Five energy firms invest in Gazprom’s gas pipeline

Five European energy companies are to invest as much as €950 million (£807m) each to fund Gazprom’s gas pipeline. ENGIE, OMV, Shell, Uniper and Wintershall have signed financing agreements with Nord Stream 2 AG, the company responsible for the planning, construction and operation of the Nord Stream 2 pipeline. The 1,220-kilometre pipeline will have the […]

Gazprom’s gas exports to Europe hit record high in 2016

Russian state giant Gazprom’s gas exports to Europe hit an all-time high last year, up by 12.5%. It totalled 179.3 billion cubic meters, CEO Alexey Miller told Vladimir Putin during a meeting at the Kremlin. Around 17.8 billion cubic meters of gas was delivered to the UK in 2016. Gazprom states: “This historic achievement is […]

EU allows Gazprom more access to OPAL gas pipeline

The European Commission has lifted the cap on Gazprom’s use of the OPAL gas pipeline. The pipeline takes gas from North Germany’s Nord Stream Baltic sea to end users in the country and Czech Republic. Gazprom was only allowed to take 50% of the pipeline’s capacity to prevent it from dominating the supply infrastructure. Because of this, […]

Gazprom to secure gas supplies for Armenia this winter

Gazprom has announced it will be securing “reliable” gas suppliers to consumers in Armenia this winter. Gas reserves accumulation continues at the Abovyanskoye underground gas storage facility with the purpose of easing peak loads. The news comes as Alexey Miller, Chairman of the Russian company’s Management Committee met with Armenian Prime Minister Karen Karapetyan last […]

Gazprom Energy buys into huge solar deal

Gazprom Energy has signed a contract to buy 40MW of solar power annually. Under a 15-year deal, the Russian company will purchase renewable electricity from four sites owned by Canadian Solar. It is expected that up to 600MW of renewable electricity will be traded between the two companies. The agreement will also give the firm the […]

Gazprom to offer gas to Europe at export auction

Gazprom Export has announced it intends to hold a gas sales auction for Europe this year. The third auction will take place on 31st August, 1st and 2nd September for supplying Russian gas to Europe during winter 2016/17. The company stated: “Like in the first auction completed in September 2015, gas will be offered at the delivery points Greifswald, […]

Lithuania loses €1.5bn claim against Russia’s Gazprom

Lithuania has lost a €1.5 billion (£1.2bn) compensation claim against Russian energy giant Gazprom in a dispute over natural gas prices. According to Gazprom, the Arbitration Institute of the Stockholm Chamber of Commerce (SCC) “rejected all claims made by Lithuania” with respect to the terms of buying Russian gas. In 2012, Lithuania said it had […]

Gazprom sells 420mcm of gas at auction for Baltic States

Gazprom has sold 420 million cubic metres (mcm) of natural gas at an auction. The Russian energy giant hosted its second auction, this time for the Baltic States, in which more than 560mcm of gas was offered. Alexander Medvedev, Deputy Chairman of Gazprom’s Management Committee said the firm sold “more than three quarters of the whole volume […]

Russia and China sign gas pipeline deal

Russia’s Gazprom has signed a gas pipeline agreement with Chinese state-owned company CNPC. It includes the design and construction of the cross-border section of the ‘Power of Siberia’ pipeline, including its submerged crossing under the Amur River. “The document was signed within the Sales and Purchase Agreement for the Russian gas supply to China via […]

Gazprom to boost gas projects in Belarus

Russian energy giant Gazprom is to boost gas projects in Belarus. The company’s Chairman Alexey Miller and Belarus’ Deputy Prime Minister Vladimir Semashko have agreed to increase underground gas storage (UGS) capacity in the country. Both parties aim to increase the maximum gas delivery by 9.7% daily – up to 34 million cubic metres. The operating gas […]