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Hydrocarbon Processing Refining Databook 2025: Europe, Russia & CIS
EU net-zero polices have shifted refining investment among member states, while across the region countries and companies continue to adjust to changes in trade flows caused by the war in Ukraine
Europe faces perilous year without Ukraine gas transit
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US goes after Russian gas money, part 2
While Donald Trump’s future sanctions policy is anything but certain, he may use a ‘carrot and stick’ approach to pursue an end to the war in Ukraine, although any changes will not happen overnight
US goes after Russian gas money, part 1
The latest sanctions on Gazprombank and other Russian banks may cause disruption, but willing buyers of Russian energy will find ways to continue payments
Russia reaches for nationalisation
There is a growing impulse to nationalise Russia’s energy sector out of its difficulties, but any steps in this direction would not be taken overnight
Russian LNG scrambling to emulate oil’s success
A sanctions-defying ‘shadow fleet’ is being assembled, but it remains unclear where Russia will sell the liquefied gas while Arctic LNG 2 remains strangled by sanctions
Russia’s quest for energy ‘technological sovereignty’, part 2
The country faces big challenges as it seeks to replace Western suppliers when it comes to LNG carriers, while sanctions have all-but halted its petrochemicals expansion
Russia’s quest for energy ‘technological sovereignty’, part 1
The country inherited a near self-sufficient oil and gas industry from the USSR, and it is working fast to eliminate shortfalls in its domestic capability, where advanced drilling and subsea technologies remain a vulnerability
Ukraine Gazprom Naftogaz Russia
Jason Corcoran
18 May 2018
Follow @PetroleumEcon
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Gazprom finds it hard to break with Ukraine

An international court ruling over gas supply contracts has done little to resolve differences between Gazprom and Naftogaz

Gazprom is desperate to eliminate the need to use Ukraine's transport network to send gas supply to Europe, but a lack of alternatives means it will probably have to swallow its pride and sign a new deal beyond 2020. Russia's gas export monopoly halted a planned resumption of gas supply to the Ukrainian domestic market in early March, forcing Kiev to take emergency measures to make up for the shortfall and warn that transit flows to Europe were also at risk. Gazprom had planned to restart supplies to its neighbour's domestic market for the first time since 2015, when Ukraine started buying gas from Europe to reduce its energy dependence on Russia. The move came after a Stockholm arbitration

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The May 2025 issue of Petroleum Economist is out now!

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