Tag Archives: Gazprom

Asia’s oil demand is growing in the autumn, too, whereas major importers like China keep stockpiling crude, so OPEC+ was right to continue boosting supply, Alexander Dyukov, chief executive at Russian oil producer Gazprom Neft, said on Thursday. “Global oil consumption rises in the summer. Typically, demand in Asia continues …

Russian gas monopoly Gazprom increased its gas supplies to Europe via the TurkStream pipeline in May by 10.3% compared to April, from 41.7 million to 46 million cubic meters per day, Reuters reported on June 2. After the cessation of supplies through the Yamal-Europe pipeline and Nord Stream, and the …

European energy firms have filed lawsuits against Russian energy giant Gazprom totaling 18 billion euros ($19.6 billion) over gas supply cuts, the Moscow Times reported on March 10. The claims stem from Gazprom’s decision to drastically reduce gas deliveries to Europe in 2022 after Russian President Vladimir Putin demanded that …

In a significant development for European energy markets, Russian energy giant Gazprom has completed its first liquefied natural gas (LNG) delivery to Italy from its Baltic Sea-based LNG Portovaya facility. The shipment, carried by vessel Cool Rover, arrived at Italy’s FSRU Toscana terminal in Livorno, Reuters reported citing LSEG data. …

Bulgaria said it may halt the transit of Russian natural gas to central Europe if Gazprom PJSC doesn’t find a payment solution amid US sanctions. It’s the latest twist in a saga over the future of European energy supplies, with gas demand poised to rise over the winter months. The …

The European Union is working with the United States to soften the blow without undermining their shared stance against Moscow. Gazprombank, pivotal for Russian natural gas transactions, has become a focal point of geopolitical and energy strategy since the U.S. imposed sanctions last month. While President Vladimir Putin’s decision to …

Gazprom’s natural gas flows via the Power of Siberia pipeline to China have reached full capacity of 38 billion cubic meters annually, the Russian gas giant said on Monday. Gazprom started sending gas to China via the Power of Siberia pipeline at the end of 2019, and flows have now …

Russian gas giant Gazprom is cutting its planned investments for next year by 7% compared to 2024 levels as more natural gas flows out of Russia are now headed to China instead of Europe. Gazprom’s investment is now geared toward developing gas fields and processing facilities in eastern Russia and …

Austria’s energy firm OMV has seized $241 million (230 million euros) of Gazprom natural gas deliveries for October as a means to recover the arbitration award, which prompted Gazprom to cut off supply, sources close to OMV and Gazprom have told Reuters. Earlier this month, OMV said that it had …

Austria appears to be still receiving some Russian gas two days after the country’s integrated energy company, OMV, declared it would stop paying Gazprom to offset a 230 million-euro ($242 million) arbitration award by the International Chamber of Commerce over a previous gas cut-off. According to Reuters, gas flows from …