Commissioner: EU's next package of Russia sanctions to target LNG imports
Kadri Simson also said the EU is preparing for a sudden end to the Russian gas supply when the transit contract between Ukraine and Moscow expires at the end of this year.
Russian gas
Gazprom reports nearly $6.9 billion in net losses in 2023
The state-owned Russian energy giant Gazprom reported a net loss of 629 billion rubles (nearly $6.9 billion) in 2023, the company's largest profit downturn in decades amidst falling gas prices and a limited European market.
Minister: Italy has no reason to oppose new EU sanctions against Russian gas
Italy has overcome its dependence on Russian gas and will not oppose the proposed package of EU sanctions on liquified natural gas (LNG), Italian Energy Minister Gilberto Pichetto Fratin said on April 28.
FT: Turkey in talks with ExxonMobil to secure LNG deal, aims to reduce reliance on Russian natural gas
Turkey is in talks with ExxonMobil to secure a long-term liquified natural gas (LNG) deal worth billions of dollars, aiming to diversify its energy sources, says Turkish Energy Minister Alparslan Bayraktar. The potential agreement could provide up to 2.5 million tons of LNG annually for 10 years.
Reuters: Russia's April oil and gas revenue to double compared to 2023, slightly drop from March
The figures demonstrate that western sanctions targeting Moscow's oil and gas industries have not been as effective as hoped.
Swedish FM: EU's next Russia sanctions package must target shadow tanker fleet, LNG imports
"Adopting the 14th sanctions package is one of the most important things," Swedish Foreign Minister Tobias Billstrom said when he arrived in Luxembourg for a ministerial EU meeting.
EU Parliament approves option allowing members to block Russian LNG imports
The European Parliament voted on April 11 to pass rules allowing member states to ban imports of Russian liquified natural gas (LNG), Reuters reported.
Reuters: Sanctions may force Russian company to scale back Arctic LNG project
Russian gas producer Novatek is considering scaling back a major liquefied natural gas project due to the impact of Western sanctions, Reuters reported on April 4, citing sources in the industry.
Naftogaz CEO: Ukraine 'has to become an energy-independent state'
Despite Russia’s incessant attacks on Ukraine’s energy system throughout its now more than two-year-old invasion, the country’s oil and gas giant Naftogaz just celebrated its first heating system without any gas imports. It is the “greatest moment in Ukraine’s energy history,” Naftogaz CEO Oleksiy Chernyshov told
EU pressures European importers to cut down Russian LNG purchases in 2024
"My message was that this year must bring further disengagement from Russian exports," Energy Commissioner Kadri Simson told Bloomberg following an EU-U.S. Energy Council meeting in Washington.
Opinion: Europe has a Russian fossil fuel addiction
Over two years into Russia’s full-scale invasion of Ukraine, and Europe is still addicted to Russian fossil fuels. In spite of 13 sanctions packages against Russia and endless words of solidarity for Ukraine, recent data has revealed that many European Union countries continue to import massive amounts of liquified
Governor: Fire breaks out at oil depot in Russia's Kursk Oblast
A fire broke out at an oil depot in Russia's Kursk Oblast after a Ukrainian drone was shot down over its grounds, Roman Starovoit, the region's governor, claimed on March 10.
Energy minister rules out deals on transiting Russian gas through Ukraine
Kyiv and the EU have previously said they would not seek the prolongation of the transit deal for Russian gas, signed in 2019 and currently set to expire in December 2024.
EU Energy Commissioner: Gas imports from Russia fall by 71% since 2021
The European Union's gas imports from Russia have decreased by 71% since 2021, EU Energy Commissioner Kadri Simson announced on March 4, following an Energy Council meeting in Brussels.
Europe still hooked on Russian gas despite deep cut
Russia's war in Ukraine was a watershed moment for Europe. Following Russia's full-scale invasion of Ukraine, which has killed tens of thousands and forced millions out of the country, Russia sought to punish the European Union for supporting Kyiv. Russia began to choke Europe, violating pre-existing energy contracts and unilaterally
Naftogaz CEO Vitrenko: ‘Russian gas is a weapon’
Yuriy Vitrenko's desk, buried in paperwork, leaves little room for doubt – the winter of 2022 will be hard for Ukraine. Naftogaz, Ukraine's energy monopoly, will face an uphill battle to provide enough gas for this year's heating season, CEO Vitrenko told the Kyiv Independent. He said that this will be
Behind the smoke and mirrors of Russia’s resilient wartime economy
Russia is officially the world's most sanctioned country, but the Kremlin doesn't seem to care. Since Moscow launched a full-scale invasion of Ukraine in February, trade bans from the European Union and the United States have seen imports grind to a halt. Meanwhile, hundreds of international companies have fled the
Aura Sabadus: Will Putin deploy his energy weapons against Europe?
Editor’s Note: This op-ed was published by Atlantic Council. It is republished here with permission. With Russia threatening a new invasion of Ukraine, US and EU officials have been working on contingency plans to identify alternative energy supplies for European consumers in case Moscow disrupts westward deliveries of oil
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