The real winter, which finally set in all over Europe in early 2021, gave the Russian gas supplier a good run for its money.
Due to limited production, Europe has long been dependent on natural gas imports from other countries, with the largest volumes of EU gas traditionally flowing from Russia.
The EUGAL pipeline in Germany, the onshore extension of the Nord Stream 2 gas pipeline, can now move up to 55 billion cubic metres of natural gas per year.
Polish Oil and Gas Company (PGNiG) received the fifth cargo of liquefied natural gas at the LNG reloading station in Klaipeda.
Chairman of Russia’s Gazprom Supervisory Board Viktor Zubkov stated with confidence that the Nord Stream 2 gas pipeline would be completed this year.
Several countries dominate the world’s natural gas supply, with total production reaching around 4 trillion cubic metres in 2019.
The British government outlined an agreement with the fossil fuel industry to move away from extracting oil and gas from waters around the UK.
The Russian oil and gas giant closed the last year with a massive loss – the equivalent of $9.3 billion.
The EU Court of Justice’s advocate has upheld the EU court decision on OPAL, the onshore extension of the Nord Stream pipeline.
Work to lay Gazprom’s gas pipeline to Germany in Danish waters is due to start in late March. The mainline is expected to be ready by September’s end.