Russian gas and oil

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First Nord Stream 2 string filled with technical gas

First Nord Stream 2 string filled with technical gas

The gas-in procedure for the first string of the Nord Stream 2 gas pipeline has been completed as the string has been filled with around 177 mln cubic meters of technical gas, the operator of the project said in a statement on Monday. …

Russia and Germany discuss new transit contract with Ukraine

Russia and Germany discuss new transit contract with Ukraine

Russia is already holding consultations with Germany on concluding a new contract for gas transit with Ukraine after 2024, Russian Deputy Prime Minister Alexander Novak told reporters on the sidelines of the Russian Energy Week. …

Russia Not Interested In Gas Prices Being Too High - Novak

Russia Not Interested In Gas Prices Being Too High - Novak

Russia is not interested in gas prices being too high as there are risks that it will speed up the transition to renewables, Deputy Prime Minister Alexander Novak said on Wednesday, Sputnik reports.  "There is inter-fuel …

Borrell: Gazprom-Hungary deal doesn't go against EU law

Borrell: Gazprom-Hungary deal doesn't go against EU law

The contract between Gazprom and Hungary for the supply of gas bypassing Ukraine does not go against European legislation, EU foreign policy chief Josep Borrell told Reuters. Ukraine is lobbying its Western allies to punish Russia …

Josep Borrell: EU needs more Russian gas

Josep Borrell: EU needs more Russian gas

Europe may need more Russian gas than previously agreed, Vice-President of the European Commission and High Representative of the EU for Foreign Affairs and Security Policy Josep Borrell said. He noted that "Russia wants Nord …

Gas prices in Europe plummet below $1,000

Gas prices in Europe plummet below $1,000

The price of gas on the ICE exchange continued to decline on Thursday. By 10:30 Moscow time, it dropped below $1,000 per 1,000 cubic meters for the first time since September 29. The price dropped to $973 per 1,000 cubic meters, …

Novak: Nord Stream 2 clearance may cool gas prices in Europe

Novak: Nord Stream 2 clearance may cool gas prices in Europe

Russian Deputy Prime Minister Alexander Novak said on Wednesday that certification of the Nord Stream 2 undersea gas pipeline, which expects clearance from a Germany’s regulator, could cool soaring European gas prices. “I …

Germany seeks competition assurances over Nord Stream 2 pipeline

Germany seeks competition assurances over Nord Stream 2 pipeline

Germany's energy regulator said the Nord Stream 2 pipeline must show it would not break competition rules by limiting which suppliers used it and could face a fine if it started pumping Russian gas to Germany without securing necessary …

Will expensive gas help Nord Stream 2?

Will expensive gas help Nord Stream 2?

Gas price in Europe renews historical maximum, reach $1,300 per 1,000 cubic meters The gas price in Europe during the October 5 trade broke the record again and reached $1,300 per 1,000 cubic meters, according to the data of the ICE …

Nord Stream 2 operator starts gas filling of first string

Nord Stream 2 operator starts gas filling of first string

Nord Stream 2 AG has started filling with gas the first string of the Nord Stream 2 gas pipeline, the pipeline operator said on Monday. "This string will be gradually filled to build the required inventory and pressure as a …

Gazprom starts gas supplies to Hungary bypassing Ukraine

Gazprom starts gas supplies to Hungary bypassing Ukraine

On October 1, Gazprom began supplying gas to Hungary under the long-term contract, signed on September 27, through the Balkan Stream gas pipeline (a continuation of Turkish Stream) and pipelines in South-Eastern Europe. The holding said …

Gazprom confirms 1 month contract extension with Moldova

Gazprom confirms 1 month contract extension with Moldova

Gazprom confirms the extension of the current contract with Moldovagaz for the supply of gas for one month starting on October 1, 2021, according to the Russian gas holding statement on Thursday. Earlier, the Minister of Infrastructure …

China steps up natural gas supply

China steps up natural gas supply

China, the world's largest natural gas consumer, has been shoring up gas supply for the coming 2021-2022 winter-spring heating season, in a bid to prevent a supply shortage similar to the one it experienced in the previous winter