Reuters MOSCOW – Russian gas giant Gazprom has booked about a third of offered additional gas transit capacity via the Yamal-Europe pipeline via Poland for November and has not booked any volumes via Ukraine, auction results showed on Monday. Gazprom’s data also showed its gas exports declined in the first half of October from the same period in September. The
Nasdaq Swiss-based Nord Stream 2 said it has appealed a court decision that confirmed the pipeline will not be exempt from European Union rules that require the owners of pipelines to be different from the suppliers of the gas that flows in them. The decision was made by the Duesseldorf Higher Regional Court in August, and a spokesperson for the
Nasdaq MOSCOW – European gas prices surged to all-time highs on Friday as Russia kept a tight lid on supply, signalling further price pressures on European consumers heading into the winter heating season. Russian gas supplies via the Yamal-Europe pipeline fell on Friday by almost 77% from Thursday, according to data from grid operator Gascade, as Kremlin-controlled Gazprom GAZP.MM booked only a
World Oil MOSCOW (Bloomberg) – Europe’s worst energy crisis in decades could drag deep into the cold months as Russia is unlikely to boost shipments until at least November. Gazprom PJSC is producing the most gas in more than a decade for this time of year, but the additional output is staying at home. Russia needs to refill its storage
Nasdaq BRUSSELS – Germany on Thursday lost its fight in Europe’s top court against a ruling limiting Gazprom’s GAZP.MM access to the OPAL pipeline that links the Russian gas producer’s Nord Stream pipeline to the country. The case is part of a long-running dispute over the transportation of Russian gas to Europe, which has pitted Poland and other eastern European countries against
Nasdaq MOSCOW, May 18 (Reuters) – Russian gas giant Gazprom GAZP.MM expects demand for natural gas to grow in the coming decades and for it to play a bigger role in energy consumption than renewable sources and hydrogen, a company official said on Tuesday. The forecasts runs counter to a global trend for an energy transition from fossil fuels to the use of environment-friendly
Reuters MOSCOW – The chairman of Russian gas producer Gazprom’s board was cited by the TASS news agency on Friday as saying that construction of the Nord Stream 2 gas pipeline to Germany would be completed this year despite U.S. opposition to the project. The United States said this week that sanctions against the pipeline were a real possibility. The
Reuters WASHINGTON – Two U.S. senators urged President Joe Biden to ensure the implementation of sanctions passed in January aimed at stopping the Nord Stream 2 Russia-to-Germany gas pipeline project, which a State Department spokesman reiterated on Friday was a “bad deal” for Europe. Senators Jim Risch, a Republican, and Jeanne Shaheen, a Democrat, urged the State Department not to
Reuters WASHINGTON – Sanctions that could hinder one of Moscow’s most important projects in Europe, the Nord Stream 2 natural gas pipeline, have been included in the annual U.S. defense policy bill, two congressional aides said on Wednesday. The sanctions in the compromise National Defense Authorization Act between lawmakers in the House and Senate would penalize companies facilitating the construction
Reuters WARSAW/MOSCOW – Poland has fined Russia’s Gazprom GAZP.MM more than 29 billion zlotys ($7.6 billion) for building the Nord Stream 2 gas pipeline without Warsaw’s approval, its watchdog said on Wednesday, prompting the company to say it will appeal. The project has stoked concern about Moscow’s dominance of European energy supplies and attracted U.S. sanctions, although rival sales of Azeri
Reuters MOSCOW – Azerbaijan’s ties with Russia, already strained by conflict in Nagorno-Karabakh, face further pressure from the launch later this year of a gas pipeline that is poised to squeeze Moscow’s diminished gas sales to Europe and Turkey. The $40 billion Southern Gas Corridor will draw from Azerbaijan’s giant Shah Deniz II field in the Caspian Sea and has
Reuters WASHINGTON – Any companies that rush to finish building a Russian natural gas export pipeline to Germany that came under U.S. sanctions this month risk being penalized, senior U.S. officials said on Sunday. President Donald Trump signed a bill late this month imposing sanctions on the Nord Stream 2 gas pipeline project led by Gazprom (GAZP.MM), Russia’s state-controlled gas
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