(BOE Report) – U.S. liquefied natural gas supplies to Europe will continue to rise, U.S. Energy Secretary Chris Wright told Reuters on Monday during a visit to the Polish capital Warsaw. The United States is the world’s largest exporter of LNG and has played a major role in supplying Europe since Russia’s full-scale invasion of Ukraine in 2022 significantly reduced
(Investing) – MOSCOW – Russia’s vast Arctic oil business is facing major disruption from U.S. sanctions on its tankers and depots, stranding crude supplies previously snapped up by Asian buyers in storage, according to three sources familiar with its logistics. The sanctions unveiled on Friday are the toughest yet on Russia’s oil sector, targeting major producers Gazprom (MCX:GAZP) Neft and Surgutneftegas
MOSCOW – Russian gas supplies to Europe via Ukraine are set to end on New Year’s Day, bringing down the curtain on Moscow’s long period of dominance of supply in the European gas market. Russia’s oldest gas export route to Europe – a pipeline dating back to Soviet days – was set to shut at the end of 2024, as
Oil Price The European energy system is currently unstable and could face challenges and shortages, according to Russia’s state-controlled gas giant Gazprom, whose deliveries to Europe have slumped since the Russian invasion of Ukraine. “The fact that the systemic deficit has not gone away is manifested not only by the higher price level in 2023 compared to the pre-Covid
Reuters MOSCOW – Russian state gas company Gazprom (GAZP.MM) said on Tuesday that European gas prices could spike by 60% to more than $4,000 per 1,000 cubic metres this winter, as the company’s own export and production continues to fall amid Western sanctions. Gas flows from Russia, Europe’s top supplier, are running at reduced levels this year, after one route was
Reuters MUELHEIM AN DER RUHR, Germany (Reuters) -German Chancellor Olaf Scholz on Wednesday said Russia had no reason to hold up the return of a gas turbine for the Nord Stream 1 pipeline that had been serviced in Canada but has since been stranded in Germany in an escalating energy standoff. Standing next to the turbine on a factory
Yahoo BERLIN (AP) — Russian energy giant Gazprom appeared to cast doubt Wednesday on the prospects of quickly restoring the flow of natural gas to full capacity through a major pipeline to western Europe. Gazprom last month reduced the gas deliveries through Nord Stream 1 to Germany by 60%. The state-owned gas company cited technical problems involving a part that partner Siemens
Yahoo Finance LONDON – Shell said on Tuesday it has not agreed to set up a rouble account under new payment terms by Russian gas giant Gazprom to continue supplying Europe. “Shell has not agreed to new payment terms set out by Gazprom, including the creation of K (roubles) accounts,” it said in a statement. “We will work to continue
Yahoo Finance Russia widened its gas cuts to Europe on Tuesday with Gazprom turning off supply to top Dutch trader GasTerra escalating the economic battle between Moscow and Brussels and pushing up European gas prices. The move comes a day after Denmark flagged a potential end to its Russian gas supply and the European Union’s toughest measure yet against Russia
Nasdaq LONDON – Britain has granted Russia’s Gazprombank and its subsidiaries a licence for payments until the end of May despite sanctions in order to ensure gas supplies to the European Union, a Treasury document showed on Friday. The licence permits an individual or company to continue payments under contracts that began before April 21, 2022 and allows actions such
Reuters The volume of Russian gas transported via Ukraine to Europe fell 25% last year, reducing a key revenue stream for Ukraine’s struggling economy at a time of heightened tensions with Russia. The state operator of Ukraine’s gas transmission system said on Tuesday that 41.6 billion cubic metres (bcm) of Russian gas was transported through Ukraine to Europe in 2021, equivalent to a daily average of 114 million cubic metres
Reuters MOSCOW, Dec 21 – Russian energy giant Gazprom GAZP.MM expects to pay dividend on 2021 results of more than 45 roubles ($0.6087) per share thanks to high oil and gas prices, Gazprom’s Deputy CEO Famil Sadygov said on Tuesday. State-controlled Gazprom enjoyed record-high quarterly earnings in the July – September quarter, raking in almost $8 billion in net income thanks
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