Wednesday, July 6, 2022
The exchange price for gas in Europe is going down: the cost of November futures fell by 5 percent - to almost a thousand dollars per thousand cubic meters, Russian media inform. Earlier it became known that Gazprom is ready to start pumping fuel into European storage facilities in November,...
The German economy will require gas for a long time, and this is a must for the transition to renewable energy, according to Olaf Scholz, the leader of the German Social Democrats, who is running for Chancellor of the Federal Republic of Germany, RIA reports. "We must ensure that development...
According to the objective scenario in Russia's draft strategy for low-carbon growth by 2030, electricity prices could rise by 4%, said the chairman of the Ministry of Economic Development, Maxim Reshetnikov, who made this prediction, Kommersant reports. Prices are predicted to grow by 26% by 2050, according to him. The...
France's plan to freeze gas prices until the end of 2022 violates market pricing principles, yet this approach has already become common in other European nations when it comes to energy. Furthermore, as Rossiyskaya Gazeta points out, it is a violation of these norms that has become the primary...
Russia remains the only gas supplier capable of significantly helping Europe in the fight against the energy crisis, said Amos Hochstein, senior adviser to the US State Department for energy security, Russian media informed. According to Hochstein, the opinion is also shared by the International Energy Agency (DOE). “I have...
The Moldovan state-owned company Energocom and the Polish state-owned PGNiG signed a contract for a trial purchase of 1 million cubic meters of gas. This is the first purchase of gas from alternative sources, the press service of the country's government said, Russian media reported. The tender was announced on...
While Europe is complaining about high gas and electricity bills, the Chinese people are suffering from power outages, according to Rossiyskaya Gazeta. According to Alexander Kurdin, an analyst at the Russian Government's Analysis Center, China's usage of energy has exceeded estimates due to a frigid winter and a scorching summer....
The conclusion of long-term contracts with Russia for gas supplies is beneficial to the EU countries and it is necessary to return to this state, French Foreign Minister Clement Bon told French state TV channel France-3. Russian Deputy Prime Minister Alexander Novak previously named the main mistakes of the EU...
Ukraine does not have enough coal and gas to survive the winter, the Ukrainian Ministry of Energy warned, Russian media reported. The largest thermal power plants in Ukraine are already shutting down due to a lack of coal. There is not enough gas in Europe, and the EU authorities cannot...
Naftogaz Ukraine is ready to provide additional gas transit from Russia to the EU through the gas transportation system of Ukraine in the amount of up to 55 billion cubic meters per year, Russian media reported. This would be done with "approximately 151 million cubic meters per day on special...

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