Contents tagged with Gazprom

  • Russia signals willingness to maintain gas exports to Europe through Ukraine as revenue losses mount

    Russia, which previously attempted to "freeze" Europe by slashing gas supplies to European customers in a bid to force the West to make concessions over the war in Ukraine, has now dramatically changed its rhetoric after losing a significant portion of its income from exporting natural gas.

    Russian Deputy Prime Minister Alexander Novak announced Moscow's readiness to continue the delivery of gas to Europe, including through the territory of Ukraine, as reported by Russian media.

    However, …

  • First mercenary from the private military company created by Russian gas giant Gazprom captured by Ukrainian Forces

    The first mercenary of the private military company Redut, which was formed from the employees of the Russian gas giant, Gazprom, was captured by the Ukrainian military. A video of his interrogation was published on the Telegram Channel Operational ZSU.

    In the video, a native of Orenburg said that before being sent to Ukraine, he worked at Gazprom as a senior security guard.

    “Gazprom has created a division called Potok. Potok was handed over to the Redut PMC," the prisoner explained during …

  • Ukrainian Intelligence: Russia’s Gazprom is creating its own private military company

    Russian oil producer Gazprom Neft, a subsidiary of the gas giant Gazprom, is creating its own private military company. The corresponding order was signed by the Russian Prime Minister Mikhail Mishustin, reports the Main Intelligence Directorate of the Ukrainian Defense Ministry.

    The document states that the founders of the organization will be JSC Gazprom Neft with a 70% share and a "private security organization Staff Center" with a share of 30%.

    The Russian government justifies the …

  • Putin reverses his earlier decree, allows Russian gas producers to accept payments in foreign currency

    Russian gas suppliers will be able to accept payments in foreign currency from "unfriendly" countries, according to the decree signed by the Russian president Vladimir Putin. Payments for gas are proposed to be credited to a special foreign currency account of the Russian supplier specified in the contract.

    The decree amends the March decree, according to which all payments for gas must be accepted exclusively in rubles. In March 2022, after Russian Central Bank's assets in dollars and euros …

  • Media: Germany and Canada are prepared to circumvent sanctions to restore Russia’s gas supplies to Europe

    Germany has convinced Canada to bypass sanctions to help Berlin fix the gas issue involving Russian gas giant Gazprom. Ottawa intends to return Siemens gas turbines to Gazprom, so that Russia has no excuses in restoring gas supplies through Nord Stream. Ukrainian authorities are outraged by the decision of Canada and Germany and intend to fight for it to be cancelled, reported Evropeyska Pravda, citing its sources.

    The Ukrainian side insists that if Canada returns the turbine to Russia, then …

  • Austria threatens to take away Gazprom's underground gas storage facility

    Austrian Chancellor Karl Nehammer said Russia's Gazprom, which owns one of the largest gas storage facilities in Central Europe located in the town of Haidach near Salzburg, must fill it with gas or the facility will be transferred to other companies.

    According to Nehammer , Austria has developed a step-by-step plan to eliminate dependence on Russian natural gas and measures are being taken to find alternative fuel suppliers. In addition, the national strategic gas reserve has been created in …

  • Russia stopping gas supplies to Poland and Bulgaria

    Russia is stopping gas supplies to Poland through the Yamal-Europe gas pipeline, reported the polish news website Onet, citing sources in the government and the Polish oil and gas company PGNiG.

    Moscow did not provide the reasons for stopping the gas supplies, the newspaper writes. The Polish government has convened an emergency group.

    On April 26, the Polish Ministry of Internal Affairs imposed sanctions against the Russian gas giant Gazprom, which owns 48% of the shares of the Polish …

  • Germany halts certification of Nord Stream 2 gas pipeline

    The long-suffering Nord Stream 2 project, which cost 10 billion euros, of which 5 billion was invested by Russian gas giant Gazprom, is one step closer to becoming the most expensive pile of scrap metal in the world.

    Germany is stopping the certification process of the gas pipeline, which was supposed to deliver 55 billion cubic meters of Russian gas to Europe annually, German Chancellor Olaf Scholz said on Tuesday.

    "I asked the Ministry of Economy to recall from the Federal Network Agency …

  • EU to increase purchases of Azerbaijani gas amid rising tensions with Russia

    The European Union will hold talks with Azerbaijan to discuss the possibility of increasing gas supplies to Europe through the Trans-Adriatic Pipeline (TAP).

    The Financial Times reports, citing sources, that next week the European Commissioner for Energy, Kadri Simson, will pay a visit to Baku, where she will meet with the Minister of Energy of Azerbaijan Parviz Shahbazov and the Minister of Ecology and Natural Resources Mukhtar Babaev.

    "We expect the talks to focus on Azerbaijan's role in …

  • Germany blocks ex-diplomat from becoming top manager at Nord Stream 2

    The process of "schröderization" of European officials, who find a comfortable management positions in the leadership of Russian state corporations, has been met with resistance from the German authorities.

    The German Foreign Ministry blocked the former ambassador to Saudi Arabia, Dieter Walter Haller, from joining the Gas for Europe, the German legal entity established by Gazprom's 100 percent Swiss subsidiary Nord Stream 2 AG.

    Haller received an offer to head the supervisory board of the …