Energy policy of Russia

Germany's 100% Gas Storage Fills, Prices Fall 4.5%!

Germany's natural gas storages are filled to 100 percent of their capacity, according to a report by the Association of European Gas Infrastructure Operators (Gas Infrastructure Europe - GIE). The capacity of the facilities in Germany is reported to be at 100.03% based on preliminary data, with allowances for changes in gas volume due to temperature variations.

For the Winter: Bulgaria filled 90% of its Gas Storage Facility in Chiren Ahead of Schedule

The Bulgarian gas storage in Chiren is 90% filled with gas more than two months earlier than the deadline set by the EU to secure stocks for the winter.

Data published on the platform of the non-governmental organization Gas Infrastructure Europe on Friday showed that the target was reached on August 16, at the same time as the EU average of 90% occupancy was reached.

Russia says oil sales to India soar

Russian oil sales to India surged more than twentyfold last year as European buyers turned to other markets following the conflict in Ukraine, Russia's deputy prime minister said yesterday.

Russia shifted its oil exports to India and China last year as European Union nations sought to end their reliance on Russian energy supplies after Moscow sent troops into neighboring Ukraine.

Turkey to host summit of gas buyers, sellers next month

Turkey will hold a natural gas summit on February 14-15 to bring together gas supplier countries and Europe's consumer countries in Istanbul, Turkish Energy Minister Fatih Donmez said on Monday.

"We will bring together supplier countries from the Middle East, Mediterranean, Caspian and Middle Asia with consumer countries from Europe," Donmez said.

Europe will return to Russian gas, says Qatar energy boss

 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.    

Euro Plunges to 20-year Low after Nord Stream 1 Shutdown

Financial markets have been rattled by the shutdown of Russia's Nord Stream 1 gas pipeline, as energy pressure on European economies intensifies as winter approaches. The euro fell to a two-year low this morning in early trading on Monday after Russian energy company Gazprom extended the shutdown of its gas pipeline to Germany on Friday night.

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