Fuel and energy

Ukraine is preparing a legal position for consultations with the United States and Germany on guarantees to Kiev after the launch of the Nord Stream 2 gas pipeline and possible compensation under an association agreement with the EU.

A group of US congressmen submitted a resolution to the House of Representatives condemning a number of decisions by President Joe Biden in the field of energy policy, including the refusal to impose sanctions on the Nord Stream 2 pipeline.

According to the available data, the reserves of combustible matter in underground gas storage facilities in Europe are at the lowest level for many years.

According to the head of «Naftogaz», US President Joe Biden should restore sanctions against «Nord Stream-2».

This was announced by the EU High Representative for Foreign Affairs and Security Policy Josep Borrel.

Under the new agreement, Hungary will receive 4.5 billion cubic meters of gas from Russia annually.

The company plans to start producing Ukrainian gas in the second half of 2022.

The closer the completion of the Nord Stream 2 gas pipeline, the more vague its fate, and it is completely unclear what will happen after September, when the construction is completed.

The head of Rosneft and executive secretary of the presidential commission on the fuel and energy complex Igor Sechin asked Russian President Vladimir Putin to allow the company to export 10 billion cubic meters of gas to Europe a year against the backdrop of record high gas prices in Europe.

The emphasis was placed on the need to prevent Russia from using gas pipeline as a weapon.

The gas pipeline project has been implemented by 99%.

The German business association welcomes Chancellor Angela Merkel's discussion of the implementation of the agreement with the United States on Nord Stream 2 during her visits to Moscow and Kiev.

Ukraine is creating a working group to oppose the launch of the Nord Stream 2 gas pipeline.

President of Ukraine Volodymyr Zelensky said that he was not happy with the agreement on the Nord Stream 2 pipeline reached between the United States and Germany.

Gas on the European futures market is getting cheaper after Gazprom announced the possibility of supplies via Nord Stream 2 this year.