2026-03-10 07:55:00
RUSSIAN OIL & GAS SUPPLIES UP
S&P GLOBAL - March 09, 2026 - Russian President Vladimir Putin said March 9 that Russia is increasing oil and natural gas supplies to "reliable partners," during a government meeting called to discuss global oil and gas markets.
Putin referred to buyers in the Asia-Pacific region, Slovakia and Hungary as reliable, according to a transcript posted on the Kremlin website, and said that Russia is willing to work with other European buyers if they provide long-term sustainable cooperation, free from political pressure.
"But we need some signals from them that they are ready and willing to work with us and will ensure this stability and resilience," Putin said.
Since Russia invaded Ukraine in 2022, the EU has substantially curtailed its reliance on Russian fuel, and plans to fully phase out Russian oil and gas imports by the end of 2027.
Russia is now aiming to capitalize on supply concerns as a result of the conflict in the Middle East, where energy infrastructure and supply routes have been attacked.
"In the current economic situation, if we refocus now on those markets that need increased supplies, we can gain a foothold there," Putin said. "That is, where there is stable long-term demand...."
Russian oil and gas producers are benefiting from price spikes over the past week.
Platts, part of S&P Global Energy, assessed Dated Brent crude at $102.84/barrel on March 9, up $32/b since Feb. 27, the day before the conflict began.
Putin said that current high commodity prices are temporary, and the shift in the balance of hydrocarbon supply and demand will lead to a new, stable pricing reality.
Gas prices have risen sharply since the conflict began. Platts assessed the Dutch TTF month-ahead gas price at Eur56.095/mega-watt hour (MWh) on March 9, up from Eur31.40/MWh on Feb. 27.
Putin said that it will take weeks, if not months, to restore gas production capacity in the region.
"It is impossible to quickly compensate for the lost volumes," he said. "As a result, global gas prices are also rising, in my opinion, even faster than oil prices."
Russian Deputy Prime Minister Alexander Novak said March 6 that the country's LNG exporters would redirect some previously Europe-bound cargoes to Asia, Russian news agency Tass reported.
This followed comments from Putin on March 5 that Russia could end supplies of gas to Europe before the import bans come into force, and could cut supplies "right now."
Russia was the EU's second-largest LNG supplier in 2025, shipping about 14.7 million mt, or some 13.9%, of its LNG imports, according to data from S&P Global Energy CERA.
Russia also supplied about 10% of the roughly 169.2 billion cubic meters of pipeline gas imported into Europe in 2025, CERA data showed.
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Earlier:
2026, March, 5, 07:50:00
RUSSIAN GAS FOR EUROPE DOWN
European gas prices spiked to a three-year high this week amid the widening conflict in the Middle East, though they pared some losses today after the US said it plans to protect navigation in the Strait of Hormuz.
2026, February, 25, 07:55:00
RUSSIAN OIL FOR CHINA UP
Deliveries of Russian crude to Chinese ports rose to 2.09 million barrels a day in the first 18 days of February, vessel-tracking data compiled by Bloomberg show. The increase — from 1.72 million barrels a day in the whole of January and 1.39 million in December — has more than offset a drop from India.
2026, February, 10, 13:27:00
RUSSIA, CHINA ENERGY STRATEGY
Against a backdrop of intensifying Western economic coercion, renewed attempts to weaponize trade, the slowdown in Russia–China bilateral trade, and the U.S.-India oil narrative curbing India’s imports of Russian energy, as well as visible stress fractures in the global energy system, the Putin-Xi dialogue emerged as a crucial strategic calibration for Russia and China.
2026, February, 10, 13:25:00
RUSSIAN GAS TO EUROPE MAXIMUM
The 15.75 Bcm/year-capacity European string of TurkStream remains the sole pipeline route for Russian gas supplies to Europe after Ukraine halted Russian gas transit at the start of 2025, following the expiry of its five-year transit agreement with Moscow at the end of 2024.
2026, February, 5, 07:40:00
RUSSIAN OIL & GAS REVENUE DOWN
The decline was due to lower crude prices and a stronger rouble. Oil and gas revenues are crucial for Russia's state budget, which ran a deficit of 5.6 trillion roubles or 2.6% of gross domestic product in 2025.
2026, February, 5, 07:35:00
RUSSIAN GAS FOR CHINA
Agreements were reached to boost supply volumes via the Power of Siberia pipeline from 38 bcm per year to 44 bcm per year and to increase supply volumes via the Far Eastern route from 10 bcm per year to 12 bcm per year.
2025, August, 5, 06:45:00
EUROPEAN BAN OF RUSSIAN GAS: ROADBLOCK
While strengthening oversight over Russian gas imports, the Proposal’s transparency and traceability measures place a significant burden on importers and other stakeholders, while risking regulatory overreach – particularly if over-zealously implemented – thus potentially increasing costs and preventing legitimate gas imports from entering the EU.
2025, May, 13, 06:40:00
EUROPE WITHOUT RUSSIAN ENERGY
"Despite the significant progress achieved under the REPowerEU Plan and via sanctions since Russia's invasion of Ukraine, in 2024 the EU saw a rebound in Russian gas imports," the EC said. "More coordinated actions are therefore needed, as the EU's overdependency on Russian energy imports is a security threat."