STOCKHOLM/HELSINKI—Finland and Sweden on Sunday announced plans to offer billions of dollars in liquidity guarantees to power companies in their countries after Russia’s Gazprom shut the Nord Stream 1 gas pipeline, deepening Europe’s energy crisis. Finland is aiming to offer 10 billion euros ($9.95 billion) and Sweden plans to offer 250 billion Swedish crowns ($23.2…
Sweden, Finland Step in to Avert Lehman-Like Situation for Power Companies
September 6, 2022
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Gazprom Piping Gas to Europe via Ukraine After Nord Stream Stoppage
September 3, 2022
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Russia’s Gazprom said it would ship 42.7 million cubic meters (mcm) of natural gas to Europe through Ukraine on Saturday, hours after it announced that flows through the Nord Stream 1 pipeline to Germany would not resume as planned. Flows via the Sudzha entry point were up slightly compared to the 41.3 mcm Gazprom sent…
Gazprom Head Says ‘Sanctions Confusion’ Means Siemens Cannot Service Nord Stream 1: Interfax
September 1, 2022
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Business & MarketsCompaniescrisisenergyEuropeGasGazpromGold and CommoditiesMarketsNordstreamRussiaRussia-Ukraine WarsanctionsSiemensUkraineWorld
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MOSCOW—Gazprom Chief Executive Alexei Miller on Wednesday said Western sanctions mean Siemens Energy is unable to carry out regular maintenance on equipment for the Nord Stream 1 natural gas pipeline, Interfax news agency reported. Periodic replacement of some equipment, such as turbines, is needed to ensure the smooth transport of gas. Its state of repair…
Kremlin: Only Sanctions Prevent Nord Stream Gas Pipeline From Working
August 30, 2022
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Business & Marketscrisiseconomic policiesenergyEuropeGasGazpromGold and CommoditiesMarketsNordstreamRussiaRussia-Ukraine WarsanctionsUkraineWorld
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MOSCOW—Nothing stands on the way of Russian gas exports to Europe via the Nord Stream 1 pipeline apart from technological problems caused by Western sanctions, Kremlin spokesman Dmitry Peskov said on Tuesday, a day before another planned maintenance shutdown. Russian energy giant Gazprom has announced it will shut the pipeline for three days from Wednesday…
Kremlin: Gazprom Is Supplying as Much Gas to Europe as Possible
July 27, 2022
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Business & MarketscrisisDmitry PeskoveconomyenergyEuropeGasGazpromGold and CommoditiesMarketsNordRussiaRussia-Ukraine WarstreamUkraineWorld
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MOSCOW—Russia’s Gazprom is supplying as much gas to Europe as possible, Kremlin spokesman Dmitry Peskov told reporters on Wednesday, adding that sanctions-driven technical issues with equipment were preventing Gazprom from exporting more. Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and the European Union that…
Ukraine Says Russia Increased Gas Pipeline Pressure Without Prior Notice
July 26, 2022
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Russian gas giant Gazprom has sharply increased pressure in the pipeline that delivers Russian gas to Europe without prior notice, the Ukrainian state pipeline operator company said on Tuesday. Such pressure spikes could lead to emergencies including pipeline ruptures, and pipeline operators are obliged to inform each other about them in advance, the Ukrainian company…
Russia’s Gazprom Announces Reduction of Gas Through Nord Stream 1
Russian energy firm Gazprom said it will have to further reduce gas flow through the Nord Stream 1 pipeline this week due to repairs, coming as European Union officials called on member states to curb gas usage by next year. Gazprom, a state-run entity, resumed gas shipments via Nord Stream 1 on July 21 after…
Iran and Russia’s Gazprom Sign Primary Deal for Energy Cooperation
July 19, 2022
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Business & Marketscooperationeconomic policiesenergyEuropeGasGazpromGold and CommoditiesIranMarketsMiddle EastOilRussiaWorld
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LONDON—The National Iranian Oil Company (NIOC) and Russian gas producer Gazprom signed on Tuesday a memorandum of understanding worth around $40 billion, Iran’s oil ministry’s news agency SHANA said. The deal was signed during an online ceremony by the CEOs of both companies on the day Russian President Vladimir Putin arrives in Tehran for a…
Canada to Release Equipment for Russia–Germany Gas Pipeline
BERLIN—The Canadian government says it will allow the delivery to Germany of equipment from a key Russia–Europe natural gas pipeline that has undergone maintenance—equipment the absence of which Russia’s Gazprom cited last month as a reason for more than halving the flow of gas. The return of turbines from the Nord Stream 1 pipeline sent…
Gazprom Proposes Adding LNG to Rouble for Gas Scheme Ifax
MOSCOW—Russian gas producer Gazprom has proposed expanding its rouble-for-gas scheme for pipeline gas to include liquefied natural gas (LNG), the Interfax news agency quoted a senior manager as saying on Monday. The proposal from Kirill Polous, a deputy department head at Gazprom, comes after Russia moved to seize operations of the Sakhalin-2 LNG plant last…
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