The EU says that it sees no need to extend Russia’s five-year contract to supply gas to Europe via Ukraine, which is due to expire at the end of 2024. Energy Commissioner Kadri Simson said that alternative supplies have now been sourced by countries that were once served by the …
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Russia’s Novatek restarted earlier this week fuel processing at its complex on the Baltic Sea damaged last month in a suspected Ukrainian drone attack, industry sources told Reuters on Wednesday. Novatek’s export terminal and processing site at Russia’s Ust-Luga port on the Baltic Sea was damaged in January by what …
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Russia could use alternative routes to send natural gas via pipeline to Europe if the current Russia-Ukraine gas transit deal is not extended beyond its expiry date at the end of 2024, Kremlin spokesman Dmitry Peskov said on Friday. Peskov, however, warned that there would be logistics changes along the …
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Ukrainian forces conducted a drone attack on Russia’s largest Baltic port over the weekend. The operation, which used two long-range drones, resulted in a massive fire at Novatek’s gas terminal with all staff evacuated. Four tankers were moored at the port at the time of the attack. They quickly left …
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In 2023, Ukraine imported 4.3 billion cubic meters of natural gas from the European Union and Moldova, which is twice as much as in 2022. Gas Transmission System Operator of Ukraine LLC said this in a post on Facebook, Ukrinform reports. “According to the latest data, in 2023, more than …
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The spot price for gas in Europe has again risen above $400 per thousand cubic meters after falling below that level at the end of last week. It had soared towards $500 before falling back to $355 amid concerns regarding a labor dispute and possible industrial action at LNG plants …
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Wheat extended gains after Ukraine used sea drones to cripple a Russian oil tanker and a naval vessel, threatening a key export route for Russian commodities through the Black Sea. Top wheat shipper Russia moves most of its grain through the waterway and is in the midst of a second …
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Ukraine has warned Austria that it does not plan to extend the gas transit contract, DW economic expert Andriy Gurkov said. He notes that the Ukrainian route mainly serves Austria, with some small gas volumes that ship to Hungary and Italy. Therefore, the Austrian OMV company has already reserved transit …
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Pipeline gas supplies from Russia via Ukraine to Europe may come to an end next year when the transit contract between Moscow and Kyiv expires, the Ukrainian energy minister has told the FT. According to German Galushchenko, the chances of the two sides negotiating a new contract are slim to …
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Ukraine is looking to raise initial funding of up to $40 billion to rebuild one of its most important industries – iron and steelmaking – including by reducing dependence on coal and launching a green steel industry after the war. The Russian invasion has decimated iron and steel production in …
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