Nord Stream

"Gazprom" with Record Profits

Russian state-backed energy company Gazprom is ready to pay the Kremlin 2.5 billion rubles after posting record profits.

The company reported a net profit of 2.5 billion rubles for the first six months of this year. Oil and gas prices rose during that period, pushed up by supply concerns following Russia's invasion of Ukraine.

Gazprom halts pipeline gas flow in new jitters for Europe

Russian energy giant Gazprom cut off its gas supplies to Germany via the Nord Stream 1 pipeline for maintenance work on Wednesday, further raising tensions on an already taut electricity market.

Entsog, the operator of the pipeline, announced that gas deliveries had been halted shortly before 0600 GMT.

Are East Mediterranean Gas Resources the Solution to Europe's Energy Crisis?

The Russian invasion of Ukraine more than 6 months ago has caused a dramatic spike in natural gas prices and caused repeated energy shocks in Europe. The EU has accused Moscow of using energy as a weapon, while Russia denies this and blames western sanctions for the drop in exports.

Price of Natural Gas in Europe reached 341 Euros per megawatt hour

The price of natural gas on the Dutch exchange TTF reached 341 euros per megawatt hour yesterday, and electricity supply contracts in Germany and France broke all records. Against this background, the Czech Presidency of the European Union announced that it is preparing an extraordinary meeting of energy ministers.

Ukraine has offered its Gas Pipelines to Europe if Nord Stream 1 is Halted

Ukraine has offered to provide its gas transmission network for the delivery of Russian gas to Europe after Nord Stream 1 has been failing so much lately and constantly having to shut down the gas on it.

"Gazprom" announced that it will stop the gas on this pipeline again for a technical inspection from August 31 to September 2.

‘Maintenance’ to halt Nord Stream gas for 3 days: Gazprom

Russian gas deliveries to Europe through the Nord Stream pipeline will cease from August 31 to September 2 for "maintenance", Russian energy giant Gazprom has said, raising the prospect of energy shortages in Europe.

European gas prices soared to a new record high at the close of trading on Aug. 19 after Gazprom's announcement.