Security of Supply
The Iran gas pipeline attacks point to escalating tensions in the region.
The ongoing conflict in Gaza has led to questions over the risk to existing and new natural gas projects in the Eastern Mediterranean.
Boosting national gas and renewables production are among the energy pledges of the new government in Italy led by far-right leader Giorgia Meloni, which was sworn in on October 22.
Denmark’s plans to export renewables to North West Europe via energy islands in the North and Baltic Seas are beginning to look increasingly promising following growing political support to tackle energy security and volatile prices due to the Ukraine war.
After haggling with Hungary for weeks, the deal exempts oil shipped by pipeline.
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.
As a result of western sanctions on Russia, there will be almost no new supply from Arctic LNG in 2024 and 2025, he said.
Wood Mackenzie makes five key points that governments and business should consider as they grapple with the twin challenges of energy security and meeting emissions reductions targets.
Calls for more oil production in the U.S. are growing louder following Russia’s invasion of Ukraine. But after years of losing money from aggressive drilling, companies are reluctant to return to old ways.
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.