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Gazprom Rejects Gas Transit Increase as Europe Faces Winter Fuel Crisis | Source: The Moscow Times

The Suja gas metering station on the Russian-Ukrainian border.

Russian gas giant Gazprom has turned down an option to maximize gas shipments to Europe as the continent faces a looming energy crisis amid surging natural gas prices. The decision sparked a further surge in wholesale gas prices in Europe, which have doubled over the last two months. Politicians in both Europe and the U.S. have criticized Gazprom, sensing a geopolitical move by Russia. The price surge comes at a crucial time in energy relations between the EU and Russia. Gazprom’s controversial Nord Stream 2 gas pipeline has just been completed and is awaiting certification by German regulators.

Source: The Moscow Times


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EU launches ‘Global Gateway’ to counter China’s Belt and Road | Source: Politico

The European Union will launch “Global Gateway” as a scheme to compete with China’s Belt and Road Initiative — the massive, geopolitically influential network of infrastructure and transport investments that Beijing uses to link its exporters to western markets. The priority would be for the EU to discuss connectivity projects with Africa during a regional summit in February. China has been criticized by the West for extending its strategic reach and creating debt dependence through its multibillion-dollar infrastructure and investment scheme.

Source: Politico


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Putin and Lukašenko ready to launch new Russian-Belarusian union | Source: Asia News

Belarusian President Aleksandr Lukašenko and his “big brother” Vladimir Putin are ready to launch the long-awaited union between Russia and Belarus. The agreements will permit the formation of a single gas and fuel market. Belarus (a buffer country between Russia and Western Europe, close to the Baltic States) has always purchased Russian oil and fuels at a low price, without export taxes, importing about 23 million tons of fuels each year.

Source: Asia News


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Poland will terminate gas supply contract with Russia | Source: The First News

Poland will no longer need Russian gas supplies delivered by the Yamal pipeline next October owing to the start of deliveries of North Sea gas via the new Baltic Pipe, through a Polish-Danish strategic gas infrastructure project, that will bring Norwegian gas to the Polish markets, and will help Poland diversify natural gas supplies.

Source: The First News


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Russia, Belarus Start Joint Military Drills | Source: The Defense Post

Russia’s President Vladimir Putin and his Belarus’ counterpart Alexander Lukashenko walk in as they attend a session of the Supreme State Council of the Union State at the Kremlin in Moscow on March 3, 2015.

Russia and Belarus kickstarted massive joint military drills on the EU’s border, closely monitored by NATO as tensions between Belarus and its western neighbors rise. The drills come a day after Russian President Vladimir Putin and his increasingly isolated Belarusian ally Alexander Lukashenko said they agreed to deepen the integration of their ex-Soviet countries, including in areas of defense.

Source: The Defense Post


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Russian Gazprom stock surges in Moscow as Nord Stream 2 construction completed | Source: RT

Gazprom stock increased in value by 1.48% shortly after Gazprom’s management announced that the construction of the gas pipeline had been fully completed, despite numerous roadblocks, with the US government threatening companies and states involved in the construction with sanctions. EU member states also persistently expressed disapproval of Nord Stream 2. Ukraine, which used to benefit from the transit of gas from Russia to Europe, is also opposing the project.

Source: RT


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Putin considers current Russia-Ukraine relations abnormal and unnatural | Source: 112

Russian President Vladimir Putin said relations between Ukraine and Russia should be restored as soon as possible. The preparations for a meeting between President of Ukraine Volodymyr Zelensky and Russian leader Vladimir Putin are proceeding “at the highest level.”

Source: 112


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Russia to be affected the most by EU carbon border tax | Source: Cyprus Mail

The world’s first carbon border tax proposed by the European Union is likely to hit Russia the hardest but leave Chinese trade relatively unscathed, according to a joint study by two European climate think tanks. The EU proposed in July a Carbon Border Adjustment Mechanism (CBAM), or CO2 tariff, on polluting goods from 2026, forcing some companies importing into the EU to pay carbon costs at the border on carbon-intensive products such as steel and aluminium.

Source: Cyprus Mail


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Russian gas supplies to Europe via new Nord Stream 2 pipeline will start this year | Source: RT

Onshore facilities at the Nord Stream 2 gas distribution center in Lubmin, Germany, March 31, 2021.

Moscow expects gas supplies through the Nord Stream 2 pipeline to begin by the end of 2021, Minister for Energy Nikolai Shulginov told. Work on the pipeline was suspended for a year in December 2019 after Swiss pipe-laying vessel Allseas abandoned the project due to possible US sanctions. Washington repeatedly attempted to hinder the construction process with sanctions, dubbing the project Russia’s geopolitical “weapon” and siding with ally Ukraine, which believes Nord Stream 2 will deprive Kiev of transit fees.

Source: RT


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