalizing plans to impose a cap on Russian oil prices amid a warning from the World Bank that any plan will need active participation of emerging market economies to be effective. Officials said no price range has been decided yet, however one person familiar with … Read more

Exclusive: Exxon exits Russia empty-handed with oil project ‘unilaterally terminated’

Exclusive: Exxon exits Russia empty-handed with oil project ‘unilaterally terminated’

HOUSTON, Oct 17 (Reuters) – Exxon Mobil Corp (XOM.N) said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil project . Exxon did not say if it received any compensation for the assets, … Read more

EXCLUSIVE Schlumberger faces employee backlash in Russia over cooperation on draft

EXCLUSIVE Schlumberger faces employee backlash in Russia over cooperation on draft

Oct 14 (Reuters) – Some of oilfield service firm Schlumberger’s (SLB.N) more than 9,000 Russian employees have begun receiving military draft notices through work, and the company is not authorizing remote employment to escape mobilization, according to people familiar with the matter and internal documents. Schlumberger’s cooperation with authorities by delivering the military call-ups and … Read more

Gazprom: NATO mine destroyer was found at Nord Stream 1 in 2015

Gazprom: NATO mine destroyer was found at Nord Stream 1 in 2015

MOSCOW, Oct 10 (Reuters) – A spokesperson for Russian energy giant Gazprom (GAZP.MM) said on Monday that a mine destroyer discovered at the Nord Stream 1 offshore gas pipeline in 2015 belonged to NATO. Nord Stream reported on that date in 2015 that a “munitions object” had been cleared by the Swedish armed forces, without … Read more

EXCLUSIVE US Navy jet flew across Baltic hours after Nord Stream burst

EXCLUSIVE US Navy jet flew across Baltic hours after Nord Stream burst

Tracking data shows jet flew near site of Nord Stream 2 hours after first damage US navy confirmed it was an American aircraft Says flight was routine OSLO/PARIS/WASHINGTON, Oct 7 (Reuters) – A US Navy reconnaissance aircraft flew near the site of the ruptured Nord Stream 2 pipeline in the Baltic Sea hours after the … Read more

EU executive proposes eighth batch of sanctions against Russia

EU executive proposes eighth batch of sanctions against Russia

EU states start negotiating new package of Russia sanctions 27 member countries split on oil price cap Ukraine: It’s needed to stop ‘blood money’ flowing to Russia BRUSSELS, Sept 28 (Reuters) – The European Union executive proposed on Wednesday an eighth round of sanctions against Russia over its invasion of Ukraine, including tighter trade restrictions, … Read more

Germany, EU race to fix energy crisis

Germany, EU race to fix energy crisis

Register now for FREE unlimited access to Reuters.com Register Germany plans to expand lending to energy firms EU securities watchdog mulling EU-wide measures Commission to announce broader plans on Wednesday BERLIN/FRANKFURT, Sept 13 (Reuters) – Germany will step up lending to energy firms at risk of being crushed by soaring gas prices, it said Tuesday, … Read more