Gazprom

All news and posts of our editorial team on the topic

Energy ministers argue about gas for households
Europe has to take "immediate" action to be able to fill storage in the winter of 2023/24, the IEA warns. Meanwhile, energy ministers discuss cost allocation for solidarity gas supplies and restrictions on protected customers. continue reading →
Gazprom Germania possibly facing nationalization
According to an advance report in the German newspaper Welt am Sonntag, the German government has set up a holding company to carry out the nationalization of the German subsidiary of Russian state-owned Gazprom at short notice. The former Gazprom Germania, which has since been renamed Securing Energy for Europe GmbH (SEFE), has so far […] continue reading →
Russian gas supplies: Bulgaria at a crossroads
The Bulgarian transitional government wants to resume negotiations with Gazprom, while the pro-Russian forces in the country are gaining strength in the face of inflation and the energy crisis. Bulgaria could leave the European solidarity community after the parliamentary elections in October. continue reading →
Payment via Gazprom Bank: only a “Putinian Smoking Candle”?
As of today, according to the Kremlin, Russian gas is to be paid for only in rubles. But because the Western countries insist on the contractually agreed payment in euros or dollars, the Kremlin has come up with a detour via Gazprom Bank. However, this is unlikely to change anything. continue reading →
Gazprom offices targeted in EU antitrust raids
Russian gas company Gazprom’s offices were raided by EU antitrust regulators, a person familiar with the matter said on Wednesday, as the EU watchdog ramped up its investigation into the company’s gas supplies to Europe. The person declined to provide details of the EU raids.EU antitrust chief Margrethe Vestager in January asked gas companies including Gazprom about tight […] continue reading →
Biden: Russian Ukraine invasion means end of Nord Stream 2 pipeline
According to US President Joe Biden, a Russian invasion of Ukraine would mean the end of the controversial German-Russian Nord Stream 2 gas pipeline. At a joint press conference with German Chancellor Olaf Scholz at the White House on Monday, Biden said that in the event of a Russian invasion of Ukraine, “then there will […] continue reading →
Gazprom: EU court confirms settlement
The EU’s second-highest court yesterday upheld a decision by the European Commission to settle a long-running antitrust investigation into Russian gas giant Gazprom without paying a fine. In 2018, the Commission had accepted Gazprom’s concessions in the investigation, including a pledge to reform its pricing structure and allow rivals to gain a foothold in Eastern […] continue reading →
Study: Gas supply stop from Russia would have far-reaching consequences
The European Union could cope with a short-term interruption in gas supplies from Russia. However, this would cause significant economic damage and require emergency measures to reduce demand and consumption. This is the conclusion of a study published Thursday by the Brussels-based think tank Bruegel.If Russia cuts its supplies at the beginning of February and […] continue reading →
Energy crisis: high prices, empty gas storage facilities and the role of Gazprom
Europe is groaning under record high energy prices, and gas storage facilities are historically empty. The dependence on imports of Russian gas, which the Kremlin is increasingly using as a geopolitical lever, is becoming particularly clear. Could strategic gas reserves or minimum storage requirements be a solution? continue reading →
IEA chief blames Russia for gas crisis
Russia is exacerbating the energy crisis in the EU, according to the head of the International Energy Agency (IEA). “In terms of European gas … we believe there are strong elements of the tightness in European gas markets due to Russia’s behavior,” Fatih Birol told reporters on Wednesday. “Today’s low Russian gas flows to Europe […] continue reading →