... Under the terms of the deal, the EU will annually buy oil, liquefied natural gas (LNG), and even nuclear fuel from the US – the total volume of contracts is estimated at an enormous $750 billion over the coming years. The main goal is to fully replace oil and gas supplies from Russia with American imports by the end of 2027, thereby ensuring Europe’s energy independence from Russia. All EU countries have agreed to open their markets to the US and establish a unified customs tariff of 15% on most goods. This ...

He shared his opinion on the creation of a new gas trading hub in Turkey with the readers of the newspaper "Vzglyad." Turkey and Russia continue to strengthen their energy cooperation, discussing the creation of a joint gas hub. This project could shift ... ... relates to the development of the Sakarya field in the Turkish part of the Black Sea,” says Sergey Tereshkin, CEO of Open Oil Market. The reserves of Sakarya are estimated to be at least 540 billion cubic meters of gas. Current gas production at ...

... Europe in exchange for partial tariff reductions on European goods. Over the next three years, the European Union pledged to purchase approximately $750 billion worth of oil, LNG, and even nuclear fuel from the U.S. The aim is to virtually replace oil and gas supplies from Russia by the end of 2027, thereby strengthening Europe's energy independence from Russia. Unified Tariff and Investments: All EU countries agreed to open their markets to American goods by establishing a unified import tariff of 15%....

Tereshkin: Gas prices in the EU will not exceed $500 per thousand cubic meters due to the "Sudzha" ... ... Economic Information Agency). On August 9, 2024, Sergey Tereshkin, CEO of the OPEN OIL MARKET oil products marketplace, commented on the potential consequences of reduced... ... "Sudzha" station in the overall gas imports to the EU, ongoing gas savings, and reduced consumption in industry. Tereshkin forecasts that the average monthly gas...

... world prices and fixed domestic fuel prices. In July, the dampener payout amounted to approximately 60 billion rubles, helping to contain the rising cost of gasoline for end consumers. However, such expenses burden the federal budget, especially since oil and gas revenues were around 787 billion rubles in July, according to the Ministry of Finance—lower than planned and below expectations for the third consecutive month. The government is discussing the possibility of temporarily adjusting or suspending ...