“There’s never been a CERAWeek with more happening in the world at a greater pace of...
over concerns that Russian pipelines could be targeted by sanctions. Kaushal Ramesh, a senior analyst at Rystad Energy, said in a note to investors that traders were “factoring in the rising probability of sanctions on gas for each day the offensive continues.”
Russia’s deepwater and shale fields. European nations are showing signs they wish to reduce their reliance on Russian natural gas, foregoing pipelines running through multiple nations for domestic wind and solar farms, said Jim Krane, a fellow at Rice University’s Baker Institute for Public Policy. That is drawing pushback from some political leaders. The Texas Legislature, for instance, passed a law last year that blocks the state from doing business with financial firms that are “anti-oil.” But momentum is all in the direction of clean energy.. Long-haul trucking and the shipping industry are looking to cleaner alternatives such as hydrogen and biofuels.
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