An arbitration court awarded the German energy company Uniper the right to terminate a long-term contract with Russia's Gazprom and more than 13 billion euros ($14 billion) in damages for failed gas deliveries, Uniper said on June 12.
China has become a key lifeline for Russia's economy after the West sought to wean off Russian fossil fuels in the wake of the full-scale invasion of Ukraine. Beijing is now using Moscow's growing dependency to gain advantageous conditions on the Power of Siberia 2 pipeline, the FT wrote.
An overnight missile attack on occupied Luhansk Oblast has damaged a gas pipeline in Pervomaisk, occupation authorities reported on May 30.
Gazprom’s revenue fell by 30% last year with a net loss of $6.9 billion, the largest in 25 years. Russia’s full-scale invasion of Ukraine led to worsening relations with Europe, limiting the operations of the company.
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.
The Naftogaz Group did not specify in what oblasts the targeted gas facilities were located, nor what the full consequences of the attack were.
Russia is expected to export natural gas to China with prices as much as 28% below those for Russia's European clients at least until 2027, Bloomberg reported on April 23, citing the Russian Economy Ministry's outlook.
Russia's large-scale attack against Ukraine early on April 11 targeted two of Ukraine's underground storage facilities (UGS), Ukraine's state-owned oil and gas company Naftogaz said.
Ukraine has been encouraging foreign traders to store gas in its vast underground gas storage (UGS) facilities, the majority of which are located in western Ukraine.
The High Anti-Corruption Court sentenced in absentia former Ukrainian lawmaker Oleksandr Onyshchenko to 15 years in prison with a confiscation of property, the National Anti-Corruption Bureau of Ukraine (NABU) said on April 5.
The facility, operated by Naftogaz’s subsidiary Ukrtransgaz, will require repairs to its surface infrastructure, but the attack did not impede its operations due to the gas being stored deep underground, Naftogaz CEO Oleksiy Chernyshov noted.
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.
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.
Ukraine's state-owned oil and gas giant Naftogaz aims to produce 15 billion cubic meters of natural gas in 2024, Prime Minister Denys Shmyhal said at the meeting of the Cabinet of Ministers on March 1.
Ukraine got through the winter using domestic gas production only for the first time in history, Naftogaz’s CEO Oleksiy Chernyshov wrote on his Facebook on March 1.
The operator of the Nord Stream 2 pipeline registered a subsidiary in Germany to bring the project closer to certification. The new company, registered in Schwerin, will own and operate the 54-kilometer section of the pipeline in German waters, as well as the landfall facility in Lubmin, according to a
Germany and possibly other European countries want exemptions for the energy sector in any sanctions targeting Russia if it further invades Ukraine, Bloomberg reported, citing documents and unnamed sources. The report reveals continued disagreement among Western allies about how to punish Russia, which has 120,000 well-equipped troops on Ukraine's
Ukraine's state-owned gas company Naftogaz has appealed to the European Commission to take action against its Russian counterpart Gazprom’s alleged monopoly on the European gas market, highlighting the company’s manipulation of natural gas supply during the current European energy crisis. In a press release published on the Naftogaz
A coal power plant in the city of Chernihiv just experienced something it’s not faced in 60 years – it has run out of coal. The Chernihiv Thermal Energy Plant was forced to switch to natural gas to generate electricity, the local news service reported on Dec. 14. What’s
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