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Articles with tag "Energy"

Abkhazia Appeals for Free Russian Electricity Supplies Amid Rolling Blackouts

Officials in the breakaway region said authorities in Moscow have not responded to a request for “social electricity” starting in 2025.

Serbia Warns U.S. Preparing to Sanction Energy Company Backed by Russia

Serbian President Aleksandar Vucic warned on Friday that the United States plans to impose sanctions on the country's sole gas supplier in the coming days...
2 Min read

Moldova Declares Energy Emergency Ahead of Expected Russian Gas Cutoff

The move follows Ukraine’s announcement that it will end a transit deal allowing Russian gas to flow to Europe, including Moldova, after Dec. 31.
2 Min read

Abkhazia Loses Electricity as Russian Support Dwindles

Abkhazia's energy crisis comes days after a controversial Russian investment deal that sparked protests in the Black Sea region was scrapped.
2 Min read

Energy Crisis Grips Abkhazia After Russian Investment Deal Scrapped

The crisis comes as Abkhazia’s authorities announced last week that Russia had suspended financial aid to the cash-strapped region.
2 Min read

Ukraine Claims Attack on Oil Depot in Southern Russia’s Rostov Region

The Ukrainian military claims to have struck the Atlas oil depot in southern Russia’s Rostov region, setting off a major fire at the facility.
1 Min read

Rosneft Denies Reports of Mega Oil Merger Plans

The state-backed oil giant accused journalists of trying to tarnish CEO Igor Sechin’s reputation, sarcastically referring to him as “evil Sechin.”...
1 Min read

Russian Police Arrest Current, Former Energy Officials in Fraud Probe

Anatoly Yanovsky and Sergei Mochalnikov are expected to be charged with large-scale embezzlement and abuse of power.
1 Min read

Last Window to Europe: What Happens After Ukraine Gas Transit Ends?

If this gas route is lost, it may intensify Europe's battle with Asia for liquefied natural gas (LNG) supplies and create new headaches for cash-strapped...
6 Min read

Gazprom Drops From Russia’s Most Profitable Company to Outside Forbes’ Top 100

But Forbes noted that the company’s record loss last year was “more on paper,” as Gazprom’s cash flow remained stable at $24.6 billion.
1 Min read

Russia Approves Construction of Fuel Pipeline in Congo

The pipeline was originally announced in 2017 but was then delayed due to the Covid-19 pandemic.
1 Min read

Hungary Welcomes Russia Crude Supply Deal After Ukraine Halts Lukoil Transit

Hungarian energy company MOL said it reached a deal ensuring the continued supply of Russian oil via a pipeline running through Ukraine.
1 Min read

Russian-Chinese Coal Project Hits Financing Hurdle Due to Secondary Sanctions

“Our Chinese colleagues are concerned that the process isn’t so quick and easy,” the CEO of Russia's En+ said.
2 Min read

Russia Has Enough Coal to Last Over 100 Years, Official Says

Russia’s total coal reserves are estimated at 273 billion metric tons, 46.4 billion of which is currently being extracted.
1 Min read

Gas Prices Surge as Ukraine Seizes Key Russian Route to Europe

Gazprom spokesman Sergei Kupriyanov cautioned that some analysts anticipate European gas prices could continue to rise.
2 Min read

Is the Western Quest to Strangle Russia’s ‘Shadow Fleet’ Doomed to Fail?

Over two years into the invasion of Ukraine, sanctioning Russia's energy sector — the Kremlin's main cash cow — remains an elusive task for the Western...
5 Min read

Russia-China Trade Rises by 1.6% So Far in 2024

Beijing has emerged as a major economic lifeline for Moscow since the West introduced sanctions over the full-scale invasion of Ukraine.
1 Min read

Putin Transfers Seized TGK-2 Utility to Gazprom

Gazprom subsidiaries now control almost 100 billion rubles ($1.1 billion) of confiscated assets.
1 Min read

Indonesia Seeks to Buy Russian Oil for the First Time in Decade – Reuters

State-owned oil and natural gas corporation Pertamina added two Russian oil grades alongside others to its tender lists for purchase in September.
1 Min read

Ukrainian Sanctions Halt Lukoil Deliveries to Slovakia, Hungary – Reports

Sanctions signed by Zelensky have effectively banned Russia’s second-largest oil producer Lukoil from using Ukraine as a transit hub.
1 Min read
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