Turkey is in talks with the United States in an effort to receive a sanctions waiver to further continue payments for Russian natural gas imports, Turkish Energy Minister Alparslan Bayraktar said on Nov. 25.
Kyiv has indicated it will not extend the transit deal, ending over 50 years of gas flows from Siberia to central Europe — a vital revenue stream for Russia since the Soviet era.
Russia's Gazprom Export announced that its supply of natural gas to Austria is ending on Nov. 16, according to OMV, Austria's largest gas supply company.
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.
Germany's Economy Ministry instructed its state-operated import terminal "to reject LNG deliveries from Russia until further notice."
Slovensky plynarensky priemysel (SPP) may also consider a longer-term agreement, as it is also preparing to cut off Russian gas supplies through Ukraine.
The fields supplying the plant pumped an average of 0.4 million cubic meters of gas per day in the first ten days of November, Bloomberg reported, citing a person with knowledge of industry data.
Tankers bearing sanctioned Russian liquefied natural gas (LNG) have clustered off Russia's eastern coast following suspension of operations at the Arctic LNG 2 plant, indicating that Moscow is unable to find buyers for its product amid sanctions.
In the meantime, Gazprom's net cash flow from operating activities increased by 5% to $242 billion in 2023.
India will not purchase liquefied natural gas (LNG) from Russia's Arctic LNG 2 project, which has been sanctioned by Western countries, Indian Oil Secretary Pankaj Jain said on Sept. 27, Reuters reported. Arctic LNG 2, owned by Russia’s Novatek, aims to produce nearly 20 million metric tons of LNG
The U.K. imposed sanctions on Sept. 25 against five vessels and two companies involved in the transportation of Russian liquefied natural gas (LNG) as it looks to exert more pressure on sources of revenue for the Kremlin, according to a statement. While LNG exports have been less heavily sanctioned
Germany's natural gas storage facilities are full, and all goals have been met, according to German Vice-Chancellor and Economy Minister Robert Habeck
The Austrian Energy Ministry said as long as there is dependence on Russian gas supplies, "there is a massive risk of a corresponding supply failure with far-reaching consequences."
Authorities opened a preliminary criminal case into the potential violation of industrial health and safety standards, RIA Novosti said.
Buyers suspected of links to Russia are buying up dozens of vessels capable of carrying liquified natural gas (LNG), possibly signaling an expansion of its "ghost fleet" of tankers, the Financial Times (FT) reported on July 22.
Kyiv is in talks to transit gas from Azerbaijan to the EU after the contract to transit Russian gas expires in December 2024, President Volodymyr Zelensky said in an interview with Bloomberg on July 3.
"According to the preliminary information, the cause was an unusual heat, which led to depressurization and combustion," Saratov Oblast Governor Roman Busargin claimed on his Telegram channel.
European Union countries failed to approve a new sanctions package targeting the Russian gas industry after German authorities intervened to block the deal at the last minute.
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.
Former German Chancellor Angela Merkel was aware of Russia's intention to reduce gas supply to blackmail Europe to speed up the Nord Stream 2 pipeline launch but concealed the information, German media outlet Handelsblatt reported on June 6, citing classified documents.
"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.
Iran’s recent missile attacks against Israel serve as a stark reminder of the growing audacity of petro-dictatorships in flouting international norms and undermining global peace. Iran, emboldened by Russia’s relentless and indiscriminate assaults on Ukraine – targeting everything from hospitals and kindergartens to power stations with Iranian-made missiles and
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.
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.
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.
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.
The figures demonstrate that western sanctions targeting Moscow's oil and gas industries have not been as effective as hoped.
"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.
The European Parliament voted on April 11 to pass rules allowing member states to ban imports of Russian liquified natural gas (LNG), Reuters reported.
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.
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
"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.
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