The Russian gas sector has found itself in a difficult situation.
On 28 March, the European Commission sent a letter to the governments of Denmark and Sweden, in which it confirmed its position on Nord Stream 2.
The EU’s commissioner for competition Margrethe Vestager announced that the European Commission (EC) was ready to settle the case against Gazprom.
On 15th February the Ukrainian government declared a state of emergency in the energy sector. The main reason behind the decision is the shortage of anthracite.
For the first time in its independent history, Ukraine did not buy any gas directly from Russia, thus reducing its imports by about 32%.
The record volumes of gas supplied via the OPAL and Nord Stream pipeline have been accompanied by controversy over the rules for utilisation of the OPAL pipeline’s capacity.
During President Vladimir Putin’s meeting with Igor Sechin a public announcement was made about the privatisation of a 19.5% stake in Rosneft.
The European Commission published its winter package – a series of legislative proposals regarding the EU energy and climate policies for 2020-2030.
On 30 November in Vienna, the OPEC countries concluded an agreement on reducing oil production by about 1.2 million b/d (barrels per day).
The European Commission’s decision has removed one of the barriers on the way to the implementation of the Hungarian-Russian project.