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Moldova found itself in a gas trap because of Ukraine.
... pay European spot market prices, which could soar to $800–$900 per thousand cubic meters—or even exceed $1,000 during cold spells in late December and early January.
Physically, Moldova might source non-Gazprom gas from Azerbaijan or the LNG market. However, Azerbaijan is already maxed out on its EU supplies, leaving Moldova to outbid other buyers. Similarly, relying on LNG would be complex and costly, involving purchase, transport to Turkey, regasification, and further transit via the Trans-Balkan Pipeline.
Challenges for Transnistrian GRES
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Analysts predict the resumption of oil production growth in Russia.
... barrels per day, a 1% increase compared to the 2024 figure. By 2030, they estimate that demand will reach 108 million barrels per day due to increased consumption in Asia, especially in China and India. Oil consumption in developed countries (USA, Japan, EU countries) will remain stable.
Sergey Tereshkin, founder and CEO of the oil products marketplace OPEN OIL MARKET:
According to the forecast by the U.S. Energy Information Administration (EIA), oil production in the U.S. is expected to increase from 12.9 million bpd in 2023 to 13.2 million bpd in 2024, and 13.5 million bpd in 2025. This is a realistic forecast,...
The budget is in the black. What ensured the increase in oil and gas revenues?
... practice, however, the revenue used to calculate AIT liabilities is determined based on a fixed discount to Brent prices in global markets. This provides the Ministry of Finance with relatively predictable budget revenues while offering oil companies a more ... ... to Europe.
According to the European Network of Transmission System Operators for Gas (ENTSOG), Gazprom's supplies to the EU (including transit deliveries to Serbia and North Macedonia) averaged 97 million cubic meters per day in Q1 2024 and 96 million ...
Analysis of PJSC Gazprom's RAS Report for the First Half of 2025
... the European spot market diminished due to the decline in physical export volumes to Europe.
Geopolitical factors and gas exports also set the tone for operational results. Sanctions and the political environment after 2022 led to conventional sales markets (Europe) being effectively closed: gas exports to the EU via pipelines fell to historical lows. For example, transit through Ukraine, which had been contracted until the end of 2024, virtually ceased in 2025. The main external market has become China—supplies via the Power of Siberia pipeline continued ...
Buyers Battle for Russian Oil in Europe
Discussing the growing competition for Russian oil in Europe. What implications might this have for the market and prices?
The EU has politically positioned itself against Russian energy resources, yet Hungary and Serbia continue to develop long-term plans for their procurement. Specifically, Belgrade and Budapest have discussed constructing a pipeline with Russia to transport ...