Energy in Russia

In 2022, solar and wind power account for around 22% of EU electricity generation, the highest share in the EU to date. At the same time, the production of electricity from gas represents 20%, which is 1 pp. less than in 2021. This is reported by DPA, referring to a study by the Ember think tank.

The Council of the European Union is to go ahead with a new package of sanctions targeting Russia on Friday, a diplomatic source has announced.

Measures could however be reversed depending on the situation in the east of Ukraine, the source was quoted by Russian agency ITAR-TASS as saying.

Russian President Vladimir Putin has attended a ceremony to mark the first weld of the Power of Siberia held Monday.

The pipeline will deliver gas to China from Russia's far east.

Europe will remain heavily dependent on Russian gas supplies for at least the end of this decade and “potentially much longer”, Fitch Ratings has said.

 Gov’t examines contingency strategies if natural gas supply is disrupted or farming exports are affected

By Chryssa Liaggou and Dimitra Manifava

The government is keeping a close eye on developments in the Russia-Ukraine crisis in a bid to respond to any adverse effects it may have both on natural gas and oil imports, as well as on exports of agricultural products to Russia.

President Vladimir Putin of Russia has confirmed that he will visit Serbia on October 19 for the 70th anniversary celebration of the Soviet Red Army's liberation of Belgrade at the end of the Second World War.

Russia and Austria set up joint South Stream company

VIENNA -- Russia and Austria have agreed on a joint company to construct the Austrian arm of the USD 45 billion South Stream gas pipeline project, RT.com is reporting.

The pipeline will deliver 32 billion cubic meters of Russian gas to the country, bypassing Ukraine.

France's Total and Russia's Lukoil have agreed to jointly explore shale oil reserves in Siberia.

The deal between Total and Russia's No.2 oil producer was signed on the sidelines of the St Petersburg International Economic Forum, as the Moscow Times reports.

Japan joins EU and U.S. in sancions against Russia

TOKYO -- Japan has introduced visa restrictions for 23 Russian citizens, a day after the United States and the European Union introduced new sanctions against Russia.

The Management Board of the Bulgarian Petroleum and Gas Association (BPGA) elected Valentin Zlatev, CEO of fuel retailer Lukoil Bulgaria EOOD, as its Chair.

Zlatev was elected BPGA Chair at a regular meeting of the Management Board of the BPGA on April 8.