Ukraine has suspended Russian oil pipeline flows to parts of central Europe since early this month because Western sanctions prevented it from accepting transit fees from Moscow, Russian pipeline monopoly Transneft said on Tuesday.
Germany's network regulator, which would be in charge of gas rationing in the event of a supply emergency, has received scores of exemption requests from across industry, reflecting fears of potential production cuts and subsequent losses.
The U.S. Senate climate bill’s fee on oil and gas industry methane emissions will cover less than half the sector’s releases of the powerful greenhouse gas, thanks to concessions made to win over party holdout Joe Manchin, according to a review of the legislation and interviews with lawmakers that negotiated it.
Italy is in a better position than other countries as winter approaches, after it clinched deals with gas producer countries in Africa and ramped up the filling of gas storages, the country's Ecological Transition Minister said on Tuesday.
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Global EnergyAugust 8, 2022 · 5:35 AM PDT
Climate bill is set to supercharge infrastructure spending
The Inflation Reduction Act includes $400 billion for solar, wind, EVs and energy infrastructure. Satya Pradhuman of Cirrus Research told Reuters that will fuel not just industrials, but chemicals and semiconductors too.
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