Russia & CIS

Global News December 2021

German Regulator Stalls Nord Stream 2, Ida Reduced Gas Production More Than Any Hurricane in Past Decade, Israeli Energy Minister Proposes Ending UAE Pipeline Deal and more are included in this month's global headlines.

Kremlin Hopes Belarus Won't Stop Gas Transit to EU Amid Migrant Crisis

Russia hopes Belarus will not suspend gas transit to Europe, the Kremlin said on Wednesday, after Belarusian President Alexander Lukashenko threatened to block shipments as part of a crisis over migrants at the border.

Ukraine's Naftogaz Says Russia-EU Gas Transit Deal May Not be Renewed

Ukraine's state energy firm Naftogaz has no power to halt the Nord Stream 2 pipeline being built between Russia and Germany, despite its role in the certification process, while its own transit deal with Russia may not be renewed.

Gazprom Reports Record Quarter Profits on Surging Gas Prices

Russia's Gazprom reported a record quarterly net profit of 581.8 billion roubles ($7.8 billion) for the third quarter reflecting high natural gas prices and said it expected even higher earnings in the last three months of the year.

Germany Said to be Working with US on Nord Stream 2 Deal

Germany's foreign ministry said it continued to coordinate closely with the U.S. administration on implementing a joint declaration on the $11 billion pipeline.

Moldova Settles Debt for Gas to Russia, Averts Energy Crisis

Moldova has paid for Russian natural gas it received in October and the first half of November, Moldovagaz said in a statement, averting a possible crisis over a payment dispute.

Gazprom Nearly Doubles Planned Investments to $24 Billion in 2022

Russian gas giant Gazprom said its management has approved investments worth 1.76 trillion roubles ($24 billion) for 2022, up from initial plans of 902 billion roubles for 2021, to fund new production and refining hubs.

Delay to Nord Stream 2 Pipeline May Be Short - Analyst

The suspension of the approval process for the Russian Nord Stream 2 pipeline by a German regulator could be short-lived as Europe is hungry for more gas, an analyst said after meeting officials of Russian state gas giant Gazprom.

Russia Agrees to Extend Deadline for Moldova's Gas Payments

Russian gas giant Gazprom said it agreed to continue gas exports to Moldova despite its inability to pay for the gas on time, extending a payment deadline and averting an energy crisis in the ex-Soviet state, at least for now.

Gas Flows to Germany Via Yamal Pipeline Steady Amid Price Volatility

Russian natural gas flows through the Yamal-Europe pipeline to Germany have been steady for the past 24 hours on Friday, data from Gascade showed, while gas prices have been volatile amid the uncertainty over a major pipeline.

Russia Says Repairs Complete on Oil Pipeline in Belarus, Pumping to Resume

Russia's Transneft pipeline monopoly said repairs were complete on a section of the Druzhba oil pipeline in Belarus and that oil pumping would resume on Thursday evening, the RIA news agency reported.

German Regulator's Nord Stream 2 Move May Delay Commissioning to March

A German regulator's decision to suspend licensing of the Nord Stream 2 pipeline from Russia to Germany could delay commissioning of the infrastructure until March next year, government sources said.

Ukraine Sees No Sign of Bigger Russian Gas Supply to Europe

Ukraine's state-run gas transmission system operator said there was no sign that Russian energy giant Gazprom planned to export additional gas to the Europe Union next year, based on the results of pipeline capacity auctions.

German Regulator Puts Brake on Nord Stream 2 in Fresh Blow to Gas Pipeline

Germany's energy regulator has suspended the approval process for a major new pipeline bringing Russian gas into Europe, throwing up a new roadblock to the contentious project and driving up regional gas prices.

Ukraine Will be Part of Nord Stream 2 Certification Process -German Regulator

Germany's energy regulator said on Monday Ukrainian gas companies Naftogaz and GTSOU were given notice that they will be included in the ongoing German certification procedures of the Nord Stream 2 gas pipeline.

Russian Gas Flows to Germany Rise Despite Belarus Threat

Russian gas flows through a key pipeline to Germany rose on Monday with no sign that Belarus's president had acted on his threat to cut off supplies to the European Union as winter approaches.

Russian Gas Flows Via Yamal Pipeline to Germany Rise Over the Weekend

Russian gas flows towards Germany via the Yamal-Europe pipeline rose over the weekend, preliminary data showed, with no signs of being impacted by a political standoff between Belarus and the European Union.

European Gas Prices Ease as Kremlin Soothes Fears

European spot gas prices eased after the Kremlin said that Belarus had not consulted Moscow before threatening to reduce flows of natural gas to Europe, adding that Gazprom remained a reliable gas exporter.

Russian Gas Flows to Germany via Yamal Pipeline Unchanged

Russian gas continued flowing via the Yamal-Europe pipeline to Germany at Thursday levels, preliminary data from German network operator Gascade showed, below volumes seen earlier in the week when Gazprom started to increase supplies to refill its storage.

Belarusian Leader's Warning Causes New Concern in Europe About Gas Flows

A warning by Belarusian President Alexander Lukashenko that he could halt Russian gas flows through his country to Europe in a dispute with the European Union posed a new threat to already tight European supplies on Thursday.

Russian Gas Flows Via Yamal-Europe Pipeline Continue Westbound

Russian gas flows via the Yamal-Europe pipeline continued running westbound towards Germany on Thursday, as Gazprom refills its European storage, preliminary data from German network operator Gascade showed.

Blinken Meets Ukraine Official, Warns Russia on NatGas Supplies

The United States is watching for signs that Russia may be using energy as a political tool in Europe's energy crunch, Secretary of State Antony Blinken said, adding that Washington was committed to taking appropriate action if Moscow were to take that path.

US Republicans Renew Push to Sanction Nord Stream 2 Pipeline

A group of U.S. Senate Republicans said they introduced legislation that would impose mandatory sanctions on Nord Stream 2, a Russian-backed natural gas pipeline that opponents believe would be harmful to U.S. allies in Europe.

Russia Increases Gas Flows to Europe, and Prices Fall

Russia increased its flow of gas to Europe via Poland and Belarus as well as Ukraine on Wednesday, easing some of Europe's concerns about tight supplies before winter and pushing down wholesale prices.

Wholesale Gas Prices Ease in Europe as Russian Gas Flows Resume

Wholesale gas prices fell in Europe on Tuesday after Russian gas flows resumed to Germany, raising hopes that Moscow is carrying out a pledge to increase supplies and ease concerns about shortages before winter.

Jitters in Europe as Russia Shows No Sign of Increasing Gas Supplies

Russia showed no sign on Monday of carrying out an order by President Vladimir Putin to pump more gas to Europe, deepening European concerns about tight supplies, high prices and energy dependence on Moscow as winter looms.

Russian Gas Flows Via Yamal-Europe Pipeline to Germany Halted Again

The reversal of gas flows through one of the three major pipelines carrying Russian gas into western Europe is the second time the situation has developed in a matter of days.

Russian Gas Flows to Germany Through Yamal Restart, Sending Prices Lower

Gas flows from Russia to Germany via the Yamal pipeline started up again on Thursday afternoon, finally sending European gas prices lower since Russian gas has not flowed to Germany via the pipeline since Saturday.

Russian Gas Pipeline Stuck in Reverse in Europe

A major Russian pipeline that supplies natural gas to Europe remains stuck in reverse after requests to transport gas westwards through it into Germany were abruptly withdrawn, data on the website of its German operator showed.

Russia's Yamal-Europe Pipeline in Reverse Flow Mode for 4th Day

The reversal, which neither Russia's Gazprom, Poland nor Germany have fully explained, has added to market nerves at a time when gas prices have skyrocketed in Europe.