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Gazprombank would then transfer this ruble payment to Gazprom PJSC (a company that operates gas pipeline systems, produces and explores gas, and transports high pressure gas in the Russian Federation and European countries [40]), at which point the purchaser would be deemed to have legally fulfilled (under Russian law) its obligations to pay. [34]
Gazprom will lose close to $5 billion in gas sales. The company halted supply to Austria's OMV in mid-November over a contractual dispute but in recent weeks Russian gas has been reaching Austria ...
Germany will nationalise gas importer Sefe, formerly known as Gazprom Germania, the economy ministry said on Monday, in a move to protect it from bankruptcy and force Russia out of the company.
Gazprom, with the silent support of the Kremlin has set up 50 or so middlemen companies, silently linked to Gazprom and scattered throughout Europe - such as the Centrex group of companies and the Gazprom Germania network - which do not add any value to the price of Russian gas being sold on European markets; yet they earn enormous sums of ...
German energy company Uniper said Wednesday that a tribunal has awarded it more than 13 billion euros (nearly $14 billion) in damages for gas that Russia's Gazprom hasn't supplied since 2022.
EU and UK imports of Russian gas. The reliance of the European Union and, indirectly, the United Kingdom on Russian gas supplies has increased over the last decade. Natural gas consumption in the EU and UK overall remained broadly flat in over this period, but production fell by a third and the gap has been filled by increased imports.
Germany cut its gas imports by 32.6% in 2023, the country’s energy regulator said, mostly as a result of cutting out Russian supply. However, Germany is still heavily dependent on other ...
Gazprom became Russia's largest company. [35] On the day of the deal the company worth was valued at £69.7 billion (US$123.2 billion). Countries dependent on Russian natural gas (2006) In July 2006, On Gas Export was enacted with nearly unanimous vote from the State Duma. This law gave Gazprom the exclusive right to export natural gas from Russia.