2022-03-14 11:50:00
RUSSIA GUARANTEES ENERGY SECURITY
PLATTS - 12 Mar 2022 - Russia is ready for a "harsh confrontation" with Europe in the energy sector warned Nikolai Kobrinets, director of European cooperation in Russia's foreign ministry, speaking in an interview with Interfax March 12.
"Russia remains a reliable supplier, a world-class guarantor of energy security. We value this reputation, but are ready for a harsh confrontation in the energy sector, if the need arises," Kobrinets told Interfax in an interview. "I believe, the European Union would not definitely profit from it, because we have a greater safety margin and stronger nerves."
Kobrinets' remarks come after the European Commission announced March 11 proposals to "phase out" Russian fossil fuels by 2027, after leaders met in Versailles to coordinate further responses to Russia's invasion of Ukraine. The EC had already outlined a plan to reduce EU demand for Russian gas by two-thirds by the end of 2022.
French President Emmanuel Macron also said "nothing is off the table" when it comes to potential new measures against Moscow, after being asked whether the EU could consider a more immediate ban on Russian oil and gas imports, or blocking Gazprombank from the SWIFT banking system. The EU's move comes after the US and UK announced bans and phase-outs on the import of Russian oil and products, escalating the scale of sanctions targeting the Kremlin.
Day-ahead gas on the benchmark Dutch TTF hub was priced at Eur212/MWh on March 7, an all-time high and 230% higher than at the start of 2022, according to Platts price assessments by S&P Global Commodity Insights.
European storage sites were filled to just 77% of capacity last summer, and storage facilities were just 26% full as of March 8, according to data from Gas Infrastructure Europe.
"Global gas prices temporarily dislocated from day to day fundamentals to be almost entirely driven by the uncertainty surrounding future Russian supply," said James Huckstepp, head of EMEA Gas Analytics at S&P Global Commodity Insights. "Russian imports are at risk of further Western sanctions, retaliatory actions by Moscow or by physical disruption to Ukrainian transit infrastructure, but the gas is so far continuing to flow to Europe as normal."
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Earlier:
2022, March, 11, 12:20:00
IAEA, RUSSIA, UKRAINE NUCLEAR TALKS
Following the meetings, Grossi posted pictures of the talks, giving an upbeat update: "Constructive and important meeting with Sergei Lavrov in Antalya, Turkey, this afternoon. We are making progress on the safety and security of nuclear facilities in Ukaine." "Important and forward-looking conversations with Dmytro Kuleba today in Antalya, Turkey. Progress being made on the safety and security of nuclear facilities in Ukraine."
2022, March, 9, 13:35:00
RUSSIAN OIL & EARNINGS UP
Despite the high discount on Russia's Ural oil premium and sanctions .It seems that the rise in oil prices will eventually lead to the growth of Russia's foreign exchange earnings in 2022 and the improvement of its foreign exchange reserves, which is contrary to the goals of Western sanctions and USA.
2022, March, 3, 14:15:00
RUSSIAN GAS FOR FRANCE
Engie said it would comply with any European sanctions that could potentially affect Russian gas supplies to Europe, but warned of the major impact such a move would have on the market.
2022, February, 25, 11:35:00
RUSSIA SANCTIONS ANEW
"The European Council today agrees on further restrictive measures that will impose massive and severe consequences on Russia for its action, in close coordination with our partners and allies," the council said.
2022, February, 24, 12:25:00
RUSSIAN GAS TO EUROPE UP
It added that deliveries on Feb. 24 are set at 83 million cubic meters, a 31.4% increase on Feb. 23.
2022, February, 24, 12:20:00
EUROPEAN GAS PRICES WILL UP
“Welcome to the new world where Europeans will soon have to pay 2,000 euros ($2,270) per thousand cubic meters!” he tweeted – suggesting prices were set to double.
2022, February, 17, 13:55:00
EUROPEAN ENERGY TRANSITION & CRISIS
Russia sees the decision of the European Commission to classify nuclear energy and gas as clean energy sources as "important" and expects it to come into force in the next six months, Novak said.
