IMG.gif
Geopolitics

Russia Bids for Long-Term Contracts Amid Gas Crisis

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
pipelines/nord-stream-2.jpg

Russian energy officials have repeatedly stated that surging prices in Europe are not good for producers or the gas industry on the whole. Yet Gazprom, while fulfilling contractual obligations, has not piped additional gas to ease the market. Moscow now says it is ready to help Europe stabilize the market and announced an end to domestic storage injection by around Oct. 20 — moves that could reflect sensitivity to the criticism it has faced. But it’s also insisting that Europe back any demands for more gas with new long-term contracts to help protect Russian upstream investments during the EU's low-carbon transition.

Topics:
Security Risk , Gas Supply, Gas Prices, Trade, Gas Pipelines
#
The sharp cut in flows via the Nord Stream pipeline last week raised concerns of Russia weaponizing its gas supply.
Thu, Jun 23, 2022
The EU is reviewing gas market designs after setting up a joint purchasing platform while it seeks alternative suppliers to Russian gas.
Sat, Jun 25, 2022
The trajectory of US-China relations over Taiwan appears at risk of heading for direct military confrontation.
Thu, Jun 23, 2022