Liquefied Natural Gas

June 25, 2024 2:21 PM

EU adopts new sanctions against Russia, including LNG

European Union countries adopted a 14th package of sanctions on Russia that aims to close some circumvention loopholes and hits Russia's gas exports for the first time, EU foreign affairs ministers said in a statement on Monday. Western powers imposed sweeping sanctions on Moscow after Russia launched a full-scale invasion of Ukraine in February 2022, which has been progressively ramped up since. The package will also add 116 entities and individuals to the sanctions list bringing, the total t...

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...