Russian gas and oil

EU gas reserves may drop to 5% in February

EU gas reserves may drop to 5% in February

EU underground gas storage facilities (UGS) are likely to drop to 5% in February in the event Russian gas supplies are completely cut off from November 1 and deliveries of liquefied natural gas are limited, according to a report published by the …

EC proposes to impose price cap on all Russian gas

EC proposes to impose price cap on all Russian gas

The European Commission proposes to impose a price cap for all gas from Russia, and price corridors with suppliers may also be introduced, European Commissioner for Energy Kadri Simson said before an extraordinary council of EU Energy …

Terrorist attack on Turkish Stream thwarted

Terrorist attack on Turkish Stream thwarted

The Federal Security Service of the Russian Federation prevented a terrorist attack on a gas pipeline through which energy carriers are supplied to Turkey and Europe, they said at the Center for Public Relations of the department. …

Turkey to pay partially in rubles for Russian gas supplies

Turkey to pay partially in rubles for Russian gas supplies

25% of Turkey’s payment for Russian gas will be in rubles, Minister of Energy and Natural Resources Fatih Donmez said, Yeni Şafak informs. "The corresponding agreement will enter into force in the near future. The fact that …

EU is unlikely to cap price of Russian gas - report

EU is unlikely to cap price of Russian gas - report

The EU executive is retreating from imposing a price cap on Russian gas, but pushing ahead with windfall taxes on energy company “surplus” profits, according to a leaked document. A draft regulation on the “electricity …

Gas price in Europe below $2,000

Gas price in Europe below $2,000

The price of gas in Europe decreased below $2,000 per 1,000 cubic meters during Monday trading for the first time since July 26, according to data provided by London’s ICE. The total decline in the gas price since the beginning of the day …

U.S. Treasury: oil prices could spike in winter

U.S. Treasury: oil prices could spike in winter

U.S. Treasury Secretary Janet Yellen said Sunday that there is a "risk" that U.S. gas prices could rise again later this year, as fears grow over the possibility that Americans' wallets could be strained by a spike in …

European Union facing bankruptcy?

European Union facing bankruptcy?

The wrong response to overcome the energy crisis could bankrupt European countries, The Economist writes. Russia said it will shut down its Nord Stream pipeline for as long as Western sanctions are in place, sending benchmark gas …

Bankruptcy of Nord Stream 2 AG suspended until January 2023

Bankruptcy of Nord Stream 2 AG suspended until January 2023

The bankruptcy procedure for the Nord Stream 2 gas pipeline operator, Nord Stream 2 AG, has been suspended for another four months, until January 2023, the company said on the website of the Swiss Official Gazette of Commerce. …

Russian gas import by EU countries down 48%

Russian gas import by EU countries down 48%

Russian gas import by EU member-states declined by 48% from 2022 year start, Gazprom said on Wednesday. "From the year start, countries of the European Union reduced Russian gas supplies to their market by 48%, and taking into …

Gas price in Europe up 30%

Gas price in Europe up 30%

The spot price of gas in Europe has risen 30% to almost $2,900/1,000 cubic meters due to the continued shutdown of the Nord Stream pipeline from Russia. TTF October futures have risen to $2,855 per 1,000 cubic meters since the start of …

Nord Stream idle due to oil leak at only turbine

Nord Stream idle due to oil leak at only turbine

Gazprom specialists failed to launch the Nord Stream gas pipeline after a three-day shutdown for scheduled maintenance. According to the message of Gazprom and the data of gas transport operators, the transit of Russian gas through Ukraine is …

Operator data suggests Nord Stream 1 flows to resume Sept. 3

Operator data suggests Nord Stream 1 flows to resume Sept. 3

Operator data on requests for gas on the Nord Stream 1 pipeline from Russia to Europe suggest flows should resume from Saturday morning, when Gazprom  said maintenance work will be completed. Gas nominations were at 14,437,507 …