Russia Gasoline Exports Surges, turns to Africa after EU Embargo Chigozie Ikpo Russian gasoline exports recorded growth in the first quarter of the year compared to the same period in 2022, as Moscow continues to place volumes of fuels with African customers after the EU embargo on seaborne imports of Russia’s fuels. The country’s gasoline…
US Approves Exports from Planned Alaska LNG Project The Department of Energy approved on Thursday LNG exports from a proposed $39-billion Alaska project, with which the Biden Administration drew criticism from environmentalists again. DOE approved exports by vessels from the planned Alaska LNG Project to countries with which the U.S. does not have free trade…
Russia’s Oil first quarter Revenues Rebound as Exports Surge to Three-Year High Russia’s crude oil and refined product exports surged in March to the highest level since April 2020, as fuel exports jumped, bringing $1 billion more to Putin’s oil revenues last month compared to February, the International Energy Agency (IEA) said on Friday. …
Nigeria Extends its EEZ from 200 to 350 Nautical Miles The Federal Government through the National Boundary Commission has gotten approval to extend its Exclusive Economic Zone, EEZ, from 200 Nautical Miles to 350 Nautical Miles. Recall a little over ten years ago, Nigeria applied for the extension of its Exclusive Economic Zone through the…
Novatek seen Winning Big from Shell’s Sakhalin-2 Stake Russian natural gas producer Novatek has scooped a lucrative deal with its purchase of Shell’s stake in the Sakhalin-2 energy project, analysts said on Thursday. Sakhalin-2’s operating company was transformed into a Russian entity via a presidential decree in June amid Western sanctions against Moscow over its…