Gazprom is facing financial losses and is appealing to authorities for household gas price increases, as well as a rise in transportation tariffs for independent Russian suppliers. "The company was sacrificed on the altar of Putin's imperial ambitions,

Russia pumped 2.8% lower volumes of crude oil and condensate in 2024 from a year earlier, while its natural gas production rose by 7.6%

Russian gas giant Gazprom , squeezed by plunging sales abroad as the Ukraine conflict prompts European buyers to turn away, is seeking to raise regulated prices at home to fund investment, Interfax news agency reported on Thursday.

Russia has long used its plentiful energy resources as a tool to exert control over the region, where independence from Russian energy is tied to political sovereignty.

Hungary has stopped delaying the renewal of European sanctions on Moscow, which may have detrimental consequences on its relationship with Russia.

The EU has renewed sanctions against Russia despite Hungary's initial objections, following assurances on energy-related issues and amidst Belarus election controversy.

Gazprom recalls that Russian natural gas supplies began to consumers in Uzbekistan via Kazakhstan in October 2023. Supplies are organized in reverse mode along a specially designated route along the Central Asia-Center main gas pipeline system.

Russian President Vladimir Putin is starting 2025 with a bang. In a nod to U.S. President Donald Trump’s desire for a settlement in Ukraine, the Kremlin has announced its readiness for negotiations “without preconditions.

Officials The EU is discussing the option of resuming full-scale purchases of Russian pipeline gas as part of a potential settlement of the conflict on Ukraine. It is reported by The Financial Times,

Gas prices in Russia do not meet Gazprom's needs for implementing investment projects, stated Aleksei Sakharov, head of Gazprom's strategic division, during a meeting of the Expert Council under the State Duma,

Russia concentrates on Donetsk hoping for a decisive breakthrough, as Ukraine claims Moscow has lost almost 835,000 men.

The ongoing conflict has highlighted the importance of diversifying gas supplies to build resilience against geopolitical risks