Wednesday, June 23, 2021
The European Union has no plans to restrict oil and gas supplies from Russia, said Josep Borrell, the Union's High Representative for Foreign Affairs and Security Policy. The EU could buy fuel from other countries, but it won't. Oil and gas supplies from Russia will decrease on their own due...
On the European markets, the cost of natural gas reached $ 360 per thousand cubic meters and continues to grow against the background of low reserves in underground gas storage facilities (UGS), Russian media reported. During the summer, gas prices exceeded the February high by almost $100. The cost of gas...
Gazprom intends to finance the gasification program in 2021 by placing perpetual bonds for 150 billion rubles, said Famil Sadigov, deputy chairman of the Gazprom board. "This year, we will issue an additional 150 billion rubles to finance the gasification. That is, we will finance gasification, not at the expense...
Boiler houses in St. Petersburg will completely switch to natural gas by 2025, said the Governor of St. Petersburg Alexander Beglov at a meeting with Deputy Prime Minister Alexander Novak, Russian media reported. "The level of gasification in St. Petersburg is one of the highest in Russia - over 95%....
The price of Russian export oil Urals rose for the first time since May 22, 2019, going above $70 per barrel during trading on June 11, Russian media reported. Thus, on June 11, the price of Urals crude oil rose to $70.1 per barrel in north-western Europe (CIF Rotterdam), and...
After the launch of the Nord Stream 2 gas pipeline, Kyiv expects to receive compensation, Ukrainian Minister of Foreign Affairs Dmytro Kuleba said in an interview with the German newspaper Die Welt. According to the diplomat, the intention of the US to compensate Kyiv for the losses from the launch...
Global oil demand will recover to pre-pandemic levels only by the end of 2022, for the first time exceeding 100 million bpd. This is stated in the June report of the International Energy Agency (IEA). In this scenario, OPEC + countries will need to ease restrictions on oil production...
Russian President Vladimir Putin signed a law which enables the Russian population to have a free gas connection gas. The distance from the gas distribution network to the consumer's site should not be more than 200 meters, and the volume of gas consumption should not exceed 7 cubic meters of...
Global oil demand this year will continue to recover at 6 million barrels per day, OPEC's June report said, confirming the forecast it made in May. According to OPEC data, global oil demand this year should amount to 96.58 million bpd. In its report, OPEC predicts that in the second half...
The program of social gasification of Russian regions may include 1.5 million houses, and the final list will be released in the next two weeks, General Director of Gazprom Mezhregiongaz Sergei Gustov said during the video conference Gasification of Russian Regions. “On the instructions of the Ministry of Energy, in...

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