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MOSCOW/KYIV (Reuters) -Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year's Day, marking the end of decades of Moscow's dominance over Europe's energy ...
European gas imports from Russia in 2021, with breakdowns. Russia supplies a significant volume of fossil fuels to other European countries. In 2021, it was the largest exporter of oil and natural gas to the European Union, (90%) [1] [2] and 40% of gas consumed in the EU came from Russia. [3] [4]
MOSCOW (Reuters) -Russian gas supplies to Europe via Ukraine are set to end on New Year's Day, bringing down the curtain on Moscow's long period of dominance of supply in the European gas market.
Russian gas is no longer flowing to EU states through Ukraine following the expiration of a five-year deal, closing an energy route that has existed since the end of the Soviet Union in 1991.
EUR/Ruble exchange rate (Rubles per Euro. On 23 March 2022, Russian President Vladimir Putin announced payments for Russian pipeline gas would be switched from "currencies that had been compromised" (that is, US dollar and euro) to payments in roubles when the transaction involved a country formally designated "unfriendly" previously, which included all European Union states; on 28 March, he ...
Russia has transported gas to Europe through Ukraine since 1991. As the EU has reduced its dependence on Russian gas, it has found alternative sources in liquefied natural gas (LNG) from Qatar and ...
Now, after its expiry, Europe receives pipeline gas from Russia via a single route: The Turkstream pipeline, which runs through Turkey and on to Bulgaria, Serbia and Hungary, says Bruegel.
The Southern Gas Corridor is an initiative of the European Commission for a natural gas supply route from Caspian and Middle Eastern regions to Europe, proposed in 2008. The goal of the Southern Gas Corridor is to reduce Europe's dependency on Russian gas and add diverse sources of energy supply. [ 1 ]