Tag Archives: Russia

Denmark could be the next country cut off from Russian natural gas as its biggest utility is refusing to cave in and make payments in rubles. Orsted A/S is preparing for Gazprom PJSC to cut off one of Denmark’s biggest sources of the fuel, the firm said in a statement …

European diplomats were pushing for a deal on stopping Russian oil imports on Monday, with leaders poised to back down to Hungary in a stand-off over sanctions when they assemble for a two-day summit on the fallout of the war in Ukraine. A proposal circulated among European Union diplomats would …

Russia’s Gazprom has resumed shipping natural gas to Turkey after completing planned maintenance on the undersea Blue Stream gas pipeline, the Interfax news agency reported on Monday.

Russia is constructing a way to pay its Eurobond debt that would sidestep the western financial infrastructure, now mostly off-limits because of the Ukraine war, Finance Minister Anton Siluanov was cited as saying in an interview with Vedomosti. Foreign investors can open accounts in Russian banks in rubles and hard …

Since Russia’s invasion of Ukraine upended global energy markets, the LNG industry has been grappling with many uncertainties. In fact, the only real certainty is that spot LNG prices will remain elevated for years to come, even if they don’t hit the most recent record highs again. Key demand centers …

The European Commission sent a revised proposal to national governments on Saturday that would spare oil shipments through the giant Druzhba pipeline, which is Hungary’s main source of crude imports, Bloomberg reported on Sunday, citing people familiar with the matter.

Cash-strapped Sri Lanka took delivery on Saturday of Russian oil — which could soon be subject to a European embargo — to restart operations at the country´s only refinery, the energy minister said. The island nation is suffering its worst economic meltdown since independence, with shortages of fuel and other …

The Haidach gas storage site in Austria—one of central Europe’s largest—may be unable to receive any natural gas ahead of next winter due to a lack of connections other than with Russia’s Gazprom, Austrian energy officials told Bloomberg on Friday. The Haidach site was built and used by Gazprom and …

Russia expects to receive one trillion rubles in additional oil and gas revenues this year, the Russian finance minister said, adding that part of the unexpected revenue will be spent on Moscow’s offensive in Ukraine. “We expect to receive up to one trillion rubles (.4 billion) in additional oil and …

Russian President Vladimir Putin reported to Austria on Friday that Russia would meet its natural gas delivery commitments and was ready to negotiate a prisoner swap with Ukraine, according to Reuters. President Putin told Austrian Chancellor Karl Nehammer over the phone that all gas deliveries would be completed in full. …