In a strategic pivot towards Asia, Gazprom PJSC has reported delivering record volumes of natural gas to China through the Power of Siberia 1 pipeline, exceeding its supply obligations. The Russian energy giant fulfilled an elevated request from China National Petroleum Corporation (CNPC) on Thursday, marking a significant moment as …
Read More »Gazprom Mulls Investment Cut as Exports Drop
Russian state-owned energy giant Gazprom has said it planned to cut investment spending by a fifth next year amid dwindling gas flows to Europe and a heavy tax burden. Since Russia launched its assault on Ukraine in February 2022, European countries have sharply cut gas imports from Russia in a …
Read More »Russian Gas Continues to Flow into many EU Countries, including those which Formally Refused it – Gazprom CEO
Russian gas continues to be supplied to a large number of European countries, including the ones which formally refused it, Gazprom CEO Alexei Miller said in an interview with journalist Pavel Zarubin for the Moscow. Kremlin. Putin program on the Rossiya-1 (VGTRK) television channel. “Molecules in the main gas pipeline …
Read More »Gazprom to Produce Oil and Gas in Kyrgyzstan
«A project has been approved, according to which Gazprom PJSC will produce oil and gas in the country, provide our population with gas and process oil at our refineries,» the Minister of Energy of Kyrgyzstan Taalaibek Ibraev said at the XII St. Petersburg International Gas Forum. According to him, the …
Read More »Russia to Boost Natural Gas Supply to Hungary and China
Russia’s Gazprom will supply more gas to Hungary and China during the winter, CEO Alexei Miller told Russian media, as cited by Reuters. The update comes on the heels of another report that said Gazprom was working on expanding its gas export infrastructure to China. The Hungary and China updates …
Read More »Gazprom Reports Gas Production Drop of 25%
The state-owned Russian energy company Gazprom has released figures showing that its gas production fell by 25%, Russian news agency Interfax reported on Sept. 28. The reporting period compares the first half of 2023 with the first half of 2022. Gazprom blamed the fall on “the adoption in a number …
Read More »Gazprom Ships its First Cargo of LNG to China via Arctic Waters
Russian state energy giant Gazprom has shipped its first consignment of LNG to China through Russia’s Arctic waters, duplicating the delivery route used by Russian natural gas producer Novatek. In January, Gazprom opened an LNG liquefaction plant on Russia’s Baltic coast, about 100 miles to the northwest of St. Petersburg. …
Read More »Gazprom’s H1 Profit Plunges as Natural Gas Deliveries to Europe Slump
Russia’s gas giant Gazprom has reported a massive drop in its first-half net profit as deliveries to Europe have slumped compared to 2022 when Russia was still supplying pipeline gas to its European customers for most of the first half of last year. Gazprom’s net profit plunged by 8.5 times …
Read More »European Gas Prices again Top $400; Gazprom Requests 41.6 mcm Transit via Ukraine
The spot price for gas in Europe has again risen above $400 per thousand cubic meters after falling below that level at the end of last week. It had soared towards $500 before falling back to $355 amid concerns regarding a labor dispute and possible industrial action at LNG plants …
Read More »Russia’s Gazprom Requests 40.2 mcm Gas Transit via Ukraine
Gas Transport System Operator of Ukraine, or GTSOU, has accepted a nomination from Russia’s Gazprom today to transport 40.2 million cubic meters of gas through the country, up from 40 mcm on Sunday, data from GTSOU show. Capacity was requested only through one of two entry points into Ukraine’s Gas …
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