Contents tagged with Gazprom
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EU launches investigation after Russia’s Gazprom reduces gas supplies to Europe
The European Union is gathering information in connection with the behavior of the Russian gas conglomerate Gazprom, which in 2021 sharply reduced gas supplies to its key sales market.
“The behavior of the Russian gas monopoly, which accounts for more than a third of all gas consumed by the European Union, raises questions,” said European Commissioner for Competition Margrethe Vestager.
"It is indeed thought-provoking that a company, in view of increasing demand, limits supply. This is quite …
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Poland demands European Commission begin investigation into Russia's Gazprom over soaring gas prices
The European Commission (EC) has sufficient arguments to immediately launch begin proceedings against the Russian gas giant Gazprom, said on the air of Polskie Radio Polish Minister of Climate and Environment, Anna Moskwa.
"We strongly ask for an immediate antitrust investigation against Gazprom," she said.
"I will soon meet with the European Commissioner [for Energy] and will defend this position. In our opinion, there are legal arguments that already now allow us to launch this …
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European gas prices soar as Germany refuses to certify Nord Stream 2
The European gas market is facing a threat of a new price shock after Germany refused to certify the Nord Stream-2 pipeline and demanded that the operator re-start the 4-month process and relocate assets and personnel related to the German section of the pipeline to Germany.
Germany's Federal Network Agency (Bundesnetzagentur) announced it was suspending certification of the Nord Stream 2 gas pipeline.
The regulator of the German gas market said it believes that the operator of the pipeline, …
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EU: Russia uses gas as weapon of influence against Moldova
Russia has turned its gas supplies to Moldova into an instrument of influence on this country, said the EU High Representative for Foreign Affairs and Security Policy Josep Borrell. "On a global scale, the rise in prices is not a consequence of the transformation of gas supplies into weapons, but in the case of Moldova it is," Borrell said in Brussels, at a joint press conference with Moldovan Prime Minister Natalia Gavrilița.
Representatives of Moldova are negotiating with the Russian-owned …
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Ukraine submits application to take part in Nord Stream 2 certification
The Ukrainian national gas pipelines operator Transmission System Operator of Ukraine (Gas TSO of Ukraine) filed an application for participation in the certification of Nord stream – 2, said the company’s general director Sergiy Makogon, stressing that the Russian gas pipeline threatens Ukraine’s national security.
The company said in a press release that Nord Stream 2 is not aimed at diversifying gas transportation routes. Moreover, the new pipe threatens the security of the gas supply to …
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US Department of Treasury plans to punish Russia’s Gazprom for circumventing sanctions
The U.S. Department of the Treasury is set to work with the Congress to punish Russia's Gazprom for activities that violate U.S. sanctions, said Deputy Secretary of the Treasury Wally Adeyemo during a speech in the Senate Banking Committee.
One of the senators criticized the U.S. Department of the Treasury for not imposing sanctions on the operator of the Nord Stream 2 pipeline project, Nord Stream 2 AG.
"We are committed to working with you on this committee to hold Gazprom accountable for …
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Russian gas supplied to China is cheapest in the world
The Kremlin has been unable to fill its budget after redirecting its gas policy towards the east after the annexation of Crimea and the beginning of the sanctions war with the West.
While spot gas prices in Europe and Asia exceeded $ 1,000 per thousand cubic meters, and in the United States soared at a record speed in 10 years, China continues to buy gas from the Russian gas giant Gazprom at bargain prices.
In the third quarter of 2021, the average cost of gas, which flows through the $9 …
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Russia puts forth conditions for increasing gas supplies to EU
Russian authorities are pushing for new long-term contracts with Gazprom to boost gas supplies and cool the European market, where prices have soared above $1900 per thousand cubic meters and storage reserves are at historic lows.
Russia already supplies the maximum possible volumes as part of the existing contracts, said Russian presidential spokesman Dmitry Peskov.
Contractual obligations are fulfilled "impeccably" and "at the top level", he stressed, adding that the supply of additional …
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European Parliament: Nord Stream 2 must not be certified
Members of the European Parliament responsible for the development of the current EU gas legislation sent a letter to the German gas market regulator urging it not to certify the Nord Stream-2 gas pipeline.
According to Bloomberg, MEPs are confident that the project does not meet the key requirement of the third energy package, namely, prohibiting one company to be both the owner of the pipeline and the gas supplier.
Nord Stream 2 AG, the construction operator and owner of the pipeline laid …
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Gazprom resumes gas delivery to Hungary through Ukraine
According to the data of the Hungarian gas transmission system operator FGSZ, Russian gas giant Gazprom has resumed gas delivery to Hungary through Ukraine, which was completely stopped on October 3.
According to FGSZ, the intake of gas through the Berehove station is currently 2.074 million cubic meters per hour.
On October 1, the Ukrainian Gas Transmission System Operator (OGTSU) reported that the transit of Russian gas to Hungary through Ukrainian territory had been stopped.
At the same …