Russia’s Gazprom said it would send 42.7 million cubic meters (mcm) of natural gas to Europe via Ukraine on Saturday, hours after it announced that flows through the Nord Stream 1 pipeline to Germany would not resume as planned. Flows through the Sudzha entry point were up slightly from the 41.3 million cubic meters Gazprom […]
Tag: natural gas
Gazprom gas flows through Ukraine increased but not enough to cover Nord Stream 1
Russia’s Gazprom said it would send 42.7 million cubic meters (mcm) of natural gas to Europe via Ukraine on Saturday, hours after it announced that flows through the Nord Stream 1 pipeline to Germany would not resume as planned. Flows through the Sudzha entry point were up slightly from the 41.3 million cubic meters Gazprom […]
Kremlin: Nord Stream operation threatened with only one turbine
The reliability of Russia’s Nord Stream 1 natural gas pipeline is under threat as only one turbine is operating at the main compressor station, Kremlin spokesman Dmitry Peskov said today. The supply of natural gas through Nord Stream 1 to Germany was reduced to one-fifth of the pipeline’s capacity and completely stopped on Wednesday for […]
Kremlin: We will stop giving oil if they impose a ceiling on us
Moscow will stop selling oil to countries that impose price caps on its energy resources, Kremlin spokesman Dmitry Peskov said today, noting that they would lead to significant destabilization of the global oil market. “Companies that impose a price ceiling will not be among the recipients of Russian oil,” Peskov noted, echoing comments made yesterday […]
Russia Prepares to Restore Natural Gas Flows – 15% Plunge in Prices
Moscow indicated it would restore gas flows to Europe via Germany’s critical Nord Stream pipeline, easing markets. In particular, as Bloomberg reports, shipment orders published by the pipeline operator suggest that Russian gas flows are expected to resume from 2 a.m. Berlin time on Saturday. The orders show the pipeline will be restored to 20% […]
Citi: The ‘winners’ and ‘losers’ of the European Energy solution – Greece in the worst position
her Eleftherias Kourtalis Greece, together with the Netherlands and Italy, are the countries that are most vulnerable – both on the fiscal front and on the energy front – and will benefit the least from EU support measures for the energy market, Citigroup estimates in today’s analysis. There are three main questions that have arisen […]
Norwegian energy group Equinor has fully withdrawn from Russia
Norwegian energy group Equinor said on Friday it had completed its exit from Russia, fulfilling a promise it made after Moscow’s invasion of Ukraine in February to exit the Russian market entirely. Equinor’s move marks the first full, orderly exit of an international oil and gas company from Russia, as pressure mounts for other energy […]
EU plan to intervene in energy markets – ‘There are limits’ to what it can achieve
An emergency intervention in European electricity markets may lower prices but will not protect the region’s economy from the knock-on effects of a historic energy crisis, according to the Commission. The European Union is working on measures to curb electricity costs as Russia cuts shipments of natural gas needed to power power plants weeks before […]
Germany says it cannot rely on Russian gas supplies for the winter
Germany cannot rely on gas supplies from Russia’s Gazprom next winter once maintenance work on the Nord Stream 1 pipeline is completed this week, according to German Economy Minister Robert Habeck, Bloomberg reported. Gazprom has halted gas deliveries to Europe through its pipeline for three days, it said, starting on Wednesday, further cutting supplies as […]
Limit fluctuations for European natural gas
European natural gas is little changed today as traders assess the rapid filling of storage facilities amid concerns about Russian supply, according to Bloomberg. Stockpiles in the European Union are filling up about two months ahead of schedule, facing the risk that Moscow could keep shipments too low even after the end of a three-day […]