Latest news
Europe's power firms locked out of record price bonanza
Several European power firms have been shut out of bumper revenues from record high gas and electricity prices as their sales are largely locked in at lower prices, and face extra pressure from governments acting to protect consumers.
read more... 20/09/2021
Russia to substitute decline in gas exports to Europe by ‘blue’ hydrogen
The European policy of carbon neutrality will inevitably lead to a decline in direct supplies of Russian natural gas and affect derived revenues by 2050, the department head of Gazprom Export, the export arm of Russia’s top gas producer Gazprom, Sergey Komlev said in an interview with Gazprom’s in-house magazine, adding that Russia can maintain its export positions on the European market using ‘blue hydrogen’ deliveries.
read more... 04/08/2021
Ofgem approves UK gas fee change
UK energy regulator Ofgem has approved system operator National Grid's proposal to change the way its gas revenues are calculated going forwards.
read more... 24/12/2020
Russia Seeks Additional $1.9 Billion In Taxes From Oil & Gas
Russia’s finance ministry is looking to raise as much as US$1.93 billion (143 billion Russia rubles) in taxes from the oil industry over the next two years, as the oil price crash has shrunk Russia’s key revenue stream—oil.
read more... 04/08/2020
Russia sees oil and gas revenue drop nearly $ 40 billion
Russia’s oil and gas revenue will be $ 39.5 billion (3 trillion rubles) less than expected due to falling oil prices Russian Finance Minister Anton Siluanov said on Wednesday, adding that Russia’s budget will be in deficit this year.
read more... 19/03/2020