Gazprom produced 193.8 billion cubic meters of gas from January 1 through May 15, 2022. This is a decrease of 3.7 per cent (or 7.5 billion cubic meters) versus the same period of 2021.

Engie and Gazprom have agreed on a solution in line with both companies' expectations in terms of currencies and with European sanctions.

Due to the ongoing geopolitical crisis, the EU member states have set up a purchasing platform for gas, LNG and hydrogen. In this way, one wants to become more independent of Russian energy imports and react against the strong price fluctuations of natural gas.

Truck manufacturers and the freight industry would benefit from a future on-route charging and hydrogen re-fueling system on Britain's motorway (freeway) network.

The energy package due this week may include measures to address the increasing household costs and energy poverty.

Russia’s share of German crude consumption has already declined to 12% from about 35% before the war in Ukraine, according to the Economy Ministry in Berlin.

In early April, the government published its Energy Security Strategy, setting out its ambitions for eight new reactors, plus small modular reactors, helping to produce 24 GWe of nuclear generating capacity by 2050, representing about 25% of the UK's projected electricity demand.

European gas prices were trading higher early May 12, with the TTF month-ahead price up at Eur105/MWh ($109.72/MWh) as of 0815 GMT, according to ICE data.

Germany, Russia's top client in Europe, said some subsidiaries of Gazprom Germania were receiving no gas because of the sanctions.

The monthly import profile for April, which following European wholesale front-month trade in March, saw sourcing from all parts of the world intensify, with Europe comfortably receiving its highest-ever volume for a single month. This was, however, paid for at a high price.

Moscow has imposed sanctions on the owner of the Polish part of the Yamal pipeline that carries Russian gas to Europe, as well as Gazprom's former German unit, whose subsidiaries help meet Europe's gas consumption.

Requests via the Velke Kapusany border point in Slovakia were around 512,056 megawatt hours (MWh) per day, down from 856,922 MWh per day earlier on Thursday, data from Slovakian operator TSO Eustream showed.

"We will cooperate to reduce Europe's dependency on energy supplies from Russia and to ensure diversification of energy supply sources, and acknowledge the need for investments to achieve this."

The Nuward - consisting of a 340 MWe SMR plant with two pressurised water reactors (PWRs) of 170 MWe each - has been jointly developed using France's experience in PWRs.

The key focus would be to produce high-temperature heat which could be used for hydrogen production, to supply industrial processes and potentially district heating as well as electricity generation.