The Latest Breaking News from Gazprom

Blaze at Portovaya plant visible from neighbouring Finland amid fears for climate impact

Helsinki (AFP) - Finns are being urged to turn down their thermostats this winter, take shorter showers and spend less time in their beloved saunas, as Europe faces an energy crunch following Russia's war in Ukraine.

The cost of wholesale European gas has increased by 572% this year to 276.23 euros per megawatt-hour, or approximately $274.70. Analysts predict that price increases will continue as winter approaches, fueling inflationary fears as Europe battles to cope with Russia's interruption of natural gas supplies.

German leader Olaf Scholz says he's working as fast as he can to reduce Germany's dependence on Russia for energy, but Canadian Prime Minister Justin Trudeau says a business case is needed to send gas from Canada to Europe

Here’s a select list of stories to read before you start your day

Russia’s state-owned energy company Gazprom says a key pipeline conveying natural gas to Europe will shut down for three days at the end of this month to undergo “routine maintenance.”

The firm said the closure of the pipeline was being carried out for "routine maintenance". It comes at a time when gas prices across Europe are surging.

Russian state-owned firm delivering more gas through TurkStream pipeline than ‘contractually obliged’

Hundreds of Bulgarians have taken to the streets of the capital Sofia, voicing fears that the country’s caretaker government could break with the policies of its pro-Western predecessor and revert to close energy ties with Russia