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The country has managed to shed most of its reliance on Russian gas. Germany cut its gas imports by 32.6% in 2023, the country’s energy regulator said, mostly as a result of cutting out Russian ...
MOSCOW/FRANKFURT/LONDON, Dec 21 (Reuters) - European gas prices hit a new record high on Tuesday after a pipeline that brings Russian gas to Germany switched to flow east, a move the Kremlin said ...
The European Energy ministers agreed, on 19 December 2022, on a price cap for natural Gas at €180 per megawatt-hour, [3] with Austria and the Netherlands abstaining and Hungary voting against. [2] This equates to about $55/MMBtu.
2022–2023 Russia–European Union gas dispute. Russia cut the flow of natural gas by more than half in June because it said it could not get a part seized by the Canadian government because of sanctions. [ 2] Russia halted gas flows on 11 July for annual maintenance for 10 days and resumed flows on 21 July. [ 3] Russia stopped gas flows on 2 ...
Nord Stream 2 ( German – English mixed expression for "North Stream 2"; Russian: Северный поток — 2) is a 1,234-kilometre-long (767 mi) natural gas pipeline from Russia to Germany running through the Baltic Sea, [ 2 ] financed by Gazprom and several European energy companies. Feasibility studies began in 2011 to expand the Nord ...
Gas prices in Europe rose nearly 20% this week, CNBC reported, as Russian natural gas flows dropped to less than 20% of their usual capacity in Germany’s Nord Stream 1 pipeline.
Russia supplies a significant volume of fossil fuels to other European countries. In 2021, it was the largest exporter of oil and natural gas to the European Union, (90%) [1] [2] and 40% of gas consumed in the EU came from Russia. [3] [4] The Russian state-owned company Gazprom exports natural gas to Europe. It also controls many subsidiaries ...
Dutch and British wholesale gas prices rose by up to 20% on Monday on concerns about Russian gas supply. [NG/EU] The EU aims to cut its dependency on Russian gas by two-thirds this year and end ...