Ukraine Energy Crisis


Joint Statement on European Energy Security from Presidents von der Leyen and Biden
Denmark >> 6/27/2022 - Following the further invasion of Ukraine, Russia continues to use natural gas as a political and economic weapon. Russia's energy coercion has put pressure on energy markets, raised prices for consu...
Russia Supply Reduction via Nord Stream Poses Risks to Gas Storage in Europe
Russia >> 6/17/2022 - Russia reducing flows via Nord Stream, outages at Freeport and French nuclear downgrades have sent the European natural gas market into an upward spiral with more volatility still to come. And while s...
Enel Sells Its Entire 56.43% Stake in PJSC Enel Russia
Enel Sells Its Entire 56.43% Stake in PJSC Enel Russia Russia >> 6/16/2022 - Enel S.p.A. ("Enel") informs that the agreements related to the sale of its entire stake in the share capital of PJSC Enel Russia (“Enel Russia”) have been signed. Specifically, Enel has signed two se...
Boskalis Wins Summary Proceedings against Payment of Bank Guarantees
Russia >> 6/9/2022 - In light of European sanctions legislation, Boskalis suspended its activities on a Russian LNG project earlier this year. In response to this decision, the client Saren B.V. was of the opinion that th...
EU Passed its sixth set of sanctions on Russia
Russia >> 6/3/2022 - The passage of the sixth package of restrictive measures on Russia is welcomed by the European Commission. Sanctions are one of the EU's most obvious, direct, and effective responses to Russia's unjus...
Baltic TSOs Maintain Baltic Energy System in Balance with the Russian System
Estonia >> 6/2/2022 - The Baltic transmissioon system operators Elering, AST and Litgrid have decided to enhance the measures of balancing the Baltic electricity system and avoid the imbalance with the Russian electricity ...
29th OPEC & non-OPEC Ministerial Meeting
Saudi Arabia >> 6/2/2022 - The 29th OPEC and non-OPEC Ministerial Meeting was held via videoconference on 2 June 2022. The Meeting noted the most recent reopening from lockdowns in major global economic centers. It further note...
Chances for Turning Egypt into Regional Energy Hub after Ukrainian Crisis
Chances for Turning Egypt into Regional Energy Hub after Ukrainian Crisis Egypt >> 6/1/2022 - The cabinet's Information and Decision Support Center (IDSC) published a video highlighting future chances for turning Egypt into regional energy hub after Ukrainian crisis and showcasing Europe's fea...
Gazprom Completely Suspends Gas Supplies to Shell Energy Europe Limited
Russia >> 6/1/2022 - As of the end of the working day on May 31, Gazprom Export did not yet receive a payment from Shell Energy Europe Limited for the gas supplied in April, which was to be made in compliance with the Rus...
Gazprom Announces Gas Production & Supplies Results for Five Months
Russia >> 6/1/2022 - According to preliminary data, Gazprom produced 211.4 billion cubic meters of gas in January-May 2022. This is a decrease of 4.8 per cent (or 10.6 billion cubic meters) versus the same period of last ...
CPC Receives RosPrirodNadzor’s Unscheduled on-Site Inspection Results
Russia >> 6/1/2022 - CPC-R received an order to rectify violations found by the Federal Service for Supervision of Natural Resources by Mail of Russia on 27 May 2022. The document resulted from an unscheduled on-site insp...
EU Leaders Agree on Sixth Package of Sanctions against Russia
Russia >> 5/31/2022 - EU leaders urged Russia to halt its indiscriminate attacks on civilians and infrastructure, as well as to evacuate all of its troops and military equipment from Ukraine's entire territory within inter...
EU Strengths Energy Independence Because Russian Energy Imports Phased out
Russia >> 5/31/2022 - EU leaders assessed progress on the phasing out of Russian gas, oil, and coal imports, which should happen as soon as feasible, as promised in the Versailles Declaration, taking into account the diver...
Gazprom Completely Suspends Gas Supplies to Netherlands’ GasTerra B.V
Gazprom Completely Suspends Gas Supplies to Netherlands’ GasTerra B.V Russia >> 5/31/2022 - As of the end of the working day on May 30, Gazprom Export did not yet receive a payment from GasTerra B.V. for the gas supplied in April, which was to be made in compliance with the Russian President...
Equinor Exits All Joint Ventures in Russia
Equinor Exits All Joint Ventures in Russia Russia >> 5/25/2022 - On 27 February 2022, Equinor decided to start the process of exiting the company’s Joint Ventures in Russia.

Since then, Equinor has halted all new investmen...
Shell Completes Sale of Retail & Lubricants Businesses in Russia
Russia >> 5/25/2022 - Shell Overseas Investments B.V. and B.V. Dordtsche Petroleum Maatschappij, subsidiaries of Shell plc, have completed the sale of Shell Neft LLC, Shell’s retail stations and lubricants business in Russ...
Gazprom Announces Gas Production & Supplies Results for 4.5 Months
Russia >> 5/16/2022 - According to preliminary data, Gazprom produced 193.8 billion cubic meters of gas from January 1 through May 15, 2022. This is a decrease of 3.7 per cent (or 7.5 billion cubic meters) versus the same ...
Viking Supply Ships Cancelled Contract in Russia
Russia >> 5/13/2022 - Reference is made to the press release of 8 February 2022, where Viking Supply Ships AB (Viking) announced the award of a multi-season contract for its four ice-classed anchor handling tug supply (AHT...
Siemens Will Exit the Russian Market
Russia >> 5/12/2022 - Siemens join the international community in condemning the war in Ukraine and are focused on supporting our people and providing humanitarian aid.

Siemens will exi...
Shell Signs Agreement to Sell Retail & Lubricants Businesses in Russia
Shell Signs Agreement to Sell Retail & Lubricants Businesses in Russia Russia >> 5/12/2022 - Shell Overseas Investments B.V. and B.V. Dordtsche Petroleum Maatschappij – subsidiaries of Shell plc – have signed an agreement to sell Shell Neft LLC, which owns Shell’s retail and lubricants busine...
Firms to Shift to Renewable if Russia Stops Gas Exports to Europe
Russia >> 5/10/2022 - - No Russian gas exports to the EU could slow growth in the EBRD regions by 2.3 per cent
- Short-term increase in energy prices would be the main brake on economic growth
- Mid-term priorit...
BASF to Wind down Activities in Russia & Belarus Except for Food Production
Russia >> 4/27/2022 - As announced on March 3, 2022, BASF has not conducted new business in Russia and Belarus, in light of the war of aggression against Ukraine ordered by the Russian government. BASF strongly condemns th...
LUKOIL's President Vagit Alekperov to Resign as a Member of the Board Directors
Russia >> 4/21/2022 - PJSC LUKOIL announces that the Company's President and member of the Board of Directors Vagit Alekperov informed the Company about his decision to resign as a member of the Board of Directors of PJSC ...
Wärtsilä to Write-off Approximately 200 MEUR Related to Business in Russia
Russia >> 4/20/2022 - Wärtsilä to write-off approximately 200 MEUR related to assets and business operations in Russia.

Wärtsilä strongly condemns ...
Gas Pipelines Reach 112,000 Land Plots of Russian Residents
Russia >> 4/14/2022 - The Gazprom Management Committee took note of the information about the progress of additional gas infrastructure expansion in the constituent entities of the Russian Federation throughout 2022, namel...
GAZPROM Germania and Gazprom Marketing & Trading Shall Stop Using Trademarks of Gazprom
Russia >> 4/5/2022 - Due to the fact that the Gazprom Group terminated its participation in Germany's GAZPROM Germania GmbH on March 31, 2022, we wish to state the following.

GAZPROM Germania GmbH and the com...
The European Commission (EC) on the Fifth Round of Sanctions against Russia
Russia >> 4/5/2022 - The European Commission (EC) saw the gruesome pictures from Bucha and other areas from which Russian troops have recently left. Yesterday, I conveyed to President Zelenskyy my condolences and assured ...
Gazprom Group Terminates its Participation in Gazprom Marketing & Trading Ltd
Russia >> 4/1/2022 - On March 31, the Gazprom Group terminated its participation in Germany's GAZPROM Germania GmbH and all assets of the latter, including Gazprom Marketing & Trading Ltd.

A corresponding mat...
Payments for Russian Gas Export to be Made in Accordance with Russian Federation Rules
Russia >> 4/1/2022 - On March 31, Executive Order of the President of the Russian Federation No. 172 “On the Special Procedure to Allow Foreign Buyers to Meet their Commitments to Russian Natural Gas Suppliers” was signed...
Calfrac Announces Suspension of Investments in Russia
Russia >> 3/29/2022 - Calfrac Well Services Ltd. ("Calfrac") (CFW) announces the suspension of any investments in the Russian Federation as the Company meets its contractual obligations in strict compliance with all applic...
G7 Energy Ministers Reject Demand for Ruble Payment for Gas Supplies
Russia >> 3/28/2022 - The energy ministers of the G7 countries and the EU Energy Commissioner met again today at the invitation of Federal Minister of Economics Habeck and discussed Putin's announcement that he would only ...
Impact of Russia-Ukraine Conflict on Port of Rotterdam
Russia >> 3/23/2022 - The conflict in Ukraine has prompted the European Union and other bodies to impose a number of sanctions on Russia. The extensive import of energy (crude oil, oil products, LNG, coal) is not (yet) aff...
TotalEnergies to Stop Purchasing Oil & Petroleum Products from Russia
Russia >> 3/22/2022 - After the serious and unfounded accusations of "complicity in war crimes" leveled against TotalEnergies, the Company shares with its stakeholders its principles of conduct regarding its Russian relate...
Gennady Timchenko Resigns from NOVATEK’s Board of Directors
Russia >> 3/21/2022 - PAO NOVATEK announced that Gennady Timchenko has decided to resign from the Company’s Board of Directors effective 21 March 2022.

PAO NOVATEK is the largest independent natural gas produ...
KCA Deutag Provides Update on Russia Operations & Sanctions
Russia >> 3/21/2022 - ?"We are shocked and saddened by the deteriorating situation in Ukraine, and we join many to call upon all parties to urgently work towards a peaceful resolution in the region," said Joseph Elkhoury, ...
Baker Hughes Announces Update on Russia Operations
Russia >> 3/19/2022 - Baker Hughes (BKR) (“Baker Hughes”) announced it has suspended new investments for its Russia operations. The Company is continuing to comply with applicable laws and sanctions as it fulfills current ...
Schlumberger Announces Update on Russia Operations
Russia >> 3/18/2022 - Schlumberger provided the following update with regard to its operations in Russia:
“We have watched with immense concern as the conflict in Ukraine has escalated,” said Chief Executive Officer ...
Halliburton Announces Update on Russia Operations
Halliburton Announces Update on Russia Operations Russia >> 3/18/2022 - Halliburton Company (HAL) announced it immediately suspended future business in Russia as the Company complies with sanctions that prohibit transactions and work, including for certain state-owned Rus...
Columbus Exits the Russian Market
Russia >> 3/16/2022 - Columbus A/S has entered into an agreement to hand over its Russian business unit to the management of Columbus Russia.

As a consequence of Russia’s invasion of Ukraine, Columbu...
DuPont Statement on Suspending Business Operations in Russia & Belarus
Russia >> 3/15/2022 - DuPont continues to monitor the escalating crisis in Ukraine. Due to recent developments, DuPont has decided to suspend its business operations in Russia and Belarus. The safety and security of our em...
Equinor to Stop Trading in Russian Oil and Oil Products
Russia >> 3/14/2022 - Following the announcement that Equinor has started the process to exit its projects in Russia, a decision has been made that Equinor will also stop trading in Russian oil. This means that Equinor wil...
ABS Withdraws Class Services to Russian Vessels
Russia >> 3/14/2022 - After careful consideration of the situation in the Ukraine and the Black Sea as well as the applicable sanctions, ABS has taken the decision to withdraw all Class services involving Russian vessels, ...
Statement on DNV's Business Operations in Russia
Russia >> 3/10/2022 - As a result of the invasion of Ukraine, DNV will follow international sanctions and the intentions behind them. We are reviewing all ongoing contracts and operations with Russian entities and are wind...
Worley Announces Withdrawal from Russia
Russia >> 3/10/2022 - Worley deeply saddened by the events in Ukraine and support the strong response of the international business community withdrawing from Russia. Worley has begun the safe withdrawal of its services pr...
GTT is Monitoring the Situation in Ukraine and Russia
Russia >> 3/9/2022 - GTT is closely monitoring the evolution of the situation in Ukraine and Russia, in close coordination with its partners. The Group expresses its solidarity with the populations who are victims of the ...
API Statement on US Ban of Russian Crude Oil & Refined Products
Russia >> 3/8/2022 - American Petroleum Institute (API) President and CEO Mike Sommers issued the following statement following an announcement from the White House to ban imports of Russian crude oil and refined products...
OEUK Responds to Russia Oil Ban
Russia >> 3/8/2022 - Offshore Energies UK (OEUK), the leading trade association for the offshore energy industry has reiterated its commitment to working with the Government to ensure security of energy supply across the ...
Shell Announces Intent to Withdraw from Russian Oil & Gas
Shell Announces Intent to Withdraw from Russian Oil & Gas Russia >> 3/8/2022 - Shell plc (Shell) announced its intent to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and liquefied natural gas (LNG) in a phased manner, al...
Honeywell Announces Statement about Business in Russia and Belarus
Russia >> 3/8/2022 - Given the current conditions in eastern Europe, we have suspended substantially all of our sales, distribution and service activities in Russia and Belarus. We continue to evaluate the situation. Our ...
Plexus Holdings Suspends Activities with Russian License Partner Gusar
Russia >> 3/7/2022 - Plexus Holdings PLC said Monday that it has suspended activities with its Russian license partner, LLC Gusar, because of the war in Ukraine, and that this isn't expected to materially hurt its financi...
Wood’s Position in Russia & Support to Ukraine
Russia >> 3/7/2022 - Like the rest of the world, we are shocked and deeply saddened by the tragic events in Ukraine. Wood strongly condemns the invasion and stands with the international community in calling for peace. We...
Ørsted Updates Investors on the Company’s Exposure to Gas Contract with Gazprom
Russia >> 3/7/2022 - Ørsted condemns the Russian invasion of Ukraine and has already taken several steps to stop its cooperation with Russian companies.

Ørsted...
Update on Uniper’s Russian Activities & Way Forward
Russia >> 3/7/2022 - - Uniper strongly condemns Russian invasion of Ukraine
- Uniper has taken decision to record a full impairment loss on its loan to Nord Stream 2
- Divestment process for Russian subsidiary U...
Solvay to Suspend Operations in Russia
Russia >> 3/7/2022 - - €1M donated to aid relief efforts in Ukraine through Solvay Solidarity Fund
- Solvay pledges to match employees' private donations

Solvay is deeply concerned by the dramatic humanita...
OMV No Longer Pursues Investments in Russia
Russia >> 3/5/2022 - - Russia will no longer be a core region
- Strategic options for Yuzhno Russkoye to be assessed including possibilities to divest or exit
- Achimov interest in West Siberian gas field Urengo...
Nord Stream 1 is not Targeted by the Sanctions
Russia >> 3/4/2022 - Nord Stream AG is a joint venture of five reputable European energy companies, which has been successfully operating the Nord Stream Pipeline for more than 10 years.

Nord Stream...
Clariant Suspends All Business with Russia
Russia >> 3/4/2022 - Clariant, a focused, sustainable, and innovative specialty chemical company, announced it will suspend business with Russia in response to the Russian state’s intolerable acts of violence in the Ukrai...
Eneco's Response to the Situation in Ukraine
Russia >> 3/4/2022 - Russia's terrible attack on Ukraine is also the main topic in the energy world. We are noticing that the situation is raising many questions about the gas we supply. We at Eneco think it is important ...
Wintershall Dea Writes off Financing of Nord Stream 2
Russia >> 3/2/2022 - - No additional projects in Russia will be advanced or implemented
- Payment transactions already stopped
- Critical infrastructure will continue to be operated
- Joint statement from W...
ExxonMobil to Discontinue Sakhalin-1, Make no New Investments in Russia
Russia >> 3/1/2022 - ExxonMobil supports the people of Ukraine as they seek to defend their freedom and determine their own future as a nation. We deplore Russia’s military action that violates the territorial integrity o...
Neste Mostly Replaced Russian Crude Oil with Other Crudes
Russia >> 3/1/2022 - The European business community has been united in condemning the invasion of Ukraine by Russia. We have a common concern about the situation.

Due to the current situati...
Sakhalin Energy Assets Operate as Usual
Russia >> 2/25/2022 - “The company continues operating in full and across all directions. Safety, health and care for our personnel and contractors as well as ensuring sustainable and reliable production remain an absolute...
15 Percent of the Transhipment in Rotterdam is Russia-Related
Russia >> 2/24/2022 - 62 million tons of the almost 470 million transhipment in the port of Rotterdam is Russia-oriented. Via the port of Rotterdam, many energy carriers are imported from Russia. Broadly speaking, at prese...
Natural Gas to Play Major Role in Satisfying Growing Energy Demand
Russia >> 2/15/2022 - The Gazprom Board of Directors took note of the information about the development and implementation of projects designed to reduce the negative impacts brought about by energy transition processes. ...

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