Tag Archives: Gazprom

Europe’s energy ministers have joined forces to establish a plan that will reduce their dependence on foreign gas and purchase supplies as a bloc as part of a larger effort to combat Russia’s stake in the highly-coveted resource. The plan is to purchase strategic gas reserves as a bloc with …

Russia fulfills all of its obligations towards gas consumers in the European Union and it is impossible to increase gas transit before gas is sold under a contract, Kremlin spokesman Dmitry Peskov said on Wednesday. Peskov commented on the statement Amos Hochstein, US State Department’s Senior Advisor for Energy Security …

Russian gas giant Gazprom has turned down an option to maximize gas shipments to Europe as the continent faces a looming energy crisis amid surging natural gas prices. Gazprom did not book any of the additional capacity available in transit pipelines running through Ukraine in auctions for October, the state-run …

The long-awaited Nord Stream 2 (NS2) pipeline is arguably the world’s most contentious energy project. While its completion was uncertain for a long time, favorable political, economic, and environmental developments have worked in its favor. Recently, Gazprom, the owner and operator of the pipeline, announced its completion. However, legal challenges …

Russia’s natural gas reserves will last for more than a century, Alexey Miller, chairman of the board of gas giant Gazprom, said on Friday. “Gas reserves in Russia, Gazprom’s gas reserves are the largest in the world. And we won’t have any problems with our reserves for the next 100 …

A group of around 40 deputies of the European Parliament has submitted a letter to the European Commission (EC) urging it to investigate from the viewpoint of the EU’s antimonopoly norms Gazprom’s actions that allegedly pushed gas prices up to a record level in Europe, a source in the European …

Gas consumption in China is growing faster than in any other country of the Asia-Pacific region, Gazprom CEO Alexey Miller said on Friday. He was speaking at the 24th annual general meeting of the International Business Congress, which took place on September 14-17 in a mixed format. “The Chinese market …

The completion of the Nord Stream 2, an undersea natural gas pipeline in the Baltic Sea that will greatly improve Russia’s capacity to transport gas to Germany, continued to drive up share prices of some Chinese energy companies on Tuesday, as some analysts said that companies investing in the Yamal …

Gazprom announced that it has fully completed the construction of the €9.5bn Nord Stream 2 gas pipeline, which is designed to transport Russian natural gas to the European Union through the Baltic Sea. Nord Stream 2, the pipeline holding company, will now carry out the necessary pre-commissioning activities with an …

The gas export proceeds of Russian energy giant Gazprom between January and July grew 1.8 times compared with the same period of the previous year and amounted to over $23 billion, according to Russia’s Federal Customs Service. Statistics showed that the physical volume of gas exports during the reported period …