The Nord Stream 2 gas pipeline project will likely be completed this month, Rainer Seele, the head of the Austrian oil giant OMV, told the Russian Vedomosti newspaper. Asked when construction will be finished, Seele said “next week,” adding that gas could start flowing before the end of 2021. Kremlin …
Read More »Russia’s Gazprom Ramps up Production as Gas Exports Surge
Russian state-run energy giant Gazprom has increased output of natural gas by nearly 18% in the first eight months of the current year, compared to the same period a year ago. The gas producer said its output totaled 337.2 billion cubic meters, marking a year-on-year growth of 17.9%, according to …
Read More »Gazprom Surpassed Maximums in Russian Gas Deliveries to China
The Russian company Grazprom reported Wednesday that its gas deliveries to China through the Force of Siberia gas pipeline exceeded its contractual commitments with that Asian nation by more than 5.0 percent, establishing a new high of supply. According to a statement from the largest gas company in the country …
Read More »Gazprom and OMV Discussed the State and Prospects of Cooperation
A working meeting between Alexey Miller, Gazprom´s CEO, and Rainer Seele, CEO of OMV, took place on Friday in Russia. The parties expressed appreciation for the strategic cooperation between Gazprom and OMV, noting in particular their successful collaboration on the development project for the Yuzhno-Russkoye field. The field’s annual design …
Read More »European Commission: Gazprom must Sell Nord Stream 2
Gazprom must sell the Nord Stream 2 gas pipeline to comply with European competition standards. This view is shared by the European Commission, reports Frankfurter Allgemeine Zeitung, citing officials in Brussels. The EU Third Energy Package prohibits the same company from being both a gas supplier and the owner of …
Read More »Nord Stream 2 at Final Implementation Stage
The Nord Stream 2 gas pipeline project is at the final implementation stage, the Russian gas holding Gazprom said on Friday. The project status was reviewed by the CEO of Gazprom Alexei Miller and the CEO of Austria’s OMV Rainer Seele. “More than 50-year history of reliable export of Russian …
Read More »Russia to Pump 5.6 Billion Cubic Meters of Natural Gas through Nord Stream 2 Pipeline in 2021
Gas supplies via the Nord Stream 2 gas pipeline may total 5.6 billion cubic meters this year, Russia’s state-run energy giant Gazprom said in a statement on Thursday. The project was 99% complete as of July, with the pipe-laying barge Fortuna working at the final section. Gas flows via Nord …
Read More »Gazprom – A Thug in Europe’s Gas Storage Facilities
Gazprom, apart from limiting gas transit to Europe via its export gas pipelines, is also persistently emptying the European gas storage facilities under its control. This is leading to historically high gas prices on the European market, and is a harbinger of a crisis in the coming heating season. Record …
Read More »Gazprom Raises Gas Exports to Europe by 30% in 2021
Russian state-run energy giant Gazprom has increased gas supplies to Western Europe in the first six months of the year by 28.52% compared to the same period last year. The company’s gas exports to Europe amounted to some 77.235 billion cubic meters by June 2021, Gazprom said on Friday. Gas …
Read More »Gazprom’s Revenues Surge on Rising Natural Gas Prices
Export proceeds of Russian state-run energy giant Gazprom saw an enormous increase of 73% from January to June 2021 compared to the same period a year ago, according to Russia’s Federal Customs Service. In monetary terms, the growth amounted to $20.01 billion, while the physical volume of exports totaled 108.4 …
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