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EUR/Ruble exchange rate (Rubles per Euro. On 23 March 2022, Russian President Vladimir Putin announced payments for Russian pipeline gas would be switched from "currencies that had been compromised" (that is, US dollar and euro) to payments in roubles when the transaction involved a country formally designated "unfriendly" previously, which included all European Union states; on 28 March, he ...
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.
Russia shipped some 15 billion cubic metres of gas via Ukraine in 2023, about 8% of peak Russian gas flows to Europe via various routes in 2018-2019, according to data compiled by Reuters.
SEFE Energy (100%), with about 18% share of the gas market in Germany [9] a joint venture between Securing Energy for Europe GmbH and Wintershall, the largest crude oil and natural gas producer in Germany. Vemex s.r.o. (51%), located in Prague, and controlling about 10-12% of the Czech gas market. [10] Gas Project Development Central Asia AG (50%).
To compare with alternative sources, Germany produced 10.5% of its electricity from natural gas in 2019 and 8.6% (44 TWh) from renewable biomass, largely biogas. [53] As only 13% of Germany's gas use was for power production, [54] this replaced just above 1 percent of its overall gas consumption.
Russian gas has been replaced by liquefied natural gas (LNG) imports: the United States has increased its slice of the EU gas market to 56.2 bcm in 2023 from 18.9 bcm in 2021 while Norway grew its ...
Ruhrgas was acquired by energy company E.ON in March 2003. On 1 July 2004, the company was renamed accordingly E.ON Ruhrgas. That time, it became the largest foreign shareholder in the Russian gas company Gazprom by 6.5% of shares. These shares were bought back by Gazprom in October 2009 as a result of the asset-swap deal between E.On and Gazprom.