Russia Gas Supply

Ukrainian President Volodymyr Zelenskyy said a Russian attack on his country's energy sector on Saturday had targeted gas facilities important for supply to the European Union.

Ukrainian President Volodymyr Zelenskiy urged the Group of Seven nations to help his government obtain an additional two billion cubic metres of natural gas and to supply it with modern tanks, artillery units and shells as well as long-range weapons.

Iran announced Sunday a contract with Russia to supply it with 40 turbines to help its gas industry amid Western sanctions over Moscow's war in Ukraine, local media reported.

The Kremlin said Thursday that a foreign state was likely responsible for an incident that resulted in the leaks at the Nord Stream 1 and 2 gas pipelines linking Russia to Europe.

The Taliban have signed a provisional deal with Russia to supply gasoline, diesel, gas and wheat to Afghanistan, Acting Afghan Commerce and Industry Minister Haji Nooruddin Azizi told Reuters.

Russia can supply gas to Pakistan as necessary infrastructures are already in place, President Vladimir Putin said on Thursday during his meeting with Prime Minister Shehbaz Sharif on the sidelines of the SCO summit in Uzbekistan.

EU Economy Commissioner Paolo Gentiloni said Saturday that the European Union was "well prepared" in the event of a total halt in Russian gas deliveries, thanks to storage capacity and energy-saving measures.

India is in talks with Russia to resume gas supplies under the long-term import deal between Gazprom and GAIL (India) Ltd, the state-run Indian company's chairman said at an annual shareholder meeting on Friday.

Over six months since Russia invaded Ukraine in what Moscow calls its "special military operation", the war has thrown global financial markets into severe turmoil as the charts below show.

The country's largest gas distributor GAIL (India) Ltd has started gas rationing, cutting supplies to fertiliser and industrial clients after imports were hit under its deal with a former unit of Russian energy giant Gazprom, two sources familiar with the matter said.

The European Union reached agreement on Tuesday to cut member states' consumption of gas by 15 percent and reduce their dependence on Russian supplies.

Russia said it will cut gas supplies to Europe from Wednesday in a blow to countries that have backed Ukraine, while missile attacks in Black Sea coastal regions raised doubts about whether Russia will stick to a deal to let Ukraine export grain.

Russia's Gazprom said it was cutting daily gas deliveries via the Nord Stream pipeline to 33 million cubic metres a day -- about 20 percent of the pipeline's capacity -- from Wednesday.

Oil prices fell more than $3 a barrel on higher U.S. gasoline stockpiles and after a European Central Bank (ECB) rate hike stoked demand worries, while returning oil supply from Libya and the resumption of Russia's gas flows to Europe eased supply restraints.

The European Union is seeking additional gas supplies from Nigeria as the bloc prepares for potential Russian supply cuts.

Ukrainian President Volodymyr Zelenskyy said a Russian attack on his country's energy sector on Saturday had targeted gas facilities important for supply to the European Union.

Ukrainian President Volodymyr Zelenskiy urged the Group of Seven nations to help his government obtain an additional two billion cubic metres of natural gas and to supply it with modern tanks, artillery units and shells as well as long-range weapons.

Iran announced Sunday a contract with Russia to supply it with 40 turbines to help its gas industry amid Western sanctions over Moscow's war in Ukraine, local media reported.

The Kremlin said Thursday that a foreign state was likely responsible for an incident that resulted in the leaks at the Nord Stream 1 and 2 gas pipelines linking Russia to Europe.

The Taliban have signed a provisional deal with Russia to supply gasoline, diesel, gas and wheat to Afghanistan, Acting Afghan Commerce and Industry Minister Haji Nooruddin Azizi told Reuters.

Russia can supply gas to Pakistan as necessary infrastructures are already in place, President Vladimir Putin said on Thursday during his meeting with Prime Minister Shehbaz Sharif on the sidelines of the SCO summit in Uzbekistan.

EU Economy Commissioner Paolo Gentiloni said Saturday that the European Union was "well prepared" in the event of a total halt in Russian gas deliveries, thanks to storage capacity and energy-saving measures.

India is in talks with Russia to resume gas supplies under the long-term import deal between Gazprom and GAIL (India) Ltd, the state-run Indian company's chairman said at an annual shareholder meeting on Friday.

Over six months since Russia invaded Ukraine in what Moscow calls its "special military operation", the war has thrown global financial markets into severe turmoil as the charts below show.

The country's largest gas distributor GAIL (India) Ltd has started gas rationing, cutting supplies to fertiliser and industrial clients after imports were hit under its deal with a former unit of Russian energy giant Gazprom, two sources familiar with the matter said.

The European Union reached agreement on Tuesday to cut member states' consumption of gas by 15 percent and reduce their dependence on Russian supplies.

Russia said it will cut gas supplies to Europe from Wednesday in a blow to countries that have backed Ukraine, while missile attacks in Black Sea coastal regions raised doubts about whether Russia will stick to a deal to let Ukraine export grain.

Russia's Gazprom said it was cutting daily gas deliveries via the Nord Stream pipeline to 33 million cubic metres a day -- about 20 percent of the pipeline's capacity -- from Wednesday.

Oil prices fell more than $3 a barrel on higher U.S. gasoline stockpiles and after a European Central Bank (ECB) rate hike stoked demand worries, while returning oil supply from Libya and the resumption of Russia's gas flows to Europe eased supply restraints.

The European Union is seeking additional gas supplies from Nigeria as the bloc prepares for potential Russian supply cuts.