Europe struggles to rid itself of its dependence on Russian gas. The EU is gradually increasing the share of Russian gas in total gas imports. After the start of the full-scale Russian invasion of Ukraine, this share collapsed, but over the past year, it has grown ... #EnergyIndependence #EUenergy #GasTransit #Hungary #NorwayGas #RussianGas #RussianLNG #Slovakia
Hungary has become a trading center for Russian gas, but the country’s energy security does not justify increased purchases. Attila Holoda, former head of Hungarian oil and gas company MOL, noted: “Hungary has become a trading center for Russian gas. While Europe is moving away from Russian energy sources, Hungary is ... #AttilaHoloda #GasTransit #Gazprom #Hungary #MOL #RussianGas
Ukraine will stop the transit of Russian gas beginning January 1, 2025; if necessary, it will import through Slovakia and Poland. The halt of Russian gas transit through the territory of Ukraine from January 1 will become a reality, said Deputy Head of the Ministry of Energy Roman Andarak during the Ukrainian Energy Security Dia... #DmytroLippa #GasTransit #PolishGazSystem #RussianGas #Slovakia #UkraineGTS
Russia is preparing to stop gas transit through Ukraine, while its oil and gas revenues have increased by 26% over the year. In its internal plan for 2025, Russian Gazprom assumes that gas will no longer flow to Europe via transit through Ukraine. This is the base scenario that Russia is considering, writes Reuters. It is p... #GasTransit #Gazprom #RussianGas #RussiaProfits #UkraineGTS
The war in Ukraine will force Europe into a new energy crisis. The war in Ukraine has contributed to a rise in gas prices by about 45% this year. Bloomberg writes that although the price level is still below 2022’s record levels, it is high enough to strain... #EnergyCrisis #gasprices #gasstorage #GasTransit #RussianGas
The EU’s refusal to buy Russian gas will deprive the aggressor of $6.5B annually. The European Union’s willingness to abandon Russian gas and the cessation of its supply to the EU benefit Ukraine, as it deprives the aggressor country of annual budget revenues of $6.5B, noted ... #Austria #EnergyIndependence #GasTransit #RussianGas #Slovakia #TurkishStream #UkraineGTS
The EU is ready to end Russian gas transit through Ukraine and condemns Hungary for its agreements with Gazprom, said European Commissioner for Energy Kadri Simson after a meeting of energy ministers in Luxembourg. “We knew this contract would expire before the end of the year. The EC is working closely wi... #EnergyIndependence #GasTransit #Gazprom #Hungary #KadriSimson #RussianGas
The EU is considering two options for gas transit through Ukraine. Energy ministers from European countries are discussing the import of Russian natural gas against the backdrop of Ukraine’s suspension of transit beginning December 31. Kyiv and Moscow have stat... #Azerbaijan #GasTransit #Gazprom #RussianGas #SOCAR
Is Ukraine ready for winter without the transit of Russian gas? Ukraine is technically ready to get through the winter without the transit of gas through its territory, which is scheduled to stop entirely on December 31, said head of Naftogaz Oleksiy Chernyshov. N... #DTEK #Energoatom #energyukraine #GasTransit #HeatingSeasonUkraine #Naftogaz #RussianGas
Slovakia has increased its arms exports to Ukraine but has plans to convince Ukraine to maintain transit of Russian gas after 2024. Bratislava is actively selling weapons to Ukraine even though current Prime Minister Robert Fico came to power criticizing his political opponents for helping Ukraine. He called his political rivals t... #GasTransit #RobertFico #RussianGas #Slovakia #WarinUkraine #WeaponsExport
Experts have proposed a strategy to reduce Russian gas revenues. Since the start of the full-scale war, Russia has generated almost €800B from the sale of energy resources, of which €33B has been paid by EU countries for Russian LNG. The Center for Economic Strateg... #RussianGas #RussianLNG #RussiaProfits #SanctionsAgainstRussia #WTO
Moscow is preparing two scenarios that would allow continued gas transit to the EU; Ukraine states that on is impossible. According to analysts, Russia is considering two scenarios for its return to the European gas market. The first involves the launch of the Nord Stream’s surviving thread, with a capacity of 27.5... #AzerbaijaniGas #GasTransit #NordStream #RussianGas #UkraineGTS
Aliyev: Negotiations on the continuation of Russian gas transit through Ukraine continue. The President of Azerbaijan, Ilham Aliyev, expressed confidence in the effectiveness of negotiations with Russia and Ukraine to ensure the continuation of gas supplies through Ukraine to several Europ... #Azerbaijan #GasTransit #IlhamAliyev #RussianGas #UkraineGTS
Moscow is trying to create a joint project with Azerbaijan to prevent the loss of the EU market. The idea is that Azerbaijan, which needs more gas to supply to the EU, will receive gas from Russia to sell to the EU. “Of course, the Russians will not give their contracts to SOCAR, but acting... #GazpromSocar #RussianGas #RussianGasforEU
What risks does the transit of Azerbaijani gas through Ukraine from the Russian Federation entail? Mykhailo Gonchar, President of the Center for Global Studies Strategy XXI, warned that even after the contract for the transit of Russian gas through Ukraine expires in 2025, there is a risk of contin... #AzerbaijaniGas #GasTransit #RussianGas #UkraineGTS
Ukraine and Russia will continue to transport fuel despite the fighting in the Kursk region. The application for the transit of Russian gas through the territory of Ukraine on Tuesday increased by 7% compared to the nomination on August 12. The volume of the confirmed nomination through the S... #GasTraders #GasTransit #Kursk #RussianGas #Sudzha #UkraineGTS #WarinUkraine
Russian Gazprom can use the fighting near Sudzha as a reason to stop gas transit; what consequences will this have for the EU and Ukrainian markets? According to Reuters, there is a risk that Gazprom could use the fighting near the Sudzha gas station, through which Russian gas transits through Ukraine to EU countries, as a reason to stop gas suppl... #GasTransit #Gazprom #RussianGas #SerhiyMakogon #Sudzha #UkraineGTS
The Russian Academy of Sciences predicts the collapse of the aggressor state’s oil and gas economy. Russia will have to bid goodbye to its “energy superpower” status. Having lost access to Western technologies and key markets for the sale of raw materials, Russia will not be able to retu... #Gazprom #GDPrussia #HydroCarbonProduction #RussianEconomy #RussianGas #RussianOil
Russia seeks to maintain gas transit to the EU through Ukraine, but Kyiv is against it, although several EU states are interested. Russia wants to continue supplying gas to the EU through Ukraine’s gas transport system after the current transit contract expires at the end of the year, Russian Deputy Prime Minister Oleksandr... #GasSupplies #GasTransit #RussianGas #UkraineGTS #Zelenskyy
While Russia recovers from the loss of the EU gas market, Turkey is expanding its gas pipeline’s capacity to Europe. Russian Gazprom will not be able to restore its volume of gas exports lost due to the war in Ukraine for at least 10 years, writes FT. It is predicted that Gazprom’s gas exports to Europe will a... #GasImport #Gazprom #PowerOfSiberia2 #RussianGas #TransAnatolianGasPipeline #Turkey
Germany and the Czech Republic have led the energy revolution in the EU and want to eliminate the remaining 20% of imports from Russia. Germany and the Czech Republic are calling on the EU to do more to cut the last 20% of Russian energy imports. The countries are asking for the creation of a working group to determine ways to gradual... #CzechRepublic #EnergyIndependence #EnergySourcesRussia #EUenergy #Germany #LNG #RussianGas
IMF: The EU will completely abandon Russian energy sources by 2030. According to the IMF, the EU has stopped importing coal and most oil from Russia. Imports of Russian gas to the EU have also been decreasing since 2021, and after the beginning of the full-scale war, ... #EnergyIndependence #EnergySourcesRussia #EUenergy #imf #RussianFossilFuels #RussianGas
The EU will introduce sanctions against Russia’s LNG, hitting Moscow and its Asian partners. In the next package of sanctions against Russia, the EU seeks to ban the use of its ports for the re-export of liquefied natural gas. As Bloomberg points out, although blocking access will not prevent... #EUsanctions #LNG #RussianGas #RussianLNG #SanctionsAgainstRussia
The Russian gas monopolist has recorded a loss for the first time in a quarter of a century due to the loss of the European market. The export of petroleum products from the Russian Federation has fallen to a two-year low. Due to a sharp reduction in supplies to Europe in 2023, the Gazprom corporation lost ₽629B ($6.8B). According... #Gazprom #OilRefineryRussia #RussianGas #RussianOil #RussiaProfits #SanctionsAgainstRussia
During the years of the war against Ukraine, revenues from the Russian Federation’s gas exports have decreased fourfold. The failed attempt to freeze Europe, which deprived Russia of a key natural gas sales market, has collapsed gas revenues in the Russian budget, say analysts from the Russian Gaidar Institute. Accordin... #GasTransit #Naftogaz #RussiaBudget #RussianEconomy #RussianGas
Europe has ended its dependence on Russian gas but is now hooked on Russian fertilizers. After the invasion of Ukraine, the Russian Federation sharply reduced the supply of pipeline gas to the EU, in an attempt to put pressure on European governments. Instead, the EU began to build infras... #EnergyIndependence #EUenergy #LNG #RussianFertilizers #RussianGas #RussianTrade
Western countries are involved in 96% of Russian LNG exports. The maritime industries from countries supporting Ukraine, including members of the G7 and the EU, provided for more than 90% of Russian exports of liquefied natural gas in 2023, totaling €15.5B. 96% ... #EnergyIndependence #energysanctions #LNGimport #OilEmbargo #RussianGas #RussianLNG
Ukraine suffers $400 million in losses per year due to the transit of Russian gas. Naftogaz of Ukraine is suffering significant losses from the transit of Russian gas, the chairman of the company’s board, Oleksiy Chernyshov, said. Since May 2022, Ukraine has stopped gas transit thro... #GasTransit #Naftogaz #OleksiyChernyshov #RussianGas #UkraineGTS
The EU does not plan on negotiating with Russia regarding gas transit through Ukraine, while Kyiv is open to some options. The European Commission does not plan to engage in any contact with Russia to continue the transit of Russian gas to European countries through Ukraine’s GTS. European Energy Commissioner Kadri ... #DenysShmyhal #GasTransit #KadriSimson #REPowerEU #RussianGas #UkraineGTS
The EU will not extend the contract to transit Russian natural gas through Ukraine. As European Commissioner for Energy Kadri Simson stated: “We are not interested in extending the tripartite gas transit agreement, which expires at the end of this year.” According to her,... #EUenergy #EUEnergyindependence #GasTransit #KadriSimson #RussianGas
The G7 is going to tighten controls on the export of Russian hydrocarbons. The G7 countries are planning to strengthen their rules for limiting prices for importers of Russian oil starting February 20.Currently, carriers and insurance companies must provide a declaration con... #RussianGas #RussianLNG #RussianOilEmbargo #RussianOilPriceLimit
The EU plans to abandon the transit of Russian gas through Ukraine after the end of the current contract. EU executives argue that even the countries that are most dependent on Russian supplies, including Austria and Slovakia, can find alternative sources in the event of a supply cut. Covering the deficit... #GasforEU #GasTransit #GasTransitUkraine #RussianGas
Fico wants Russian gas to flow through Ukraine after 2024, but Ukraine dashed these hopes. Slovakia is discussing with Ukraine the continuation of Russian gas transit after the end of the current contract, which expires at the end of 2024, the country’s Prime Minister Robert Fico said... #Gazprom #RobertFico #RussianGas #RussianGasTransit #UkrainianGTS
The Russian Federation’s monopoly in gas export has rolled back 40 years. The export of Russian natural gas is decreasing, and the total volume of supplies to foreign markets in 2023 amounted to 69 billion cubic meters. “If Russia could adapt to Western sanctions with oil e... #DanyloHetmantsev #Gazprom #RussiaGasExport #RussianGas #SanctionsAgainstRussia
The US is introducing new anti-Russian sanctions and cutting off gas supplies from the new Russian project; Switzerland joins the 12th package. Joe Biden signed a decree providing for economic measures against foreign financial institutions involved in supplying sanctioned military goods to Russia. Banks, pension funds, operators of payment s... #ArcticLNG2 #JoeBiden #LNG #Novatek #RussianGas #SanctionsAgainstRussia
Resources from the Russian Federation account for only 6.5% of energy purchases by the EU. According to Eurostat, in the third quarter of 2022, Russia accounted for 14.5% of all energy imports to the EU, and in the third quarter of 2023, this figure decreased to 6.5%. In the third quarter, ... #EUenergyimport #EUEnergyindependence #RussianEnergyResources #RussianGas #RussianOil
Russian gas exporters’ profit decreased by three times, while Turkey saved $2B thanks to Russian oil. According to the results from January – November, Russian gas export turnover fell by three times, the Federal Customs Service of Russia reported. Gas supplies decreased in value by 69%, and in ... #RussianGas #RussianOil #RussiaProfits #SanctionsAgainstRussia
Russian exports to the EU decreased by $70B in the first half of the year. The largest drop was recorded in the hydrocarbons segment, particularly gas, crude oil, and petroleum products, which amounts to about $63B. The situation is worse with semi-finished products made of ... #Russiaexport #Russiandiamonds #RussianGas #RussianTrade #SanctionsAgainstRussia
The EU is seeking to sever energy ties with Russia permanently. The EU will eliminate Europe’s dependence on Russian fossil fuels during this decade, writes The Guardian. It is noted that the EU expects Russian gas imports to fall to 40-45 billion cubic mete... #EnergyIndependence #energysanctions #LNG #RussianFossilFuels #RussianGas
Russian oil still finds its way to Germany, while the country seeks to replace Russian gas with Ukrainian biomethane. Following the attack on Ukraine, EU oil operations with Russia were prohibited. However, according to Süddeutsche Zeitung, although Russian oil can no longer be imported into Germany, the country̵... #biomethaneproduction #gascrises #Rosneft #RosneftDeutschland #RussianGas #RussianOil
The EU has no alternatives to replace the 8% of its gas that is received from Russia. According to European Commissioner Kadri Simson, if consumption is reduced the EU will save another 65 billion cubic meters by March 2024, but it will not be possible to reduce gas consumption by anot... #EUenergySystem #HeatingSeason #KadriSimson #RussianGas
Ukraine can continue gas transit from Russia if European countries need it. According to the chairman, Oleksiy Chernyshov, Naftogaz is losing money with the current agreements, as Russia transports much less gas than it should do according to its contractual obligations. R... #GasTransit #Gazprom #Naftogaz #OleksiyChernyshov #RussianGas
EU gas reserves have reached an absolute record, and pipeline supplies from Russia continue at maximum capacity. Gas volumes in the EU have risen to their highest level ever and continue to grow, according to data from Gas Infrastructure Europe. The current inventory level has reached 92.65%, 12% higher than the... #EUgassupply #GasStorageEU #LNG #RussianGas
Kyiv is ready to continue the transit of Russian gas to the EU without contracts with the aggressor. As the Ambassador of Ukraine to Moldova, Marko Shevchenko, explained, transit after 2024 can be extended by agreement with importers. “Ukraine will not initiate negotiations on extending the agr... #GasforEU #GasTransitUkraine #RussianGas
The EU has increased the import of Russian gas, and Hungary is preparing to use the Turkish Stream for this. According to Energy Intelligence, Russian pipeline gas exports to Europe continued their recent upward trend in the first half of August. And average daily flows reached the highest level since August... #GasImport #PeterSijarto #RussianGas #TurkishStream
Ukraine rejects the possibility of negotiations with the Russian Federation regarding gas transit after 2024. Ukraine will not negotiate on the extension of the transit contract after its completion, said Energy Minister German Galushchenko. “The contract, which provides for the transit of gas from Russ... #gascrises #GasTransit #GermanGalushchenko #RussianGas #UkrainianGTS
Without the EU market, pipeline exports of Russian gas will drop by 62%. Russian business media reported that the export of gas to the European region will fall from 206 billion cubic meters in 2021 to 80 billion cubic meters in 2023. Due to sanctions against Russia and Ga... #GasImports #Gazprom #RussianGas #SanctionsAgainstRussia
The gas war with the EU has deprived Russia of $28B in revenue. The loss of the European gas market, which accounted for almost 80% of Gazprom’s exports, will cost the Russian federal budget $28B in tax revenue this year, according to Vygon Consulting. Gazpr... #Gazprom #RussiaBudget #RussiaGasExport #RussianGas
For the first time, Europe imported more liquefied natural gas than pipeline gas. According to Institute of Energy data, imports of liquefied natural gas to Europe in 2022 exceeded the volume of pipeline imports for the first time. This suggests that the continent is rapidly rebuil... #GasImport #LNG #LNGimport #RussianGas
Gas prices increased after the Wagner coup over the weekend in Russia. Natural gas futures in Europe were little changed at €32 per megawatt hour, after rising more than 10% earlier, as investors monitor supplies following the short rebellion in Russia over the weekend. ... #EUgasStorages #GasImport #gasprices #RussianGas
