The CEO of Serbian gas company Srbijagas, Dusan Bajatovic, announced that a possible expansion of the company’s activity is planned by purchasing the Russian gas station network in Bulgaria and Romania. His statements were made in an interview with Serbian TV channel K1, quoted by Mediapool, writes Economica.net. Bajatovic explained that Srbijagas can take over […]
Russian group Gazprom will significantly increase its gas supplies to Slovakia via the TurkStream pipeline starting in April, Vojtech Ferencz, the head of state-owned SPP, the operator of Slovakia’s gas pipeline network, said on Monday, Reuters reports.Last month, SPP announced that Gazprom had resumed natural gas supplies to Slovakia in early February, using volumes ceded […]
Serbian oil and gas group NIS, controlled by Russian giant Gazprom, said it was considering withdrawing from Bulgaria and Romania due to challenges facing its operations in these markets, according to SeeNews, citing company reports. “Management […] is considering the possibility of exiting these markets if challenges persist or worsen, including evaluating a potential full […]
Russian gas giant Gazprom is seeking to raise regulated prices in the country to finance its investments, the Interfax news agency reported on Thursday, Reuters reported. In 2023, the Russian giant posted a net loss of nearly $7 billion, its first annual loss since 1999, as it lost the lucrative European market after Russia invaded […]
The trigger that ended a more than 50-year relationship between Russian group Gazprom and Austrian OMV earlier this month was the Austrian group’s decision to seize Russian gas as payment to cover the amounts owed to OMV, following a decision by an arbitration tribunal, several sources told Reuters, cited by Agerpres. On November 13, OMV […]
Austrian energy company OMV said gas supplies from Russia stopped at 6am (0500 GMT) on Saturday, but Austria’s regulator said supplies to customers were stable despite falling flows. “We confirm that there has been no gas delivery since today at 6 o’clock in the morning,” said an OMV spokesman, quoted by Reuters. Alfons Haber, the […]
Russian giant Gazprom reported losses of 309 billion rubles ($3.2 billion) in the first nine months of 2024, compared with a profit of 446 billion rubles in the same period in 2023, according to Russian reporting standards that do not include subsidiaries, reports Reuters, quoted by Agerpres. The Kremlin-controlled company, which sits on the world’s […]
The local subsidiary of the Serbian company NIS, controlled by Gazprom, received the license to supply electricity from Romania. “License for the activity of supplying electricity to the company NIS PETROL SRL”. This is one of the decisions adopted by the Energy Regulatory Authority (ANRE) in its meeting today. Once the license is obtained, the […]
German utility group Uniper announced on Wednesday that an arbitration tribunal had given it the right to seek compensation “in excess of 13 billion euros” for volumes of Russian natural gas not supplied to it by the Gazprom PJSC group since mid-2022, informs AFP, quoted by Agerpres. Uniper, Germany’s main importer of Russian gas, was […]
The Moscow government has instructed Gazprom not to pay dividends for 2023, according to a decree published on the state company’s website, which reported its first annual losses since 1999. On Monday, Gazprom shares fell more than 5.5% on the Moscow Stock Exchange, reaching the lowest level since October 10, 2022. The St. Petersburg-based company […]
