Latest news
.jpg)
Russia Tightens Its Grip On Europe's Natural Gas Markets
A much-used proverb says: a good neighbor is better than a distant friend. Nowhere is it more suitable than the EU’s position vis-a-vis its largest and most important neighbor: the Russian Federation. Current relations are the worst since the end of the Cold War. Despite the often rocky interaction, the European and Russian economies are highly complementary. This has led to a level of dependence that has become a problem for certain countries.
read more... 13/04/2021
Europe risks €87 billion in stranded fossil gas assets
Fossil gas consumption needs to decline 36% from 2020 to 2030, according to the European Commission, but the planned public and private investment would see an increase of 35% from the current import capacity.
read more... 12/04/2021
.jpg)
Ukraine's gas measure change may be postponed
The implementation of a law that would switch all Ukrainian gas reporting to energy units rather than volumetric space could be delayed well beyond 1 May, causing concern among market participants.
read more... 09/04/2021
.jpg)
Austria's OMV completes Nord Stream 2 loan
Austrian integrated oil and gas firm OMV is the latest financing partner on Russian state-controlled Gazprom's 55bn m³/yr Nord Stream 2 pipeline to confirm that disbursements to the project have ended.
read more... 09/04/2021
.jpg)
Russian gas exports to Europe surge 30% in 2021 as harsh winter forces foreign consumers to boost energy purchases
Russian state-run energy giant Gazprom increased shipments of natural gas to Europe by 30.7% in the first quarter of the current year, preliminary data shows.
read more... 05/04/2021