Germany says Russia oil embargo would be ‘manageable’ – POLITICO

Berlin could handle an embargo on Russian oil imports, Germany’s Climate and Economy Minister Robert Habeck said on Tuesday, suggesting the country could end its dependence on Moscow within “days.” Habeck, speaking at a press conference in Warsaw, said that Germany had managed to slash its reliance on Russian oil by two-thirds in recent weeks, … Read more

Norway Raises Gas Output As Europe Scrambles For Non-Russian Supply

Western Europe’s top oil and gas producer, Norway, raised its natural gas production by nearly 6 percent in March compared to March 2021, exceeding forecasts by 6.3 percent, the Norwegian Petroleum Directorate (NPD) said on Thursday. Norway’s gas has been in high demand since the autumn of last year, when the energy crisis in Europe … Read more

How Lithuania cuts its ties to ‘toxic’ Russian gas – POLITICO

Press play to listen to this article Twelve years ago, Lithuanian company administrator Rokas Masiulis was handed a new job with an ambitious target: end his country’s reliance on Russian gas. In his new post as head of Klaipėdos Nafta, a state-controlled oil terminal operator, Masiulis was to oversee the commissioning and delivery into service … Read more

Diversification from Russian gas ‘possible and feasible,’ says Draghi – POLITICO

Europe can limit its dependence on Russian energy through diversification “in a relatively short time,” Italy’s Prime Minister Mario Draghi said in an interview with Corriere della Sera published on Sunday. “We no longer want to depend on Russian gas, because economic dependence must not become political subjugation,” he said. “To do this, we need … Read more

Brussels warns EU countries that ruble gas payments may breach sanctions – POLITICO

Press play to listen to this article European governments are facing a major dilemma after the European Commission said Moscow’s demand that payments for gas deliveries be converted into rubles risks breaching EU sanctions. A decree signed by President Vladimir Putin on March 31 creates a process where foreign buyers of gas from so-called “unfriendly … Read more

Italy looks to demote Russia and make Algeria its top gas supplier – POLITICO

Algeria is set to overtake Russia as Italy’s largest gas supplier thanks to a deal struck Monday by Italian Prime Minister Mario Draghi as Rome scrambles to replace Russian gas. Russia supplies about 40 percent of Italy’s natural gas, but that dependence is now seen as a danger following Russia’s invasion of Ukraine. Indeed, although … Read more