Tag Archives: Russia

French Economy and Finance Minister Bruno Le Maire on Sunday warned there is a strong chance that Moscow will totally halt natural gas supplies to Europe, Politico reported. “Let’s prepare for a total cut-off of Russian gas; Today that is the most likely option,” Le Maire told the Rencontres Economiques, …

Russian gas transit through Ukrainian territory may total around 40 mln cubic meters on Saturday, according to data released on the website of the Gas Transmission System Operator of Ukraine (GTSOU). Nominations for transit of Russian gas for July 9 via the gas distribution station Sokhranovka are absent, whereas nominations …

European countries are attempting to substitute Russian energy resources, but it will lead to price growth, Russian President Vladimir Putin said on Friday at the Cabinet meeting. “Europeans are attempting to substitute Russian energy resources, but the outcome of such actions is expectable – this is the gas price increase …

European Commission chief Ursula von der Leyen has said the European Union needs to make emergency plans to prepare for a complete cut-off of Russian gas in the wake of the Kremlin’s war in Ukraine. The EU has already imposed sanctions on Russia, including on some energy supplies, and is …

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 …

The European Union (EU) is planning a deal with Namibia to support the country’s nascent green hydrogen sector and boost its own imports of the fuel, EU and Namibian officials said, as the bloc works to reduce its dependence on Russian energy. Hydrogen has long been touted as a less …

For the first time, the US is supplying more natural gas to Europe than Russia sends by pipelines, according to the International Energy Agency. Europe is seeking alternatives such as US liquefied natural gas to Russian supplies after Gazprom PJSC slashed shipments through Nord Stream, its biggest pipeline to Europe, …

Tokyo continues viewing the Sakhalin-2 project as important from the standpoint of providing power and gas supplies to Japan and intends to continue protecting its interests in the project, spokesman of the Japan’s government Seiji Kihara said on Monday. “The Sakhalin-2 is an important project for Japan from the standpoint …

Japanese Prime Minister Fumio Kishida said the ceiling price for Russian oil, which was included in the G8 summit statement, is expected to be about half the current price, Kyodo reported. “We will set a ceiling at about half the current price and create a mechanism to prevent people from …

For the first time, the U.S. provided more liquefied natural gas (LNG) to Europe than Russia sends by pipelines, according to the latest data released by the International Energy Agency (IEA). Russia ships about 150 billion cubic meters of gas to Europe via pipelines every year, and another 14 billion …