Russia’s Deputy Prime Minister Alexander Novak said on Dec. 25 that the Kremlin is prepared to reinstate gas supplies to Europe through the Yamal–Europe pipeline as much of the EU battles with freezing temperatures. “The European market remains relevant because a gas deficit remains, and we have all capabilities to restore supplies. For example, the Yamal–Europe pipeline,…
Russia ‘Has All Capabilities’ to Restore Gas Supplies to Europe Through Yamal–Europe Pipeline: Deputy Prime Minister
December 26, 2022
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UK at ‘Significant Risk’ of Gas Shortages This Winter, Regulator Warns
The UK is facing a “significant risk” of gas shortages this winter as a result of the war in Ukraine, the country’s energy regulator Ofgem has warned. Great Britain may face a “gas supply emergency” in the coming months, the regulator said. Britain produces a lot of its own gas, but the majority is still…
War Drums Beat (Over Europe)
September 23, 2022
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Commentary Mika Lintilä, minister of economic affairs of Finland, stated in the Finnish Parliament on Sept. 8 that Finland is at war with Russia. This was an inexplicable statement from a Finnish minister. We have not been in war with Russia since the truce ending the Continuation War (a peace treaty was signed on Sept….
World’s Largest Chemical Company to Produce Less Ammonia, a Key Fertilizer Ingredient
July 31, 2022
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The world’s largest chemical company, Germany’s BASF, is set to further cut its production of ammonia—a key ingredient of fertilizer—amid soaring gas prices. “We are reducing production at facilities that require large volumes of natural gas, such as ammonia plants,” BASF Chief Executive Martin Brudermueller said in a media call on July 27 after the release of the company’s…
Russia Shuts Off Gas Exports to Finland
May 21, 2022
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Russia has cut off gas exports to neighboring Finland on Saturday after the Nordic country refused to pay Russian gas supplies in roubles. The move also comes at the same time as Finland is applying to join the North Atlantic Treaty Organization (NATO). On Friday, the Russian state-owned energy company Gazprom gave notice to its Finnish equivalent…
EU Calls Russia Suspending Gas Supplies to Poland and Bulgaria ‘Blackmail’
April 28, 2022
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European leaders have condemned Russia’s move to cut off gas supplies to Poland and Bulgaria as “blackmail” after the two NATO members had supplies shut off for refusing to pay in rubles. Moscow’s state-owned energy corporation Gazprom confirmed in an April 27 statement it had fully halted gas exports to Polish gas company PGNiG and…
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