Russian gas and oil

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Europe has been buying Russian gas for a month as normal

Europe has been buying Russian gas for a month as normal

Gazprom continues supplying Russian gas for transit to Europe through Ukrainian territory as per normal, Spokesman Sergey Kupriyanov told reporters. "Gazprom supplies Russian gas for transit through Ukrainian territory as per …

Moldovagaz pays Gazprom for Feb gas supplies in full

Moldovagaz pays Gazprom for Feb gas supplies in full

Moldovagaz has settled with Russia's Gazprom in full for February gas supplies, the Moldovan company's chef, Vadim Ceban, said on Telegram. "Moldovagaz on Monday settled in full with Gazprom for the February gas supplies to …

Russia to deprive U.S. of Russian oil?

Russia to deprive U.S. of Russian oil?

U.S. President Joe Biden announced a ban on Russian oil and other energy imports. The latest sanctions are likely to push up oil prices - resulting in even higher prices at the pump. Brent crude was up $1.68, or 1.3%, at $129.66 a …

Turkey not to stop buying Russian gas

Turkey not to stop buying Russian gas

Russia has been a reliable supplier of gas for over three and a half decades and will remain so, Turkish Deputy Minister of Energy and Natural Resources Alparslan Bayraktar said on the sidelines of the Cambridge Energy Research …

Russian Foreign Ministry explains surge in gas prices in Europe

Russian Foreign Ministry explains surge in gas prices in Europe

Director of the Department of Economic Cooperation of the Russian Foreign Ministry Dmitry Birichevsky said that the rapid rise in gas prices in Europe is a consequence of the abandonment of the Russian Nord Stream 2 pipeline. He noted …

Gas prices in Europe set new price record surpassing $3,600

Gas prices in Europe set new price record surpassing $3,600

The price of gas on the stock exchange in Europe for the fourth trading day in a row breaks records, surpassing $3,600 per 1,000 cubic meters on Monday, according to London’s ICE. In general, the price of gas has been growing by more than …

Sources: Nord Stream 2 AG prepares for bankruptcy

Sources: Nord Stream 2 AG prepares for bankruptcy

Nord Stream 2 AG, the operator of the Russian Nord Stream 2 gas pipeline project, may file for bankruptcy, Reuters reports citing sources. Nord Stream 2 AG was included in the US sanctions list before the start of Russia's …

Shell exits Nord Stream 2

Shell exits Nord Stream 2

Oil and gas concern Shell will not participate in the Nord Stream 2 project, the company announced. "The Board of Shell plc ("Shell") today announced its intention to exit its joint ventures with Gazprom and related …

Gas price in Europe up 35% as trading opens to over $1,450

Gas price in Europe up 35% as trading opens to over $1,450

The price of gas in Europe climbed by more than 35% as Monday trading opened to $1,450 per 1,000 cubic meters, according to data provided by London’s ICE. The price of gas futures for April delivery at the TTF hub in the …

Germany does not intend to refuse Russian gas

Germany does not intend to refuse Russian gas

The cessation of gas supplies from Russia is not expected, Michael Harms, executive director of the Committee on Eastern European Economic Relations, which unites German companies operating in Eastern …

New EU sanctions to hit Russia’s energy sector

New EU sanctions to hit Russia’s energy sector

If a war with Ukraine breaks out, the EU will expand sanctions against Russia. New restrictions will affect the energy sector, the head of the European Commission, Ursula von der Leyen, said. "We have already agreed on tough …

Europe runs out of gas pumped in summer

Europe runs out of gas pumped in summer

European gas storage facilities are 32% full, with less than 5% of the gas purchased during the summer season left in them. "The overall level of UGS occupancy in Europe is 32%. Underground storage facilities in Germany are …

Lukoil increases stake in Shah Deniz gas field

Lukoil increases stake in Shah Deniz gas field

Russia's Lukoil has announced completion of the transaction of buying a 9.99% interest in the Shah-Deniz gas project from PETRONAS. The transaction value is approximately $1.45 billion. Following the completion …

Egypt breaks LNG export records

Egypt breaks LNG export records

The country recorded 10-year high sales in 2021 following a jump in global prices and resumption of production in its second liquefied gas facility