European Firms Buy Russian Gas

This is a Ukraine news story, published by CEPA, that relates primarily to Shah Deniz news.

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cheap Russian gas

CEPA

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Kremlin Need + European Greed = Rising Russian Energy Sales

Summary

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73% Informative

Since the invasion of Ukraine , Turkey has been singled out as a “pitstop’ to camouflage Russian oil exports, helping Moscow to evade sanctions and sell the crude on international markets.

Turkey ’s energy minister has been busy announcing a flurry of new LNG deals with respectable international oil companies.

Azerbaijan is also keen to open backdoors, as the country is offering to transit gas to Europe via Ukraine , once the current Russian agreement expires on January 1 .

Russian private oil producer holds a 19.99% share in Azerbaijan ’s Shah Deniz offshore gas project.

MOLs successful expansion spree may be a testament to its business acumen but Hungary ’s close Kremlin ties will also have helped.

With Brussels seemingly reluctant to batten down the hatches, Russia ’ options to return to European markets are varied and abundant.

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semi-formal

Language

English

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Offensive language