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June 20, 2024 3:08 PM

EU states approve 14th sanctions package against Russia, diplomats say

European Union countries approved a 14th package of sanctions against Russia over its war in Ukraine, diplomats said on Thursday, including a ban on re-exports of Russian liquefied natural gas (LNG) in EU waters. Belgium, which holds the rotating EU presidency until July 1, said on the X platform that the package "maximises the impact of existing sanctions by closing loopholes". Countries debated the new measures for over a month and ultimately watered down one of the Commission's proposals, a...

June 6, 2024 1:48 PM

Scorching heat drives India’s gas-fired power use to multi-year highs in May

Sweltering heat and policy measures are fuelling a surge in the use of gas-fired power in India, with imports of liquefied natural gas (LNG) forecast to rise sharply over the next two years, industry officials and experts say. The country's gas-fired power generation doubled in April and May to 8.9 billion kilowatt-hours (kWh) compared with the same period last year, data from Grid India showed, eating into the share of coal-fuelled electricity for the first time since the COVID-19 pandemic. M...

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