Developments are underway that will likely see more energy tie-ups between Russia and China including the Power of Siberia 2 pipeline, however closer association could present new problems as Russia seeks to pivot away from Western influences.

The deal helped smooth over disputes over who should carry the largest burden of cutting Russian gas use.

In the first hundred days of the Ukraine war, China overtook Germany and Italy as the largest importers of Russian fuels, a new report has found.

After haggling with Hungary for weeks, the deal exempts oil shipped by pipeline.

The war in Ukraine seems set to accelerate clean hydrogen development in the EU, in line with the bloc’s increased targets for hydrogen uptake, but the nascent industry still has considerable challenges to overcome.

Poland, Bulgaria and Finland are the first EU nations to see Russian gas deliveries completely cut off after the invasion of Ukraine, but others may soon follow as Moscow insists on payment in rubles and launches counter-sanctions against the West.

At least a partial embargo on Russian oil looks likely to be brought in by the EU, and the move would have far-reaching implications for global markets.

Hungary has delayed a European-wide deal to ban Russian oil imports, but if a deal is reached, it could have a big impact on Russia.

As a result of western sanctions on Russia, there will be almost no new supply from Arctic LNG in 2024 and 2025, he said.

Russia has exported an estimated 63 billion euros worth of fossil fuels since the beginning of the Ukraine war, a new study shows. The EU imported 71% of this, highlighting the challenge Europe is facing in weaning itself off Russian energy – and gas in particular.

By 2030, rich countries which produce over a third of the world’s oil and gas must slash output by 74%, the report says.

The U.S. ban on Russian oil imports may not mean all that much at first glance. But a combination of sanctions and ‘self-sanctions’ by companies globally is already disrupting the flow of Russian oil.