Russian gas and oil

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Bankruptcy of Nord Stream 2 AG suspended until January 2023

Bankruptcy of Nord Stream 2 AG suspended until January 2023

The bankruptcy procedure for the Nord Stream 2 gas pipeline operator, Nord Stream 2 AG, has been suspended for another four months, until January 2023, the company said on the website of the Swiss Official Gazette of Commerce. …

Russian gas import by EU countries down 48%

Russian gas import by EU countries down 48%

Russian gas import by EU member-states declined by 48% from 2022 year start, Gazprom said on Wednesday. "From the year start, countries of the European Union reduced Russian gas supplies to their market by 48%, and taking into …

Gas price in Europe up 30%

Gas price in Europe up 30%

The spot price of gas in Europe has risen 30% to almost $2,900/1,000 cubic meters due to the continued shutdown of the Nord Stream pipeline from Russia. TTF October futures have risen to $2,855 per 1,000 cubic meters since the start of …

Nord Stream idle due to oil leak at only turbine

Nord Stream idle due to oil leak at only turbine

Gazprom specialists failed to launch the Nord Stream gas pipeline after a three-day shutdown for scheduled maintenance. According to the message of Gazprom and the data of gas transport operators, the transit of Russian gas through Ukraine is …

Operator data suggests Nord Stream 1 flows to resume Sept. 3

Operator data suggests Nord Stream 1 flows to resume Sept. 3

Operator data on requests for gas on the Nord Stream 1 pipeline from Russia to Europe suggest flows should resume from Saturday morning, when Gazprom  said maintenance work will be completed. Gas nominations were at 14,437,507 …

Gazprom CEO explains why Nord Stream is 20% filled

Gazprom CEO explains why Nord Stream is 20% filled

Siemens now virtually does not have the capacity to regularly repair units for the Nord Stream pipeline, as it simply has nowhere to do it, Gazprom CEO Alexey Miller said on Wednesday. "Today, Siemens has virtually no opportunity …

Bulgaria to join to Turkish Stream?

Bulgaria to join to Turkish Stream?

Bulgaria has notified Gazprom that it is ready to resume negotiations on gas supplies, waiting for the Russian company's response in the near future, Bulgarian Energy Minister Rosen Hristov said. Gazprom cut …

Moscow and Tehran to sign gas swap agreement soon

Moscow and Tehran to sign gas swap agreement soon

An agreement of gas swap suppliers between Iran and Russia will concluded shortly, Iranian Oil Minister Javad Owji said on Wednesday. "The final agreement on import and gas swap supplies from Russia will be signed in the near …

Gazprom predicts gas prices in Europe may rise over $4,000

Gazprom predicts gas prices in Europe may rise over $4,000

Gazprom does not rule out that gas prices in Europe in winter may rise above the record-breaking figure $4,000 per 1,000 cubic meters, the holding said on Tuesday. "We would like to note, that on spot exchanges in Europe, gas …

German families face 480 euro rise in gas bills under new levy

German families face 480 euro rise in gas bills under new levy

German households will have to pay almost 500 euros ($509) more a year for gas after a levy was set to help utilities cover the cost of replacing Russian supplies, piling pressure on Berlin to come up with further relief measures for the …

Hungary ramps up gas purchases from Russia

Hungary ramps up gas purchases from Russia

The Hungarian Foreign Ministry said that Russia’s Gazprom began to supply gas above levels stipulated in the contract, the head of the Hungarian Foreign Ministry, Peter Szijjarto announced, following the results of negotiations in …

Scholz rules out social unrest because of gas shortage

Scholz rules out social unrest because of gas shortage

German Chancellor Olaf Scholz believes Germany will get through a natural gas crisis. Asked whether rising prices could trigger social unrest, Scholz said: "No, I don't think that we will see unrest in this country in this …

Ukraine halts Russian oil flows to Europe

Ukraine halts Russian oil flows to Europe

Ukraine has suspended Russian oil pipeline flows to parts of central Europe since early this month because Western sanctions prevented it from accepting transit fees from Moscow, Russia's Transneft said on Tuesday. Flows along the …