gas

Nord Stream May Cut Gas Supplies to Europe by 22%

The head of The Ukranian Naftogaz said that Ukraine can help Europe substitute Russian gas.

Bulgaria is excluded from the European Union embargo on Russian oil imports until the end of 2024.

The Minister of Climate and Environment of Poland, Anna Moscow, called the assertion that "Russian raw materials are always cheap" a myth, TASS reports.

Denmark's largest energy company, Ørsted, said it had not changed its position regarding the refusal to pay for Russian gas in rubles and allowed for the imminent termination of its supplies.

Aleksey Ryabchin, adviser to the head of NJSC Naftogaz of Ukraine, said that 140 Russian gas stations will be transferred to a state-owned company to create a state network of gas stations.

Pipeline oil supplies from Russia may not fall under the embargo of the European Union. It is reported by Reuters.

Germany plans to abandon gas and oil supplied by Russia. However, in this case, the country will depend on the supply of Chinese solar wind power generators.

Bloomberg, citing the analytical firm Kpler, noted that in April the Asian macro-region overtook Europe in terms of oil purchases from Russia.

The sanctions imposed on oil against Russia actually increase Moscow's revenues from the export of this energy carrier, writes columnist Robert Rapier for the Oil Price portal.

The sanctions imposed on oil against Russia actually increase Moscow's revenues from the export of this energy carrier, writes columnist Robert Rapier for the Oil Price portal.

The European Commission may consider the possibility of building a gas pipeline between the Spanish city of Barcelona and the Italian city of Livorno across the Mediterranean.

Deliveries of Russian ESPO oil to China rose to a record 1.1 million barrels per day in May. It is reported by Bloomberg.

The European Union (EU) will not be able to approve an oil embargo against Russia due to Hungary opposing the measure.

European Commissioner for Economic Affairs Paolo Gentiloni said that the member states of the European Union are currently unable to agree on an embargo on Russian oil imports.