Tag Archives: Russia

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. …

While Europe shuns Russian oil amid sanctions and expectations of an oil embargo on Russian oil imports, India and China have stepped up purchases and are importing record volumes of Russian crude, according to data from energy analytics company Kpler cited by Bloomberg on Friday. Russia had up to 79 …

The European Union is discussing the idea of temporarily exempting Russian oil supply via the Druzhba pipeline from a ban on imports of Russia’s crude, as leaders are trying to persuade Hungary to drop its opposition to an embargo, Bloomberg reported on Friday, quoting sources with knowledge of the discussions. …

Germany plans to use coal-fired power plants that were due to be closed this year and next as reserve facilities, as part of a plan to make sure the country can keep the lights on in case natural gas supplies from Russia are abruptly cut. The plan comes as the …

The European Union is considering the idea of a construction of an offshore gas pipeline between Spain and the Italian coast in Tuscany to reduce the EU’s reliance on Russian gas, Spanish daily El Pais reported on Wednesday. Spain has the highest number of regasification terminals for liquefied natural gas …

Russian oil production has been falling since its invasion of Ukraine. Russia’s crude producers are struggling to place all their oil on the market—especially the European one—and domestic refinery throughput is also slumping amid lower demand. Despite this, rising oil and gas prices have resulted in record-high oil and gas …

Equinor ASA has transferred its participating interests in four Russian joint ventures to Rosneft and is released from all future commitments and obligations, the company said in a release May 25. An agreement to exit the Kharyaga project has also been signed. Equinor began the exit process in late February …

Nearly 62 million barrels of Russia’s flagship Urals crude oil, a record amount, are currently in tankers at sea, according to data from energy analytics firm Vortexa, as cited by Reuters. However, traders are reportedly struggling to find buyers for some of the cargo as EU countries fail to agree …