Russia’s pipeline gas flows to Europe collapsed in 2025 after Ukraine transit ended, leaving TurkStream as the sole remaining route amid the EU’s phaseout of Russian energy.
Gazprom is in talks with MOL over selling its majority stake in Serbia’s NIS as U.S. sanctions halt payments and disrupt crude and gas supply routes in the Balkans.
Rising volumes of crude stored on tankers are emerging as a bigger threat to oil prices than geopolitical flashpoints, signaling a growing global supply imbalance that could weigh on markets into 2026.
The European Parliament approved legislation to phase out Russian pipeline gas by 2027 and LNG by 2026, marking a major shift in Europe’s gas supply strategy amid ongoing geopolitical tensions.
Despite a memorandum signed during President Putin’s visit to China, experts note pricing disputes and complex logistics could delay progress on the cross-border project.
SOCAR and Hungary’s MVM ONEnergy signed a new natural gas supply deal effective January 2026, expanding Azerbaijan’s pipeline exports to Europe and strengthening regional energy ties through the South Caucasus and TANAP systems.
The operator of the TurkStream gas pipeline will move its headquarters from the Netherlands to Hungary under a deal ensuring gas deliveries to southern Europe continue despite sanctions on Russian energy.
U.S. senators say weak enforcement of U.S. sanctions on Russia’s Arctic LNG 2 project is allowing discounted Russian LNG to reach China, generating billions in revenue for Moscow’s war in Ukraine. Lawmakers are pressing the Trump administration for stricter energy sanctions as Russian cargoes continue moving through global LNG markets.
Condor Energies has reached total depth on its first horizontal well in Uzbekistan and delivered strong gas flow from two new Jurassic workovers, pushing production to nearly 12,000 boe/d.
U.S. and Bosnian officials are advancing plans for the South Interconnection pipeline, a U.S.-backed project that would bring LNG from Croatia’s Krk terminal to Bosnia and cut the country’s reliance on Russian gas.
The IEA says the next LNG wave is reshaping global gas markets, easing tight pipeline supply and helping Europe balance declines from Russia and Norway. Demand remains weak in Asia, but is expected to rebound by 2026.
Emergency crews in Russia’s Omsk region contained a fire on an underground gas pipeline after an incident occurred during repair work, authorities said. No injuries or threats to nearby communities were reported as investigators review the cause.
China received its 14th LNG shipment from Russia’s sanctioned Arctic LNG 2 project, with the Arctic Mulan delivering to Beihai terminal in Guangxi, data from LSEG and Kpler show.
Slovak refiner Slovnaft says Croatian operator JANAF has cut non-Russian crude deliveries, threatening Central Europe’s fuel supplies. JANAF denies breaching its contract, citing normal operations.
Lukoil has started diverting Caspian crude shipments from Azerbaijan’s Baku port to Russia’s Makhachkala terminal to avoid Western sanctions, shifting roughly 130,000 tons per month away from Azeri routes.
You can change it with picker below or later using the switch located in the footer.
