Gazprom Of Russia News

Russian gas exports to Europe via pipelines plummeted to a post-Soviet low in 2022 as its largest customer cut imports due to the conflict in Ukraine and a major pipeline was damaged by mysterious blasts, Gazprom data  and Reuters calculations showed.The European Union, traditionally Russia's largest consumer for oil and gas, has for years spoken about cutting its reliance on Russian energy, but Brussels got serious after the Kremlin sent troops into Ukraine in February.State-controlled Gazprom…

Russia's Gazprom Neft has sold its first ever Arctic oil cargo to China to ChemChina, two sources familiar with the deal told Reuters on Thursday.This week, Gazprom Neft said it had sent 144,000 tonnes of light Novy Port oil grade to the Chinese port of Yantai on the Bohai Sea from Russia's north-western city of Murmansk, using the Northern Sea Route (NSR) through Russia's Arctic waters.The Delta Hellas vessel used part of the NSR, a route requiring icebreakers and ice-class tankers, Refinitiv Eikon data showed, sailing west from Murmansk to reach Suez and then China.Gazprom Neft said this week the delivery took 47 days, without providing the buyer's name.Gazprom Neft and ChemChina did not reply to Reuters requests for a comment.The company regularly supplies ESPO Blend crude oil to China

Russian President Vladimir Putin inaugurated a liquefied natural gas (LNG) import terminal that will serve as a back-up gas supply solution for the Russian enclave of Kaliningrad on the Baltic Sea. The facility includes floating storage regasification unit (FSRU) in Baltic Sea enclave.Gazprom CEO Alexei Miller said: "The floating storage regasification platform is currently moored at the receiving terminal; that platform will convert LNG into gas to pump into the underground facility and to supply to consumers in Kaliningrad Region."Putin said that the Kaliningrad region is no longer dependent on transit gas supplies. According to him…

Canada slaps sanctions on Gazprom, other Russia energy firms   Canada is imposing economic sanctions against Russian energy firms such as natural gas producer Gazprom OAO in response to the actions of Russian-backed militants in Ukraine, Ottawa said on Monday.   A government statement did not give details of the sanctions. Other firms targeted are Gazprom Neft OAO, Surgutneftegaz OAO and Transnefteprodukt OAO.     (Reporting by David Ljunggren; Editing by Richard Chang)

Slovakia and Ukraine have reached an agreement on opening up limited capacity for reverse flow of natural gas from central Europe to Ukraine and will sign the deal on Monday, the Slovak Economy Ministry said on Saturday. Ukraine is trying to secure alternative supplies to those from Russia's Gazprom since Russia annexed Crimea last month and Gazprom nearly doubled prices for its gas to levels Ukraine is refusing to pay. Russia's seizure of Crimea from Ukraine has set off the most serious East-West rift since the end of the Cold War, resulting in EU and U.S. sanctions and raising the threat of interruption of gas supplies from Russia to Europe.

Slovakia and Ukraine have reached an agreement on opening up limited reverse flow of natural gas from central Europe to Ukraine and will sign the deal on Monday, the Slovak Economy Ministry said on Saturday. Ukraine is trying to secure alternative supplies to those from Russia's Gazprom since Russia annexed Crimea last month and Gazprom raised prices for its gas to levels Ukraine is refusing to pay. Under the deal, Slovakia will make technical adjustments to an old unused pipeline so it can ship over 3 billion cubic metres of gas a year from around October, rising to up to 10 bcm from next spring. Ukraine has been pushing for another technical solution allowing larger volumes it needs, but Slovakia is refusing that because it fears it would violate its contracts with Gazprom.

The two energy providers discussed the possibilities of co-operation in supplying liquefied natural gas (LNG) particularly from the Baltic LNG project to the European and Latin American markets, during a recent meeting at Gazprom HQ. Russia's Gazprom inform that the meeting between Alexey Miller, Chairman of the Company's Management Committee and Marcelino Oreja, Chief Executive Officer of Enagas also noted that Spain had a potential to become one of the major consumers of LNG from the project.

Russia is an energy superpower and the country has vast and rich natural resources. Besides gas and coal reserves (some of the largest in the world), Russia today is ranked as the world’s biggest oil producing nation accounting for well over 12% of the global output. Moreover, the country exports more than 70% of its oil to the world markets. That said, Russia’s output of oil amounts to a third of what collectively the Organization of Petroleum Exporting Countries (OPEC) produces. The country has relied on oil production for decades, however there has been a notable geographical shift.

Istanbul's Bosphorus straits were closed to shipping for several hours on Monday to allow a massive pipeline laying platform owned by Saipem to pass through into the Black Sea, shipping officials said. The Saipem 7000 entered the straits at around 9:45 am (0645 GMT) on its way to lay an undersea gas pipeline in the Black Sea as part of the Blue Stream pipeline that will carry Russian gas to Turkey. Officials expect the platform to exit the Straits early Monday evening. The Blue Stream project is a partnership between Turkey's Botas, Eni of Italy and Gazprom of Russia. - (Reuters)