Tag: Gazprom

Gazprom to deliver gas to China ahead of schedule

Gazprom to deliver gas to China ahead of schedule

Russia’s state-owned gas giant Gazprom will begin deliveries to China through the Power of Siberia pipeline as early as 1 December 2019, according to the chairman of the company’s management committee, Alexey Miller. The project was initially expected to begin transporting gas to China on 20 December 2019 and is […]

France back EU stance on Nord Stream 2

France back EU stance on Nord Stream 2

Efforts from Brussels to regulate the Russian led Nord Stream 2 gas project have been bolstered by support from the French for proposed EU energy rules on the pipeline, despite German opposition. Although the proposal does not have the leverage to stop the pipeline, it could restructure the operation and […]

Russia looks to boost European market share

Russia looks to boost European market share

Russian energy giant Gazprom is looking to increase its 35% market share in Europe, as demand for natural gas increases and competitors expect lower production. Elena Burmistrova, Director General of Gazprom Export, said further opportunities come following a decline in North Sea production and the planned shutdown of the Groningen, […]

European Parliament votes to block Nord Stream 2

European Parliament votes to block Nord Stream 2

Shares in Russia’s gas producer Gazprom plummeted last week after the European Parliament voted to condemn the Nord Stream 2 pipeline that is planned to deliver gas from Russia to Germany. The company’s shares opening down 1.6pc in Moscow following the motion that described the pipeline as “a political project […]

Poland favour US LNG over Russia

Poland favour US LNG over Russia

Poland’s major gas company PGNiG has signed a 20-year deal with US Venture Global LNG that will see it receive 2 million tons of American LNG annually from 2022, as Poland looks to reduce its reliance on Russia for oil and gas imports. The US LNG will cost Poland a […]

US target 2022 LNG deliveries to Germany

US target 2022 LNG deliveries to Germany

Deputy US Energy Secretary Dan Brouillette has said firms can expect to be delivering American liquefied natural gas to Germany within the next four years as the country seeks to challenge Russia’s dominance of the European energy market. During an interview with Bild, Brouillette said: “U.S. liquefied natural gas is […]

Russian pipeline to China 93% complete

Russian pipeline to China 93% complete

Gazprom’s Power of Siberia natural gas pipeline that will run from Russia to China is nearly complete, the gas giant stated in its latest update of major projects. A total of 1,249 miles of pipes have been laid so far, the equivalent of 93% of the length of the route, […]

Tensions escalate between Russia and Ukraine over Nord Stream

Tensions escalate between Russia and Ukraine over Nord Stream

The Ukrainian President has ordered the seizure of the country’s overseas assets of Gazprom and its shares in the Nord Stream gas pipeline as it looks to enforce a Stockholm tribunal ruling against the Russian giant. A Dutch court has approved the petition to freeze assets in the Netherlands as […]