Gazprom has announced that it has completely suspended gas supplies to Denmark’s Orsted Salg & Service A/S “due to failure to pay in Rubles”. The announcement was made on the company’s Twitter page and included […]
In a statement posted on its Twitter page on Tuesday, Gazprom announced that it has completely suspended gas supplies to Netherlands’ GasTerra B.V. “due to failure to pay in rubles”. The Twitter statement comes with […]
Russia’s profits on its oil and gas sales have spiked since it invaded Ukraine, with the country raking in $66 billion despite Western sanctions crippling much of its economy. Russian exports to the European Union, worth approximately 44 […]
Bloomberg: four EU customers have already bought Russian gas with rubles. Ten companies in Europe have already opened accounts at Gazprombank. Gazprom confirmed on Wednesday that it had cut off gas supply to Poland and […]
Gazprom has reduced its natural gas exports to countries outside the former Soviet Union by 28.5 percent so far this year, Russia’s state gas giant said on Tuesday. Gazprom’s natural gas exports to Europe and […]
What was an enticing new market 30 years ago is now spurned. The invasion of Ukraine is causing a mass exodus of companies from Russia, reversing three decades of investment by Western and other foreign […]
On Monday, in a statement, CEO Ben van Beurden detailed the emotional decision. “Our decision to exit is one we take with conviction,” said van Beurden. “We cannot – and we will not – stand […]
Natural gas represents about one-fifth of all primary energy used across Europe. It accounts for about 20% of electric power generation and also is used for heating and industrial processes. Russia is the largest supplier of natural […]
European gas prices hit a new record high on Tuesday after a pipeline that brings Russian gas to Germany switched to flow east, a move the Kremlin said had no political implications, while two big […]
Russia kept Europe’s energy markets on edge after Gazprom PJSC declined to book more pipeline capacity later this winter when freezing temperatures will buffer the region. While President Vladimir Putin has said his country is […]
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