Contents tagged with Gazprom
-
Putin reverses his earlier decree, allows Russian gas producers to accept payments in foreign currency
Russian gas suppliers will be able to accept payments in foreign currency from "unfriendly" countries, according to the decree signed by the Russian president Vladimir Putin. Payments for gas are proposed to be credited to a special foreign currency account of the Russian supplier specified in the contract.
The decree amends the March decree, according to which all payments for gas must be accepted exclusively in rubles. In March 2022, after Russian Central Bank's assets in dollars and euros …
-
Media: Germany and Canada are prepared to circumvent sanctions to restore Russia’s gas supplies to Europe
Germany has convinced Canada to bypass sanctions to help Berlin fix the gas issue involving Russian gas giant Gazprom. Ottawa intends to return Siemens gas turbines to Gazprom, so that Russia has no excuses in restoring gas supplies through Nord Stream. Ukrainian authorities are outraged by the decision of Canada and Germany and intend to fight for it to be cancelled, reported Evropeyska Pravda, citing its sources.
The Ukrainian side insists that if Canada returns the turbine to Russia, then …
-
Austria threatens to take away Gazprom's underground gas storage facility
Austrian Chancellor Karl Nehammer said Russia's Gazprom, which owns one of the largest gas storage facilities in Central Europe located in the town of Haidach near Salzburg, must fill it with gas or the facility will be transferred to other companies.
According to Nehammer , Austria has developed a step-by-step plan to eliminate dependence on Russian natural gas and measures are being taken to find alternative fuel suppliers. In addition, the national strategic gas reserve has been created in …
-
Russia stopping gas supplies to Poland and Bulgaria
Russia is stopping gas supplies to Poland through the Yamal-Europe gas pipeline, reported the polish news website Onet, citing sources in the government and the Polish oil and gas company PGNiG.
Moscow did not provide the reasons for stopping the gas supplies, the newspaper writes. The Polish government has convened an emergency group.
On April 26, the Polish Ministry of Internal Affairs imposed sanctions against the Russian gas giant Gazprom, which owns 48% of the shares of the Polish …
-
Germany halts certification of Nord Stream 2 gas pipeline
The long-suffering Nord Stream 2 project, which cost 10 billion euros, of which 5 billion was invested by Russian gas giant Gazprom, is one step closer to becoming the most expensive pile of scrap metal in the world.
Germany is stopping the certification process of the gas pipeline, which was supposed to deliver 55 billion cubic meters of Russian gas to Europe annually, German Chancellor Olaf Scholz said on Tuesday.
"I asked the Ministry of Economy to recall from the Federal Network Agency …
-
EU to increase purchases of Azerbaijani gas amid rising tensions with Russia
The European Union will hold talks with Azerbaijan to discuss the possibility of increasing gas supplies to Europe through the Trans-Adriatic Pipeline (TAP).
The Financial Times reports, citing sources, that next week the European Commissioner for Energy, Kadri Simson, will pay a visit to Baku, where she will meet with the Minister of Energy of Azerbaijan Parviz Shahbazov and the Minister of Ecology and Natural Resources Mukhtar Babaev.
"We expect the talks to focus on Azerbaijan's role in …
-
Germany blocks ex-diplomat from becoming top manager at Nord Stream 2
The process of "schröderization" of European officials, who find a comfortable management positions in the leadership of Russian state corporations, has been met with resistance from the German authorities.
The German Foreign Ministry blocked the former ambassador to Saudi Arabia, Dieter Walter Haller, from joining the Gas for Europe, the German legal entity established by Gazprom's 100 percent Swiss subsidiary Nord Stream 2 AG.
Haller received an offer to head the supervisory board of the …
-
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 …
-
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 …
-
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, …