Nord Stream 2

The head of the company, Mario Meren, did not comment on whether it is possible to nationalize Wintershall Dea’s shares in Russian enterprises Germany’s Wintershall Dea is in negotiations with Gazprom regarding its exit from joint ventures in Russia. This was stated by the head of the company, Mario Meren, …

Wintershall Dea AG’s Management Board has decided not to advance or implement any additional gas and oil production projects in Russia and to write off its financing of Nord Stream 2 totalling around 1 billion euros. • No further projects in Russia will be advanced or implemented • Payment transactions …

Germany’s announcement that it has suspended the certification process of the contentious Nord Stream 2 (NS2) pipeline has thrown a geopolitical spanner in the works. The recently completed pipeline, which runs under the Baltic Sea from Russia to Germany, has sat front and center in the broader geopolitical conflict brewing …

An escalation of military tensions between Russia and Ukraine could put up to 155 billion cubic meters per year of natural gas imports to Europe at risk, if the conflict causes Russia to halt deliveries, Rystad Energy research estimates. The figure corresponds to 30% of Western Europe’s annual gas demand. …

Europe needs gas, but it is in no hurry to launch Nord Stream 2, which was built back in September. Although only the news of the timing of the start of its work could reduce the exchange gas prices, breaking records since mid-summer 2021. The official reason for the delay is the …

Europe must agree with Russia on long-term gas supply contracts and use the capacity of Nord Stream 2. This was stated by the Prime Minister of the Czech Republic Andrei Babis. The Nord Stream gas pipeline is an investment of money from Gazprom and Western European companies. It was built and should …

The Gazprom Management Committee took note of the information about the impact of the events of 2021 on the long-term outlook for the global energy market. This year’s most significant trends are economic recovery and growth in energy consumption. According to preliminary estimates, global gas consumption is going to rise by 150 billion cubic meters to 4.2 trillion cubic meters in 2021. …

The parties discussed ongoing and future cooperation, including Russian gas supplies to Germany. It was noted that the amount of gas exports to the country was maintained at the level of the previous year due to warm February weather. Between January 1 and February 12, Gazprom delivered an estimated 7.7 billion cubic meters of gas to Germany, an increase of 0.7 per cent against …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, took place in St. Petersburg today. The parties reviewed current issues related to cooperation. It was noted that 2018 had been marked by the signing of documents that were of strategic importance for further interaction in a wide range of areas. Particular attention …

The Gazprom Board of Directors took note of the information about the impacts of the events of 2018 on the long-term outlook for the global energy market. It was highlighted that the growth in natural gas consumption around the world continued unabated. In 2016–2017, it added more than 3 per cent on a yearly basis. The growth rate for 2018 may be even higher. One of the …