Russian gas and oil

page 8

EU warns of €195bn cost to free bloc from Russian energy

EU warns of €195bn cost to free bloc from Russian energy

The EU will have to spend close to €200bn in the next five years to secure energy independence from Russia, according to draft plans that set out aggressive targets in areas such as clean energy and lowering consumption. A draft of …

Russia reduces gas supplies to Germany

Russia reduces gas supplies to Germany

Russia reduced natural gas supplies to Germany in retaliation over Europe’s penalties, German Economy Minister Robert Habeck said. A unit of Gazprom PJSC that was seized by Germany is no longer receiving all contracted …

EU mulls energy sharing plan

EU mulls energy sharing plan

The European Commission is due to approve an emergency energy sharing plan on May 18 to grapple with a possible abrupt interruption of Russian gas supplies to the bloc, the Spanish newspaper El Pais reported. According to the news …

Austria rejects Russian gas embargo as red line

Austria rejects Russian gas embargo as red line

Austria remains opposed to the idea of a Russian gas embargo, as the move would be a red line for the republic, Austrian Minister for Digital and Economic Affairs Margarete Schrambock said in an interview with the Funke Media Group published on …

Why Armenian currency rises

Why Armenian currency rises

The dram has gained about 15 percent against the dollar in recent weeks, bolstered by an influx of Russians to Armenia and a move to buy gas in rubles rather than dollars

Europe thinks about buying Russian gas in rubles

Europe thinks about buying Russian gas in rubles

The European Commission (EC) should allow European energy companies to pay for Russian gas in rubles, Italian Minister for Ecological Transition Roberto Cingolani said, adding that this should be a temporary measure. "I think …

Hungary: 10 EU countries quietly buying gas with rubles

Hungary: 10 EU countries quietly buying gas with rubles

While multiple European leaders have publicly proclaimed they won’t buy Russian gas in rubles as Russian President Vladimir Putin has demanded, 10 EU countries are technically going along with Putin’s plan, Hungarian official Gergely …

Germany supports EU embargo on oil imports from Russia

Germany supports EU embargo on oil imports from Russia

The German government supports the plans of the European Union (EU) to impose an embargo on oil imports from Russia. During the latest preliminary talks on the sixth package of sanctions against Russia, Berlin spoke in favor of a ban, the DPA …

Gazprom cuts gas exports to non-CIS countries by 27%

Gazprom cuts gas exports to non-CIS countries by 27%

From January to April 2022, Gazprom's exports to non-CIS countries decreased by 26.9% (by 18.4 bln cubic meters), a message posted on the company's Telegram channel reads. "Gazprom continues to supply gas in accordance with …

Europe continues to redistribute Russian gas

Europe continues to redistribute Russian gas

The countries of Europe redistribute the Russian gas through reverse supplies. On April 27, Gazprom suspended gas exports to Bulgaria and Poland. Since then, applications for pumping through Ukraine via the Russian stations Sudzha and …

Hungary agrees to pay for Russian gas in rubles

Hungary agrees to pay for Russian gas in rubles

Hungarian Foreign Minister Péter Szijjártó confirmed that his country will use the payment scheme put in place by Moscow to pay for its oil and gas.  "85% of our gas supply comes from Russia, and 65% …

Moldova has no alternative to Russian gas - president

Moldova has no alternative to Russian gas - president

Moldovan President Maia Sandu said that the country does not have an alternative to Russian gas since buying fuel on the market will cost much more. "We cannot refuse gas in conditions where there is no alternative. Besides, …

Finland says will not pay for Russian gas in rubles

Finland says will not pay for Russian gas in rubles

Finland does not intend to agree with the Russia’s condition of paying for gas supplied from Russia in rubles, Minister for European Affairs and Ownership Steering Tytti Tuppurainen told Helsingin Sanomat newspaper. "We make …

Austria accepts terms of payment for Russian gas in rubles

Austria accepts terms of payment for Russian gas in rubles

The Austrian side, represented by Austrian oil and gas company OMV, accepted Russia's conditions for paying for Russian gas supplies in rubles by opening an account with a Russian bank, Austrian Chancellor Karl Nehammer said on Wednesday. …