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Europe paid around €7.88 billion for liquefied natural gas (LNG) from Russia’s Arctic energy project in the first nine months of 2026, a record 12.18 million tonnes reaching European ports between January and September this year. This comes at a time when Europe's gas storage levels are at a record low, and the bloc faces a brutal energy crisis. European LNG imports from the Russian Yamal project rose 9.5% year-on-year between January and September, with EU ports receiving 85% of Yamal’s recorded deliveries. France received nearly three-quarters of September’s EU deliveries, with the Dunkirk and Montoir ports receiving 571.716 million...

The Eurotards are crying because the Big Don is buying Russian Diesel. Meanwhile, Over the first nine months of 2026, the EU purchased a record volume of Russian liquefied natural gas (LNG) worth €7.88 billion Thats 9.5% increase compared to the same period last year.

Continued Russian LNG imports undermine the credibility of the EU’s promise to sever its energy ties with Moscow, particularly as Russia continues its war against Ukraine. Europe paid around €7.88 billion for liquefied natural gas (LNG) from Russia’s Arctic energy project in the first nine months of 2026 despite Brussels’ efforts to phase out gas from Moscow....

"Americans could pay far more to heat their homes with oil this winter than last, a new analysis reviewed by Axios shows, as volatile energy markets and the Iran War deepen the affordability crisis. Why it matters: Heating bills are eating into household budgets before winter sets in, with stark divides between fuel types. By the numbers: Families that heat with oil could pay about 50% more this winter than last, according to estimates from the National Energy Assistance Directors Association (NEADA), up from its 31.3% projection in mid-September. The average cost of heating a home with oil is expected...

🚨 BREAKING: President Trump is set to announce a MAJOR $54 BILLION INVESTMENT in Alaska liquefied natural gas, as part of a $350 BILLION strategic investment deal from South Korea — Reuters THIS IS MASSIVE! 🇺🇸 The billions of dollars will help construct an LNG facility in Alaska, along with additional American projects Trump is going full ECONOMIC WINS mode, just this week announcing a major steel mill in Iowa — home to a crucial Senate race Alaska is also home to a crucial Senate race for the GOP holding the trifecta. Here we go!

President Trump will announce a $54 billion overseas investment in the battleground state of Alaska later Wednesday, part of a slew of manufacturing and jobs plans the White House is unveiling ahead of the Nov. 3 midterm election. The money from South Korea will build a liquified natural gas facility as part of $350 billion in US investments pledged by Seoul as part of a trade deal agreed in July 2025. Sen. Dan Sullivan (R-Alaska), who is facing a tough re-election campaign, is expected to join Trump and Commerce Secretary Howard Lutnick in the Oval Office for the announcement. Wednesday’s...

Strategic patience for the win? Iran's regime leaders thought they could force the US to buckle by strangling the global economy at the Strait of Hormuz. The US, however, has an actual blue-water navy, and that tends to matter in blockades involving a country entirely reliant on sea trade for its only valuable export economy. As the Wall Street Journal concedes, Donald Trump's Hormuz blockade is a lot less "leaky" than the IRGC's. And as Trump himself pointed out yesterday, the Strait may not matter for very much longer anyway:By squeezing the Strait of Hormuz, both the U.S. and Iran...

he U.S. military's Central Command repeated an assertion on Tuesday evening that has been made by the Trump administration many times over the last two weeks, insisting that "despite Iranian aggression, the Strait of Hormuz remains open for commercial vessel traffic." Despite the U.S. president and military continuing to urge vessels to use a southern route through the strait, in defiance of Iran's threats, few shippers seem willing to risk it. The Joint Maritime Information Center in Bahrain, a military partnership that includes the U.S., said commercial traffic in the Strait of Hormuz fell to a three-week low on Tuesday...

Mitsubishi Corp. finalized a $7.5 billion acquisition of Dallas-based Aethon Energy Management’s Haynesville Shale assets this week, as another Japanese conglomerate moved to secure natural gas from northwest Louisiana for its LNG supply chain. Tokyo-based Mitsubishi is the latest Japanese multinational energy company to buy production in north Louisiana following JERA’s February close on a $1.5 billion purchase of the South Mansfield gas field and supporting infrastructure from Williams and GeoSouthern Energy affiliates, both U.S.-based companies. Taken together, Japanese multinationals will produce an estimated 4.5 billion cubic feet per day or about 30%-35% of the Haynesville region’s total natural gas...

Three tankers were struck by projectiles Tuesday in the Strait of Hormuz, the British military said, in the latest attacks targeting vessels moving through the narrow mouth of the Persian Gulf. One of the tankers was traveling off the coast of Oman and caught fire, according to the United Kingdom Maritime Trade Operations center. Iranian state television said the liquefied natural gas tanker came under attack after ignoring warnings but did not directly claim the assault. Two other tankers were also hit, including one that was struck by a drone. It was not immediately clear where they were at the...

The Islamic Republic of Iran has announced that they have closed the Strait of Hormuz. The reality on the ground shows that ships continue to travel through the waterway unimpeded, with U.S. naval assets in the region confirming that the Strait is completely open.Despite the announced closure of the Strait of Hormuz by the Iranian Islamic Revolutionary Guard Corps-Navy (IRGC-N), vessel traffic appears to be continuing, with several vessels using both the Iranian and U.S. announced traffic separation schemes. pic.twitter.com/05fjVSSaYE— OSINTdefender (@sentdefender) June 20, 2026🚨 JUST NOW: Iran caught LYING that they "closed" the Strait of Hormuz againCENTCOM: "Commercial ship...

Foreign intelligence services are using "spy turtles" and "spy fish" to snoop on China, the country's Ministry of State Security said Friday. "An unseen covert war of espionage is currently unfolding" in the seas around China's coast, the ministry wrote in a post on the WeChat social media platform. In recent years, overseas spy agencies have been "continuously collecting and stealing sensitive maritime data through various new types of espionage equipment," it said, including "spy turtles and spy fish." In certain Chinese waters, "relatively large living marine animals have been fitted with sensors to swim in specific areas, collect ocean...

A sanctioned Russian LNG tanker from the Portovaya project idled near Singapore in May 2026 with no buyer. At the same time, Ukrainian drones had already knocked roughly 700,000 barrels per day of Russian refining capacity offline across 16 major facilities. Europe had locked in a binding legal phase-out of Russian gas. And just four months earlier, U.S. forces had captured Nicolás Maduro in Venezuela.

I am angry. I’ve been relentlessly scrolling through social media and sundry reports tracking Marco Rubio’s statements throughout the day at various forums during his visit of India. It is Sunday, Day 2 of his four-day sojourn, and he has already kicked up quite a storm, telling the audience at an event in US embassy in New Delhi to mark America’s 250th Independence Day celebrations that “one of those relationships”… he is “so excited about going in to the 21st century, given the challenges and the opportunities of this new era, is India… one of those countries that I know...

It is too early to foretell the future production from the Arckaringa Basin. There are numerous steps before oil production can start. For example, a 300-kilometre pipeline to Port Bonython, or a spur to link the Arckaringa Basin to the existing Moomba-Port Bonython pipeline, will need to be built before any oil could reach the market. Crude oil storage and export capacity at Port Bonython will also have to be increased significantly to accommodate extra crude.There is likely to be bipartisan support for shale oil production in South Australia. However the potential for carbon-intensive shale production in South Australia is...

IRAN AWARDS ENERGY BIDS TO WESTERN MAJORS NICOSIA [MENL] -- Iran has decided to award energy development contracts to Western majors. An Iranian state oil firm said the Oil Ministry would grant Total, Royal Dutch Shell and Repsol upstream development contracts in the South Pars gas field in the Gulf. The Pars Oil and Gas Co. said the three Western contractors would develop phases 11 and 13 of South Pars. France's Total was expected to be awarded the contract to develop Phase 11 of South Pars, regarded as the largest reservoir of natural gas in the world. Iran wants Total...

The German chancellor Friedrich Merz has desperately backflipped on his criticism of US President Donald Trump after he threatened to remove thousands of US troops from Germany. German chancellor desperately backtracks on Trump criticism after savage threat to remove troops | 4:55 | 6.18M subscribers | 368,472 views | May 4, 2026

Ukraine's President Volodymyr Zelensky has condemned a US decision to extend the period during which Russia is allowed to sell oil despite Western sanctions. The move means countries can purchase Russian oil and petroleum products already loaded on vessels at sea until 16 May. The US argues that the waiver is meant to ease the energy supply crunch sparked by the US-Israel war with Iran. But in his remarks on Sunday, Zelensky said "every dollar paid for Russian oil is money for the war" in Ukraine. Widespread sanctions have been in place against Russia since President Vladimir Putin launched his...

Several Trump administration officials helped break ground on a new natural gas pipeline in New York that could be an energy grid saver for millions who have suffered from the impact of stupid Democrat energy policies.The 2019 New York Climate Act is driving up fuel and energy prices in the blue state and setting it up for rolling blackouts and grid reliability collapse. Obviously, Democrats will never solve the problems they caused, so it is up to the Trump administration to take action, as it is doing. Energy Secretary Chris Wright declared in an April 14 press release, “For decades,...

I just saw a list of the commodities that are undergoing restriction of distribution in the Strait of Hormuz. When seeing a stark view of them, together as a group, I hadn't realized how extensive it is: 1) oil (gasoline and deisel), 2) liquid natural gas (LNG), 3) urea (fertilizer for food), 4) sulfuric acid (phosphate fertilizers for farming), 5) helium (microchips). (Source: Larry Johnson, today 04/06/2026 at 9 AM E.S.T.). I would like to hear from someone who has a good, fundamental understanding of economics, about the following question, (not someone who is an academic egghead, not anyone who...