Moldova announces state of emergency over expected halt of Russian gas
Moldova's parliament on Dec. 13 voted to introduce a 60-day-long state of emergency starting Dec. 16 over the expected halt of Russian gas transit via Ukraine.
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Austrian OMV company terminates contract with Gazprom Export
Austrian oil and gas company OMV has terminated its long-term gas supply contract with Russia's Gazprom Export, the OMV website reported on Dec. 11.
Transnistria declares economic emergency over Russian gas supply threat
Leader of Moldova's Russian-occupied Transnistria region, Vadim Krasnoselsky, signed a decree on Dec. 9 introducing a 30-day economic state of emergency due to the risk of Russian gas supply disruptions, Newsmaker media reported.
Putin changes Russian gas payment laws after US sanctions Gazprombank
According to Putin's new law, gas purchases are no longer tied to Gazprombank and can be settled by offsetting mutual debts. The U.S. sanctioned Gazprombank on Nov. 21.
Ukrainian intelligence hackers disrupt Russia's Gazprombank, source says
The cyberattack, described as a powerful distributed denial-of-service (DDOS) assault, disrupted Gazprombank's online and mobile banking services.
Ukraine Business Roundup — Historic tax increase signed 44 days late
The following is the Dec. 3, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. President Volodymyr Zelensky finally signed into law a bill authorizing Ukraine’s first wartime tax increase on Nov.
Hungary criticizes US sanctions on Gazprombank as 'threat to energy security', Bloomberg reports
Hungary criticized U.S. sanctions on Gazprombank, stating that they pose a threat to the energy security of Central European countries, Foreign Minister Peter Szijjarto said in a statement on Nov. 22.
Austria's OMV secures $243 million arbitral award for Gazprom's irregular German gas supplies
Austrian integrated oil and gas company OMV announced on Nov. 13 that it had secured an arbitral award from the International Chamber of Commerce exceeding $243 million. This ruling relates to irregularities in German gas supplies provided by Gazprom.
No Azeri gas deal currently on table to maintain flows via Ukraine, Naftogaz CEO says
No deal is currently on the table between Europe and Azerbaijan to keep gas flowing through Ukraine once a transit deal with Russia expires at the end of the year, despite reports a contract was nearing, CEO of Ukrainian state-owned oil and gas giant Naftogaz said.
Hungary wants to increase gas purchases from Russia's Gazprom in 2025
Budapest and Russia's state-owned gas company Gazprom are in talks on additional purchases of gas next year, Hungarian Foreign Minister Peter Szijjarto said in an interview with Kremlin-run RIA Novosti published on Oct. 15.
Serbia makes deal with Gazprom for extra 400 million cubic meters of gas this winter
Dusan Bajatovic, CEO of the Serbian state-owned company Srbijagas, came to an agreement with Alexey Miller, CEO of Russian state-owned energy giant Gazprom, and expects Russian gas supplies to reach 400 million cubic meters this winter.
Hungary's oil company MOL faces delays in project weaning its refineries off Russian crude
According to the new estimates, MOL, which owns refineries in Hungary and Slovakia, will be able to process non-Urals oil by the end of 2026, as opposed to their earlier estimates of early 2026.
Gazprom becomes Russia's least profitable company in 2023, Forbes reports
In the meantime, Gazprom's net cash flow from operating activities increased by 5% to $242 billion in 2023.
Why Russia still rakes in cash transporting gas through Ukraine: 4 key charts
While Russia's deadly war rages on Ukraine's soil, one unexpected aspect of the invasion is that natural gas continues to flow through Ukraine from Russia, with both sides profiting from the deal and – to an extent – financing each other's war machines. That is expected to change when their deal expires
Moscow oil refinery suspends unit's operations following large-scale Ukrainian drone attack, Reuters reports
Gazprom Neft Moscow refinery suspended operations at the plant's Euro+ refining unit following a fire on Sept. 1 caused by a purported large-scale Ukrainian drone attack on the region, Reuters reported, citing its sources.
Explosion at oil refinery in Russian city of Omsk injures 2
Vitaly Khotsenko, acting governor of Omsk Oblast, confirmed that two people had been injured and claimed that the situation was under control.
Ukraine, Russia have no intention of halting gas flows to Europe amid fighting in Kursk Oblast, Bloomberg reports
Kyiv and Moscow plan to continue transmitting gas to Europe despite Ukraine's incursion in Kursk Oblast near a key cross-border transit point for the fuel, Bloomberg reported on Aug. 12, citing its undisclosed sources.
Russia's Gazprom net losses nearly double year on year
Gazprom's revenue fell by 30% last year with a net loss of $6.9 billion, the largest in 25 years.
Bulgaria sues Russian Gazprom, seeking compensation of more than $430 million
In 2023, the Russian gas giant suspended Bulgargaz's long-term contract, which covered 90% of the quantities of natural gas delivered by Bulgargaz to customers.
German Uniper cancels contract with Gazprom after arbitration ruling
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.
Gazprom won't recover losses from full-scale war, report says
"The main consequences of sanctions for Gazprom and the energy industry are the contraction of export volumes, which will be restored to their 2020 level no earlier than in 2035," the report said.
Russia to increase taxes on struggling energy giant Gazprom this year
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.
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.
Bloomberg: Russia to supply China with cheaper gas compared to European market at least through 2027
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.
Media claim drone attack on Russia's Belgorod damages Gazprom administrative building
A Ukrainian drone strike on Belgorod on April 12 damaged an administrative building of a "resource supply company," injuring two people, Belgorod Oblast Governor Vyacheslav Gladkov claimed.
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
Gazprom declines to buy additional capacity through Ukraine again
The Russian state-owned gas export monopoly did not purchase any additional transit capacity through Ukraine for December on top of its contractually agreed minimum volume. The decision caused European gas futures to spike by over 5%. Gazprom is contractually obliged to pay Ukraine for the transit of 109 million cubic
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