Russian gas deliveries to Europe on three main pipeline routes were stable on Monday morning, with the Yamal-Europe pipeline continuing to flow eastwards from Germany into Poland.

"The only commodity that can help solve the energy crisis in Europe in the short term is coal," said Sveinung Stohle, deputy CEO of Greek-based shipping company Angelicoussis Group. "Like it or not, coal will play a very important role."

Gas prices surged 10%, with ICE Brent futures rising to $1,359/1,000 cu m, up from $1,240/1,000 cu m following Putin's remarks

For the past few weeks, the International Atomic Energy Agency (IAEA) has been actively working to ensure the safety and security of all nuclear installations in Ukraine during these dramatic and unique circumstances where major nuclear facilities are operating in an armed conflict zone.

Николай Шульгинов провёл телефонный разговор с Министром энергетики и природных ресурсов Турции Фатихом Донмезом. Министры обсудили вопросы двустороннего сотрудничества в области энергетики. Разговор прошёл по инициативе турецкой стороны.

«Формирование объединённого рынка электроэнергии Союзного государства станет важной составляющей двустороннего взаимодействия», – подчеркнул Павел Сниккарс.

Russia accounts for about 40% of the European Union’s gas demand, and about a third of those shipments transit Ukraine.

Vladimir Putin had a telephone conversation with President of the Republic of Turkey Recep Tayyip Erdogan.

Compared to last year, the period from March 1 through March 15 saw increases in supplies to nine European countries, for instance, Italy (+51.7 per cent), Poland (+71.8 per cent), Croatia (+110.9 per cent), Greece (+34.6 per cent), Bulgaria (+24.4 per cent), as well as Turkey (+21.1 per cent).

Nuclear safety and security in Ukraine topped the agenda of the annual meeting, which was postponed since 2020 because of the COVID-19 pandemic.

The previous government last year sent security questionnaires to three potential bidders – Westinghouse of the US, France’s EDF and South Korea’s KHNP – after state corporations from China and Russia were excluded on security grounds.

In 2021, Russia was the largest natural gas-exporting country in the world, the second-largest crude oil and condensates-exporting country after Saudi Arabia, and the third-largest coal-exporting country behind Indonesia and Australia.

Azerbaijan is willing to increase its gas supply to Europe via Turkey amid persisting concerns over natural gas supplies after Russia's invasion of Ukraine,

"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,"

As it stands, Russia supplies some on average 1,600TWh of gas per year to Europe which represents 40% of Europe’s needs.