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  • How Europe could quickly cut its Russian gas use by a third

    Even with these interventions, gas prices are likely to continue to rise. So the final step recommended by IEA is for governments to increase their spending on energy bills subsidies for low-income households. But it won’t be cheap: Offsetting the price spike would cost EU nations about $61 billion.

  • Gulf states’ neutrality on Ukraine reflects deeper Russian ties

    Both the UAE and Saudi Arabia believe successive US administrations have been disengaging from the Middle East. They have been privately expressing their disgruntlement with US policies since former president Barack Obama was perceived to have ignored the interests of long-term Arab partners during the 2011 popular uprisings and when he signed up to the 2015 nuclear deal with Iran.

  • Ukraine’s Zelenskyy ups pressure on EU with plea for immediate membership

    “We ask the European Union for Ukraine’s immediate accession via a new special procedure,” he said, speaking on his Telegram channel as fighting with Russian troops continued across the country. “Our goal is to be together with all Europeans and, most importantly, to be on an equal footing. I’m sure it’s fair. I’m sure it’s possible.”

  • Why Ukraine crisis may compel Europe to turn to Qatar

    The clash over Ukraine has led the United States to reach out to Qatar and other gas producers to increase their exports. Qatar was the second largest exporter of LNG in 2021, narrowly surpassed by Australia.

  • How Europe is funding Putin’s war

    Other than shelving the Nordstream 2 pipeline between Russia and Germany — that was not yet operating — European leaders had been reluctant to hit Russian oil and gas interests directly in sanctions announced ahead of the Russian invasion. The sanctions package announced on Thursday evening also shied from significant blocks on Russia's trade in oil and gas although it did include some limited energy provisions. To severely curtail the flow of funds to the Kremlin and hence to the war effort in Ukraine, Western countries could reduce Russian gas purchases and place an embargo on sales of Russian oil. But that would push prices and hence inflation even higher, which is a price most EU countries are unwilling to pay.

  • Green hydrogen now cheaper than blue in Middle East, but still way more expensive in Europe

    Renewable H2 would cost less to produce across the Gulf states, based on today's gas and power prices, but such a price difference seems unlikely in European nations until the 2030s, according to separate analyst figures

  • U.S. LNG exports to Europe hits record in January

    The U.S. became Europe’s largest source of liquefied natural gas (LNG) in 2021, accounting for 26% of all LNG imported by European Union member countries. In January 2022, the United States supplied more than half of all LNG imports into Europe for the month.

  • Three countries provided almost 70% of liquefied natural gas received in Europe in 2021

    In 2021, a large share of Europe’s supply of liquefied natural gas (LNG) originated in the United States, Qatar, and Russia. Combined, these three countries accounted for almost 70% of Europe’s total LNG imports, according to data by CEDIGAZ. The United States became Europe’s largest source of LNG in 2021, accounting for 26% of all LNG imported by European Union member countries (EU-27) and the United Kingdom (UK), followed by Qatar with 24%, and Russia with 20%. In January 2022, the United States supplied more than half of all LNG imports into Europe for the month.

  • Why Europe Is Looking to Nuclear Power to Fuel a Green Future

    Not all EU member states rely on gas and nuclear as energy fuels. Several are programmatically opposed to nuclear power, and Europe’s dependence on foreign gas supply is highlighted by the Russia-Ukraine crisis. But the EU is running out of time to decarbonize, its power demand will keep increasing, and the share of nuclear power and gas in the EU energy sector is too great to quickly replace.

  • GCC and EU seek stronger ties at high-level talks

    A post-summit joint statement said ministers had stressed the importance of joint action on climate change, protecting the environment and developing renewable energies. They also congratulated the UAE for its planned hosting of the UN climate conference Cop28 next year. Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan co-chaired the talks with Mr Borrell.