Latest news and articles about Russian gas from NEX English
Hungarian Prime Minister <strong>Viktor Orban</strong> suggested Ukraine may be involved in planning sabotage after Serbia discovered explosives on the <strong>Balkan Stream</strong> gas pipeline. The explosives were found near the Hungarian border, raising questions about regional security.
Hungary's Foreign Minister, <strong>Péter Szijjártó</strong>, urged the European Commission to urgently lift the ban on importing oil and gas from <strong>Russia</strong>, warning of an impending energy crisis due to fuel shortages and rising gasoline prices.
The Russian Ministry of Finance reported a significant decline in government oil and gas revenues, which fell by <strong>43%</strong> in March, amounting to <strong>617 billion rubles</strong>, or approximately <strong>$7.72 billion</strong>, compared to the same month last year. This decrease is attributed to falling oil prices and the strengthening of the ruble.
Amid soaring energy prices, the Alternative for Germany party has called for the resumption of Russian gas and oil imports, igniting outrage among major parties who view this as a threat to European security.
Russian President Vladimir Putin has extended the decision allowing foreign buyers, including non-friendly nations, to pay for Russian gas in rubles until July 1, 2026. This move aims to bolster the use of the national currency in international trade amid ongoing Western sanctions.
European countries are facing a growing gas supply crisis as American pressure mounts to reduce reliance on Russian gas. This situation unfolds amid internal divisions on how to address the crisis, raising concerns about its impact on European-Russian relations.
Serbian President Aleksandar Vučić expressed gratitude to Russian President Vladimir Putin for the ongoing flow of Russian gas to Serbia, emphasizing its importance for energy security amid global economic challenges.
European Union countries are striving to reduce their reliance on Russian gas due to increasing energy supply pressures from the war in Ukraine. African liquefied natural gas (LNG) supplies are emerging as a promising alternative to those from the U.S. and Qatar.
Kirill Dmitriev, head of the Russian Direct Investment Fund, stated that the European Union's awareness of the energy crisis is gradually increasing, likening it to a 'snooze button' after a month of war. This shift reflects a growing recognition of the challenges facing Europe in the energy sector.