Russian gas and oil

Gazprom reports massive profit slump in first half

Russia's energy giant Gazprom announced that net profit fell 25-fold in the first half of 2020 due to the economic crisis triggered by the coronavirus pandemic and low oil and gas prices. The state-controlled group posted a net …

Poland fines Gazprom $57 million over Nord Stream 2

Poland’s anti-monopoly watchdog UOKiK said on Monday it had fined Gazprom 213 million zloty ($57 million) for lack of cooperation in its proceedings with regard to the Nord Stream 2 pipeline project. Poland sees Nord Stream …

U.S. House approves more sanctions against Nord Stream 2

The U.S. House of Representatives has passed an amendment that would impose new sanctions on companies helping Russia complete the Nord Stream 2 natural-gas pipeline to Germany. The Democratic-controlled House passed the amendment to …

Turkish Stream gas flow to halt for first maintenance

Natural gas flow through the both lines of the TurkStream pipeline will be temporarily halted from June 23 until June 29, for annual maintenance and routine diagnostics, the project company announced. Planned annual maintenance …

Belarus insists on Russian gas price revision

Belarus insists on the need to revise the price of Russian gas for 2020, a spokesperson for the Energy Ministry said on Tuesday after negotiations between the energy ministers of the two states. "The issue of Russian gas …

Gazprom says signs key deals to build Ust-Luga plant

The key agreements for construction of a gas refinery and liquefaction plant in the port of Ust-Luga have been signed, Russian gas giant Gazprom said in a statement. "Several key agreements have been signed today in St. …