Crude oil supply by non-OPEC countries will grow by 3 mln barrels daily in 2022, the Organization of Petroleum Exporting Countries (OPEC) says in its February report. OPEC at the same time lowered the estimate in increase of supplies from 0.7 mln barrels a day to 0.6 mln barrels daily …
Read More »Supplies via Nord Stream Remain at Record 59.2 bcm in 2021
Gas supplies via the Nord Stream gas pipeline in 2021 remained at the record level of 2020 of 59.2 bln cubic meters, the operator of the project, Nord Stream AG, said in a statement on Monday. “In 2021, 59.2 billion cubic meters of natural gas were transported through the Nord …
Read More »Russia-China Gas Supply Deals Reach High Degree of Readiness
The Russian-Chinese talks on supplies of gas from Russia’s Far East to China have reached a “high degree of readiness,” Russian Ambassador to China Andrey Denisov said at a news conference on Tuesday. He said that the project to deliver Russian natural gas to China via Mongolia was not the …
Read More »Ukraine may have to Siphon off Russian Gas from Transit Pipelines
Under the pessimistic scenario Ukraine may face gas import problems during this heating season and will have to siphon off Russian gas from the transit pipeline, the former head of the Naftogaz company, Andrey Kobolev, has said. “Ukraine is unable to do without considerable amounts imported gas in the first …
Read More »Gazprom has not Booked Pumping via Yamal-Europe for Ten Days amid Lack of Orders
Reverse gas supplies via the Yamal-Europe gas pipeline from Germany to Poland have continued for ten days amid the lack of booking of capacities to pump gas directly to Germany by Gazprom due to the lack of purchase orders from European clients, according to the information provided by the gas …
Read More »Gazprom Slams Groundless EU Accusations of Insufficient Gas Supplies
The allegations of insufficient gas supplies against Russia and the Gazprom energy corporation are unacceptable and groundless, European states create obstacles for themselves, Spokesman for the Russian gas giant Sergey Kupriyanov told the Rossiya-1 TV channel. “All accusations against Russia and Gazprom relating to delivering insufficient amount of gas to …
Read More »Oil Production in Russia Profitable even at $20-25/bbl
Russian hydrocarbons remain among the most competitive globally and over 50% of total production is profitable even against the oil price of $20-25 per barrel, Deputy Prime Minister Alexander Novak said in his article in the Energy Policy magazine. “Hydrocarbons lifting cost in Russia is among the lowest globally. Over …
Read More »Physical Gas Flow through Yamal-Europe to Germany still at Halt
The physical flow of gas through the Yamal-Europe gas pipeline to Germany was stopped for the second day in a row due to Gazprom’s refusal to book pumping capacities for today, according to the data from gas transmission operator Gascade made avaialble on Wednesday. The transnational gas pipeline Yamal – …
Read More »Gas Prices in Europe Surpass $1,700 per 1,000 Cubic Meters as Trading Starts
Gas prices in Europe increased by more than 7% and surpassed $1,700 per 1,000 cubic meters, according to London’s ICE. The price of the January futures on the TTF hub in the Netherlands increased to $1,732 per 1,000 cubic meters, or 148.87 euro per MWh. By the closure of the …
Read More »US Senate to Vote on Nord Stream 2 Sanctions by January 14
US senators came to terms concerning consideration of the bill on sanctions against the Nord Stream 2 gas pipeline tabled by Senator Ted Cruz (Republican-Texas) and would vote on this initiative on January 14, 2022 at the latest. “The Senate reached an agreement that at a time to be determined …
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