VTB: Russia to increase gas supplies to China by 1.5 times
VTB Bank has forecast a significant rise in Russian gas supplies to China by 2030, with total pipeline exports projected to reach 56 billion cubic meters annually.
VTB Bank has forecast a significant rise in Russian gas supplies to China by 2030, with total pipeline exports projected to reach 56 billion cubic meters annually.
Turkey finalised a one-year extension of its two expiring gas import contracts with Russia that total 22 bcm, Turkish Energy Minister Alparslan Bayraktar said.
Gazprom is discussing gas contracts with its Turkish partners and the possibility of extending them into next year, Russian Deputy Prime Minister Alexander Novak said.
Turkish Energy Minister Alparslan Bayraktar has reaffirmed that Turkey will continue purchasing natural gas from Russia.
In January-September 2025, Turkey has imported 16 billion cubic meters (bcm) of Russian gas via two pipelines, representing a 16% year-on-year increase in Russia's exports over the first three quarters.
The trilateral gas project involving Russia, Kazakhstan, and Uzbekistan has proven successful, and gas transit volumes are expected to grow, Kazakh President Kassym-Jomart Tokayev said during a press briefing in Tashkent, where he arrived on a state visit.
Russia ranked third in the total value of gas imports of the European Union as of the end of January - September 2025 with the share of 16.1%, according to Eurostat.
Hungarian Prime Minister Viktor Orban intends to appeal to the European Court of Justice over the European Union's plans to phase out gas imports from Russia by the end of 2027.
The United Kingdom plans to ban companies from providing maritime services dealing with carriage of Russian liquefied natural gas to third countries, The Independent reported.
Hungarian Prime Minister Viktor Orbán has declared intensified opposition to EU initiatives targeting Russian gas and oil import.
Greek prime minister Kyriakos Mitsotakis called for a ban on Russian natural gas supplies to the European Union, including via the TurkStream gas pipeline.
Russia has managed to increase its pipeline gas supplies to Turkey by almost 20% despite sanctions, according to data from the first eight months of 2025.
The European Union has become the largest buyer of Russian liquefied natural gas, even as the 19th sanctions package includes a phased ban on LNG imports from Russia, the Guardian reported, citing data from the Centre for Research on Energy and Clean Air.
The European Union has included a complete ban on imports of Russian liquefied natural gas under short-term contracts from April 25, 2026, and under long-term contracts from January 1, 2027, in its 19th sanctions package, according to a decree by the Council of the EU published in the Official Journal of the EU.
The European Union has approved the 19th package of sanctions against Russia, EU foreign policy chief Kaja Kallas said.
Global gas consumption in 2025 will exceed last year's levels, Gazprom CEO Alexey Miller said, adding that consumption is expected to reach 4.7 trillion cubic meters of gas by 2030.
A specialized committee of the European Parliament has endorsed a plan to completely ban energy imports from Russia, moving the proposal forward for further legislative debate.
The share of Russian gas in Europe's energy balance still remains around 19%, despite EU restrictions, Russian Deputy Prime Minister Alexander Novak said at the Russian Energy Week.
Gazprom and Kazakhstan signed a memorandum on implementing the construction project for a new trunk gas pipeline from Russia to Kazakhstan, the Russian gas holding's press service said.
European companies are forced to pay two or three times more for energy than American ones, the Russian Foreign Ministry said.