Supply via a major Caspian pipeline has been stopped due to technical violations, according to the news agency Sputnik A Russian court on Wednesday ordered a 30-day suspension of the activity of the Caspian Pipeline Consortium (CPC), which takes oil from Kazakhstan to the Black Sea via one of the world’s largest pipelines.
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Tokyo will suggest the idea to the International Energy Agency, the outlet has said Japan is planning to create a global strategic natural gas reserve to guard against energy crunches such as the one that hit the EU and its allies last year, Bloomberg reported this week.
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The bloc is considering using interest generated from the funds to help rebuild Ukraine, Bloomberg reports European Union leaders have been discussing plans to impose a windfall tax on profits generated by more than €200 billion ($217 billion) of frozen Russian central bank assets to aid Ukraine’s reconstruction, according to Bloomberg.
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