Ukraine invasion: Companies with interests in Russian oil & gas forced to reassess operations
Companies with interests in Russian oil & gas forced to reassess operations
Show all languages
The content is also available in the following languages: 日本語
Companies with interests in Russian oil & gas forced to reassess operations
"We commit to phase out our dependency on Russian energy, including by phasing out or banning the import of Russian oil", the joint statement says.
The European Commission is proposing phasing out Russian crude oil within six months and refined oil by the end of the year, with most recent plans giving Hungary, Slovakia and Czech Republic longer phase-out periods.
Country receives about €62bn from exports of oil, gas and coal in two months, with Germany the biggest importer
BP and Shell have tightened up their self-imposed restrictions on purchases of Russian-origin oil products.
Duarte Cordeiro stated that the Government does not advocate any response to the energy crisis, “but one that safeguards the limits of the natural system."
Global Witness petition calling on EU, UK and US govts to sanction Russian oil, coal and gas & urgently accelerate energy transition; the organisation estimates that Western energy companies have paid almost $100bn to Russia since Crimea invasion in 2014
Lithuania says it has cut itself off entirely of gas imports from Russia, apparently becoming the first of the European Union's 27 nations using Russian gas to break its energy dependence upon Moscow
Coal demand began surging in 2021 as gas prices rose, an effect intensified by the Russian invasion of Ukraine, threatening the EU’s legally binding 2030 climate target.
BP is abandoning its stake in Russian oil giant Rosneft in most significant move yet by a Western company in response to Moscow's invasion of Ukraine.
The German government has been worried about being sued by the fossil fuel companies behind the Russian gas pipeline under the Energy Charter Treaty. This explains the German delay in halting Nord Stream 2 following the Russian invasion of Ukraine.