Outages at three major Norwegian facilities on June 13 and the resulting spike in European gas prices highlighted the continent’s now significant reliance on Norway’s gas and its vulnerability to supply shocks. [Gas in Transition, Volume 3, Issue 7]
The 28th edition of the United Nations Climate Change Conference (COP28) that opens in Dubai, United Arab Emirates (UAE), on November 30 has brought the usual flurry of diplomatic preparation heightened this year by a surge in global temperatures and an outbreak of massive wildfires and extreme weather.
Weak gas prices have lowered expectations for Gazprom s revenues, which the Kremlin-controlled energy giant generates from sales to Europe, according to analysts and Reuters calculations.
After years of underinvestment in oil and gas supply, policymakers are now pushing to increase production in response to the energy crisis. But short-termism will undermine development. [Gas in Transition, Volume 2, Issue 5]