United States weighs largest ever draw from emergency oil reserve -sources | Reuters – https://www.reuters.com/business/energy/biden-will-give-remarks-thursday-efforts-lower-gas-prices-white-house-2022-03-31/

The latest amount of U.S. #oil release being considered, which is equivalent to about two days of global demand, would mark the third time the United States has tapped its strategic reserves in the past six months, and would be the largest release in the near 50-year history of the #SPR.

The White House said Biden will deliver remarks at 1:30 p.m. ET (1730 GMT) on "his administration's actions to reduce the impact of Putin's price hike on #energy prices and lower #gas prices at the pump for American families.

Given that the United States is taking a "muscular stance toward Moscow, promising more #sanctions, we believe the SPR release is being used as a tool to blunt the impact of these foreign policy decisions for US consumers," RBC Capital said in a note to clients

Elijah J. Magnier 🇪🇺 (@ejmalrai): "War in #Ukraine: If you wonder why @Joebiden announced the suspension of #NordStream2 #US liquefied natural #gas exports rise 16%, to a new record. Europe is the top importer taking 65% of US exports. About 12% went to Asia, and 3% to Latin America. https://www.reuters.com/business/energy/us-liquefied-natural-gas-exports-rise-16-new-record-2022-04-01/" | Nitter | PussTheCat.org – https://nitter.pussthecat.org/ejmalrai/status/1510269555846918149#m

Javier Blas (@JavierBlas): "BREAKING: Germany takes over a key #European unit of Russian state-owned gas giant Gazprom, effectively nationalizing the unit until at least Sept. 30 (In legal terms, the unit, called #Gazprom Germania GmbH, is put under the trusteeship of the German energy regulator) #ONGT" | FDNitter – https://nitter.fdn.fr/JavierBlas/status/1510997161399533569#m

Germany to Nationalize Gazprom Unit to Safeguard Gas Supply - Bloomberg – https://www.bloomberg.com/news/articles/2022-04-04/germany-to-temporarily-run-gazprom-unit-to-safeguard-gas-supply

#Russia #Ukraine #gas

The Economic Consequences of a Stop of Energy Imports from Russia – https://www.cae-eco.fr/the-economic-consequences-of-a-stop-of-energy-imports-from-russia

This Focus provides an estimation of the effects of a Russian stop of energy imports. The main results are as follows:

The impact for #France would be modest, with a decline of around 0,15 to 0,3% in gross national income. For Germany, the negative impact on gross national income is real (around 0.3% and up to 3% in the most pessimistic scenarios) but overall moderate and can be absorbed. The same is true for the EU as a whole, although there is significant heterogeneity in the magnitude of the shock across countries. For some #EU countries, the consequences are much greater: #Lithuania, #Bulgaria, #Slovakia, Finland or the #Czech Republic may experience national income drops of between 1 and 5%.

https://www.cae-eco.fr/staticfiles/pdf/cae-focus84.pdf

#Gazprom #gas #Pipelines – https://eegas.com/fsu.htm

#Russia #Ukraine #sanctions

Elijah J. Magnier 🇪🇺 (@ejmalrai): "The #US President @JoeBiden: "Harsh sanctions on #Russia, boycott energy and commerce; Europe can pay more for the US #gas and stop importing the Russian one; suspend #NordStream2.......but we and only we can keep buying the Russian oil"." | Nitter | PussTheCat.org – https://nitter.pussthecat.org/ejmalrai/status/1511283028009660419#m

Yawen Xu (@YawenXu17): "#US increases imports of Russian crude oil by 43% over the past week while Washington does not allow Europeans to take similar measures. That’s just hypocrisy at another level. #Russia #oilprice" | Nitter | PussTheCat.org – https://nitter.pussthecat.org/YawenXu17/status/1510894479795924992#m

#Ukraine #Sanctions

European Parliament votes for immediate and full import ban on Russian fossil fuels
MEPs have voted strongly to cut off imports

MEPs have voted strongly to cut off imports of Russian oil, gas, coal and nuclear fuel to hurt the Russian war effort in the wake of atrocities that have emerged in Ukraine

https://www.maltatoday.com.mt/news/ewropej/116165/european_parliament_votes_for_immediate_and_full_import_ban_on_russian_fossil_fuels
#gas #europe

Bloomberg Energy (@BloombergNRG): "German economists warn that a full halt in Russian natural #gas imports would result in a “sharp recession” https://trib.al/MG3Jduh" | FDNitter – https://nitter.fdn.fr/BloombergNRG/status/1514189675568799751#m

Bloomberg Energy (@BloombergNRG): "Growing calls for the European Union to ban Russian oil imports may be overlooking a crucial flaw in its strategy to punish Moscow: India https://trib.al/S6NmLCG" | FDNitter – https://nitter.fdn.fr/BloombergNRG/status/1514490016491360259#m

#Russia #sanctions #EU #gas #gaz #pétrole #oil #crudeOil #India

⚡️The Economist edition states the recovery of the Russian economy caused by an 80% increase in gas revenue.

https://www.economist.com/finance-and-economics/2022/05/07/russias-economy-is-back-on-its-feet
#russia #gas #inflation

Was #Shinzo #Abe targetted because of his desire for strong #economic & business links between #Japan and #Russia?

Abe’s engagement was part of his new approach to Russia, one that sought to push forward peace-treaty negotiations using economic incentives.

In 2016, Abe offered Russia an eight-point economic cooperation plan, which included

• Joint development of Russian #oil and natural #gas fields,

•Japanese support for the #infrastructure improvement of a Russian city,

•and a Japanese #loan to Russia’s #Sberbank.

https://www.fpri.org/article/2022/06/japan-russia-relations-after-the-russian-ukrainian-war/“

Norway’s atonement for Nord Stream sabotage - Indian Punchline
https://www.indianpunchline.com/norways-atonement-for-nord-stream-sabotage/

#NordStream2 #Nato #Norway #Ukraine #gas #EU #Russia

Nord Stream Bombing: Debunking the Mainstream Media Narrative 🐡
https://invidious.snopyta.org/watch?v=7LJ6QZUzyb8&local=true

#Nato #EU #Europe #US #sabotage #pipeline #gaspipeline #gazprom #Russia #Ukraine #NordStream2 #gas

Palestine, The Levant Basin, and The Ben Gurion Canal. (6 min, 7 sec)
🥑Join: @davidavocadowolfe 🥑
#gas #oil

The plan for Israel to supply natural #gas to Europe

"In December 2022, Netanyahu came along becoming the prime minister of Israel for the sixth time. And he offered the US and the UK a revival of the plan to make Israel the supplier of oil and gas to Europe, this time complete with the timeline of early 2024 to achieve that objective.
The US and UK accepted this timeline with open arms, as the situation is getting bad for them, and continue to get worse now.  
This is the casus belli for Israel’s declaration of war on Hamas."

https://www.malaysianow.com/opinion/2023/11/10/the-plan-for-israel-to-supply-natural-gas-to-europe

#Gas looms large in Eastern #mediterranean
#geopolitics