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.
Gazprom
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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