On 27 February 2022, Equinor decided to start the process of exiting the company’s Joint Ventures in Russia. Since then, Equinor has halted all new investments into Russia, stopped trading oil and gas products from Russia and announced an impairment of USD 1.08 billion on the balance sheet as of 31 March 2022.
The Sulzer Board of Directors has decided to initiate the process of exiting the Russian market.
A key solution for the future of green mobility, e-fuels are synthetic fuels – e-methane, e-kerosene, e-diesel, etc. – produced from renewable electricity, which may be in gas or liquid form. ENGIE has stepped up to advance the sector by launching a number of projects.
Germany and Italy told companies they could open rouble accounts to keep buying Russian gas without breaching sanctions against Moscow following discussions with the European Union, sources said.
Thai oil and gas giant PTT and its Saudi counterpart, Saudi Arabian Oil (Saudi Aramco), recently signed a Memorandum of Understanding (MoU) as they seek to deepen cooperation following the full restoration of diplomatic ties between Thailand and Saudi Arabia.
ONGC is weighing the options of placing more bids for Western companies' stakes in multiple Russian oil and gas fields even as its first bid for Shell's 50% stake in Salym fields in Siberia has not been accepted, people familiar with the matter said.
U.S. Treasury Secretary Janet Yellen said policymakers are discussing the use of secondary sanctions as a way to enforce a possible cap on the price of Russian oil.
Gasum considers there to be a real risk of the natural gas supplies under the company’s gas supply contract ending and that it is likely that imports of natural gas from Russia to Finland will cease either late on Friday, May 20 or on Saturday, May 21, 2022.
As deadlines for the payment of gas supplies are scheduled for the next few days, Eni has begun the process of opening two K current accounts at Gazprom Bank, on a precautionary basis (one in euros and the second in rubles).
Gasum has a long-term gas supply contract with Russian Gazprom Export, the details of which the companies have been negotiating since autumn last year. In April, Gazprom Export sent Gasum a letter, requirering that going forward the payments agreed in the supply contract should be made in rubles instead of euros.