Russian gas

EU could quit Russian gas within a year, US energy chief says

The United States is ramping up pressure on Europe to cut off energy revenue to Moscow, seeking to end the war in Ukraine

Trump has put an additional 25% tariffs on goods coming into the US from India in response to the country’s buying of Russian oil.

Russian gas sales to China would not harm US, energy secretary says

Since coming back to the office, Trump has not imposed direct sanctions on Russian energy entities

A view of the Lakhta Centre, the headquarters of energy giant Gazprom, in St Petersburg, Russia. The company will lose close to US$5 billion in gas sales after the transit deal with Ukraine was cut.

Russian gas era in Europe ends as Ukraine stops transit

RUSSIAN gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year’s Day, marking the end of decades of Moscow’s dominance over Europe’s energy markets.

The US has become Europe’s top supplier of the liquefied fuel, in part due to new facilities built to offload LNG.

Europe can’t seem to kick its Russian energy habit

THREE years ago, Russia was the world’s biggest exporter of natural gas and Europe was its top customer. For the continent’s leaders, access to all that cheap Russian energy outweighed any misgivings ...

Russia’s Gazprom reported a net loss of US$7.1 billion in 2023, its first annual loss in more than 20 years.

Russia says rejecting its gas will have cost Europe 1 trillion euros by end-2024

This reflected the cost of substituting Russian gas with liquefied natural gas

Contrary to analysts’ expectations, the Russian economy has not collapsed as a result of Western sanctions. One reason is that demand for Russian exports – particularly oil and gas – remains strong.

Sanctioning China will work no better than sanctioning Russia

Policymakers should learn from the failure of Western measures seeking to end the war in Ukraine

Measures in the new package include cutting the electricity tax to the minimum level and raising and extending for five years the compensation received by 350 firms that compete internationally and are most at risk of relocating.

Germany reaches deal on electricity price support for industry

The German government has reached a five-year agreement on a package of measures to support industry in the face of high electricity prices, as it steps up efforts to stop firms relocating to countrie...

Russia’s gas industry, and in particular state-controlled Gazprom, has traditionally been a cash cow for the nation’s budget.

Russia considers extra gas tax to finance subsidies for oil refiners

RUSSIAN authorities are considering raising the tax burden on the nation’s natural gas industry to help finance a return to full subsidies for oil refiners, as the government seeks to support the dome...

The Kremlin is keen for fresh export deals to shore up Gazprom’s international presence, which suffered after Putin failed to cow Ukraine’s allies in Europe with threats of freezing homes.

The fall of Russia’s gas giant dulls a key tool of Putin’s power

RUSSIAN President Vladimir Putin overplayed his hand by trying to use Gazprom to bring Europe to its knees, and now his efforts to bolster the state-controlled gas giant are at the mercy of China.

With European economies strained by higher interest rates, there are fears that some gas demand might never come back.

Europe’s weak gas demand signals industrial malaise taking hold

MANUFACTURERS from chemicals to metals and machinery curbed production last year in the fallout from Germany’s energy crisis. As the cutbacks linger, it’s a sign that a deeper industrial malaise is se...