Tag: russian gas
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European Natural Gas Crisis: Tankers Idle Offshore Amid Supply Chain Bottlenecks and Storage Shortages
As Europe contends with its most significant energy crisis since the 1970s, a fleet of liquid natural gas (LNG) tankers has been observed idling off the coast, unable to offload due to a combination of re-gasification terminal shortages and storage capacity limitations. The continent is attempting to diversify its natural gas supply sources following Russia’s…
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China and India Boost Russia’s Economy by Increasing Oil Purchases Amid Western Sanctions
Recent shifts in global oil trade dynamics have seen China and India significantly increase their purchases of Russian oil, following Western sanctions imposed on Russia due to its invasion of Ukraine. These developments have altered traditional trade routes and pricing structures, with Russian oil now being sold at a discount. Despite the sanctions, Russia’s oil…