... Europe. How Gazprom is Responding: Challenges and New Directions For Gazprom, an era of significant change has arrived. The company faces numerous challenges but is also presented with new opportunities: Loss of revenues from the EU: The reduction in gas supplies to Europe places pressure on revenue, reflecting in the company's stock quotes. Reorientation towards Asia: China and other Asian countries are becoming key markets for Gazprom. Increasing exports through the "Power of Siberia" plays ...

... growth of ~3% in Q2) supports optimism, while economic slowdowns may dampen fuel demand. Gas Storage Filling. Europe’s progress towards achieving the 90% filling goal for gas storage facilities before the heating season, alongside securing alternative gas supplies (e.g., through LNG), will define the situation in the gas market this fall and winter. Adequate reserves can mitigate prices, whereas delays in schedules or supply disruptions may return volatility. Actions by OPEC+ and Production Levels. The ...

... thousand cubic meters due to the "Sudzha" gas metering station (Prime Economic Information Agency). On August 9, 2024, Sergey Tereshkin, CEO of the OPEN OIL MARKET oil products marketplace, commented on the potential consequences of reduced gas supplies through the "Sudzha" gas metering station for Europe. In his opinion, despite the increase in gas prices, the impact on European consumers will be limited. This is due to the low share of supplies through the "Sudzha" station ...

... Turkey and Russia continue to strengthen their energy cooperation, discussing the creation of a joint gas hub. This project could shift the balance of power in the European energy market, increase the influence of both countries, and ensure more stable gas supplies. What does this project mean for Russia, Turkey, and the global energy market? Read more in our article. Turkey promises to establish a new gas trading center in Istanbul in 2025 together with Russia. This idea was initially proposed by Russia ...

... the U.S. in Q2 2025) supports optimism, but economic slowdowns in any region could cool fuel demand. Filling Gas Storage: Progress in Europe towards achieving the goal of 90% filling of UGS facilities before the heating season and securing alternative gas supplies will determine the pricing situation in the gas market in the fall and winter. OPEC+ Actions: The implementation of planned oil production increases by OPEC+ countries and decisions that may be made at upcoming alliance meetings will influence ...