Europe’s Russia sanctions have spurred world oil producers to boost their output
Global gas market reawakened by ‘Russia effect’
Industry takes fresh look at moribund, risky or questionable gas and LNG projects
The ‘Structures A and E’ project off the Libyan coast is as prosaic as its name implies, holding an unspectacular 6tn ft³ (170bn m³) of gas. Plans to extract it date from 2008, but the operator, Italy’s Eni, had been content to leave it in the ground given the upheaval in Libya. That upheaval has not gone away: the country has two rival governments, militias rule the capital and its National Oil Corporation is riven with infighting. But in January, Eni cast those worries aside and announced it was developing Structures A and E. One big reason is the ‘Russia effect’—Europe’s thirst for new gas following the imposition of sanctions on Moscow. Russia supplied half of Europe’s gas before its inv
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
