Energy

  Bloomberg Promoters of a stalled project to build a C$9 billion ($7.2 billion) terminal to export liquefied natural gas from Quebec in Canada are seeking to revive the plan by garnering support from Europe, which is scrambling to find alternatives to Russian supplies. GNL Quebec Inc’s Energie Saguenay project was rejected by both the federal and provincial authorities recently ...

Bloomberg Europe’s push to wean itself off Russian natural gas is sparking billions of dollars in new commitments toward building a market for low-carbon hydrogen. A nearly 450% jump in European gas prices the past year made the green fuel of the future cost-competitive about a decade ahead of schedule, according to BloombergNEF. Now, investment funds are joining governments and ...

  Bloomberg Japan will ban imports of Russian coal, Prime Minister Fumio Kishida said, in a bold policy shift that adds pressure on Moscow after the European Union announced its own embargo on the fuel. “Russia’s cruel and inhumane actions are coming to light one after another all over Ukraine,” Kishida told reporters in Tokyo, adding Moscow must be made ...

Bloomberg European Union nations have frozen some 29.5 billion euros ($32.1 billion) in assets linked to Russian and Belarusian individuals and entities since the bloc adopted its first sanctions over Russia’s invasion of Ukraine. The EU’s new “freeze and seize” task force said that more than half of the bloc’s 27 member nations have informed it about the measures they ...

  Bloomberg The owners of an oil-production and storage ship had a history of financial problems before the vessel blew up in Nigerian waters two months ago. The Trinity Spirit, which caught fire on February 2, burned for more than 24 hours and left a stain of crude stretching for miles across the Atlantic Ocean. While the cause of the ...

  Bloomberg France would first halt large gas-fired power plants if any Russian supply disruption creates a shortage, while households would be the last in line, according to the country’s main gas-transmission network operator GRTgaz SA. European governments are preparing plans to prevent a massive hit on their economies should an increasingly isolated Russia halt gas flows ahead of next ...

  Bloomberg Germany will step in if gas-storage operators fail to fill facilities sufficiently to comply with new requirements, as the government takes a tougher line to secure supplies for next winter. Under the new rules — approved by the upper house of parliament on Friday and due to take effect from May 1 — operators must fill storage facilities ...

Bloomberg The European Union is planning to propose a mandatory phaseout on coal imports from Russia in a direct response to reports that Russian forces committed apparent war crimes in Ukraine, according to people familiar with the matter. The action on coal would be added to a package of steps aimed at strengthening existing measures and correcting loopholes that was ...

Bloomberg Poland’s plan to quickly cut down on coal as its main electricity fuel may take longer than expected as the country seeks to limit its investments in gas-fired power units. The European Union’s most coal-reliant nation intends to increase the usage of power plants fired by the dirty fuel “in short- and mid-term,” the State Assets Ministry said in ...

Bloomberg Germany is seeking a buyer for Gazprom PJSC’s unit in the country by offering state-backed loans for private companies willing to take parts of or the entire business, according to a person familiar with the matter. The German government is in talks with private buyers interested in Gazprom Germania GmbH or some of its units, which include energy supplier ...