Russian gas and oil

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Germany deploys police, military to probe Nord Stream blasts

Germany deploys police, military to probe Nord Stream blasts

German federal police and armed forces (Bundeswehr) have started their reconnaissance mission to investigate recent acts of sabotage on the Nord Stream pipelines in the Baltic Sea, Tagesschau news service reported on Sunday, citing a letter of …

Europe fails to find way out of energy crisis

Europe fails to find way out of energy crisis

The summit of the European Political Community in Prague, which ended the day before, did not bring clarification to Europe on the solution of the energy crisis, says a report by the German TV channel Das Erste ("First"). …

Russia and Turkey partly converted gas payments to rubles

Russia and Turkey partly converted gas payments to rubles

Russia and Turkey have partly converted payments for deliveries of Russian gas to rubles, Deputy Prime Minister of Russia Alexander Novak told reporters. "I can definitely comment that we have converted a portion of settlements to …

Novak: Russia ready to supply gas over Nord Stream 2 string

Novak: Russia ready to supply gas over Nord Stream 2 string

Russia is ready to start supplying gas over the undamaged string of the Nord Stream 2 gas pipeline within a short term if all required procedures are passed, Deputy Prime Minister Alexander Novak said. "Yes, deliveries [via the …

Gazprom resuming gas supplies via Austria to Italy

Gazprom resuming gas supplies via Austria to Italy

Gazprom and purchasers of gas in Italy have found a decision on supplies, and transportation of Russian gas through Austrian territory is being resumed, the Russian gas producer said in a statement on Wednesday. "Gazprom together …

Austrian gas storage reaches targeted amount

Austrian gas storage reaches targeted amount

Austria has filled its underground gas storage facilities to a targeted 80% on time, while UGS facilities in Europe as a whole are now almost 90% full. Hungary and Bulgaria are on course to reach their stipulated levels, but Latvia now has no …

Russia and Turkey discussing gas supply arrangements

Russia and Turkey discussing gas supply arrangements

Russia and Turkey are negotiating Russian gas supplies, but not because of deferred payments, but because of the price, a source in Ankara said, commenting on the reports. "We are discussing not a delay, but the price, because …

Sweden reports resumption of gas leak at Nord Stream 2

Sweden reports resumption of gas leak at Nord Stream 2

The gas leak at the Nord Stream 2 pipeline has resumed, according to a statement the Swedish Coast Guard issued on Monday. "The predictions - based on an on-going discussion with North Stream - stated earlier that the leaks could …

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 …