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
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Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
9 March 2026
Energy sanctions are becoming an increasingly prominent tool of US foreign policy, with the country’s growth in oil and gas production allowing it to impose pressure on rivals without jeopardising its own energy security or that of its allies, argues Matthew McManus, a visiting fellow at the National Center for Energy Analytics
6 March 2026
The March 2026 issue of Petroleum Economist is out now!
