Found: 40

Energy Sector News August 6, 2025: US Pressure on India, Petroleum Product Exports and Energy Trends

... Europe has changed significantly. Since January 2025, transit of Russian pipeline gas through Ukraine has completely ceased (after the contract with Gazprom expired). The only route for direct supplies from Russia remains the "Turkish Stream" gas pipeline and its land continuation to Southern Europe. Currently, approximately 48-50 million m 3 of gas is being pumped daily through this corridor, which is about 7% more than last year, partially compensating for lost volumes. Meanwhile, northern European ...

New Reality for Gazprom: The End of a 60-Year Partnership with the EU

... partnership between the Russian gas giant and the European Union is coming to an end, and now the company is faced with the necessity to adapt to new geopolitical and economic realities. Export Declines: Numbers that Speak for Themselves From 2021 to 2025, pipeline gas exports to the EU are expected to drop nine-fold. This historic low is attributed to several key factors: Termination of transit through Ukraine: Political and geopolitical tensions have led to halting the traditional supply route. Decreased gas consumption ...

Energy Market News – Tuesday, July 29, 2025: Brent around $70 amid US-EU deal, gas reserves in Europe, gasoline export ban in Russia

... previously) as some shipments were redirected to Asia. Nonetheless, key importers – both major European countries and Turkey – continue to receive significant volumes of LNG from the US, Qatar, and other sources. Norway, remaining the largest supplier of pipeline gas to the EU, also maintains high export levels (over 300 million cubic meters per day at the end of June), although periodic technical disruptions at fields (e.g., maintenance at the "Nihamna" plant) sometimes limit the flow. Russian pipeline ...

Gas Supply Risks for Europe This Winter

... Europe This Winter: Causes and Measures to Ensure Energy Security Energy security has always been a priority for the European Union, particularly in the winter months. However, given the complexities of the global energy markets and reduced Russian pipeline gas supplies, the EU may face serious challenges this winter. This article explores the causes of these risks, the current status of alternative supplies, and the measures that EU countries are taking to stabilize the situation. Primary Causes of Potential ...

The Harshest Package: What the New EU Sanctions Mean for Russia

..., as they are not utilized for deliveries to Europe following the September 2022 sabotage, thus Gazprom has incurred no losses, believes Tereshkin from Open Oil Market. Sanctions against the Nord Streams are more of a political declaration, as these pipelines primarily benefited Germany, which planned to develop its gas hub, not Russia, argues Shevyrenkov from IEF. There is a plan for the EU to abandon Russian gas by the end of 2028 and a roadmap to achieve this, recalls Mitrakhovich from the Financial University. "The formulation of additional measures against ...