A collection of 15 posts
Croatian Economy Minister Ante Susnjar said state-owned oil pipeline operator Jadranski Naftovod (Janaf) could acquire Russia’s stake in Serbian oil company Naftna Industrija Srbije (NIS), calling the potential deal a “natural business symbiosis”, local media reported. Janaf transports around 80% of the crude oil refined by NIS at its
As political landscapes shift across Central and Eastern Europe (CEE), governments are recalibrating their approaches to Ukraine, European security, and internal governance. The region remains split between pro-European integration and nationalist, often pro-Kremlin, forces: Czechia and Poland reinforce their commitments to Ukraine, while Hungary and Slovakia align with Moscow. Meanwhile,
The Bulgarian Parliament, with cross-party support, swiftly abolished a special tariff on Russian transit gas this week, after Hungary threatened to veto its Schengen membership bid. Hungarian Foreign Minister Peter Szijjarto said Bulgaria’s decision to impose an additional tax on natural gas transiting through its territory to North Macedonia,
Net4Gas, Czechia’s natural gas transmission system operator, had not received its contracted monthly payment from Russian state-owned Gazprom by 4 January, Czech Industry and Trade Minister Jozef Sikela announced. Gazprom contracts made up 75% of the revenues of Net4Gas in 2021. In an official filing Net4Gas stated that it
The forint rebounded against both the US dollar and euro late Monday, on news that Russian-state-run energy company Gazprom has agreed not to collect payment on Hungary’s gas usage this winter. As per the deal, announced by the Hungarian Energy Board MVM earlier Monday, Hungary can delay payment for
Polish officials symbolically commissioned the Baltic Pipe natural gas pipeline with Norway on Tuesday, a day that turned out to be epochal for energy in Europe. With an annual capacity of ten billion cubic metres, the pipeline opens a new North Sea channel for Norwegian gas imports via Denmark. “The
NATO’s Secretary-General Jens Stoltenberg said on Thursday that intelligence showed Russian forces in Ukraine were not withdrawing, but appeared to be regrouping, according to Al Jazeera. His assertion contradicted the Kremlin’s announcement on Tuesday that it planned to reduce military operations in Kyiv and Chernihiv, following bilateral negotiations
Efforts to reduce dependency upon Russian sources of energy within countries in Central and Eastern Europe have taken on a new urgency following Russia’s invasion of Ukraine over three weeks ago. Bulgaria’s Deputy Prime Minister Asen Vassilev says Bulgaria will not renew its contract with Gazprom when the
Germany will not allow the commencement of the operation of the Nord Stream 2 (NSII) gas pipeline if Russia steps up aggression towards Ukraine, Germany’s new Foreign Minister Annalena Baerbock said on Sunday. The Greens party politician explained that Berlin’s stance on the pipeline, which Russian state-owned energy
Natural gas shipments should continue to flowing to Moldova, as Gazprom has given Chisinau two more days to pay off what the country owes the giant Russian gas supplier. Earlier, Gazprom had threatened to close off the taps because of Moldova’s debt of EUR 74 million, an amount covering
Ahead of parliamentary and presidential elections in Bulgaria, Russian gas giant Gazprom has gone against market trends, giving Bulgaria’s state-run Bulgargaz a discount instead of an expected increase in the price the Bulgarian state-run gas company pays to purchase natural gas. Bulgargaz will receive Gazprom’s wholesale price discount
President Vladimir Putin brushed off accusations that Russian-state-owned Gazprom is responsible for soaring energy prices across Europe at an energy conference in Moscow this week. European energy commissioner Kadri Simson says Gazprom has not boosted short-term supplies of natural gas that could bring down prices. Putin insists that Gazprom is
On Wednesday, Russia’s president Vladimir Putin offered to deliver record amounts of natural gas to Europe to address rising prices and avoid an energy crisis just before the winter heating season, which sees higher demand. Recently, Europe has seen a shortage of gas supply, driving up energy prices. Some
If licensing doesn’t hold things up, the construction of an interconnector designed to help countries around the Baltic Sea diversify their sources of natural gas is scheduled to begin deliveries in the second half of 2022, according to Lithuania’s energy minister, Dainius Kreivys. Once completed, the pipeline will
Hungary has signed a long-term agreement with Russia’s Gazprom, which will supply 4.5 billion cubic meters (BCM) of natural gas over a 15-year period at a significant discount from what the country has been paying – a situation which has created tensions between Hungary and Ukraine, whose gas pipeline