Gazprom

The five-year gas transit deal between Russia and Ukraine expired in early hours of Jan. 1, 2025, while Kyiv has repeatedly said it would not extend the agreement amid the war

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From GQG Partner's sharp stock correction to LVMH's changing strategy to focus on India, here's a look at some of the major developments from across the world.

GAIL pipeline monetisation plan dropped; hunt on for long-term gas supply pact: CMD

GAIL has initiated arbitration against a former unit of Russia's Gazprom in London after the latter reneged on its contractual obligation to supply LNG, which forced it to buy expensive gas when prices were on a high.

GAIL (India) has initiated arbitration against former Gazprom unit for supply disruptions: CMD

The former German arm of Gazprom, now called SEFE, has resumed LNG supply to GAIL since March. GAIL is paying for it as per contract pricing which is higher than the current spot market price.

Former Russian unit resumes regular LNG supplies to India

GAIL had in 2012 signed a 20-year deal with Gazprom Marketing and Singapore (GMTS) to buy 2.85 million tonnes per annum of LNG. Supplies started in 2018 and the full volume was to reach in 2023.

Why one small-town manufacturer pollutes more than Gazprom

But the carbon emissions of diesel engine-maker Cummins rival some big names

GAIL says supply from Gazprom to start soon

Gazprom had halted supplies of natural gas to GAIL since May 2022; as a result, the gas distributor had to cut supplies to clients.

Russian gas exports outside CIS fell 45.5% in 2022: Gazprom

Gazprom said in a statement that exports outside the Commonwealth of Independent States (CIS) were 100.9 billion cubic metres compared to 185.1 billion in 2021.

Gazprom: gas supplied in full, bypassing damaged Russian export pipeline

The flow of gas through the "Urengoy-Tsentr-2" section of the Urengoi-Pomary-Uzhhorod pipeline, which takes gas from Russia's Arctic to central Europe via Ukraine, was halted as of 1:50 p.m. (1050 GMT)

India sees natural gas oversupply as high prices deter buyers

Customers in India have reduced gas buys following a 40 percent jump in prices, creating surplus gas in the market.

No anxiety over likely disruption of Russian oil supply to India: Hardeep Singh Puri

The minister says the government feels no pressure over the proposed price cap on Russian oil. He expresses confidence that the issues related to Gazprom will be resolved soon

High imported natural gas prices unlikely to move inflation needle in India 

Unlike Europe, India seems to be better able to withstand higher gas prices for now 

Gazprom Singapore pays 'meagre' penalty for defaulted LNG deliveries to India

Gazprom Marketing and Trading Singapore (GMTS), under a long-term 20-year contract, was to supply 2.5 million tonne of LNG to state-owned GAIL (India) Ltd this year. But it has not supplied any cargo or shipload of LNG since early June.

Bulgaria energy minister calls Gazprom talks 'inevitable'

Bulgaria's contract with Gazprom expires at the end of 2022, but Russia halted deliveries in late April after the previous pro-Western government in Sofia refused Gazprom's demand to pay for it in rubles.

Russia's Gazprom to shut gas pipeline to Europe for 3 days

In a statement posted online, Gazprom said that the only operational turbine at a key compressor station along the Nord Stream 1 pipeline, which links Western Russia and Germany, will shut down for routine maintenance from August 31 to September 2.

GAIL: Macro headwinds shadow robust performance 

GAIL has been the biggest beneficiary of the gas market turmoil since last year, seeing its gas marketing segment revenue and spread rising rapidly

Supply disruptions from Gazprom may be 'short-term', GAIL will manage by rationing: Sources 

Shares of GAIL declined almost 4 percent on BSE on news of supply disruption from Gazprom

GAIL sinks as Russia’s Gazprom invokes force majeure on LNG cargo

The lack of natural gas supply from Gazprom has put GAIL in a quandary as it will now have to secure alternative supplies

Russia cuts gas flows further as Europe issues savings plea

The cut in supplies, flagged by Gazprom earlier this week, has reduced the capacity of Nord Stream 1 pipeline – the major delivery route to Europe for Russian gas – to a mere fifth of its total capacity.

Will soaring energy prices lead to a collapse of demand in Europe? 

Europe fears Moscow could keep the gas pipeline shut till sanctions are eased on Russia. 

Russian gas flows to Europe fall further amid diplomatic tussle

On Thursday, Russian gas supplies to Europe plummeted even more, raising fears about winter storage and creating a diplomatic spat as Russian producer Gazprom blamed Western sanctions for delaying maintenance work.

Dutch firm says Russia's Gazprom cutting gas supplies

Gazprom has announced that it will discontinue supply with effect from May 31, 2022," GasTerra said

GAIL says no disruption in Russian LNG supplies due to sanctions

India's largest gas firm GAIL is getting regular supplies of LNG under a long-term deal with Russia's Gazprom despite the geopolitical crisis, the firm's chairman and managing director Manoj Jain said.

Russia's Gazprom seeks gas payments in euros from India's GAIL: Report

GAIL has a long-term gas import deal with Gazprom Marketing & Trading Singapore to annually buy 2.5 million tonnes of liquefied natural gas and has been settling trade with Gazprom in dollars.

Russia's Gazprom resumes imports of Turkmen gas: Turkmenistan

Turkmengaz said in a statement on its website on April 15 that gas deliveries had resumed "after a commercial pause, initiated by Gazprom in early 2016."