Russia's gas production plummets following Ukraine's transit halt, media reports
The sharp decline is primarily attributed to Ukraine halting Russian gas transit through its territory on Jan. 1 after the expiration of a 2019 transit agreement.
Gazprom
Russian energy giant Gazprom suffers $13.1 billion loss in 2024
Gazprom's losses averaged $251 million per week, $35 million per day, or $1.4 million per hour. While the company's total revenue increased by 11% and its gas revenue by 14%, it still ended the year with a sales loss of 192 billion rubles ($2.3 billion).
Russia's Gazprom faces almost $20 billion in lawsuits from European energy firms
The claims stem from Gazprom's decision to drastically reduce gas deliveries to Europe in 2022 after Russian President Vladimir Putin demanded that payments be made in rubles.
Slovakia resumes gas imports from Russia via TurkStream pipeline
Slovak gas company SPP began importing Russian gas again through the TurkStream pipeline on Feb. 1, with plans to double supplies by April, Slovak news agency TASR reported on Feb. 6.
Ukraine's military intelligence reportedly disrupts Gazprom's digital services
Cyber specialists from Ukraine’s Military Intelligence Agency (HUR) launched a cyber attack on Gazprom and Gazpromneft on Jan. 29, Hromadske reported, citing sources from HUR.
Russia's energy giant Gazprom plans major layoffs as Europe market shrinks, media reports
Deputy Chairman of the Management Committee Elena Ilyukhina reportedly sent a letter to Gazprom CEO Alexey Miller, outlining the need for cost optimization due to "challenges facing the Gazprom Group."
Far-right Slovak delegation flies to Moscow for talks on Russian gas supplies
Andrej Danko, co-leader of the delegation, claimed that Warsaw refused to allow their flight to enter Polish airspace and the plane had to be rerouted via Czechia and Germany.
Russia condemns new US sanctions on energy sector, says it will continue oil and gas projects
Russia's Foreign Ministry argued the U.S. sanctions represented "an attempt to inflict at least some damage to the Russian economy, even at the cost of the risk of destabilising world markets."
As Russia cuts Transnistria from gas, stranded locals search for someone to blame
VARNIȚA, Moldova — The buzzing sound of chainsaws and generators is now common in Varnița, a village of 5,000 that borders Moldova's Russian-controlled region of Transnistria. Located next to the Russian-controlled city of Bender (Tighina), the village is subordinated to Chișinău but depends on the neighbouring breakaway region for its
Russia’s gas sector is running out of options after end of transit deal
Ukraine’s decision to end the gas transit deal with Russian energy giant Gazprom has been hailed by President Volodymyr Zelensky as one of Moscow’s biggest defeats. "When (Russian President) Vladimir Putin was handed power in Russia over 25 years ago, the annual gas pumping through Ukraine to Europe
Transnistria urges residents to heat stoves with wood amid significant gas shortages
Some 1,500 high-rise buildings in Transnistria are currently without heating and hot water, and nearly 72,000 homes are without gas.
Transnistria rejects offer to buy gas from Europe, expects Russia to resume supplies
Moldova had previously offered to assist the Russian-occupied region in securing gas via European platforms to mitigate the energy crisis. Transnistrian officials rejected the offer, saying they believe Gazprom will resume Russian gas supplies.
Rolling blackouts begin in Russian-occupied Transnistria amid gas shortages, local authorities say
Moldova has offered to help Transnistria purchase gas through European platforms. Vadim Cheban, head of Moldovagaz, said on Jan. 2 that Chisinau is ready to assist Transnistrian authorities in securing energy resources on market terms to mitigate the crisis.
Moldova to import electricity from Romania, Ukraine as Russia halts gas supply
Russian Gazprom's decision to halt gas supplies to Moldova resulted in a heating outage in the Russian-controlled region of Transnistria, prompting Chisinau to seek alternative sources of electricity.
EU won't be impacted by end of Russian gas transit deal with Ukraine, Deutsche Welle reports
European infrastructure allows for the flow of gas from other countries, a European Commission representative said.
Russia officially halts gas supplies to Moldova's Transnistria
Russia's energy giant Gazprom claimed the decision was related to Moldova's outstanding debt, not problems with transit via Ukraine.
Slovakia threatens to cut electricity supplies if Ukraine ends Russian gas transit
Slovak Prime Minister Robert Fico announced on Dec. 27 that his government will evaluate potential reciprocal measures against Ukraine, including halting electricity supplies, if Ukraine stops the transit of Russian gas to Slovakia after January 1.
Putin, Slovak PM discuss gas transit, standardizing 'mutual relations,' Fico says after Kremlin meeting
"In a long conversation ... Putin and I exchanged views on the military situation in Ukraine, the possibilities of an early peaceful end to the war, and on mutual relations between the Slovak Republic and the Russian Federation, which I intend to standardize."
Gazprom shares fall to 16-year low
Shares of Russian gas giant Gazprom fell to their lowest level since January 2009, The Moscow Times reported on Dec. 17.
Serbia claims US plans to sanction Russian-backed energy firm
The Petroleum Industry of Serbia, primarily owned by Russia’s Gazprom Neft and its parent company Gazprom, is Serbia’s exclusive gas supplier and controls the main pipelines delivering gas from Russia to Serbian households and industries.
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.
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.
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