Germany to examine Nord Stream gas turbine

Germany to examine Nord Stream gas turbine: The German Chancellor, Olaf Scholz, intends to stop in at the facility where the Nord Stream 1 gas turbine is stored following maintenance. The turbine has been the focus of a dispute between Russia and Europe regarding the announced indications of its arrival during Gazprom’s allegations in respect…
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Latvia’s response for Russia’s gas cutting

Latvia’s response for Russia’s gas cutting Latvian officials have reassured homes & businesses that there will be no major interruption to energy security after Russia’s choice to wipe out gas supplies to the country. “Today, Gazprom stopped its gas supplies to Latvia specified in the July request due to a violation of the conditions established…
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Oil prices to reach $380 a barrel if Russia cuts more off

Oil prices to reach $380 a barrel if Russia cuts more off: Experts have cautioned that oil prices could soar to ‘stratospheric’ levels because of sanctions imposed by Western countries. If Russia responds to sanctions with reductions in crude oil output, the authors of a current report by JP Morgan Chase forecast that worldwide oil…
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Gazprom refuses to pay shareholders this year

Gazprom refuses to pay shareholders this year All shareholders of Russian majority state-owned Gazprom will not get dividends on last year’s financial results. This marks the first time the energy giant chose not to pay dividends since the date 1998. Gazprom’s Deputy Chief Executive Officer Famil Sadygov stated: “The shareholders decided that in the current…
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Russia gas cuts have a large impact on Uniper

Russia gas cuts have a large impact on Uniper Energy group Uniper, which holds and conducts eight power plants all across the UK, including hard coal power plant Ratcliffe-On-Soar in Nottinghamshire, is reportedly in talks for a potential bailout. In past weeks, the cut gas movements from Russia had a large impact on the company’s…
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Higher energy prices due to Nord stream gas reductions.

Higher energy prices due to Nord stream gas reductions. Analysts have estimated extra steep inflations in energy costs as a conclusion of Russia’s move to cut streams through the Nord Stream pipeline. That’s one of the discoveries of a new article by Wood Mackenzie which indicates high costs resulting from the restrictions will inevitably lead…
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Council thinks about staying with Gazprom contract

Council thinks about staying with Gazprom contract: Portsmouth City Council is set to make a U-turn on its agreement to end its gas contract with Gazprom before its late date. Local authority leaders will be asked to relinquish their decision to axe the contract because the UK arm of the company does not have ties…
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Nord Stream gas flow reductions again in EU

Nord Stream gas flow reductions again in EU Russia‘s energy giant Gazprom has said it is limiting once more the amount of gas to Germany to under 70 million cubic metres per day. Normally, the amount of gas supply is 167 million cubic metres per day. Yesterday, the company unveiled a major cutback in the…
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Rescue plan in the works for Gazprom Germania

Rescue plan in the works for Gazprom Germania A multi-billion Euro German rescue package is reportedly in preperation for Gazprom Germania, a subsidiary of the Russian energy giant that was dropped by the group earlier this year. According to Reuters talks are presently at a final stage and a deal for up to a €10…
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