Europe’s Russia sanctions have spurred world oil producers to boost their output
Global gas market reawakened by ‘Russia effect’
Industry takes fresh look at moribund, risky or questionable gas and LNG projects
The ‘Structures A and E’ project off the Libyan coast is as prosaic as its name implies, holding an unspectacular 6tn ft³ (170bn m³) of gas. Plans to extract it date from 2008, but the operator, Italy’s Eni, had been content to leave it in the ground given the upheaval in Libya. That upheaval has not gone away: the country has two rival governments, militias rule the capital and its National Oil Corporation is riven with infighting. But in January, Eni cast those worries aside and announced it was developing Structures A and E. One big reason is the ‘Russia effect’—Europe’s thirst for new gas following the imposition of sanctions on Moscow. Russia supplied half of Europe’s gas before its inv
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
