Poland and Bulgaria have had their gas supplies cut off by Russia’s energy giant Gazprom after the two E.U. countries did not pay in roubles, the state-owned company announced on Wednesday. “As of the end of the working day on 26 April, Gazprom Export had not received rouble payments for gas deliveries in April from the companies ‘Bulgargaz’…
Russia’s Gazprom Cuts Gas Exports to Poland, Bulgaria After They ‘Failed to Pay in Roubles’
European Union to Cut Russian Oil and Gas Imports to Zero by 2027
April 26, 2022
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A senior European Union official said Tuesday that the bloc plans to cut Russian oil and gas imports to zero by the end of 2027, with his remarks coming as EU leaders continue to deliberate on moves to accelerate reducing the region’s dependence on Russian energy. EU Economic Commissioner Paolo Gentiloni told Italian daily Il…
Russian Deputy PM Says Several Buyers Agree to Pay in Rubles for Russian Gas
April 15, 2022
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Several buyers of Russian gas have agreed to switch to payments in rubles, Russian Deputy Prime Minister Alexander Novak said on Friday. “We expect the decision (to switch to roubles) from other importers,” he added, in comments published in the ministry’s in-house magazine. He did not disclose the identities of customers who had already switched….
Biden to Allow Higher-Ethanol Gas in Summer; Shanghai Locals Can’t Get Medical Care | NTD Business
There’s no sign of consumer prices coming down, with inflation hitting another record high in March. What was the biggest driver? President Joe Biden is allowing more ethanol in gasoline this summer, to fight high prices. What impact will it have at the pump? Some people in Shanghai are dying from the city’s strict lockdown…
Hungary Says Rubles-for-Russian Gas Plan Breaches No EU Sanctions
April 11, 2022
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BUDAPEST—Hungary plans to pay for Russian gas in euros through Gazprombank, which will convert the payment into rubles to meet a new requirement set by President Vladimir Putin, Foreign Minister Peter Szijjarto said on Monday. Putin has warned Europe it risks having gas supplies cut unless it pays in rubles as he seeks retaliation over…
Russian Gas Flows to Europe Dip in Line With Customer Requests
OSLO, Norway—Russian gas deliveries to Europe via the Yamal-Europe pipeline reversed direction to flow from Germany to Poland on Thursday morning and supplies via Ukraine also eased, all in line with requests from customers. Gas flows switched to an eastward direction into Poland at the Mallnow metering point on the German-Polish border on Thursday morning…
US Shale Gas, LNG Firms Meet With European Countries Over Supply Crisis
April 7, 2022
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At least a dozen U.S. shale gas executives met on Wednesday with European energy officials to discuss expanding U.S. fuel supplies to Europe amid a scramble to replace Russian imports. The group met in Houston with foreign affairs and economic ministers and commercial buyers looking to reduce their imports of Russian oil, coal, and liquefied…
Breaking Ranks With EU, Hungary Says Ready to Pay for Russian Gas in Roubles
April 6, 2022
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BUDAPEST/LONDON—Hungary said on Wednesday it was prepared to pay roubles for Russian gas, breaking ranks with the European Union which has sought a united front in opposing Moscow’s demand for payment in the currency. Hungary will pay for shipments in roubles if Russia asks it to, Prime Minister Viktor Orban told a news conference on…
US Auto Sales Slide in Q1; Toyota Outsells GM
U.S. automakers on Friday reported a slump in first-quarter domestic sales, as the entire industry was slammed by chip shortages and disruptions to supply chains. Toyota, which in 2021 upstaged GM as the top-selling automaker in the United States, outsold the company in the first quarter on increased demand for its Lexus hybrid and electric…
Russian Gas Keeps Flowing to Europe as Putin’s Roubles-for-Gas Deadline Arrives
April 1, 2022
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Russian gas continued to flow to Europe on April 1, the deadline set by Russian President Vladimir Putin for customers from “unfriendly” countries to start paying for deliveries in roubles or risk being cut off. Russian state-owned energy giant Gazprom said it was continuing to supply natural gas to Europe, Reuters reported. Putin on Thursday signed…
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