Qatar Signs off with Sinopec Credit Offshore Energy As a sequel to inking of QatarEnergy’s contract with Exxon Mobil Corp, TotalEnergies, Eni and ConocoPhillips for investment in its North Field East (NFE) expansion QatarEnergy is signing of with China Petrochemical Corp (Sinopec) making it the largest phase of the nearly $30 billion LNG expansion venture.
Sanctions & Disruption of Energy Supply Chain Courtesy The Japan Times After the conflict in Ukraine erupted Russian supply of oil and piped gas to the European Union got severely disrupted. The US and EU imposed sanctions as well as a price cap on Russian crude. The ostensible purpose seems to be to curb Russia's
OFAC has now published its formal guidance on the price cap sanctions for Russian oil entering into force on December 5, 2022. The price cap policy is intended to maintain a reliable supply of oil to the global markets while reducing the revenues the Russian Federation earns from its oil after the conflict in Ukraine inflated
