Thursday , April 2 2020
Home / Tag Archives: Gazprom (page 2)

Tag Archives: Gazprom

New Russia-Ukraine natural gas dispute: a lot of noise for nothing?

Relations between Russia and Ukraine in the gas sector have been infamously strained for more than a decade, with the memory of the cut in supplies to Europe in both 2006 and 2009 still fresh in people’s minds. There was a brief period of relative stability in the past two years while the Stockholm arbitration court considered its verdict in the dispute over the 2009 Gazprom/Naftogaz supply and transit deal. But the dispute erupted again last week after the court ruled in...

Read More »

EU Imposes More Sanctions Against Russia, Blacklists Deputy Minister

The European Commission has decided to broaden sanctions against Moscow on Friday. As RT notes, more Russian individuals and firms accused of delivering Siemens gas turbines to the Crimea have been blacklisted. The updated blacklist includes Russian Deputy Energy Minister Andrey Cherezov, the head of the department of operational control and management in Russia's electric power industry Evgeniy Grabchak and state firm Technopromexport CEO Sergey Topor-Gilka. *  *  * As we...

Read More »

Nord Stream 2: with Europe already divided, the US adds a new layer of geopolitical complexity

When Gazprom officially launched plans to build the second Nord Stream gas pipeline system to Germany in June 2015, the accusations that Gazprom’s main aim was to increase its dominance over European gas came thick and fast. When five European majors from five EU member states (Austria, France, Germany, the Netherlands and the UK) all joined the Nord Stream 2 project, it left Europe essentially divided — those in northwest Europe who supported the pipeline and those strongly...

Read More »

Germany, Austria Slam US Sanctions Against Russia, Warn Of Collapse In Relations

Less than a day after the Senate overwhelmingly voted to impose new sanctions against the Kremlin, on Thursday Germany and Austria - two of Russia's biggest energy clients in Europe - slammed the latest U.S. sanctions against Moscow, saying they could affect European businesses involved in piping in Russian natural gas. Shortly after the Senate voted Wednesday to slap new sanctions on key sectors of Russia's economy over "interference in the 2016 U.S. elections" and aggression in Syria and...

Read More »

Is Russia’s cooperation with OPEC a long-term strategy?: Fuel for Thought

Russia has used its position as leader of the non-OPEC coalition to strike upstream deals with OPEC members as a possible quid pro quo for spearheading non-OPEC involvement in the production cut to balance global supply. With visits from Iraqi and Kuwaiti oil ministers and the annual OPEC/Russia energy dialogue meeting scheduled to take place before the end of June, this trend could continue, as Russian companies seize the opportunity to discuss bilateral cooperation on the sidelines of...

Read More »

This “Rogue” Oil & Gas Nation Just Set A Slew Of Output Records

Submitted by Dave Forest via OilPrice.com, With 2016 now closed out, we’re getting the first looks at year-end data. And numbers from one nation in the energy space have been particularly eye-catching this week. Russia. Over the last 15 years, Russia vaulted upwards in oil and gas production — challenging for the world’s top producer of crude. A fact that’s especially critical given this big producer is a “rogue” nation that lies outside the purview of...

Read More »

Gas helps to warm Russia, Turkey relations after tumultuous 12 months

Moving toward the brink of war is about as serious as a geopolitical relationship can get — and that is where Moscow and Ankara found themselves after NATO member Turkey shot down a Russian fighter jet on the border with Syria on November 24 last year. Diplomatic efforts succeeded in calming the immediate tensions, but nonetheless Moscow’s reaction was a pledge to “seriously reevaluate” its relationship with Ankara. As well as a raft of economic sanctions, part of the...

Read More »

Russia’s oil industry woes also from within: Petrodollars

Russia’s oil and natural gas industry is feeling the impact of low prices and financial and technological sanctions, but disagreements within the country’s own energy sector are also proving a hurdle to development, as Rosemary Griffin details in this week’s Oilgram News column, Petrodollars.   Russian authorities and leading domestic oil and gas producers are allowing ongoing legal disputes to further poison the business climate, showing that it’s not just external...

Read More »

Sussing out the ceilings over Russian gas prices

In this month’s selection from Platts Energy Economist, Managing Editor Ross McCracken explains what is currently contributing to Russia’s slipping grip on the European natural gas markets and questions whether Russian gas will be competitive in the future.   Almost a decade on from the first Ukraine-Russia natural gas crisis of January 2006, Europe faces another winter with the threat of disrupted supplies through Ukraine hanging over it. The region’s  security of gas...

Read More »