2005–06 Russia–Ukraine gas dispute

Azerbaijan Confirmed the Supply of 12 Billion cubic meters of Gas to the EU in 2023

Azerbaijan has confirmed the supply of 12 billion cubic meters of gas to the EU in 2023, DPA reported, quoted by BTA.

The country will export a total of 24 billion cubic meters of gas in 2023, half of which will go to Europe, Azerbaijani President Ilham Aliyev said on state television.

So far, 8.1 billion cubic meters have been delivered annually.

"Gazprom" with Record Profits

Russian state-backed energy company Gazprom is ready to pay the Kremlin 2.5 billion rubles after posting record profits.

The company reported a net profit of 2.5 billion rubles for the first six months of this year. Oil and gas prices rose during that period, pushed up by supply concerns following Russia's invasion of Ukraine.

Russia Covers Nearly 1/3 of Europe's Gas Consumption in 2016

Russia has covered nearly one-third of the consumption of gas in Europe in 2016 - a record level reached in spite of tensions between Russia and the EU, announced representatives of Gazprom, cited by AFP.

The management of the company estimated its market share in Europe in 2015 at 31% which was a record even then.

Gazprom Worried over Possible Delay in Payment from SE Europe

Russian energy giant Gazprom believes Bulgaria, Greece, Macedonia and Serbia might put off payment for gas, oil and other kinds of fuels or not pay at all, Russian newspaper Vedomosti reports.

The daily cites documents prepared by Gazprom on the occasion of forthcoming Eurobonds issuance.  

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