More record gas prices on the EU market. On Monday, the price exceeded USD 650. There is a shortage of gas, and the storage facilities in many countries are not ready for winter.
The US Department of Defense has banned US troops stationed in Europe from buying Russian any energy resources, effective as of now.
In H1 2021, natural gas became Germany’s main source of energy for the first time ever, according to AGEB energy industry think tank.
OMV Petrom has obtained a license to commercialize liquefied natural gas, thus diversifying its activities on the gas market and related products.
The field is located 80 km to the south-west of Atyrau, the reservoir lies below the shallow waters of the northern part of the Caspian Sea.
Russian gas supplied to Europe via the Nord Stream has a carbon footprint that is four times smaller than from the US gas, Alexander Novak told reporters.
Germany is the leader of Russian pipeline gas imports in Europe. In March, Germany continued to actively increase its purchases from Gazprom.
The French energy company announced in early April that it had completed its first operation to transport liquefied natural gas using the railways.
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 Russian government has adopted a long-term programme to develop the LNG sector, envisioning a massive (triple, some sources say) increase in production over the next fifteen years.