Tag Archives: Gazprom

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 …

Russia’s Gazprom PJSC has decided to play its favorite game: pipeline politics. Starting November 16, Austria is off the guest list for Russian natural gas, following a €230 million ($242 million) arbitration spat between Gazprom and Austria’s OMV AG. OMV, refusing to let that cash slip away, decided to withhold …

Gazprom CEO Alexei Miller has issued a stark warning about the future of the European gas market. Speaking at the St. Petersburg International Gas Forum, Miller highlighted the rising volatility in gas prices and the possibility of new price shocks and supply disruptions. He attributed these risks to Europe’s ongoing …

Russia is accelerating its natural gas exports to China through the Power of Siberia pipeline, aiming to hit maximum capacity by the end of 2024—a full year ahead of schedule. Gazprom, Russia’s state-run energy giant, has agreed with China National Petroleum Corporation (CNPC) to boost December supplies, reaching the pipeline’s …

Natural gas flows from Russia to Europe via Ukraine continued on Thursday despite clashes at the Russia-Ukraine border near the only gas metering station that still sends Russian gas west to Europe. Unconfirmed reports emerged on Wednesday that Ukraine had seized Sudzha gas metering station in the Russian region of …