Search Site

Trends banner

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Gazprom delivers 41.5m cu.m of gas to Europe per day through Ukraine

Gazprom is delivering the gas to Europe through Ukraine via Sudzha. (AFP)
  • The gas is supplied via Sudzha gas pumping station in an amount approved by Ukraine, a Gazprom spokesman said.
  • The transit line through Ukraine remains the only route for Russian gas supplies to western and central European countries.

Moscow, Russia — The volume of Russian gas supplies to Europe through Ukraine is 41.5 million cubic meters per day, a Gazprom spokesman said.

“Gazprom continues to supply Russian gas for transit through Ukrainian territory via the Sudzha gas pumping station in an amount approved by Ukraine. The volume is 41.5 million cubic meters for August 26. A request for transit via the Sokhranovka gas pumping station was rejected,” he said, according to TASS.

The volume stood at 42.4 million cubic meters on August 25.

The transit line through Ukraine remains the only route for Russian gas supplies to western and central European countries. Pumping through the Nord Stream pipeline was completely suspended.

Gas supplies via Turkish Stream and Blue Stream are intended for Turkey and southern and southeastern European countries.

In May 2022, the Gas Transmission System Operator of Ukraine said it would suspend the flow of gas to Europe via the Sokhranovka transit point due to force majeure as the company allegedly was unable to control the Novopskov gas compressor station in the Lugansk People’s Republic. However, the Russian gas giant did not see any proof of force majeure.

In the fall of 2022, Ukraine’s Naftogaz company filed a petition for arbitration with the International Arbitration Court against Gazprom for allegedly being late with its payment for gas transportation services through Ukraine. Gazprom CEO Alexey Miller stated that the Russian company considered Naftogaz’s arbitration to be illegitimate. Meanwhile, Russia may impose sanctions against Naftogaz in the event of further unfair actions by the Ukrainian company. Then, any relations with Naftogaz will be impossible, Miller said.