Lukoil News

The European Union is navigating a complex energy transition as it seeks to reduce reliance on Russian energy supplies. The EU's outgoing top energy official has cautioned against rebranding Russian gas piped through Ukraine as Azerbaijani imports. Meanwhile, an Austrian utility's decision to halt payments to Gazprom could set a precedent for other European companies aiming to cut ties with the Russian energy giant. Azerbaijan has begun supplying gas to Slovakia's SPP, marking a significant step in Europe's diversification of energy sources. With Ukraine's pipeline transit deal set to expire in 2024, concerns about reduced Russian imports loom large. Turkey is also eyeing a larger role in energy exports. Lukoil's crude supplies to Hungary and Slovakia have stabilized, according to reports.