Russian Energy Update – March 7, 2023
The International Energy Agency reported a 40% year-on-year decrease in Russian oil and gas export revenue in January, with a $11.5 billion decline from January 2022.
The International Energy Agency reported a 40% year-on-year decrease in Russian oil and gas export revenue in January, with a $11.5 billion decline from January 2022.
On February 15th, South Korean and Mongolian Industry Ministers signed a memorandum of understanding to encourage cooperation on rare earth supply chains.
On January 19, energy analytics firm Vortexa reported that Russia eclipsed Iraq as India’s largest source of crude oil starting in October 2022.
President Joe Biden’s January 13 meeting with Japanese Prime Minister Fumio Kishida in Washington yielded new reaffirmations of the U.S.-Japan alliance and Washington’s commitment to defend its ally as well as a strong American endorsement of Japan’s plans to boost its defense spending.
On March 2nd, 2023, EIRP President Paul Saunders discussed the energy impacts from Russia’s invasion of Ukraine with Director of Programs and Strategy Brian Chung of the Global American Business Institute.