EurOil - Europe Oil & Gas
Government grabs unused gas storage capacity in a facility part-owned by Gazprom in order to boost the country's gas reserves before the coming winter.
The EU faces an uphill struggle contending with continually soaring energy costs this winter.
Two major Romania energy companies — natural gas and electricity producer Romgaz and nuclear power company Nuclearelectrica — have reported sharp hikes in their profits for the first half of 2022.
Under the agreement, an extra 2.6mn cubic metres per day of gas will arrive in Hungary’s south from the TurkStream pipeline up until the end of August.
Kazakhstan reportedly makes modest progress in finding alternative oil export routes that bypass Russia
China wants Russia to stop interfering with Kazakh oil exports.