The CEO of Russia’s energy giant Gazprom has warned that energy supplies will be halted if Europe imposes price caps on Russian natural gas exports. “Such a one-sided decision is of course a violation of existing contracts, which would lead to a termination of supplies,” Gazprom CEO Alexei Miller said on Russian TV on Sunday, Reuters reported. Miller’s comments…
Russia’s Gazprom Says It Will Terminate Natural Gas Supplies If Price Cap Is Imposed
October 17, 2022
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Russia’s Gazprom Says Black Sea Gas Pipeline Could Replace Volumes Lost to Nord Stream ‘Terrorism’
Russia’s state-run energy giant Gazprom said Thursday that gas volumes that could potentially run from Russia to Turkey via the Black Sea may be comparable to that which was previously transported through Baltic pipelines that are no longer working following sabotage to the Nord Stream pipelines Gazprom CEO Alexey Miller made the comments to Russia’s Channel One,…
Russia Rebukes Germany, Denmark, Sweden for Not Including It in Nord Stream Probe
October 13, 2022
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LONDON—Russia said on Thursday it had summoned diplomats from Germany, Denmark, and Sweden to complain that representatives from Moscow and Gazprom had not been invited to join an investigation into ruptures of the Nord Stream gas pipelines. “Russia will obviously not recognise the pseudo-results of such an investigation unless Russian experts are involved,” the foreign…
Gazprom: NATO Mine Destroyer Was Found at Nord Stream 1 in 2015
October 11, 2022
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MOSCOW—A spokesperson for Russian energy giant Gazprom said on Monday that a mine destroyer discovered at the Nord Stream 1 offshore gas pipeline in 2015 belonged to NATO. Nord Stream reported on that date in 2015 that a “munitions object” had been cleared by the Swedish armed forces, without giving more detail on the object….
Gazprom Confirms Flows to Italy via Austria Have Resumed
Russia’s Gazprom said on Wednesday that it is resuming transportation of Russian gas to Italy via Austria after the state-controlled energy company held up supplies over the weekend amid regulatory issues. In a statement, the company said that together with the Italian buyers, it had managed to find a solution to gas sales following regulatory changes in Austria…
Russia Suspends Gas Flow to Italy After ‘Regulatory Changes’ in Austria
Russia’s state-controlled Gazprom held up gas supplies to Italy last weekend, citing a transportation issue in Austria, according to Eni, Italy’s largest energy firm. The halt in gas supplies was the result of regulatory changes in Austria that took place at the end of September, Gazprom said in a statement on Telegram, adding that it is…
European Gas Prices Jump After Gazprom Threatens Ukraine Transit, Damage to Nord Stream Pipelines
Natural gas prices jumped in Europe on Tuesday following ruptures to the Nord Stream 1 and 2 gas pipelines under the Baltic Sea and Russia’s warning that it may impose sanctions on the Ukrainian company Naftogaz. Officials from both the West and Russia are investigating the ruptures to the crucial pipelines that occurred on Sept. 26, and have…
Gazprom Says Group’s First Half Core Earnings More Than Doubled to $53 Billion
MOSCOW—Russian gas giant Gazprom Group’s earnings before interest, taxes, depreciation, and amortization more than doubled in the first six months of the year to 3.05 trillion rubles ($52.54 billion), the company said on Tuesday. It also said its average exporting gas price rose more than 3.5 times in the same period of this year. Gazprom…
Skyrocketing Energy Prices Hit as EU Debates Gas Price Cap
September 13, 2022
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Soaring energy costs continue to hit Europe hard this week, as governments in the region are struggling to contend with the rising cost of energy, after Russian gas was drastically cut earlier this month. Russia cut natural gas and oil exports to Europe after the European Union, the United Kingdom, and the United States placed…
European Power Companies Demand Subsidies as Russian Gas Is Cut Off From Most of Europe
September 7, 2022
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European energy companies are requesting at least 1.5 trillion euros in government liquidity to cover their margin calls following Russia’s cut-off of gas supplies to Europe which caused costs to soar, according to Norway’s utility firm Equinor. Firms in Britain were not included in the Norwegian power company’s estimates. Several EU nations are already providing…
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