Russian gas and oil

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Russia's Gazprom halts gas supplies to two EU countries

Russia's Gazprom halts gas supplies to two EU countries

Russian energy giant Gazprom on Wednesday halted gas supplies to Bulgaria and Poland for failing to pay for gas in rubles. "Gazprom has completely suspended gas supplies to Bulgargaz (Bulgaria) and PGNiG (Poland) due to …

EU aims to end use of Russian oil and gas by 2027

EU aims to end use of Russian oil and gas by 2027

The European Union aims to reduce its dependence on Russian oil and gas by two-thirds by the end of the year and to zero by the end of 2027, EU Economic Commissioner Paolo Gentiloni told Il Messaggero daily in an interview published on …

Slovakia promises to pay for Russian gas in euros

Slovakia promises to pay for Russian gas in euros

Slovakia, which meets 85-87% of its natural gas needs at the expense of Russia, will pay for supplies in euros, Prime Minister Eduard Heger said. "We will pay for gas in euros in the second half of May. This is our plan", …

Gas transit through Ukraine drops to 48.6 mln cubic meters

Gas transit through Ukraine drops to 48.6 mln cubic meters

On Saturday, gas transit to Europe through Ukraine reached its lowest level since late February. Gazprom supplies Russian gas for transit through the territory of Ukraine in the regular mode, in accordance with the applications of …

Scholz: embargo on Russian gas harmful for European economy

Scholz: embargo on Russian gas harmful for European economy

An abrupt gas embargo would not bring quick peace to Ukraine and it is important for Germany to avoid a serious economic crisis, German Chancellor Olaf Scholz said in an interview published in Spiegel magazine. "Firstly, I do not …

Reserves of new Caspian field estimated as up to 150 mln tonnes

Reserves of new Caspian field estimated as up to 150 mln tonnes

Lukoil has received commercial inflows of natural gas and condensate at a recently discovered Titonskaya structure on the shelf of the Caspian Sea and reserves ranging from 140 to 150 mln tonnes of equivalent fuel will be presented to the State …

Transit of Russian gas through Ukraine slightly decreased

Transit of Russian gas through Ukraine slightly decreased

On Sunday, Gazprom continues its regular gas supplies for transit through Ukraine. The application of consumers is 57 million cubic meters. ""Gazprom" supplies Russian gas for transit through the Ukrainian territory …

Germans asked to conserve energy to reduce reliance on Russia

Germans asked to conserve energy to reduce reliance on Russia

Germans should start saving energy to become more independent from Russian fossil fuels, Economic Minister Robert Habeck said, as Europe’s biggest country looks for ways to cut reliance on Moscow. Habeck said Germany could become …

Armenia pays for Russian gas in rubles

Armenia pays for Russian gas in rubles

Armenia is making payments for Russian gas in rubles, the RBC reported on Friday citing Armenian Economy Minister Vagan Kerobyan. "As far as I know, the last few payments were in rubles, but at the appropriate rate," …

Russian gasification program to be expanded

Russian gasification program to be expanded

Russian President Vladimir Putin instructed to expand the program of gasification of Russian regions as much as possible. "It is necessary to expand the program of Russian regions' gasification. To change the approaches to …

EU now has to choose: either sanctions or gas

EU now has to choose: either sanctions or gas

The European Union has warned member states that President Vladimir Putin’s demand that “unfriendly countries” effectively pay for Russian gas in rubles would violate sanctions imposed on Moscow, Bloomberg writes. The …