At the start of this year, Pakistan had more imported liquefied natural gas (LNG) than it could use, with demand falling from a peak of 8.2 million tonnes in 2021 to 6.1 million tonnes by late 2025. The government sold excess gas shipments to other countries and shut down domestic gas wells to prevent pipelines from bursting under oversupply.
When London granted independence to its former colony in 1960, it reserved this territory and Dhekelia, in the east of the island, to maintain a foothold in the Middle East. In fact, both bases have been used in the invasion of Iraq, the war in Afghanistan, the operation against Gaddafi in Libya, and the protection of Israel during the 2024 Iranian attack.
The fire at Primorsk is a significant blow to Russia's oil export capacity. Even a brief shutdown could create significant ripple effects throughout the global energy markets, introducing increased volatility and uncertainty that could affect consumers and businesses alike.
The Arctic Metagaz was part of a Russian shadow fleet used to circumvent sanctions imposed on the country's oil and gas after its full-scale invasion of Ukraine in February 2022. It was struck in a suspected drone attack close to Maltese waters earlier this month, causing a huge hole.
An increase in defense spending has been most visible and sustained in Serbia. Over the past decade, there has been pressure to replace weapons inherited from the Yugoslav People's Army, while the political leadership has also recognized the political and symbolic value of such investments.
Leading members of Donald Trump's campaign to overturn the 2020 presidential election are seeking a huge European pipeline contract, the latest figures from the US president's circle to mix business and geopolitics. Jesse Binnall, a lawyer who worked on legal actions advancing Trump's baseless claim that the vote was stolen from him, and Joe Flynn, who also sought to undermine Joe Biden's victory, have been in Bosnia this week to discuss the project.
QatarEnergy on Monday suspended LNG production following a drone attack, straining the global market. The measure followed Iranian drone attacks on a water tank at a power plant in Mesaieed Industrial City and an energy facility in Ras Laffan belonging to QatarEnergy, the world's largest LNG producer.
We request Croatia to enable the transport of Russian oil to Hungary and Slovakia via the Adria pipeline, as our sanctions exemption provides the possibility to import Russian oil by sea if pipeline deliveries are disrupted,
Special forces assisted by French helicopters boarded the ship in a clandestine operation in the North Sea on Saturday night, Belgium's defence minister, Theo Francken, said on Sunday. Prosecutors said the tanker, identified as the Ethera, was falsely flying the flag of Guinea and was believed to be on its way back to Russia when it was seized in Belgium's exclusive economic zone.
"agreement is a long-overdue step toward dismantling one of the Kremlin's most powerful economic weapons. Every cubic meter of Russian gas kept flowing into Europe has helped finance the missiles that strike Ukrainian cities. This Regulation, if implemented without loopholes, brings Europe closer to honouring its promise to end this deadly dependency."
In part due to the war in Ukraine and the imposition of sanctions on Russian pipeline gas, European countries have become dependent on shipments of US liquified natural gas (LNG), according to a paper co-authored by the Clingendael Institute, in The Hague, the Ecologic Institute, in Berlin, and the Norwegian Institute of International Affairs. The development is fraught with risk at a time when Trump has shifted towards a more explicitly interest-driven, protectionist and ideologically charged approach, the paper says.
It is pre-dawn in the historic Podil district of the Ukraine capital, Kyiv, and warm light from the Spelta bakery-bistro's window pierces the darkness outside. On a wooden surface dusted with flour, the baker Oleksandr Kutsenko skilfully divides and shapes soft, damp pieces of dough. As he shoves the first loaves into the oven, a sweet, delicate aroma of fresh bread fills the space.
Oil and gas exports have sustained Russia's finances throughout its war against Ukraine. But as the fourth anniversary of the full-scale invasion approaches, those cash flows have suddenly dwindled to lows not seen in years. It's the result of new punitive measures from the U.S. and the European Union, U.S. President Donald Trump's tariff pressure against India, and a tightening crackdown on the fleet of sanctions-dodging tankers carrying Russian oil.
Ukraine and its neighbor Moldova both experienced power outages on Saturday amid problems on Ukraine's grid, officials said. The grid emergency caused a halt to Kyiv's water supply and metro operations, while most districts in Moldova's capital, Chisinau, were without electricity, they said.