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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 ...
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Poland's president has said that gas flows from Russia to Western Europe should never be restored, even if Russia and Ukraine reach a peace deal. Andrzej Duda told the BBC that the Nord Stream gas ...
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 ...
On 19 December 2022 the European Energy ministers agreed on a price cap for natural Gas at €180 per megawatt-hour [181] aiming to stop Russia forcing European gas prices upwards. Exports of gas by Gazprom from Russia in 2021 was 185Bcm, [ 182 ] in 2022 it fell by 45% to 100Bcm [ 183 ] and in 2023 it fell again to 62Bcm.
January gas supplied by Russia to Europe was 1.7b m3 compared with 13b m3 average per month for the 2021 year. [32] The price of natural gas in Europe fell to an 18-month low in mid February of €49pmh with gas storage across the European Union at 65% capacity, well above the average of 45% at this time of year. [33]
PGNiG stated the recent extraordinary increases in natural gas prices "provides a basis for renegotiating the price terms on which we purchase gas under the Yamal Contract." [57] [58] However, in April 2022, it was announced that Russia will suspend sending gas supplies to Bulgaria and Poland, in exchange for their refusal to pay in roubles ...
Russian gas has been replaced by liquefied natural gas (LNG) imports: the United States has increased its slice of the EU gas market to 56.2 bcm in 2023 from 18.9 bcm in 2021 while Norway grew its ...