Tag Archives: Russia

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, …

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 …

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 …

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 …

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. …

Russian crude oil exports by sea have dropped by 11% from a recent high in October, due to maintenance at the Baltic port of Primorsk, pressure for Russia to align with its OPEC+ quota, and increased sanctions pressure. In the four weeks to December 15, Russia’s seaborne crude exports averaged …

A maritime disaster unfolded in the Black Sea when a Russian oil tanker dramatically split in half during a severe storm, raising serious environmental concerns. The cargo ship Volgoneft-212, carrying over 4,000 tonnes of heavy fuel oil, broke apart after being struck by a massive wave near the Crimean coast. …

Yamal LNG, the plant of Russian LNG developer and exporter Novatek, has begun using the Axios II tanker for ship-to-ship transfers in the Barents Sea, Reuters reports, citing vessel-tracking data from LSEG. Transshipments are used to free ice-class tankers by unloading LNG to conventional LNG vessels. But these STS operations …

Oil supplies from Russia to the Czech Republic via the Druzhba pipeline resumed early on Friday, Czech refiner ORLEN Unipetrol said, after flows were interrupted earlier this week. “Oil supplies were restored this morning and oil is flowing again through the Druzhba pipeline to the Czech Republic,” Unipetrol’s chief executive …

The China-Russia east-route natural gas pipeline, the pipeline with the largest single-line gas transmission capacity in China, has been fully connected, the pipeline’s operator announced Monday. The pipeline has also achieved full capacity operation with an annual transmission volume of 38 billion cubic meters, according to China Oil & Gas …