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Category: Russia

Gazprom’s exports to non-CIS countries fell by 43.4%

Gazprom’s exports to non-CIS countries for 10.5 months of this year decreased by 43.4% compared to the same period last year – to 93.2 bcm…

In October, oil production in Russia amounted to 9.9 million bpd

In October, Russia’s oil production amounted to 9.9 million bpd, Deputy Prime Minister Alexander Novak told reporters. Earlier, Novak said that in November, production will remain…

Erdogan says he agreed with Putin to form natural gas hub in Turkey

Turkish President Recep Tayyip Erdogan said he had reached an agreement with Russian President Vladimir Putin to create a “gas hub”. Speaking to members of…

Russia Sanctions Spur Buying Frenzy for Ice-Breaking Tankers

The cost of oil tankers that can navigate icy waters has surged ahead of looming European Union sanctions on the export of Russian crude. Some…

Gas leaks in Russian pipelines to Europe stoke sabotage fears

Europe was investigating leaks in two Russian gas pipelines that churned up the Baltic Sea with bubbles on Tuesday and raised concerns from Copenhagen to…

Putin and Erdogan agreed to start paying for Russian gas supplies in rubles

On Friday, at the talks in Sochi, the presidents of Russia and Turkey reached an agreement  on paying for Russian gas supplies in rubles, Deputy…

Gazprom’s production fell by 36 bcm in seven months

In January-July, Gazprom produced 262.4 billion cubic meters (bcm) of gas; this is by 12%, or by 35.8 bcm less than in the same period…

Russia wants to deprive oil revenues

The G7, a group of the seven most developed countries in the world, has begun preparing a mechanism that will allow setting a price ceiling…

Oil production at Sakhalin-1 decreased by 22 times

Oil production at the Sakhalin-1 project decreased by 22 times – to 10,000 barrels per day – due to restrictions and downtime, Russian Deputy Prime…

In July, Moldova will buy Russian gas for $980

In July, Moldova will buy gas from Russia at a price of $980 per thousand cubic meters, i.e., prices will increase by more than 11% compared…

Europe may shift back to coal as Russia turns down gas flows

Europe’s biggest Russian gas buyers raced to find alternative fuel supplies on Monday and could burn more coal to cope with reduced gas flows from…

WSJ: OPEC is studying the suspension of Russia’s participation in the OPEC + deal

The Wall Street Journal, citing OPEC delegates, reports that some OPEC members are considering suspending Russia’s participation in the OPEC+ deal amid Western sanctions. The…

Russia might cut oil production

Lukoil Vice President Leonid Fedun believes that Russia needs to reduce oil production by a third. According to him, oil companies bear the costs of…

Russian oil’s Achilles’ heel: insurance

Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens to throw a spanner in…

Cargoes of Russia’s flagship crude oil at sea climb to record high

Some 62 million barrels of Russia’s flagship Urals crude oil, a record amount, are sitting in vessels at sea, data from energy analytics firm Vortexa…

Gazprom supplying 46.1 mcm of gas to Europe via Ukraine

Russia’s Gazprom delivers gas to Europe in transit through Ukraine in the amount of 46.1 million cubic meters per day through the Sudzha gas measuring…

Russia stops gas flows to Finland over payments dispute

Russia’s Gazprom on Saturday halted gas exports to neighbouring Finland, in the latest escalation of an energy payments dispute with Western nations. Gazprom Export has…

Eni begins process of opening accounts in Gazprombank as temporary measure

Italy’s Eni has begun the process of opening two “K” type settlement accounts with Gazprombank (one in euros, the other in rubles) as a precautionary…

Shell gas stations stop working in Russia

Gas stations of the Anglo-Dutch company Shell stopped selling fuel in Russia, but cafes and shops at gas stations continue to operate, a company representative…

Gazprom’s exports to non-CIS countries decreased by 27% over four months

Russian gas exports to non-CIS countries in April 2022 (11.6 bcm) practically repeated the same modest result of January this year (11.4 bcm) due to…

Discounts on Urals oil reached $37 per barrel

The discount on Russian export oil Urals in relation to the benchmark Brent reached a maximum of $37 per barrel on April 19, after which…

Azerbaijan starts to pay Russia for gas in rubles

“Moscow has taken preventive measures to reduce risks, appeared from West’s actions. Moscow has made a more active transition to operations in national currencies with…

Reserves of the Caspian field LUKoil may amount to 140-150 mln tons

The hydrocarbon reserves of the new gas condensate field discovered by Lukoil in the Caspian Sea within the geological structure Titonskaya can amount to 140-150 million tons…

Export of Russian gas to non-CIS countries decreased by 26.4%

Gazprom’s exports to non-CIS countries over 3.5 months decreased by 26.4% compared to the same period last year – to 44.6 billion cubic meters, the…

Russian gas price for Moldova to rise to $1193 in April

The purchase price of Russian gas for Moldova in April will rise to $1,193 per thousand cubic meters, said the head of Moldovagaz, Vadim Cheban….

Gazprom continues supplying gas for transit to Europe via Ukraine as normal

Gazprom continues supplying Russian gas for transit to Europe through Ukrainian territory as per normal, Spokesman Sergey Kupriyanov told reporters. “Gazprom supplies Russian gas for…

TotalEnergies Not Planning to Divest Russia Assets

TotalEnergies SE doesn’t plan to divest its Russian assets amid the war in Ukraine, as doing so would essentially mean handing them over to President…

Ukraine crisis: Why India is buying more Russian oil

Russia is seeking new markets for its oil exports as Western sanctions tighten – and India has been taking advantage of discounted prices to ramp…

Turkey’s dependence on Russian gas decreased from 51% to 40%

Turkey’s dependence on Russian gas has dropped from 51% to 40% in four years, Foreign Minister Mevlut Cavusoglu said. Turkey has seen Russia as a…

Lukoil’s global trading arm scales back operations following sanctions

The Swiss trading arm of Russian energy giant Lukoil has scaled back operations after the oil company cut its supply of capital to guarantee nearly…

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