Page 4 - Gas Supplies

UK industries and households brace for blackouts, gas shortage in January

Under the government's latest "reasonable worst-case scenario," Britain could face an electricity capacity shortfall totaling about a sixth of peak demand

GAIL feels blowback from Ukraine war as former Gazprom unit cuts supplies

A former Gazprom subsidiary reneges on its supply contract forcing the state-owned gas distributor to cut back supplies to key industries

European Union heaves sigh of relief as Russia restarts gas supply

Russia says Ukrainian drone struck nuclear plant but caused no damage

EU tells members to reduce gas consumption amid new Putin warning

Deliveries via Nord Stream 1, which accounts for more than a third of Russian gas exports to the EU, are due to resume on Thursday after a 10-day halt for annual maintenance

Putin warns EU that gas supplies could keep dwindling due to West's fault

Russian President Vladimir Putin said Tuesday that the flow of Russian natural gas to European customers has dwindled due to the West's own fault and warned that it could continue ebbing. Putin's statement further cranked up pressure on the European Union, which fears Russia could cut off gas to wreak economic and political havoc in Europe in the winter. Speaking to Russian reporters in Tehran, where he attended the talks with the leaders of Iran and Turkey, Putin said the amount of gas pumped through the Nord Stream pipeline to Germany will fall further from 60 million to 30 million cubic meters a day, or about one fifth of its capacity, if a turbine isn't quickly replaced. He added that Russia could launch the recently completed Nord Stream 2 pipeline that has never entered service, but noted that it would only have half of its designated capacity because the rest has been used for domestic needs. The Russian leader also warned the West that its plan to cap the prices of Russian

Natural gas soars 700%, becoming driving force in the new cold war

In short, natural gas now rivals oil as the fuel that shapes geopolitics. And there isn't enough of it to go around

Russia's Gazprom says will halt gas supplies to Netherlands from today

Russia's Gazprom Export has said it would suspend gas supplies to Dutch energy company GasTerra from Tuesday due to its refusal to pay in rubles

Ukraine crisis: Russia cuts gas supplies to unit seized by Germany

Moscow prohibited dealings with Gazprom Germania and its various subsidiaries now under the control of Germany's energy regulator

EU energy ministers meet to discuss Russian gas, sanctions over Ukraine war

The European Commission is working on a sixth round of measures which could include oil restrictions, but Russia-dependent countries like Hungary and Slovakia are wary of taking tough action

Azerbaijan to increase natural gas supplies to Europe by 30% in 2022

Azerbaijan exported 2.6 bcm of natural gas to Europe in the first quarter of 2022

Why Bulgaria and Poland can withstand Russia cutting off their gas supply

By cutting off gas supplies, Russia has landed its latest economic blow against Poland and Bulgaria. But with international support, it is a blow that can be withstood.

EU ready to face suspension of Russian gas deliveries: Ursula von der Leyen

The Russian gas supplier Gazprom announced earlier on Wednesday that it was fully stopping its gas deliveries to Poland and Bulgaria, due to the two EU member states' "failure to pay in rubles"

Ruble hits over 2-year high vs euro as Russia halts some gas supplies

The rouble soared to a more than two-year high against the euro in Moscow trade on Wednesday, supported by existing capital controls and upcoming income tax payments

UK allows gas payments to Gazprombank until May 31 to ensure EU supplies

The licence permits an individual or company to continue payments under contracts that began before April 21, 2022 and allows actions such as opening and closing bank accounts to make such payments

Europe pursues payment response as Russian gas supply threat eases

European governments and companies worked on a common approach on Friday to Russia's demand that they pay for its gas in roubles as the threat of an imminent supply halt eased.

Putin, Scholz discuss gas payment issues, Russia-Ukraine peace talks

Russian President Vladimir Putin discussed gas payment issues and Russia-Ukraine talks during a telephone call with German Chancellor Olaf Scholz on Wednesday.Putin informed Scholz about the substance of the decision to switch to Russian rubles in gas transactions, for Germany in particular, and reiterated that the move was taken in response to a violation of international law, namely after EU member states froze the foreign exchange reserves of the Bank of Russia."It was noted that the decision taken should not lead to a deterioration of contractual obligations for the European companies importing Russian gas," the Kremlin said.The two leaders also exchanged views on the latest round of talks between Russian and Ukrainian representatives in Istanbul, and addressed issues related to the safe evacuation of civilians from combat zones, primarily from Mariupol.

Russia gas supply to Europe may see complete halt as ruble deadline nears

Vladimir Putin's recent order to charge "unfriendly" countries in rubles for Russian gas has boosted the currency after it fell to all-time lows when the West imposed sanctions against Moscow

Ukraine crisis: Asian LNG prices slide amid stable European gas flows

Market players remain concerned over the risk of Russian supply disruption amid a tense geopolitical situation following Moscow's invasion of Ukraine

Russia-Ukraine crisis: A lack of gas storage infra may come to haunt India

The lack of storage infrastructure will weaken India's energy security and delay the transition to clean fuel

GAIL advances US gas supplies, eyes new deals to meet India's energy needs

India's No 1 gas transporting and marketing firm has long-term liquefied natural gas (LNG) supply contracts from the US to Australia and with Russia, supplementing domestic gas supplies