Russian gas customers in Europe may accept Putin’s payment terms
2 years, 8 months ago

Russian gas customers in Europe may accept Putin’s payment terms

CNN  

London CNN Business — Some of Russia’s biggest natural gas customers in Europe’s are preparing to accept the Kremlin’s new payment termsrather than risk being cut off by Moscow, a fate suffered by Poland and Bulgaria this week. Germany’s Uniper said on Thursday it would continue to pay for Russian gas in euros but added that it believes a “payment conversion compliant with sanctions law” is possible. Austrian energy firm OMVsaid on Thursday that it had considered the new payment request from Russian gas giant Gazprom and was “now working on a sanctions-compliant solution.” Putin on Wednesday made good on his threat to cut off countries that refuse the new payment terms. The European Commission issued guidance to EU member states last week saying that is “appears possible” that buyers could comply with the new Russian rules without getting into conflict with EU law.

Europe Germany Gas Pay Payment Putin Russian Uniper Russian Gas Cnn Business Terms Gazprom  euros  gas  rubles  eu  putins  europe  terms  gazprom  pay  payments  payment  accept  russian  customers  told

History of this topic

Ukraine halts Russian gas supplies to Europe after transit deal expires
Top News
1 week ago

Ukraine halts Russian gas supplies to Europe after transit deal expires

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Ukraine has halted Russian gas …

Russian gas flows to Europe via Ukraine drop to zero on Jan 1
Trending News
1 week, 1 day ago

Russian gas flows to Europe via Ukraine drop to zero on Jan 1

Deccan Chronicle  

Russian gas is not scheduled to flow via Ukraine to Europe on January 1, data from Ukraine's gas pipeline operator showed Tuesday, as a key transit deal between Moscow and Kyiv nears its end.Ukraine has been allowing Russia to pipe gas to Europe via its territory under a five-year deal signed in 2019, but Ukrainian President Volodymyr Zelensky has ruled …

Russia’s Gazprom says it will halt gas supplies to Moldova starting January 1
1 week, 4 days ago

Russia’s Gazprom says it will halt gas supplies to Moldova starting January 1

Live Mint  

Moscow, Russia's state-owned energy giant Gazprom said on Saturday it will halt gas supplies to Moldova starting on January 1, citing alleged unpaid debt by the European Union candidate country, which has brought in emergency measures as it braces for power cuts. Gazprom has said Moldova owes close to USD 709 million for past gas supplies, a figure fiercely disputed …

Russia’s Gazprom says it will halt gas supplies to Moldova starting Jan. 1
1 week, 4 days ago

Russia’s Gazprom says it will halt gas supplies to Moldova starting Jan. 1

Associated Press  

Russia’s state-owned energy giant Gazprom said Saturday it will halt gas supplies to Moldova starting on Jan. 1, citing alleged unpaid debt by the European Union candidate country, which has brought in emergency measures as it braces for power cuts. Gazprom has said Moldova owes close to $709 million for past gas supplies, a figure fiercely disputed by the government …

Russia's Gazprom says it will halt gas supplies to Moldova starting Jan. 1
1 week, 4 days ago

Russia's Gazprom says it will halt gas supplies to Moldova starting Jan. 1

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Russia’s state-owned energy giant Gazprom …

European Gas Swings With Clock Ticking for Transit Deal Expiry
2 weeks, 2 days ago

European Gas Swings With Clock Ticking for Transit Deal Expiry

Live Mint  

-- European natural gas prices fluctuated near €44 a megawatt-hour with little over a week left until the expiry of a key pipeline transit deal between Russia and Ukraine. Putin Meets Slovakia’s Fico in Moscow Before Gas Deal Expiry Ukrainian President Volodymyr Zelenskiy last week indicated Ukraine won’t transit Russian-origin gas unless he has assurances the Kremlin won’t benefit financially …

Russia signs $13bn-a-year oil deal with India in blow to Western sanctions
3 weeks, 6 days ago

Russia signs $13bn-a-year oil deal with India in blow to Western sanctions

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Russian state-owned oil firm Rosneft …

Russia loosens rules for fossil fuel payments by foreign countries to bypass US sanctions
1 month ago

Russia loosens rules for fossil fuel payments by foreign countries to bypass US sanctions

Firstpost  

The loosening of payment rules comes as Russia grapples with economic challenges stemming from the sanctions Russian President Vladimir Putin has eased the process of making payments for fossil fuels for foreign countries. The move to ease payments, announced Thursday in an order by President Vladimir Putin, seeks to mitigate the financial impact of new US sanctions designed to curb …

The 'Most Vulnerable Country' To Russian ‘Blackmail’ Braces For Trump’s Return
1 month, 1 week ago

The 'Most Vulnerable Country' To Russian ‘Blackmail’ Braces For Trump’s Return

Huff Post  

LOADING ERROR LOADING Europe is bracing for another energy crisis this winter, teeing up a high-stakes early test of how a newly inaugurated Trump administration will attempt to balance efforts to reset relations with Russia against the needs of U.S. allies seeking fuel to stay warm during what’s forecast to be an unusually cold season. Few places will feel the …

The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war
1 month, 2 weeks ago

The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war

Associated Press  

WASHINGTON — Russia’s third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions on Thursday — in a move intended to curtail Russia’s ability to evade the thousands of sanctions imposed on the nation since the start of Russia’s invasion of Ukraine in February 2022. Treasury Secretary Janet Yellen said the sanctions targeting Russia’s largest remaining …

Russia’s Gazprom stops the flow of natural gas to Austria, OMV utility says
1 month, 3 weeks ago

Russia’s Gazprom stops the flow of natural gas to Austria, OMV utility says

Associated Press  

VIENNA — Russia’s state-owned natural gas company Gazprom stopped supplies to Austria early Saturday, according to the Vienna-based utility OMV, after OMV said it would stop payments for the gas following an arbitration award. OMV said it would stop paying for Gazprom gas to its Austrian arm to offset a 230 million-euro arbitration award it won from the International Chamber …

Russia's Gazprom stops flow of natural gas to Austria, OMV utility says
1 month, 3 weeks ago

Russia's Gazprom stops flow of natural gas to Austria, OMV utility says

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Russia’s state-owned natural gas company …

Austria says Russia's Gazprom will cut off natural gas supply this weekend
1 month, 3 weeks ago

Austria says Russia's Gazprom will cut off natural gas supply this weekend

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Russia’s state-owned natural gas company …

Scholz rejects delivery of long-range weapons to Ukraine
3 months, 3 weeks ago

Scholz rejects delivery of long-range weapons to Ukraine

China Daily  

This file photo taken on Sept 28, 2023 shows German Chancellor Olaf Scholz speaks during a press conference at the chancellery in Berlin, Germany. Germany's Chancellor Olaf Scholz has dismissed the possibility of delivering long-range precision weapons to Ukraine, even if NATO allies decide differently. The 500-kilometer range of Taurus cruise missiles would extend Ukraine's potential attack radius to include …

Russian pipeline gas exports to Europe down 2% in August, calculations show
4 months ago

Russian pipeline gas exports to Europe down 2% in August, calculations show

The Hindu  

Russian energy giant Gazprom's average daily natural gas supplies to Europe declined in August by 2% from July and 2.3% year on year, Reuters calculations showed on Monday. The calculations, based on data from the European gas transmission group Entsog and Gazprom's daily reports on gas transit via Ukraine, showed that average daily pipeline exports decreased to 89.6 million cubic …

Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison
1 year, 4 months ago

Russia earns less from oil and spends more on war. So far, sanctions are working like a slow poison

Associated Press  

The Russian ruble’s wobble in value has exposed a crack in President Vladimir Putin’s fortress economy, a vulnerability quickly plastered over by the Kremlin’s economic team in a move that allowed the currency to regain its footing, at least for now. Longer term, however, Russia’s economy is facing a “slow burn” under pressure from sanctions and Putin’s war spending, said …

German energy boss warns: Don’t let guard down on gas supply
1 year, 10 months ago

German energy boss warns: Don’t let guard down on gas supply

Associated Press  

BONN, Germany — The temperature outside Klaus Mueller’s office almost resembles spring, exactly the kind of mild weather that helped Germany get through the winter without Russian natural gas. Mueller would only concede that he’s “optimistic” this winter will end without a further gas crunch, especially after Germany cut gas use by 14% in 2022 through lowering thermostats, switching to …

Moscow’s decades-old gas ties with Europe lie in ruins
1 year, 10 months ago

Moscow’s decades-old gas ties with Europe lie in ruins

Live Mint  

Meticulously crafted over decades as a major revenue stream for the Kremlin, Moscow's gas trade with Europe is unlikely to recover from the ravages of military conflict. After President Vladimir Putin's "special military operation" in Ukraine began almost a year ago, a combination of Western sanctions and Russia's decision to cut supplies to Europe drastically reduced the country's energy exports. …

German regulator: winter gas shortage increasingly unlikely
2 years ago

German regulator: winter gas shortage increasingly unlikely

Associated Press  

BERLIN — Germany’s network regulator said Thursday that a gas shortage is “increasingly unlikely” this winter, but cautioned that it remains important to use the fuel sparingly. The Federal Network Agency said in its daily report that it views the situation as “less tight than at the beginning of the winter.” It had described the situation as “tight” since Russia …

Putin says Russia will fight sanctions with shift in trade and energy flows
2 years ago

Putin says Russia will fight sanctions with shift in trade and energy flows

The Hindu  

President Vladimir Putin said on Thursday that Russia would expand trade cooperation with new partners, including by switching gas flows to eastern neighbours, in order to combat Western sanctions. Mr. Putin said in a televised speech that Russia would develop its economic relations with partners in Asia, Africa and Latin America to thwart Western efforts to isolate it economically. Mr. …

Russia backtracks on threat to cut gas supply to Moldova via Ukraine
2 years, 1 month ago

Russia backtracks on threat to cut gas supply to Moldova via Ukraine

CNN  

Russian state gas producer Gazprom withdrew a threat to reduce gas supplies to Moldova from Monday but said it reserved the right to lower or halt flows in future if Moldova failed to make agreed payments. Last week, Gazprom accused Ukraine of withholding gas supplies which pass through the country on the way to Moldova — something Kyiv denied — …

Russia’s Gazprom threatens Europe gas cuts through Ukraine
2 years, 1 month ago

Russia’s Gazprom threatens Europe gas cuts through Ukraine

Associated Press  

Russian energy giant Gazprom has threatened to reduce natural gas supplies through the last pipeline heading to Europe via Ukraine, saying the amount it’s supplying for Moldova is not ending up in the former Soviet republic. The energy crisis has hit Moldova especially hard, with Russia halving its natural gas supply and Moscow’s attacks on Ukraine’s energy infrastructure triggering massive …

European Central Bank: Recession ‘has become more likely’
2 years, 1 month ago

European Central Bank: Recession ‘has become more likely’

Associated Press  

FRANKFURT, Germany — The European Central Bank sees an increased likelihood of a recession in the 19 countries that use the euro currency, warning that soaring energy prices and high inflation fed by Russia’s war in Ukraine have raised risks for bank losses and turmoil on financial markets. As the bank released its twice-yearly assessment of eurozone financial stability on …

German government could raise stake in gas supplier Uniper
2 years, 3 months ago

German government could raise stake in gas supplier Uniper

Associated Press  

BERLIN — German energy supplier Uniper said Wednesday that it is exploring the possibility of the government acquiring a majority holding in the company as its losses mount, a jump from the roughly 30% stake that the state already has pledged to take. The government put together the rescue package in July after Russia’s cuts to natural gas supplies forced …

German gas importer VNG seeks help from government
2 years, 3 months ago

German gas importer VNG seeks help from government

Associated Press  

BERLIN — German gas importer VNG is seeking help from the government after cuts to Russian gas supplies forced it to buy gas at far higher prices on the market to fulfill its supply contracts. Energy company EnBW, which has a majority stake in VNG, said Friday that its subsidiary was submitting an application for “stabilization measures” to the Economy …

Ukraine's Zelensky's “good news” on settlements recaptured from Russia
2 years, 4 months ago

Ukraine's Zelensky's “good news” on settlements recaptured from Russia

Hindustan Times  

Ukrainian leader Volodymyr Zelensky spoke of "good news" on the battlefields of eastern Ukraine, saying his army had retaken some towns and villages from Russia in what open source analysts said looked like a deep and sudden thrust behind Russian lines. In his daily late night address on Wednesday, President Zelensky said he had received news that his forces had …

EU wants price cap on Russian gas, energy companies to pay
2 years, 4 months ago

EU wants price cap on Russian gas, energy companies to pay

Associated Press  

BRUSSELS — European Union countries should set a price cap on Russian natural gas and seek a “solidarity contribution” from European oil and gas companies making extraordinary profits as the war in Ukraine drives up energy costs, European Commission President Ursula von der Leyen said Wednesday. “We are facing an extraordinary situation, because Russia is an unreliable supplier but also …

Russia sends more energy to Asia as Europe cuts back
2 years, 4 months ago

Russia sends more energy to Asia as Europe cuts back

Associated Press  

BERLIN — Russia sent significantly more oil and coal to India and China over the summer compared with the start of the year, while European countries that long relied on Russian energy have cut back sharply in response to the war in Ukraine, said a report published Tuesday. The Centre for Research on Energy and Clean Air said Russia received …

China agrees to pay for Russian gas in roubles and yuan: Gazprom
2 years, 4 months ago

China agrees to pay for Russian gas in roubles and yuan: Gazprom

Al Jazeera  

Russia is pushing to reduce reliance on the US dollar and boost economic ties with China amid Western sanctions. Russia’s energy giant Gazprom says it has signed an agreement with China to start payments for gas supplies to China in yuan and roubles instead of US dollars, in a sign of warming relations between Beijing and Moscow, which is under …

Russia demands sanctions are lifted before it resumes gas supplies
2 years, 4 months ago

Russia demands sanctions are lifted before it resumes gas supplies

The Telegraph  

We start the week with another surge in gas prices after Putin cut off supplies through the crucial Nord Stream pipeline. 5 things to start your day 1) Cut red tape on fracking to secure energy security, Liz Truss urged - She is expected to lift the ban on drilling 'within days' of becoming prime minister 2) Truss confirms belief …

Russia halts Nord Stream 1 gas flow to Europe again
2 years, 4 months ago

Russia halts Nord Stream 1 gas flow to Europe again

Al Jazeera  

Russia has denied halting gas flows in retaliation for Western sanctions on Moscow over the invasion of Ukraine. Russia’s state-owned energy giant Gazprom has again suspended gas deliveries on the arterial Nord Stream 1 pipeline to Germany, citing maintenance requirements. Gazprom said on Wednesday that supplies via Nord Stream 1 were “completely stopped” for “preventive work” at a compressor unit. …

Bulgaria energy minister calls Gazprom talks ‘inevitable’
2 years, 4 months ago

Bulgaria energy minister calls Gazprom talks ‘inevitable’

Associated Press  

SOFIA, Bulgaria — Bulgaria’s interim government signaled its readiness to negotiate with Russian energy company Gazprom on the resumption of natural gas deliveries, the caretaker energy minister said Monday. Rosen Hristov didn’t set a date for talks with the firm, but said that the gas demands of the industry and heating companies were forcing the government to begin talks with …

Russia’s Gazprom to shut gas pipeline to Europe for 3 days
2 years, 4 months ago

Russia’s Gazprom to shut gas pipeline to Europe for 3 days

Associated Press  

MOSCOW — A key Russian natural gas pipeline will shut down for three days of maintenance at the end of this month, the state-owned energy company Gazprom announced Friday, raising economic pressure on Germany and other European countries that depend on the fuel to power industry, generate electricity and heat homes. In a statement posted online, Gazprom said the planned …

Russia's Gazprom to shut gas pipeline to Europe for 3 days
2 years, 4 months ago

Russia's Gazprom to shut gas pipeline to Europe for 3 days

The Independent  

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Germans face higher bills as tax aids natural gas importers
2 years, 4 months ago

Germans face higher bills as tax aids natural gas importers

The Independent  

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What happens if Vladimir Putin blocks supplies of Russian gas to Europe this winter?
2 years, 4 months ago

What happens if Vladimir Putin blocks supplies of Russian gas to Europe this winter?

The Independent  

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Russia's Gazprom says that it has suspended gas supplies to Latvia
2 years, 5 months ago

Russia's Gazprom says that it has suspended gas supplies to Latvia

Firstpost  

The declaration came a day after Moscow and Kyiv accused each other of bombing a jail holding Ukrainian prisoners of war in Russian-held territory Moscow: Russian energy giant Gazprom Saturday suspended gas supplies to Latvia following tensions between Moscow and the West over the conflict in Ukraine and sweeping European and US sanctions against Russia. Russia’s defence ministry on Friday …

Russia’s Gazprom cuts off gas supplies to Latvia
2 years, 5 months ago

Russia’s Gazprom cuts off gas supplies to Latvia

Al Jazeera  

Senior Latvian official says move has little effect as Baltic country already decided to ban Russian gas imports from January. Russian gas producer Gazprom has said it has stopped sending gas to Latvia after accusing it of violating supply conditions, a move the Baltic country said would have little impact on its gas supplies. Edijs Saicans, deputy state secretary on …

Russia cuts gas flow to Europe through Nord Stream 1 to 20% of capacity
2 years, 5 months ago

Russia cuts gas flow to Europe through Nord Stream 1 to 20% of capacity

The Hindu  

Russia’s Gazprom on July 27 halved the amount of natural gas flowing through a major pipeline from Russia to Europe to 20% of capacity. It’s the latest Nord Stream 1 reduction that Russia has blamed on technical problems but Germany calls a political move to sow uncertainty and push up prices amid the war in Ukraine. Natural gas prices have …

Russia cuts gas through Nord Stream 1 to 20% of capacity
2 years, 5 months ago

Russia cuts gas through Nord Stream 1 to 20% of capacity

Associated Press  

BERLIN — Russia’s Gazprom on Wednesday halved the amount of natural gas flowing through a major pipeline from Russia to Europe to 20% of capacity. It’s the latest Nord Stream 1 reduction that Russia has blamed on technical problems but Germany calls a political move to sow uncertainty and push up prices amid the war in Ukraine. Soaring energy prices …

Russia’s Gazprom cuts gas supply through key pipeline to Europe
2 years, 5 months ago

Russia’s Gazprom cuts gas supply through key pipeline to Europe

Al Jazeera  

German officials accuse Russia of using gas as a ‘war strategy’ while Moscow blames sanctions for the limited supply. Russian energy giant Gazprom has drastically cut gas deliveries to Europe via the Nord Stream pipeline to about 20 percent of its capacity, German authorities said. In parallel, Italian energy major Eni said Gazprom had informed the group it would only …

EU ministers agree on gas cuts plan as Gazprom tightens squeeze
2 years, 5 months ago

EU ministers agree on gas cuts plan as Gazprom tightens squeeze

Al Jazeera  

Member states are looking to mitigate the effect of a Russian squeeze on gas flows before the winter season. “Member states today reached a political agreement on a voluntary reduction of natural gas demand by 15% this winter,” the European Council said in a statement. “The Council regulation also foresees the possibility to trigger a ‘Union alert’ on security of …

Gazprom to cut gas supply to Europe by 80pc
2 years, 5 months ago

Gazprom to cut gas supply to Europe by 80pc

The Telegraph  

Gazprom on Monday said it would slash gas deliveries to Europe by 80 per cent in order to carry out maintenance on its Nord Stream 1 pipeline. It came as Sergei Lavrov, the Russian foreign minister, said that Moscow wants to topple Volodymyr Zelensky, the Ukrainian president, despite having entered peace talks with his envoys a few months earlier. Amid …

Russia’s Gazprom to tighten squeeze on gas flow to Europe
2 years, 5 months ago

Russia’s Gazprom to tighten squeeze on gas flow to Europe

Al Jazeera  

The energy giant says flow through the Nord Stream 1 pipeline to Germany will drop to just 20 percent of capacity as of Wednesday. Russian energy giant Gazprom has said it plans to reduce gas supplies through the Nord Stream 1 pipeline to Germany to just 20 percent capacity later this week, as Moscow tightens its squeeze on Europe amid …

German government agrees on bailout for energy supplier
2 years, 5 months ago

German government agrees on bailout for energy supplier

Associated Press  

BERLIN — The German government will take a roughly 30% stake in energy supplier Uniper as part of a rescue package prompted by surging prices for natural gas and reduced Russian deliveries, the company and Chancellor Olaf Scholz said Friday. That is a very, very big chunk, so it’s clear you can imagine that there would have been practically no …

Russia Resumes 'Unstable' Gas Supplies to Europe via Nord Stream
2 years, 5 months ago

Russia Resumes 'Unstable' Gas Supplies to Europe via Nord Stream

News 18  

Russia on Thursday restored critical gas supplies to Europe through Germany via the Nord Stream pipeline after 10 days of maintenance, but uncertainty lingered over whether the Kremlin would still trigger an energy crisis on the continent this winter. Germany, which is heavily dependent on Russian gas, had feared that Moscow would not reopen the pipeline after the scheduled work …

Europe awaits Nord Stream 1 restart as supply uncertainty swirls
2 years, 5 months ago

Europe awaits Nord Stream 1 restart as supply uncertainty swirls

Al Jazeera  

The European Commission is asking the bloc’s member states to consider cutting back 15 percent of their natural gas use for the next eight months. “Europe’s gas markets have experienced months of confusion and apprehension as Russian gas supplies have fluctuated,” Kaushal Ramesh, senior gas analyst at Rystad Energy, an Oslo, Norway-based research firm, told Al Jazeera. “Much of this …

Putin warns EU that gas supplies could keep dwindling
2 years, 5 months ago

Putin warns EU that gas supplies could keep dwindling

Associated Press  

MOSCOW — Russian President Vladimir Putin said Tuesday it is the West’s own fault that the flow of Russian natural gas to European customers has dwindled and warned that it could continue ebbing. Speaking to Russian reporters in Tehran, where he attended the talks with the leaders of Iran and Turkey, Putin said the amount of gas pumped through the …

Economics of war: Pain for Europe now, later for Russia
2 years, 5 months ago

Economics of war: Pain for Europe now, later for Russia

Associated Press  

Across Europe, signs of distress are multiplying as Russia’s war in Ukraine drags on. Meanwhile, high energy costs fueled by the war are benefiting Russia, a major oil and natural gas exporter whose agile central bank and years of experience living with sanctions have stabilized the ruble and inflation despite economic isolation. Molkerei Berchtesgadener Land, a large dairy cooperative in …

Germany again rejects Russian explanation for gas supply cut
2 years, 5 months ago

Germany again rejects Russian explanation for gas supply cut

Associated Press  

BERLIN — The German government said Monday that a turbine at the center of uncertainty about future gas deliveries through a major pipeline from Russia to Europe was only supposed to be installed in September, underlining its insistence that there should be no technical obstacle to the gas flow. Meanwhile, Germany’s biggest importer of Russian gas said it had received …

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