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The European Commission (EC) has prepared a draft document that includes a mechanism for introducing a dynamic ceiling on natural gas (NG) prices. The final version will be presented at the EU summit on Nov. 24, Italian Environment and Energy …
Russian energy giant Gazprom has started natural gas shipments to Azerbaijan under a new contract, the company announced on Friday. The new agreement was signed between SOCAR and Gazprom for natural gas shipments to Azerbaijan, a …
Gazprom has started deliveries of Russian gas to Azerbaijan under a new agreement. It is noted that deliveries would be carried out until next March, the volume would be up to 1 billion cubic meters of gas. It should …
Turkey expects to play a key role in the pricing of natural gas once the hub on its territory is opened, Minister of Energy and Natural Resources Fatih Donmez said in an interview with the TRT TV Channel. "Turkey will not just …
The European Union’s executive signaled it does not see a price cap on imported natural gas as the best tool to rein in an unprecedented energy crisis and instead suggested a plan that would spread the soaring costs over …
Turkey's natural gas purchases from Russia have started to be paid partially in roubles, Turkish Energy Minister Fatih Donmez said on Tuesday. In an interview with broadcaster TRT Haber, Donmez said that in the coming months the …
The total deviation of actually received oil and gas revenues from the expected monthly volume and the estimate of the base monthly volume at the end of October 2022 was minus 7.5 billion rubles, the Russian Finance Ministry said on Thursday. …
Nord Stream AG said on Wednesday that it completed initial data collection from the site of damage at the first line of the Nord Stream in Swedish exclusive economic zone, having found man-made craters and a completely destroyed section of …
The gas hub roadmap will be determined by the end of the year, Turkey's work has been intensified at the suggestion of Russia, Anadolu Agency reports. It was noted that Ankara is pressing ahead with efforts to become an …
Russian companies and investors made contracts for development of oil and gas fields in Iran worth $4.5 bln, Oil Minister of Iran Javad Owji said on Monday. "Russian companies and investors made contracts with Iran at the moment …
Russia has chosen Turkey as a potential hub for gas supplies to Europe because working directly with European partners is hard, Russian President Vladimir Putin told reporters on Monday. "As for the choice of Turkey as a potential …
Turkey is seeking more cooperation with Saudi Arabia and other countries as it plans to be an energy hub to Europe, its finance minister Nureddin Nebati said. “Turkey from its geographical position is an energy corridor from …
Ankara will ensure the distribution of Russian gas to Europe through the TurkStream pipeline, Turkish President Recep Tayyip Erdogan said. "Hopefully, we will distribute the natural gas coming from Russia through Turkiye to Europe …
The UK government will impose a ban on the import of Russian liquefied natural gas from January 1, 2023. This is according to a statement the United Kingdom Foreign Office published on Friday. "From 1 January 2023, the UK is ending …
Turkey’s finance minister Nureddin Nebati said Ankara is pushing hard for a discount on the huge amount of gas it buys from Russia. According to the minister, Turkey is also asking Russia’s Gazprom for an option to …
On Saturday, the head of the office of the Hungarian Prime Minister, Gergely Gouyash, informed that the Hungarian government is satisfied with the results of the EU summit, which took place this week in Brussels. The countries managed to reach a …
Russia and Turkey have begun cooperation on a gas hub, the parties are currently assessing the design and construction, RIA Novosti reports citing a source in Ankara. "The work is underway, it requires estimates for design, …
German Chancellor Olaf Scholz claims that Germany has already overcome its dependence on Russian gas supplies and seeks to cut gas consumption by 20%. "I am glad that we have managed to agree at the European level on the goal of …
South Stream Transport B.V. has received the extension of the export license from authorities of the Netherlands, the TurkStream gas pipeline operator said on Wednesday. "On Monday October 17, 2022, South Stream Transport B.V. was …
Turkey will create an international hub from which Russian gas can be supplied to Europe, Turkish President Recep Tayyip Erdogan announced on Wednesday. Erdogan was speaking in parliament at a meeting of the faction of the ruling …
