Speaking at Russian Energy Week, Novak also said the Nord Stream 2 pipeline would be ready to begin commercial operations "in the coming days" but that its startup still depended on winning approval from European regulators.

U.S. commercial crude oil inventories increased by 6.1 million barrels from the previous week to 427.0 million barrels.

In a statement after the meeting, Ukrainian President Volodymyr Zelenskyy, EU Council President Charles Michel and European Commission President Ursula von der Leyen reaffirmed their “continued commitment to strengthening the political association and economic integration of Ukraine with the European Union.”

The steep rise in European gas prices has been driven by a combination of a strong recovery in demand and tighter-than-expected supply, as well as several weather-related factors.

Gazprom increased gas supplies to Turkey (+138.3 per cent), Germany (+33.2 per cent), Italy (+14.2 per cent), Romania (+305.6 per cent), Serbia (+125.2 per cent), Poland (+11.2 per cent), Bulgaria (+52.5 per cent), Greece (+10.8 per cent), and Finland (+17.5 per cent).

U.S. commercial crude oil inventories increased by 2.3 million barrels from the previous week to 420.9 million barrels.

This unique project counts among the most advanced and complex HVDC (high-voltage direct current) projects of its kind worldwide and stands as the first inter-continent HVDC project in the world.

U.S. commercial crude oil inventories decreased up 4.6 million barrels from the previous week to 418.5 million barrels.

Azerbaijan is the second-largest natural gas supplier to Turkey accounting for a quarter of total imports, after Russia (33%).

15-year contracts signed for supplies of Russian gas to Hungary

Slovak natural gas transmission system operator Eustream aims to be technologically ready to blend up to 5% hydrogen into its gas system by 2023

PGNiG and the Polish government have long been opposed to Nord Stream 2, saying it threatens European energy security and could see Poland's role as a transit country for Russian gas to Europe reduced.

U.S. commercial crude oil inventories decreased by 3.5 million barrels from the previous week to 414.0 million barrels.

The UK does not support Russia's Nord Stream 2 gas pipeline project to Germany

India aims to raise the share of natural gas in the country’s energy mix to 15% by 2030 (from 5.8% in 2020).