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1 min read

Russian energy giant Gazprom reported its first annual loss in 24 years amid Western sanctions

Sanctions and broader energy market factors weighed on profits. Shares of the energy giant saw thei…

Yuheng Zhan   


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2 mins read

Russia could merge state-run oil companies to make the world's 2nd largest producer, report says

A deal to combine three of Russia's biggest oil firms would create the biggest producer in the worl…

Kelly Cloonan   


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2 mins read

China is set to be Russia's biggest pipeline gas customer this year as flows to Europe dwindle

Gazprom's gas flows via pipeline to China have surpassed flows to Europe in the first nine months o…

Kelly Cloonan   


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1 min read

Russia stands to lose $6.5 billion a year if Ukraine doesn't renew a gas pipeline deal at the end of the year, report says

Ukraine also stands to lose around $800 million a year if it doesn't renew a gas pipeline deal with…

Jennifer Sor   


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One key country is holding up a natural-gas pipeline that would deepen ties between Russia and China

Mongolia won't fund the Siberia-2 pipeline for the next four years, throwing a wrench in a project …

Filip De Mott   


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2 mins read

Russian energy giant Gazprom's private security force was deployed to fight in Ukraine, report says

"I want to tell my colleagues at Gazprom: Don't go to Ukraine, stay at home," a former Gazprom secu…

Filip De Mott   


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Russia is flooding Europe with discounted gas to win back Western buyers

Gas markdowns of at least 10% are being seen in Central and Eastern Europe, the Center for Europea…

Filip De Mott   


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Russia's biggest energy company says it'll take it at least 10 years to recover gas sales lost because of the Ukraine war

The gas giant's export volumes won't return to pre-war levels until at least 2035, a firm-commissio…

Filip De Mott   


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1 min read

Russia's Gazprom saw its exports sink to the lowest level this century as flows to Europe dwindled

Gazprom sent 100.9 billion cubic meters of fuel this year to countries outside of the ex-Soviet Uni…

Zahra Tayeb   


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2 mins read

European natural gas prices soar 17% after Russia says it will slash supplies to the continent, driving fears of a deep recession

Russia said it will cut supplies through the Nord Stream 1 pipeline to 20% of capacity, further bat…

Harry Robertson   


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1 min read

Brian Evans   


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1 min read

Russia's Gazprom threatens to halt gas flows to Europe via Ukraine pipeline as soon as next week

Gazprom has said it may cut off gas flows to Europe next week via the Ukraine pipeline, the contine…

Jennifer Sor   


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Russia's gas shutoff is forcing Europe's biggest buyer of its supplies to draw down winter emergency reserves

"This development makes it harder to reach the storage levels necessary for the winter and reduces …

Phil Rosen   


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1 min read

Russia eyes $22 billion in windfall tax revenue from Gazprom amid skyrocketing natural gas prices

The state-run gas producer would pay the Kremlin 1.25 trillion rubles from September to November un…

Brian Evans   


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2 mins read

Russia's Gazprom threatens to cut off natural-gas supplies to Europe if price caps are imposed

The G7 and the EU are in discussions to impose price caps on Russian oil and natural gas to cut its…

Huileng Tan   


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1 min read

Ex-Gazprom official says decades of the Russian gas giant's work has been 'flushed down the toilet', with export revenues expected to halve this year

Russia's natural-gas exports have been undermined by the impact of the Ukraine war, and Gazprom's r…

Ryan Hogg   


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1 min read

Three Gazprom liquefied natural gas tankers have been seized by Germany for an indefinite period of time

Berlin has also reportedly considered expropriating portions of Russia's Nord Stream 2 pipeline tha…

Brian Evans   


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1 min read

Russia's Gazprom continues cutting natural gas supplies to Europe just as customers try to build up inventories for winter

Germany says Gazprom is trying to push gas prices higher. Russia's state-run supplier cut flows aga…

Brian Evans   


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1 min read

Russia doesn't expect to cut off gas supply to additional European countries

Russia won't cut off more European countries from its gas supply, Reuters first reported. Gazprom r…

Brian Evans   


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2 mins read

Germany is nationalizing a local unit of Russia's energy giant Gazprom, in an $8 billion bid to keep it from collapsing

Germany said it made the move to save the ailing gas company from insolvency, given it is key to th…

Zahra Tayeb