In a recent twist, Berlin is no longer ruling out shelving the pipeline project. But Europe is currently facing a winter energy crunch. Prices of natural gas have skyrocketed in recent months, and stockpiles in EU countries are at a five-year low.

Already, oil prices have hit seven-year highs in recent days over the ratcheting tensions between the West and Russia over Ukraine.

Ukraine, which earns more than Poland from gas transit fees, may have to look at ways to diversify its own supplies and rethink its function in the European gas system. Until it does, it will continue to depend on Russia.

Oil, gas and resources companies, and trading desks, are fretting about the provisions around sanctions on Russian extractive industries, financial institutions and banks, Russian leaders and businessmen, and the use of global services, such as wire transfers.

Small Modular Reactors Day was an international platform for discussing the benefits of Small Modular Reactors, the prospects for their development and how this technology can be applied around the world.

Shipments of Russian crude to the US in 2021 averaged 202,000 b/d, the highest in 11 years. Most of these imports consist of Russian export grades, such as Urals, ESPO Blend and Varandey.

The agreement between Iran and world powers lifted sanctions against Tehran in exchange for restrictions on its atomic activities.

ROSATOM and the Department of Energy (DOE) of the Republic of the Philippines presented a joint action plan to elaborate nuclear power plants (NPP) using the Small Modular Reactor (SMR) technology through a Pre-Feasibility study.

The TTF day-ahead price hit an all-time high of Eur182.78/MWh on Dec. 21, an increase of 985% year on year,

Saudi Arabia is one of the countries that Rosatom is ready to work with when the kingdom puts out tenders, including to provide the fuel or build the plants, Alexander Voronkov, CEO of Rosatom Middle East & North Africa, told at Rosatom Week being held at EXPO 2020 in Dubai.

Moscow plans to build a new pipeline to China, which could give Russia the power to sell gas to the highest bidder, pitting Chinese and European consumers against one another.

There has also been signs of decoupling between the Russian Ruble and the BRENT Oil price as shown on the chart since the start of 2021.

Efforts to impose sanctions on the Nord Stream 2, an undersea gas pipeline from Russia to Germany that would give Moscow enormous leverage over Europe, have long drawn bipartisan support on Capitol Hill,

In 2021, we produced 514.8 billion cubic meters of gas. This is the best result in the last 13 years.

Reconfirm the production adjustment plan and the monthly production adjustment mechanism approved at the 19th OPEC and non-OPEC Ministerial Meeting and the decision to adjust upward the monthly overall production by 0.4 mb/d for the month of February 2022.