• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 7 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 13 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 1 day "False Flag Planted In Nord Stream Pipeline, GFANZ, Gore, Carney, Net Zero, U.S. Banks, Fake Meat, and more" - NEWS in 28 minutes
  • 16 hours ""Green" Energy Is a Scam. It Isn't MEANT to Work." - By James Corbett of The Corbett Report
  • 1 hour Wind droughts
  • 6 days Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 2 days Xi Is Set To Be Re-Elected As China’s Leader
  • 21 hours 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 11 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 11 hours Australian power prices go insane
  • 10 days Oil Prices Fall After Fed Raises Rates
  • 15 hours Europeans and Americans are beginning to see the results of depending on renewables.
  • 12 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
Sweden Finds A Fourth Leak In Nord Stream Pipelines

Sweden Finds A Fourth Leak In Nord Stream Pipelines

Sweden’s Coast Guard has discovered…

Russia Halts Oil Pipeline Exports To Europe Via Ukraine

Russian oil exports through the Druzhba pipeline via Ukraine were suspended in early August due to a problem with transit fee payments, Russian news agency Interfax reported on Tuesday, quoting a statement from Russia’s oil pipeline operator Transneft.

The southern leg of the Druzhba oil pipeline from Russia to Europe passes through Ukraine, and oil is being delivered to refineries in Hungary, Slovakia, and the Czech Republic. The northern branch of the pipeline crosses Belarus and ships oil to Poland and Germany. Oil transit from Russia via the northern leg of the Druzhba pipeline continues, Interfax says.

Transneft says the reason for the suspension of pipeline oil exports via Ukraine is that a payment it had made to Ukraine’s Ukrtransnafta on July 22 for the transit fees for August didn’t go through and was returned to Transneft’s account on July 28.

“The situation is complicated because European regulators haven’t come up yet with a unified position on how banks should act in various jurisdictions, and they haven’t developed a process to issue permits, either,” Transneft says, as quoted by Interfax.

Therefore, Russian oil exports via Ukraine were halted on August 4, the company added.

The suspension of Russian oil exports via pipeline opens another confrontation between Russia and the EU on Russian energy deliveries to Europe.  

The EU, when announcing the embargo on Russian oil imports—to come into force at the end of this year—exempted imports of Russia crude and petroleum products via pipeline because several landlocked countries, such as Hungary, the Czech Republic, and Slovakia, are highly dependent on pipeline oil supply from Russia. EU member states dependent on Russian pipeline oil were given a temporary exemption to import Russian crude via pipeline until the EU Council decides otherwise, but were not allowed to resell such crude oil and petroleum products to other Member States or third countries.

Now it’s Hungary, the Czech Republic, and Slovakia whose supplies from Russia have been cut. Russia has also cut off natural gas deliveries to several EU member states and has slashed supply via Nord Stream to Germany to just 20% of the gas pipeline’s capacity.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News