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.
According to EU documents, the cut-off date for the use of Russian gas in the Community is 2046.
The US Department of Defense has banned US troops stationed in Europe from buying Russian any energy resources, effective as of now.
“Hungary is ready to enter into a new long-term contract with Russia’s Gazprom,” Foreign Affairs and Economic Relations Minister Péter Szijjártó said.
It seemed that the construction of Gazprom’s gas pipeline was a foregone conclusion, but now the White House is appointing its own special representative for Nord Stream 2 just as the Russians are announcing that they are “a few weeks away” from completing the project.
In January-July, 2021, Gazprom’s gas exports to the Far Abroad countries reached 115.3 bcm.
Russia is consistently implementing its strategic goal of dominating Europe’s gas market. After winning the Nord Stream 2 case, Gazprom will launch a major new gas investment.
Gazprom CEO Alexey Miller does not rule out the possibility of increasing the volume of gas transit through the territory of Ukraine above its current obligations after the expiration of the contract for pumping gas in 2024.
The Board of Directors of PAO NOVATEK resolved to create a subsidiary called NOVATEK – LNG Fuel, which will construct small-scale LNG plants, facilitate LNG wholesale markets and develop a retail network for LNG as a motor fuel.
In January-June 2021, Gazprom produced 260.8 bcm, which is 18%, or 39.8 bcm, more than in the first half of 2020.