Tag Archives: Gazprom

France plans to renationalize EDF, its giant utility. That doesn’t sound like a big deal because the government already owns 84% of EDF’s outstanding shares. But here is how we read the story. The French government wants to expand nuclear production in France and it also wants EDF to spend …

Russia’s lower house of parliament approved on Tuesday amendments in the country’s tax code that would slap a windfall tax on Gazprom of the equivalent of $20 billion between September and November, which will boost Russia’s tax revenue income. The amendment still needs to be approved by the upper house …

Gazprom could reportedly seek to change the terms of its delivery contracts if countries implemented a price cap on Russian gas. That follows reports which claimed that G7 leaders will start exploring the options around imposing possible price caps on Russian oil and gas imports. It is expected that the …

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. …

The German government said that it remains committed to its goal of phasing out coal as a power source by 2030, despite deepening worries about a cut in Russia’s gas supplies. Russia’s Gazprom announced last week that it was sharply reducing supplies through the Nord Stream 1 pipeline to Germany …

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 …

Russia reduced natural gas to Europe again on Friday, including cutting flows by half to Italy and Slovakia and completely to France, as countries have worked to ease their dependence on Russian supplies amid the war in Ukraine. It marks the third day of significant reductions to the fuel that …

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 …

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 …

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, …