Gazprom

In 2022, solar and wind power account for around 22% of EU electricity generation, the highest share in the EU to date. At the same time, the production of electricity from gas represents 20%, which is 1 pp. less than in 2021. This is reported by DPA, referring to a study by the Ember think tank.

A financial audit report by the Court of Accounts in Moldova on the economic activity of Moldovagaz, Gazprom's subsidiary in Moldova, revealed dubious "non-compliant" expenses of over 2 billion Moldovan lei [100 million euros] between 2011 and 2021.

 European countries will eventually resume higher imports of Russian gas, Qatar's energy minister and gas company CEO predicted on Saturday, warning that market volatility could last for years.    

Russian gas exports to Europe plunged after Moscow's invasion of Ukraine but Saad Sherida al-Kaabi, head of QatarEnergy, said the situation could change in the future.    

Azerbaijan has confirmed the supply of 12 billion cubic meters of gas to the EU in 2023, DPA reported, quoted by BTA.

The country will export a total of 24 billion cubic meters of gas in 2023, half of which will go to Europe, Azerbaijani President Ilham Aliyev said on state television.

So far, 8.1 billion cubic meters have been delivered annually.

"Bulgargaz could be sued by Russian energy giant Gazprom in an arbitration case, risking paying hundreds of millions of dollars." This was stated by the Acting Energy Minister Rosen Hristov during the parliamentary control.

Natural gas in Europe continues to fall in price at the start of the new year, falling below €70 per megawatt-hour (MWh) for the first time since the beginning of the military invasion of Ukraine, which Russia launched on February 24, 2022.

"Unless something happens with the war, I expect that the peak of inflation has passed, thanks to fuel and electricity prices, I don't expect them to go up". This was stated by the caretaker Minister of Economy and Industry Nikola Stoyanov on BNT.

"With the eighth package of sanctions against Russia, the EU is actually introducing a first package of sanctions against Serbia, which depends on Russian oil supplies through Croatia", Serbian Interior Minister Aleksandar Vulin said.

Berlin said on Sept. 16 it had taken control of the German operations of Russia firm Rosneft, which runs several refineries, to secure energy supplies which have been disrupted after Moscow invaded Ukraine.

Acting Minister of Defense Dimitar Stoyanov confirmed the information that Ukraine is making a counteroffensive in the military clash with Russia. According to him, it is still too early to say whether the tide of the war has been turned.

Ukrainian general reported that his troops were advancing north towards the Russian border. Read more here.