First US shale gas shipment arrives in the UK as fracking debate rages September 27, 2016 The first ever shipment of US fracked gas is set to arrive in Britain this morning amid an increasingly fiery debate about the future of fracking in the UK. Billionaire Jim Ratcliffe's petrochemical company Ineos will take a delivery of a tanker carrying 27,500m3 of ethane at its Grangemouth plant in Scotland. The imported shale gas will replace dwindling supplies [...]
Gazprom suspends gas deliveries to Ukraine over Kiev non-payment, as chief executive Alexei Miller warns of “serious risk” to Europe November 25, 2015 Russian energy giant Gazprom says it has suspended deliveries of gas to Ukraine after Kiev failed to make a pre-payment. Chairman Alexei Miller said Ukraine's Naftogaz had failed to make the payment and delivery was halted as a result, local media is reporting. "No new upfront payment has been made. As such, deliveries have been stopped until the [...]
Brent tumbles after Opec fails to agree an oil production ceiling June 2, 2016 Oil tumbled after the Organisation of Petroleum Exporting Countries (Opec) failed to agree a production ceiling at a widely watched meeting in Vienna today. Brent crude, the international benchmark, plunged 1.3 per cent to $49.1 per barrel. It had climbed above the $50 mark this morning, hitting its highest level in a week. West Texas [...]
Q and A: EU talk tough with Gazprom and Google April 21, 2015 Q This EU Commission anti-trust investigation into Gazprom has been going since September 2012, why is it only acting on it now? A Sanctions against Russia over Ukraine, and a new competition commissioner, have given the issue new political impetus. Q What is Gazprom accused of doing? A The EU investigation centres around the allegation [...]
Greece meets Gazprom as cash runs out April 21, 2015 Greek Prime Minister Alexis Tsipras yesterday met with Alexey Miller, deputy chairman of Gazprom – the gas giant owned mostly by the Russian State. It fuelled speculation of a deal that would see Greece cash in on a new pipeline.
Brussels serves formal antitrust charges against Gazprom April 22, 2015 After days of ramping up the pressure, the European Commission (EC) has finally served formal antitrust charges against Russian oil giant Gazprom. The decision is the culmination of a four-year investigation into Gazprom's power over gas supplies to eastern European countries. The EC accused Gazprom of overcharging its customers illegally and pushing out its rivals. [...]
UK to get more gas from a Russian firm as Centrica extends deals with Gazprom May 13, 2015 The UK's dependency on gas from Russian firms just increased, after Centrica signed a deal with state energy giant Gazprom – as well as Norwegian rival Statoil – to ramp up the amount of gas it buys from the companies. Centrica, which owns British Gas, said it had extended its contracts with Statoil and Gazprom [...]
Gazprom slams European commission claims over abusive business practices April 22, 2015 RUSSIAN oil and gas company Gazprom said yesterday that claims brought against the company by the European Commission as part of an ongoing antitrust investigation were unsubstantiated. The commission yesterday served charges against the firm in a formal statement of objections alleging that “some of its business practices in Central and Eastern European gas markets [...]
Cold war over Russian energy as EU increases pressure on Gazprom April 21, 2015 Tensions between the West and Russia are expected to heighten further today when European Union anti-trust officials ramp up proceedings against state-owned energy giant Gazprom The new EU competition commissioner Margrethe Vestager is likely to deliver a formal statement of objections to the Russian energy giant. An investigation into the firm’s pricing policies was [...]
Ukraine won’t repay $3bn payment due to Russia this weekend December 18, 2015 Ukrainian president Arseniy Yatsenyuk has announced a "moratorium" on the payment of a $3bn (£2bn) bond due to Russia this weekend, effectively defaulting on the payment. In a televised appearance, Yatsenyuk said the two sides had failed to reach an agreement over restructuring its debt. On Twitter, he added: "From now on payments of debts [...]