Russian gas and oil

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Europe's imports of Russian LNG increase by 42% in 2022

Europe's imports of Russian LNG increase by 42% in 2022

The European Union has boosted the imports of Russian liquefied natural gas by 42% between January-October 2022 year-on-year, British financial newspaper reported. The LNG imports from Russia during the period amounted to 17.8 billion …

Russia and Turkey to beef up Turkish Stream pipeline security

Russia and Turkey to beef up Turkish Stream pipeline security

The leaders of Russia and Turkey are considering additional security measures at the Turkish Stream pipeline in view of a potential existing threat to it, Kremlin spokesman Dmitry Peskov told reporters on Thursday. "There is such a …

EU completely replaced Russian gas

EU completely replaced Russian gas

The European Union has completely replaced the retired Russian gas. This was announced by the European Commissioner for Energy Kadri Simson at the plenary session of the European Parliament. According to her, Russian "blue …

Income tax for LNG exporters grows to 34% in 2023-2025

Income tax for LNG exporters grows to 34% in 2023-2025

Russian President Vladimir Putin signed the law increasing the income tax rate from 20% to 34% for liquefied natural gas (LNG) exporters in 2023-2025. The document was initiated by the Russian Government and introduces amendments into …

EC to present final draft of gas price ceiling on November 24

EC to present final draft of gas price ceiling on November 24

The European Commission (EC) has prepared a draft document that includes a mechanism for introducing a dynamic ceiling on natural gas (NG) prices. The final version will be presented at the EU summit on Nov. 24, Italian Environment and Energy …

Russia's Gazprom starts gas shipments to Azerbaijan

Russia's Gazprom starts gas shipments to Azerbaijan

Russian energy giant Gazprom has started natural gas shipments to Azerbaijan under a new contract, the company announced on Friday. The new agreement was signed between SOCAR and Gazprom for natural gas shipments to Azerbaijan, a …

Russia begins gas supplies to Azerbaijan

Russia begins gas supplies to Azerbaijan

Gazprom has started deliveries of Russian gas to Azerbaijan under a new agreement. It is noted that deliveries would be carried out until next March, the volume would be up to 1 billion cubic meters of gas. It should …

Turkey starts local currency gas trade with Russia

Turkey starts local currency gas trade with Russia

Turkey's natural gas purchases from Russia have started to be paid partially in roubles, Turkish Energy Minister Fatih Donmez said on Tuesday. In an interview with broadcaster TRT Haber, Donmez said that in the coming months the …

Putin explains why Turkey chosen as potential gas hub

Putin explains why Turkey chosen as potential gas hub

Russia has chosen Turkey as a potential hub for gas supplies to Europe because working directly with European partners is hard, Russian President Vladimir Putin told reporters on Monday. "As for the choice of Turkey as a potential …

Erdogan: Turkey's hub to ensure flow of Russian gas to EU

Erdogan: Turkey's hub to ensure flow of Russian gas to EU

Ankara will ensure the distribution of Russian gas to Europe through the TurkStream pipeline, Turkish President Recep Tayyip Erdogan said. "Hopefully, we will distribute the natural gas coming from Russia through Turkiye to Europe …

UK to stop importing Russian LNG from January 1 2023

UK to stop importing Russian LNG from January 1 2023

The UK government will impose a ban on the import of Russian liquefied natural gas from January 1, 2023. This is according to a statement the United Kingdom Foreign Office published on Friday. "From 1 January 2023, the UK is ending …