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Analyses |
| Marcin Popławski, Filip Rudnik
Since Gazprom lost a significant part of its European market, the Russian company has been looking for opportunities to export natural gas to new destinations, including Central Asia. Since the autumn of 2022, Russia has stepped up its…
Analyses |
| Filip Rudnik
Although the West introduced sanctions on seaborne imports of Russian oil in December 2022, Russian budget revenues from oil exports have soared in the second half of this year. This suggests that the price cap has been largely ineffective…
Analyses |
| Filip Rudnik
In late August, Gazprom published its financial report for the first half of this year. It gave the company’s net income as 296.2 billion roubles ($3.1 billion), an exceptionally low figure compared to the previous decade (excluding 2020,…
Analyses |
| Filip Rudnik
According to calculations by Refinitiv Eikon, quoted by Reuters, between 1 January and 15 July 2023 Gazprom’s natural gas supplies to Europe amounted to 13.8 bcm of gas. Over the same period, European clients received around 12.3 bcm of…
Analyses |
| Filip Rudnik, Sławomir Matuszak, Adam Michalski
On 17 July, Kremlin spokesman Dmitri Peskov announced that the Russian Federation had withdrawn from the Black Sea Grain Initiative; on the same day, the Russian foreign ministry also conveyed this decision to Turkey, Ukraine and the UN…
Analyses |
| Filip Rudnik
Although data about hydrocarbon production in the Russian Federation has not been made public since April, information about the gas sector’s output was included in the industrial production indicators published by the Russian statistics…
Analyses |
| Filip Rudnik
The OPEC+ summit: an increase in Russian oil exports at the expense of other producers. The OPEC+ summit was held on 4 June in Vienna, where the cartel decided to cut oil production in 2024 to a level of nearly 40.5 million barrels per day…
Analyses |
| Filip Rudnik
On 11 April, Russia’s prime minister Mikhail Mishustin signed a decree authorising the sale of a nearly 27.5% stake in the state-owned company Sakhalinskaya Energiya, which is operating the Sakhalin-2 oil and gas project in the Far East,…
Analyses |
| Ilona Gizińska, Filip Rudnik, Andrzej Sadecki
Hungary’s foreign and trade minister Péter Szijjártó met Aleksander Novak, Russia’s deputy prime minister in charge of energy, and Rosatom head Alexei Likhachev in Moscow on 11 April. He stressed that despite the expected criticism from…
Analyses |
| Filip Rudnik
On 21 March, during the Russian-Chinese bilateral talks, Vladimir Putin announced that “practically all the parameters” concerning the planned Power of Siberia-2 gas pipeline had been agreed with the Chinese side. Russian media reported…