Russian gas continues to reach Austria, despite the stoppage of deliveries to OMV
Russian natural gas seems to continue to reach Austria, despite the fact that, on Saturday, the Gazprom group stopped deliveries…
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Kremlin cannot report the planned nationalization of energy companies
The Kremlin announced on Wednesday that it cannot confirm the report according to which the Russian Ministry of Energy presented…
Russia expects a decline in oil and gas revenues over the next three years
Russia’s revenues from oil and gas to the state budget would decrease between 2025 and 2027, due to lower raw…
Lukoil stops supplying oil to Hungary after Ukraine tightened sanctions
Hungary and Russia are looking for a solution so that the Russian oil group Lukoil PJSC can resume oil deliveries…
Ukraine discusses sending natural gas from Azerbaijan to the EU
Ukraine is discussing the sending of natural gas from Azerbaijan to the European Union, in the context of which it…
Russia will temporarily lift restrictions on gasoline exports
Russia will allow refineries to continue exporting gasoline for another month because the domestic market remains well supplied, reports Bloomberg.…
Daniel Fried: Europe and the US will not allow Russia to regain its empire
Europe and the US will not allow Russia to regain its empire, as the regime in Moscow intends to do.…
Gazprom will not pay dividends, last year it recorded its first losses since 1999
The Moscow Government has instructed Gazprom not to pay dividends for 2023, according to a decree published on the state…
Russia’s oil industry suffers from staff shortages following mobilization
Russia’s oil and gas industry was crucial to financing the invasion of Ukraine, giving the Kremlin the funds it needs…
Russia became China’s largest oil supplier, a first since 2018
Russia overtook Saudi Arabia last year to become China’s largest supplier of oil, which highlights the ineffectiveness of the West’s…
Russia nationalizes OMV and Wintershall Dea’s stakes in gas extraction projects
The Austrian group OMV and the German company Wintershall Dea will officially lose their stakes in the Russian Arctic gas…
Hungary is looking for the gas suppliers of the future
Hungary’s gas consumption has dropped from the traditional ~10 bcm by 1,5 bcm to 8.5 bcm both on the residential…
EY: Imports of steel products containing Russian raw materials are prohibited
Imports of steel products containing Russian raw materials will be banned in the EU from September 30, 2023, even if…
Russia’s crude oil supplies at the highest level in three months
Moscow is sending massive amounts of crude to the market, even as it announced it will extend its voluntary decision…
Russia remains China’s main supplier of crude oil
Russia remained China’s largest supplier of crude oil in July, data published by the Beijing government showed on Sunday, even…
“El Krizis” the tornado-like energy crisis of last year; the history of a 100,000% price increase
The energy crisis of 2021-2022 was like a tropical tornado: unexpectedly hit, then went without advance warning, and done much…
Exiting natural gas it’s only feasible by 2050
Exiting natural gas is only feasible by 2050 but accelerating natural gas phase-out is the most efficient way to reduce…
Romania and Bulgaria should strengthen cooperation in the energy field
Romania and Bulgaria are very good partners and should continue their cooperation, especially in the energy field and will have…
Russia cuts currency sales as energy exports stabilize
Russia will reduce the amount of currency it plans to sell by early April as energy export earnings show signs…
József Balogh: From UE price cap to Russian fur hat (usanka)
The idea of price fixing is having a real renaissance in Central Europe. If any of the retired employees of…
Jozsef Balogh: An (almost) perfect match – the missed cooperation between the Romanian and Hungarian electricity systems
Coupling Eastern European electricity markets at the European level was a big mistake. This forced project was created to hide…
Hungary badly needs Black Sea gas, but Romania needs to clarify its offshore legislation
Hungary is in great need of gas from the Neptune perimeter in the Black Sea, due to its massive dependence…
Ukraine has stopped electricity exports; fast reaction from Transelectrica
The Ukrainian electricity grid operator, NPC UKRENERGO, was working on Monday evening to restore electricity supplies to the country after…