Additional investments in development of the Northern Sea Route in 2022 are planned at 4 billion rubles ($55 million). The money will be used for construction of the Utrenniy LNG terminal at the Arctic port Sabetta, reads a memorandum on Russia’s draft budget for 2022-2024. TASS has a copy of …
Read More »Russia Meets all Contractual Commitments to Gas Consumers in EU
Russia fulfills all of its obligations towards gas consumers in the European Union and it is impossible to increase gas transit before gas is sold under a contract, Kremlin spokesman Dmitry Peskov said on Wednesday. Peskov commented on the statement Amos Hochstein, US State Department’s Senior Advisor for Energy Security …
Read More »European Parliament Calls for Investigation against Gazprom Due to Gas Prices
A group of around 40 deputies of the European Parliament has submitted a letter to the European Commission (EC) urging it to investigate from the viewpoint of the EU’s antimonopoly norms Gazprom’s actions that allegedly pushed gas prices up to a record level in Europe, a source in the European …
Read More »China Shows Stunning Potential for Gas Demand Growth
Gas consumption in China is growing faster than in any other country of the Asia-Pacific region, Gazprom CEO Alexey Miller said on Friday. He was speaking at the 24th annual general meeting of the International Business Congress, which took place on September 14-17 in a mixed format. “The Chinese market …
Read More »IEA Estimates Oil Shortages from Hurricane Ida at 30 mln Barrels
The loss of oil supplies due to the aftermath of Hurricane Ida, which hit the US oil-producing regions in the Gulf of Mexico at the end of August, is estimated at 30 mln barrels, according to the September report of the International Energy Agency (IEA). “Hurricane Ida is still causing …
Read More »Gas Prices in Europe Approach $730 per 1,000 Cubic Meters
The price of gas in Europe approached $730 per 1,000 cubic meters on Monday, according to the ICE exchange. Thus, the price of the October futures on the TTF hub in the Netherlands on Monday reached $727 per 1,000 cubic meters, or 59.585 euro per MWh. At the end of …
Read More »Discussion of Iran’s Nuclear Deal shouldn’t Influence Talks on JCPOA
The discussion of Iran’s nuclear program at the upcoming session of the Board of Governors of the International Atomic Energy Agency (IAEA) should not have a negative impact on the prospects of the Vienna talks on the Joint Comprehensive Plan of Action (JCPOA). This opinion was expressed by Russian Permanent …
Read More »Gas Price in Europe Surpasses $660 per 1,000 Cubic Meters
Particularly, the price of gas futures for October delivery at the TTF hub in the Netherlands reached almost $662 per 1,000 cubic meters MOSCOW, September 8. /TASS/. The gas price in Europe surpassed the $660 per 1,000 cubic meters mark during Wednesday trading, according to data provided by London’s ICE. …
Read More »Gas Price in Europe Rises Above $625 Per 1,000 Cubic Meters
The gas price in Europe went up to over $625 per 1,000 cubic meters during Wednesday trading, according to data provided by London’s ICE. Particularly, the price of gas futures for October delivery at the TTF hub in the Netherlands reached $625.9 per 1,000 cubic meters, or 51.8 euro per …
Read More »Nord Stream 2 at Final Implementation Stage
The Nord Stream 2 gas pipeline project is at the final implementation stage, the Russian gas holding Gazprom said on Friday. The project status was reviewed by the CEO of Gazprom Alexei Miller and the CEO of Austria’s OMV Rainer Seele. “More than 50-year history of reliable export of Russian …
Read More »