The Latest Breaking News from Gazprom

President Vladimir Putin's threat to completely cut off energy supplies to the West in a deepening confrontation over Ukraine could prove to be a double-edged sword for Russia.

Natural gas has featured regularly in the news of late, with the wholesale price having more than doubled in 2022 after Russia’s invasion of Ukraine. The UK government has also reopened the controversial debate on fracking as a way of reducing natural gas imports.

Europe is struggling to contain an energy crisis that could lead to rolling blackouts, shuttered factories and a deep recession.

Russia is pushing to reduce reliance on the US dollar and boost economic ties with China amid Western sanctions.

Europe is struggling to contain an energy crisis as Russia throttles back supplies of natural gas

Russia's biggest natural gas pipeline to Europe will not resume pumping until Siemens Energy repairs faulty equipment, Gazprom’s Deputy Chief Executive Vitaly Markelov told Reuters on Tuesday.

Quick, somebody repair the slippery floors and close all the open hospital windows in Moscow. One was obviously responsible for the freak-accident death of Ravil Maganov, the chairman of Russia’s second-largest oil producer, Lukoil. Maganov must have tripped, perhaps on his IV line, before plummeting to his death on Thursday.

Energy giant Gazprom, which traditionally has had a large market across Europe, released the film on Monday three days after it announced the indefinite shutdown of pipeline Nord Stream 1

Speculation that incoming prime minister Liz Truss is planning a freeze to energy bills lifted retailers and stocks with exposure to the UK economy today.