CAF approved the disbursement of 1,650 million dollars corresponding to seven loans destined to support the economic development of Latin America and the Caribbean, with Argentina, Brazil, Paraguay, Peru and Trinidad and Tobago as beneficiaries.
These operations are intended for strategic…
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Gas
EU closes an agreement with Azerbaijan on gas supply until 2027
The EU ratified the agreement with Azerbaijan to double the supply of gas until 2027, from the 8,100 million cubic meters supplied in 2021 through the southern gas corridor, which connects the country with the community market through…
Non-associated gas is the future of Venezuela
The oil specialist José Toro Hardy pointed out, in a radio program, that the future of Venezuela lies in gas, particularly non-associated gas. The Caribbean country has large reservoirs throughout the territory that have not yet been…
The EU requires its States to load 80 % of their gas deposits
The European Union (EU) decided to officially adopt the regulation that establishes that community gas tanks must be loaded to at least 80 % of their capacity by next fall, and also requires sharing the tocks between the EU countries with…
Sánchez warned about the reform of the European electricity market
The President of the Government of Spain, Pedro Sánchez warned at the Davos Economic Forum about the need for Europe to reform the electricity market, because otherwise it will endanger the green transition to which it aspires, due to the…
Italian oil company opens ruble accounts to pay for Russian gas
The Italian oil company Eni announced the opening of bank accounts in euros and items in the Russian financial entity Gazprombank in order to carry out the necessary transactions for the supply of Russian gas and thus comply with the new…
The US will release a million barrels of oil daily
Joe Biden, President of the United States, ordered the release of one million barrels of oil per day for the next six months, in order to replicate the increase in energy prices as a result of the war between Russia and Ukraine.
This is…
Venezuela aspires to increase its oil production by 2022
Venezuela plans to increase its oil production goals to 2 million barrels per day, as well as its derivatives, as part of the economic growth plan for 2022, as announced by the Oil Minister and Sector Vice President of Economy, Tareck El…
Oil price could hit $300
Given the ban by the United States on the import of oil and gas from Russia, the latter warned that the price of crude oil could reach 300 dollars per barrel.
This was indicated by the Russian Deputy Prime Minister, Alexander Nóvak, who…
Biden blocks import of oil and gas from Russia
The president of the United States, Joe Biden, announced a ban on the import of oil, gas and coal from Russia, assuming that there may be other allies who, like the Europeans, cannot yet take such a big measure.
"We will not subsidize…
Gas exports from the US to Europe could increase
The United States could start exporting gas to Europe, which will start the acceleration of some operations in terms of regasification infrastructure to increase the volume of sales.
According to data from Gasindustrial, the price of LNG…
Germany will stop financing fossil fuels projects abroad
Germany on Tuesday joined a declaration to stop financing fossil fuel projects abroad by the end of 2022.
The Secretary of State for the Environment, Jochen Flasbarth, and a representative of the British presidency of the World Climate…