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Economic gloom spreads to EU, shale companies enjoy cash bonanza, the FT’s new columnist
Capital restraint and Russia’s invasion of Ukraine has transformed fortunes of once-indebted operators
Infrastructure ‘pinch points’ are making it more difficult for the EU to move away from Russian oil and gas
High import volumes and limited capacity to pipe gas on to Europe create surplus and drive down prices
Move reinforces Russian president Vladimir Putin’s willingness to use energy as a weapon against the EU
Plus, supply crunch slows the shift to electric vehicles and flaring reductions languish
First-quarter earnings almost three times higher than the same period last year
Benchmark more than doubles from past decade’s average as exports grow and producers hold back
Plus, the SEC considers a new climate disclosure rule and energy security concerns revive a US LNG deal
Long-suffering sector reaps rewards of scramble to open up new shale patch production
Deal with Texas-based NextDecade comes after export company pursued lower emissions
First permits granted to explore potential reserve of energy-rich naturally occurring fuel
For the first time, Moscow has shown it is ready to cut off EU customers
The EU faces hard but necessary choices if it is to end its reliance on Russian gas imports
US supermajors receive windfall from soaring oil and gas prices as pressure to increase drilling mounts
Italy’s biggest energy company strikes deals with Algeria, Egypt and Angola to increase European gas flows
Completion of energy deals in roubles would fall foul of ban on central bank transactions
Plus, Russia deploys energy as a weapon and government revenues from fossil fuels are set for a recording-breaking year
Chief Meg O’Neill sees ‘huge opportunity’ for Australia as countries replace Russian supply
Central bank says sudden disruption of supplies to EU could trigger sharp recession this year
Industry and economists say a ban would be catastrophic for the country’s economy, but many companies expect it to happen anyway
Building non-hydrocarbon sources will take time but the alternative could waste billions
Swiss commodity trader records $726mn in earnings from booming energy demand as lockdowns eased
Economic and logistical hurdles could thwart EU efforts to cut two-thirds of its gas imports from Russia by November
Suppliers must weigh Europe’s demand for LNG with its long-term goal to reduce fossil fuel use
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