Russian natural gas exports via Soviet-era pipelines running through Ukraine to Europe were halted in the early hours of New Year’s Day as a transit deal expired and warring Moscow and Kyiv have failed to reach an agreement to continue the flows. The shutdown of Russia’s oldest gas route to …
Read More »Slovak PM: Halting Russian Gas Transit to have Drastic Impact on EU
The halt of Russian gas transit to Europe via Ukraine will have a “drastic” effect on the European Union, Slovak Prime Minister Robert Fico warned on Wednesday, despite the European Commission saying that the bloc had prepared for the cut-off. “Halting gas transit via Ukraine will have a drastic impact …
Read More »Russia’s First Ice-Class LNG Carrier Begins Sea Trials
Russia’s first ice-class LNG carrier has begun sea trials, advancing its efforts to expand in the global LNG market despite US sanctions, reported Reuters. The Alexey Kosygin tanker, named after a Soviet statesman, was built at the Zvezda shipyard and will join Russia’s Arctic LNG 2 fleet, which has been …
Read More »Russia Plans to Reconnect Zaporizhzhia to National Grid
Russia intends to reconnect the Zaporizhzhia Nuclear Power Plant (ZNPP) to the national power grid when circumstances permit, local Russian media reported on Sunday. RIA Novosti reported on Sunday that Russia intends to reconnect the Zaporizhzhia Nuclear Power Plant (ZNPP) to the national power grid when circumstances permit. The report …
Read More »Sanctioned Russian LNG Cargo Stranded at Sea
The shadow fleet of liquefied natural gas carriers transporting blacklisted Russian LNG has encountered a major setback, with at least one ship’s cargo traveling around the world, finding no buyers as the cargo was deemed too risky. Bloomberg reports that an LNG carrier called “Pioneer,” carrying a sanctioned shipment of …
Read More »European Gas Prices Soar as Putin Says a New Ukraine Transit Deal Is Unlikely
Europe’s benchmark natural gas prices soared on Friday by the most in a week after Russian President Vladimir Putin said on Thursday that the chances of a new deal for Russian gas flows to Europe via Ukraine are low. Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, …
Read More »EU still Relies on Russia for a Fifth of Its Gas Needs
Twenty percent or 12.7 billion cubic meters (448.5 billion cubic feet) of natural gas imported into the European Union in the third quarter came from Russia, up two percentage points from the previous quarter and five percentage points against the third quarter of 2023, the European Commission has reported. The …
Read More »EU-Sanctioned Russian Oil still Hits Markets via Bulgaria
Even though the EU sanctions Russian oil, Bulgaria still allows crude to be processed at the Lukoil Burgas refinery. An investigation by Ukrainian journalist Mykhailo Tkach, working for the Ukrainska Pravda, shows that Lukoil’s Bulgarian Burgas refinery is still processing Russian crude. The volumes are being transported by Russia’s shadow …
Read More »Europe still Clings to Russia Gas with Record LNG Flow this Year
The European Union boosted imports of Russian liquefied natural gas against the backdrop of deepening tensions over pipeline supplies that flow through Ukraine. The bloc purchased a record amount of Russian LNG this year, according to ship-tracking data compiled by Bloomberg. Among top byers, France has already hit its highest-ever …
Read More »Russia’s Gazprom Makes First LNG Delivery to Italy amid Shifting European Energy Landscape
In a significant development for European energy markets, Russian energy giant Gazprom has completed its first liquefied natural gas (LNG) delivery to Italy from its Baltic Sea-based LNG Portovaya facility. The shipment, carried by vessel Cool Rover, arrived at Italy’s FSRU Toscana terminal in Livorno, Reuters reported citing LSEG data. …
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