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Trump’s Russia threat rings hollow
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
Waiting for Arctic LNG 2
Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
US, Russia and China circle the Arctic
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Azerbaijan enjoys rare upstream FID
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Saudi Arabia and Russia pull OPEC+ in different directions
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Is a Russia-Iran gas deal on the horizon?
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Europe’s hard choices on gas security
EU half measures over storage regulation, geopolitical risks to ending Russian gas, power outage questions and China’s LNG resale leverage make for a challenging path ahead.
India’s Russian crude buying has reached its limit
Middle East grades remain a diminished but important part of the South Asian country’s diet, especially as new refining capacity comes online
US goes after Russian gas money, part 2
While Donald Trump’s future sanctions policy is anything but certain, he may use a ‘carrot and stick’ approach to pursue an end to the war in Ukraine, although any changes will not happen overnight
US goes after Russian gas money, part 1
The latest sanctions on Gazprombank and other Russian banks may cause disruption, but willing buyers of Russian energy will find ways to continue payments
Azerbaijan Russia Socar Gazprom
James Gavin
16 April 2018
Follow @PetroleumEcon
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Southern Gas Corridor project defies sceptics

Azeri gas will be flowing into Europe via a new route by the summer

When the first gas flows through the Turkish stage of the Southern Gas Corridor (SGC) pipeline network this July, Europe will have made a symbolic and important step towards its goal of loosening its dependence on Russian gas. The amount of gas involved is relatively small—just 10bn cubic meters sourced from Azerbaijan's Shah Deniz II field, compared to the 194bn cm of Russian gas that went Europe's way in 2017. At one point in its gestation there were plans to pump up to 60bn cm of gas through the SGC—an amount that really would have shaken up market shares in Europe. Nevertheless, the SGC has a strategic value to Europe that outweighs the volumes involved. EU officials say the SGC is as mu

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