Tag Archives: Gazprom

Germany’s Crisis

Germany is in crisis in the immediate aftermath of Russia’s energy giant, Gazprom, effecting a 60 per cent reduction in the amount of natural gas it supplies to the country. This appears to be the latest move by the Kremlin to punish Europe for sanctions and military support for Ukraine. …

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Gazprom to Temporary Halt Natural Gas Supplies to Greece

Gazprom’s natural gas flows to Greece will be interrupted from June 21 to June 27, according to information published by from state-run Public Gas Corporation of Greece DEPA. The interruption is due to the annual scheduled maintenance of the TurkStream pipeline, through which Greece is supplied. Gazprom announced on Saturday …

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Germany Pumps €10bn into Gazprom Germania

Gazprom Germania will be handed a loan of up to €10 billion (£8.6bn), the German Government has confirmed. Officials have said that the aim is to place the firm into a long-term administration regime. It is reported that the loan will help the company avoid insolvency. In the statement, the …

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Ukraine Suggests Solution to EU Gas Crisis

Ukrainian gas transmission system operator GTS said on Wednesday it was ready to increase the volume of gas transit through the Sudzha entry point to supply the EU. This comes as the continent faces cuts to Russian gas-supply via the Nord Stream pipeline. “In order to help prepare European countries …

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Gazprom Announces 15% Gas Cut to Italy

Russian giant Gazprom will cut its gas supplies to Italy by 15% due to the back-and-forth between Russia and Europe over energy supplies, the company said on Wednesday. Following the decision to cut by 40% the volume of gas supplies to Germany along the Nord Stream pipeline on 14 June, …

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Russia Gas Sanctions could Cost Germany Extra $5.4B a Year

Russia’s sanctions against Gazprom Germania and its subsidiaries could cost German taxpayers and gas users an extra $5.4 billion (5 billion euros) a year to pay for replacement gas. The estimated cost was reported by German Welt am Sonntag weekly on Sunday, citing industry representatives. In May, Russia decided to …

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