Slovakia signs pilot contract for purchase of natural gas from Azerbaijan
Slovensky plynarensky priemysel (SPP) may also consider a longer-term agreement, as it is also preparing to cut off Russian gas supplies through Ukraine.
Russian gas
Russia's Arctic LNG 2 project has cut gas production to almost zero, Bloomberg reports
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.
Sanctioned LNG ships gather off Russian coast as buyers withdraw, Bloomberg reports
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.
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.
India won't buy from sanctioned Russian Arctic LNG 2 project, Indian oil secretary says
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
UK introduces sanctions against ships, companies involved in export of Russian 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 has overcome shortage of Russian gas and is ready for winter, minister says
Germany's natural gas storage facilities are full, and all goals have been met, according to German Vice-Chancellor and Economy Minister Robert Habeck
Cutting off Russian gas supplies could be 'massive risk' for country, Austria says
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."
Explosion at Russian Arctic gas field kills at least 2, injures 8
Authorities opened a preliminary criminal case into the potential violation of industrial health and safety standards, RIA Novosti said.
Russia suspected of expanding its 'ghost fleet' to LNG exports, FT reports
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.
Ukraine considering transiting gas from Azerbaijan to EU, Zelensky says
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.
Gas pipeline on fire in Russia's Saratov Oblast
"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.
Germany blocks sanctions on Russian gas
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.
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.
Merkel withheld information about Russia's intention to blackmail Europe with gas, German outlet reports
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.
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.
Opinion: Russia’s shadow fleet strategy draws from Iran’s playbook
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
Commissioner: EU's next package of Russia sanctions to target LNG imports
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.
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.
Minister: Italy has no reason to oppose new EU sanctions against Russian gas
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.
FT: Turkey in talks with ExxonMobil to secure LNG deal, aims to reduce reliance on Russian natural gas
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.
Reuters: Russia's April oil and gas revenue to double compared to 2023, slightly drop from March
The figures demonstrate that western sanctions targeting Moscow's oil and gas industries have not been as effective as hoped.
Swedish FM: EU's next Russia sanctions package must target shadow tanker fleet, LNG imports
"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.
EU Parliament approves option allowing members to block Russian LNG imports
The European Parliament voted on April 11 to pass rules allowing member states to ban imports of Russian liquified natural gas (LNG), Reuters reported.
Reuters: Sanctions may force Russian company to scale back Arctic LNG project
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.
Naftogaz CEO: Ukraine 'has to become an energy-independent state'
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
EU pressures European importers to cut down Russian LNG purchases in 2024
"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.
Opinion: Europe has a Russian fossil fuel addiction
Over two years into Russia’s full-scale invasion of Ukraine, and Europe is still addicted to Russian fossil fuels. In spite of 13 sanctions packages against Russia and endless words of solidarity for Ukraine, recent data has revealed that many European Union countries continue to import massive amounts of liquified
Governor: Fire breaks out at oil depot in Russia's Kursk Oblast
A fire broke out at an oil depot in Russia's Kursk Oblast after a Ukrainian drone was shot down over its grounds, Roman Starovoit, the region's governor, claimed on March 10.
Energy minister rules out deals on transiting Russian gas through Ukraine
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.
EU Energy Commissioner: Gas imports from Russia fall by 71% since 2021
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.
Europe still hooked on Russian gas despite deep cut
Russia's war in Ukraine was a watershed moment for Europe. Following Russia's full-scale invasion of Ukraine, which has killed tens of thousands and forced millions out of the country, Russia sought to punish the European Union for supporting Kyiv. Russia began to choke Europe, violating pre-existing energy contracts and unilaterally
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