Pipes at the landfall facilities of the Nord Stream 1 gas pipeline are pictured in Lubmin, Germany, March 8, 2022. REUTERS/Hannibal Hanschke/

Russia cuts gas flows further as Europe makes savings plea

Russia delivered less gas to Europe on Wednesday in a further escalation of an energy stand-off between Moscow and the European Union that will make it harder, and costlier, for the bloc to fill up storage ahead of…

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A view shows pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline in Lubmin, Germany, July 21, 2022. REUTERS/Annegret Hilse/File Photo

Europe agrees compromise gas curbs as Russia squeezes supply

BRUSSELS, July 26 (Reuters) – European Union countries approved a weakened emergency plan to curb their gas demand on Tuesday, after striking compromise deals to limit the cuts for some countries, as they brace for further Russian…

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The signature of the President of the European Central Bank (ECB), Mario Draghi, is seen on the new 50 euro banknote during a presentation by the German Central Bank (Bundesbank) at its headquarters in Frankfurt, Germany, March 16, 2017. REUTERS/Kai Pfaffenbach

Euro slumps to two-decade low as recession fears bite

LONDON, July 5 (Reuters) – The euro slumped to a two–decade low on Tuesday as the latest surge in European gas prices added to the region’s recession worries and a rebound in U.S. Treasury yields sent the dollar on another…

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A view shows gas wells at Bovanenkovo gas field owned by Gazprom on the Arctic Yamal peninsula, Russia May 21, 2019. REUTERS/Maxim Shemetov

Russia halts gas supplies to NATO members Poland and Bulgaria

WARSAW/SOFIA/KYIV (Reuters) – Russia halted gas supplies to Bulgaria and Poland on Wednesday for rejecting its demand for payment in roubles, taking direct aim at European economies in its toughest…

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An employee checks a pipe at the construction site of a gas metering station, part of the pipeline link between Bulgaria and Greece near the village of the Malko Kadievo, on March 18, 2022. – EU member Bulgaria has been criticised for its almost total dependence on Russia for its annual consumption of about three billion cubic metres of gas. In a bid to secure alternative deliveries, the Balkan country had long planned to link its gas network to those of its neighbours — Greece, Serbia and Romania — but the projects were severely delayed by administrative hurdles. (Photo by Nikolay DOYCHINOV / AFP)

Russian gas flows to Europe despite Putin deadline

IRPIN, Ukraine (Reuters) – Russia allowed gas to keep flowing to Europe on Friday despite a deadline for buyers to pay in roubles or be cut off, and peace talks…

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File Photo by Mikhail KLIMENTYEV / SPUTNIK / AFP

Russia will only accept rubles for gas deliveries to Europe: Putin

Moscow (AFP) – President Vladimir Putin said Wednesday Russia will only accept payments in rubles for gas deliveries to “unfriendly countries”, which include all EU members, after Moscow was hit by unprecedented…

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