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After supply stop for Poland: Gas now flows in west-east direction in Mallnow

Seit Mittwoch, 27. April morgens, liefert Gazprom Export kein Erdgas mehr an die polnische staatliche Gasgesellschaft PGNiG und die bulgarische Staatsgesellschaft Bulgargaz. Die Einstellung der Lieferungen war schon am Dienstag gegen 17 Uhr bekannt…

Russian gas: Von der Leyen warns against payments in rubles

In response to the cessation of gas supplies by Russia to Poland and Bulgaria, representatives of the 27 EU member states met in the Gas Coordination Group. Poland and Bulgaria will receive natural gas from their neighbors in the future, according to…

BASF discontinues business in Russia and Belarus

Chemical company BASF plans to cease its activities in Russia and Belarus by the beginning of July 2022 in response to Russia's attack on Ukraine. The company had already announced at the beginning of March that it would no longer conclude any new…

Loss of billions for Uniper in the first quarter

The economic turmoil resulting from the Russian war of aggression has led to a billion-euro loss at Uniper in the first quarter. As the company announced in an investor conference, preliminary adjusted earnings before interest and taxes (adjusted…

After Russian supply stop announcement: Gas flows via Yamal pipeline to Poland unclear

Shortly after Moscow announced that it would turn off the gas tap to Poland in the wake of the ruble dispute, there is uncertainty about the gas flows actually entering the country. According to media reports, deliveries were at zero early Wednesday…

Egypt prepares hydrogen production for Europe

Masdar, the state-owned renewable energy company from the United Arab Emirates, has declared its intention to realize up to 4 GW of green hydrogen electrolyzer capacity in Egypt by 2030. Close to Europe, the country offers good conditions for…

More Austrian service stations

Not only in Germany, but also in Austria, the number of service stations open to the public has recently risen slightly, as shown by the industry data recently published by the Fachverband der Mineralölindustrie (FVMI). The association's service…

OMV supplies sustainable jet fuel to Austrian Airlines

The supply contract was signed at the end of last year, and in March  OMV supplied Austrian Airlines for the first time with Sustainable Aviation Fuel (SAF) for the refueling of aircraft at Vienna Airport. The sustainable aviation fuel, which is…

Ukraine war as a turning point for VNG

VNG: "The Ukraine war marks a turning point for VNG," said Ulf Heitmüller, the visibly tense VNG CEO, opening the company's annual press conference. VNG, like probably no other energy company at the moment, was linked in partnership with Russia and…

Uniper plans hydrogen storage in Krummhörn

Uniper wants to test the storage of hydrogen in its Krummhörn natural gas storage facility, which has not been used commercially since 2017. In order to test the demonstration project in a real environment, the energy company wants to sink a new…

Coal embargo reduces Russia's export revenues by 5 billion euros

One of the key components of the fifth sanctions package against Russia, which was approved by the European Council on April 8, 2022, is an import embargo on coal from Russia. According to the EU Commission, a quarter of all Russian coal exports are…

End of Russian business leads to billion-euro write-downs at Shell

Shell's announcement on March 8 that it was pulling out of its oil and gas business in Russia has led to write-downs of billions of euros at the energy company. Shell said in an updated outlook for the first quarter of 2022 that the withdrawal from…

Farce about DJ as Gazprom Germania owner

The question of who owns Gazprom Germania (GPG) and what the consequences are took on bizarre features in the first days of April. If the GPG Group did not include companies of great importance to the German gas market, it could be dismissed as a…

OMV withdraws from Russia

Austrian oil, gas and chemicals group OMV has announced that it will no longer pursue investments in Russia in the future. It said the situation in Ukraine as a result of Russia's war of aggression necessitated a reassessment of its business with the…

LNG can only help to a limited extent in the current gas crisis

"If there are tough sanctions, we will try to divert LNG volumes to Europe as much as possible," Shell managers Hill and Sawan said at the recent presentation of the "Shell LNG Outlook." However, this is currently an "incredibly tight market...

LNG terminal Stade to start at the end of 2026 at the earliest

The war in Ukraine does not bode well for energy markets. In the medium term, the main aim is to reduce dependence on natural gas from Russia. Liquefied natural gas could make a contribution to this...

Russia's invasion of Ukraine takes Wintershall Dea by surprise - Annual press conference canceled

The military operation of the Russian President against Ukraine has caused the oil and gas company Wintershall Dea to cancel its annual press conference, at which the company wanted to take stock of the past fiscal year, at short notice....

Russia is the most important gas supplier for Europe

Russia, Norway, the USA and Qatar were the most important gas suppliers to the 27 EU states and the UK in 2021. Russia accounts for just under 41 percent of gas imports...

New Head of Communications for OMV

A new head of communications will be appointed at OMV on April 1, 2022. As Senior Vice President, Sylvia Shin will then be responsible for communications at the Austrian oil, gas and chemicals company, and in her ...

Uniper still hopes for start of Nord Stream 2

The German energy group Uniper, which is involved in the Nord Stream 2 pipeline as a financial investor, is "deeply unsettled" by the current political situation on the Russian-Ukrainian border. This was stated by group CEO Klaus-Dieter ...