News & Analysis as of

Russia Oil & Gas Natural Gas

Troutman Pepper Locke

Financial Transactions Related to Russian Energy Now Prohibited: Expiration of OFAC ‎General License 8L

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On March 12, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) allowed General License (GL) 8L under the Russian Harmful Foreign Activities Sanctions Regulations to expire. As a result, broad OFAC...more

Flaster Greenberg PC

If Europe Freezes, Will Ukraine Burn?

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As I predicted might happen in a previous article, Ukrainian President Volodymyr Zelenskyy stopped Russia from exporting oil and natural gas pumped in Russia through pipelines traversing Ukraine to Austria, Hungary and other...more

Flaster Greenberg PC

Europe's Latest Energy Challenge - Expiring Russia/Ukraine Transit Agreement

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Despite being at war for almost three years, Russia has continued to ship natural gas via pipelines through Ukraine to other countries in Europe. That has kept money flowing to both countries, which helps as they try to kill...more

Cornerstone Research

U.S. Natural Gas Marketed Production Reaches Record Highs

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Ukraine War contributes to substantial increase in U.S. LNG exports to Europe. Washington—Annual marketed production of natural gas increased in the United States to a record high in 2022...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights: V 7, Issue 7, July 2023

Domestic Nuclear Power Advancement: Barriers to Entry and the Need for a National Strategy - As previously reported on this site, nuclear generation development has taken hold as a potential promise for a long-term,...more

Flaster Greenberg PC

Marcellus Shale Update: Energy Remains an Important Electoral Issue Even in “Safe” States Like New York: Law Firm, Attorneys

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Now less than one month before Election Day, the New York Governor's race is far closer than most had anticipated. Incumbent Democrat Kathy Hochul, who succeeded Andrew Cuomo following his resignation, is being pressed by...more

Jones Day

EU Adopts Regulation on Reducing Gas Demand

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To anticipate the risk of a complete halt, or further substantial reduction, of Russian gas supplies in the near future, Member States of the EU have agreed to reduce their gas consumption by 15% between 1 August 2022 and 31...more

Flaster Greenberg PC

Natural Gas Gives Lebanon Hope, Hezbollah Demands It Be Squandered

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Less than two years after a catastrophic explosion nearly leveled whole parts of Lebanon's capital, Beirut, plunging the country into economic disrepair and social despair, the Ukraine war and natural gas gave Lebanon a...more

Foley & Lardner LLP

Avoiding Supply Chain Disruption in an Era of Geopolitical Risk

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Geopolitics have always impacted supply chain logistics, but over the last two years they have played an outsized role that will likely continue for the foreseeable future. While the COVID-19 pandemic demonstrated the risks...more

Jones Day

The War in Ukraine: Downstream Ripple Effects on the European Gas Market

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European energy companies face unprecedented uncertainty as a result of Russia's invasion of Ukraine. A potential reduction or cessation of Russian gas imports is not unforeseeable and would invariably affect all market...more

Flaster Greenberg PC

As Ukraine Fights for Its Life, Philadelphia Remains Dormant

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Just north of Philadelphia International Airport and south of the Philadelphia sports Stadium complex lies the Port of Philadelphia, one of the largest freshwater ports in the world. So strategically located is the Port of...more

White & Case LLP

Germany’s Reaction to the Energy Crisis

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Following Russia's actions in Ukraine, an energy crisis unfolds in Europe and particularly in Germany. The looming threat of Russia suspending gas deliveries to Germany, or Germany ending the procurement as part of a...more

Flaster Greenberg PC

As Russia And China Grow Closer In Energy, America Unilaterally Disarms

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Two new developments of enormous significance passed under the radar last week, buried by the growing threat of an outright Russia/Ukraine war and governmental encroachment on democracy in Canada. These developments, however,...more

Flaster Greenberg PC

The End Of Energy Innocence

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When Vladimir Putin sent his troops into Ukraine to go conquer that democracy, all of the abstract concepts about energy ended. While not quite a Pearl Harbor moment in terms of instantaneous ideological shift, Putin's...more

White & Case LLP

US Announces Energy Import Ban, and Further Sanctions and Export Controls on Russia and Belarus; Restricts Russian Aircraft from...

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Between March 2 and 8, 2022, the US undertook a number of measures escalating the sanctions against Russia and Belarus. The US banned the imports of certain Russian energy products, prohibited new investment in the Russian...more

Snell & Wilmer

Global Connection - The Russian-Ukraine Conflict: Expanding Export Restrictions in the Energy Sector

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The Russian Federation’s intensifying war efforts across Ukraine prompted the U.S. government to announce that it will implement a ban on Russian oil and gas imports. Under the ban, the U.S. will not import “Russian crude oil...more

Kelley Drye & Warren LLP

U.S. Bans Russian Energy Imports; Investments in Russian Energy Sector

Today, the Biden Administration issued a new Executive Order (E.O.) banning imports of Russian-origin energy into the United States and prohibiting new investments in the Russian energy sector. Although the United States...more

Flaster Greenberg PC

As Ukraine Tensions Soar, America's Greatest Weapon Remains Trapped Underground

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Last week, President Joe Biden warned Ukrainian President Vladimir Zelensky that a Russian invasion of Ukraine might be imminent. While Zelensky does not seem to share that assessment, full scale war in Eastern Europe seems...more

Flaster Greenberg PC

In Midst Of Afghanistan Disaster Biden Turns To Nord Stream 2

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During a press briefing on Friday afternoon, State Department spokesman Ned Price abruptly changed the subject from the disastrous pullout in Afghanistan to the Nord Stream 2 pipeline. A Russian ship, the Ostap Sheremeta,...more

Flaster Greenberg PC

Germany Claims Emissions Success Yet Becomes More Dependent Than Ever On Russia​

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On February 3, German Economy Minister Peter Altmaier proclaimed that Germany had exceeded its target of cutting greenhouse gas emissions by 40% compared to 1990 levels. Despite clearly being aided by the deep economic slump...more

Flaster Greenberg PC

The Biden Administration and Energy Part II - International Relations

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President Biden’s first move on energy internationally likely will be one of his most unfortunate actions - rejoining the Paris Climate Accords. Unfortunately, he will have no choice, since he has consistently pledged to do...more

Flaster Greenberg PC

The Biden Administration and Energy Part I - Domestic Policy

Flaster Greenberg PC on

When President Biden takes office on January 20, among the many other obstacles, issues and problems that he will need to deal with is an impending polar vortex that meteorologists now predict will descend upon the United...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights: Issue 37, October 2020

More Federal Permits Handed Down as MVP Presses FERC for Construction Restart - "The Mountain Valley Pipeline LLC told FERC that it has received a series of key federal waterbody crossing permits, bolstering its case to...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights - May 2020 #3

Industry Expert Insights - We reached out to one of our Lex Mundi partners and a well-known expert in Australia in the energy and legal industries to get her thoughts on the current energy climate. Emma Covacevich is...more

King & Spalding

Energy Newsletter - May 2020

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Energy Explosion: 10 Trends to Watch in Energy Restructuring - On April 20, 2020, U.S. benchmark crude traded negative for the first time. This drastic drop in price was caused by the perfect storm of the Saudi...more

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