Gas

Gazprom Germania, an energy trading, storage and transmission business under Russia’s natural gas giant Gazprom, will be transferred to Germany’s regulator to ensure energy security, Economy Minister Robert Habeck said on Monday. All voting rights in the company will be transferred to the regulator, the Bundesnetzagentur, Habeck told a news …

Natural gas prices in Europe rose as supply fears intensified amid a push for further sanctions against Russia. Benchmark futures rose as much as 7%. Some European Union members are pushing for the bloc to quickly impose new penalties against Russia after reports of atrocities near Kyiv. German Chancellor Olaf …

Slovakia is willing to pay for Russian gas in rubles to keep its gas supply, the country’s Economy Minister Richard Sulik said on national television on Sunday. “If there is a condition to pay in rubles, then we will pay in rubles,” Sulik said, adding that the EU member state …

Australia stands to gain from a surge in energy prices on prospects that the war in Europe will exacerbate global oil and gas shortages as nations shun supplies from Russia, according to the government forecaster. The disruption to Russian energy exports amid sprawling sanctions on Moscow will keep prices high, …

Russian President Vladimir Putin on Thursday said that the country’s natural gas must be paid for with rubles, a demand apparently intended to help bolster the Russian currency, but one that European leaders say they will not comply with because it violates the terms of contracts and sanctions. Putin said …

The head of Latvia’s natural gas storage operator said April 2 the Baltic states were no longer importing Russian natural gas. “If there were still any doubts about whether there may be any trust in deliveries from Russia, current events clearly show us that there is no more trust,” said …

German Chancellor Olaf Scholz has announced that Russian President Vladimir Putin has climbed down from a demand that Europe pay its gas bills in rubles and will allow payment in euros for the meantime, Deutsche Welle (DW) reported on March 30. The Russian leader said money would be paid into …

US exports of liquefied natural gas set a record high in 2021, averaging 9.7 billion cubic feet per day (Bcf/d), according to the most recent ‘Natural gas Monthly’ report from the US Energy Information Administration. LNG exports increased by 50% from 2020. The increase was driven by increased demand in …

Europe’s largest economy braced for a cut-off of Russian gas supplies on Wednesday, activating the first phase of a national emergency plan. The move comes two days ahead of a deadline set by Russia for ‘unfriendly’ states to start paying for deliveries of Russian energy in rubles, rather than in …

Qatar is to invest $5 billion in Egypt, the government in Cairo announced Tuesday, in another sign of a growing rapprochement following last year’s restoration of ties. The announcement came after talks between President Abdel Fattah al-Sisi and visiting Qatari Foreign Minister Mohammed bin Abdulrahman Al-Thani, who also met Prime …