Russian gas and oil

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Europe does not want to wean itself off Russian gas

Europe does not want to wean itself off Russian gas

The European Union is reportedly unlikely to introduce a ban on imports of pipeline gas from Russia in the 11th package of sanctions as this idea has no support in Brussels, Politico …

EU to ban restart of Russian gas supply on routes to Europe

EU to ban restart of Russian gas supply on routes to Europe

The Group of Seven (G7) countries and the European Union are planning to ban Russian gas imports via routes where Moscow has previously cut supplies, acording to Financial Times referring to officials taking part in negotiations. …

Russia's Jan-Apr budget deficit hits 3.4 trln rubles

Russia's Jan-Apr budget deficit hits 3.4 trln rubles

Russia's federal budget recorded a 3.4 trillion rouble ($43.8 billion) deficit in the first four months of the year, the Russian finance ministry said. Oil and gas revenues of the Russian budget plummeted by 46% year-on-year in …

Turkey's deferment on Russian gas payments negotiated

Turkey's deferment on Russian gas payments negotiated

Turkey has agreed with Russian gas giant Gazprom for a deferral of a portion of payments due on natural gas supplied to the country, Turkish Energy Minister Fatih Donmez said on a broadcast by the Haber Global TV channel. …

Armenia left without Russian gas for four days

Armenia left without Russian gas for four days

Russia temporarily halted gas supplies to Armenia on Monday for four days to conduct planned maintenance on a major gas pipeline, Gazprom Armenia said. In a statement, Gazprom Armenia - a subsidiary of Russia's gas giant Gazprom - …

Gazprom reveals it has gas reserves for 100 more years

Gazprom reveals it has gas reserves for 100 more years

Gazprom has enough gas reserves to last 100 years - the company's recoverable gas reserves will reach 35 trillion cubic meters by the end of 2022, Chairman of the holding's Board of Directors Viktor Zubkov said. …

Türkiye acknowledges Europe's unpreparedness for gas crisis

Türkiye acknowledges Europe's unpreparedness for gas crisis

Europe was caught unprepared for the energy crisis, Turkish Energy Minister Fatih Dönmez said, stressing many European countries had to prefer liquefied natural gas to meet the demands. But that increased the energy …

Russian LNG imports to Georgia up almost 50%

Russian LNG imports to Georgia up almost 50%

Liquefied gas supplies from Russia to Georgia soared by 47.9% in January-February 2023 year-on-year, the Union of Georgian Importers of Petroleum Products reported. "In January-February 2023 imports of liquified gas amounted to …

Turkish Stream to be halted in June

Turkish Stream to be halted in June

The pumping of Russian gas through the Turkish Stream gas pipeline will be suspended  for maintenance in the summer of 2023. Previously, Turkish Stream was halted in the summer of 2022

Gazprom sets record for daily gas supplies to China

Gazprom sets record for daily gas supplies to China

Gazprom set a new historical record for daily gas deliveries to China via the Power of Siberia pipeline on March 20, having met the Chinese side's request, which significantly exceeded the daily obligations under the contract, the company …

Turkey announces gas hub implementation deadlines

Turkey announces gas hub implementation deadlines

The gas hub project proposed by Russia is at the stage of legal registration in Turkiye and various details are currently under discussion, a source familiar with the negotiations said. Earlier, Turkish Energy Minister Fatih Donmez said …