The U.S. and other exporters are poised for a windfall, but disruptions to Persian Gulf supplies are also pushing gas-buying countries to consider alternatives like coal, solar and nuclear energy.
Category: Russian Invasion of Ukraine (2022)
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Why the Iran War May Force Countries to Rely Less on Natural Gas
The New York Times – Business: -
Can This Russian Bakery Survive a 3,500% Tax Increase?
The New York Times – Business:The challenges faced by a small-business owner near Moscow highlight how Russia’s war-drained economy is on the doorstep of a major crisis.
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Attacks on Energy Infrastructure Could Lead to Much Higher Prices
The New York Times – Business:Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually end.
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As War Chokes Natural Gas Supply, Asia Turns Back to Coal
The New York Times – Business:Across Asia, a sharp drop in liquefied natural gas supplies is pushing major importers back toward coal, undermining L.N.G.’s long-held role as a stable energy anchor.
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Surging Energy Costs Put German Industry ‘Really in Danger’
The New York Times – Business:Four years after the Russian invasion of Ukraine sent energy prices soaring, the war in Iran is posing another challenge to efforts to revive European factories.
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Rising Fuel Costs Pressure Airlines and Truckers
The New York Times – Business:The price of jet fuel and diesel has surged since the war in Iran began, which could force airlines and trucking companies to pass on higher costs to their customers.
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For India, Buying Russian Oil Just Got More Complicated
The New York Times – Business:India’s prime minister acceded to many of President Trump’s demands under pressure of heavy tariffs. It would be awkward to reject them now.
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India’s Prime Minister Faces Blowback Over Trade Deal With Trump to Lower Tariffs
The New York Times – Business:Prime Minister Narendra Modi won a big reduction of sky-high tariffs, but critics say he undermined Indian sovereignty and undercut the nation’s farmers.