Germany to halve imports of Russian oil by summer | Russia-Ukraine war News

[ad_1] Economy minister lays out measures to boost energy independence for Europe’s economic powerhouse. Germany has unveiled plans to halve its imports of Russian oil by the summer (beginning in June), as Western nations seek to cut off economic ties with Moscow as punishment for invading Ukraine. Before the war began on February 24, a … Read more

EU clinches US LNG deal in bid to curb reliance on Russian gas | Russia-Ukraine war

[ad_1] The European Union and United States are set to unveil a deal on Friday to supply Europe with more US liquefied natural gas (LNG), sources told the Reuters news agency, as the European bloc seeks to quickly curb its reliance on Russian fossil fuels. The invasion of Ukraine by Russia, Europe’s top gas supplier, … Read more

Canada to increase oil, gas exports amid push to displace Russia | Oil and Gas News

[ad_1] Canada says move comes after European allies said they ‘need help’ as they ease dependence on Russian energy supplies. Canada plans to increase oil and gas exports this year by up to 300,000 barrels per day, the country’s natural resources minister has said, as nations seek to wean themselves off Russian energy supplies amid … Read more