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Category: Russia

Russia Remains Largest Exporter of Gas to Italian Market

There is a wealth of experience in energy cooperation between Russia and Italy. This statement was made by Russian President Vladimir Putin at a press…

SOCAR gets stake in Russian Oil Refinery

The Russian company Socar Energy Resource acquired 80% of the shares of Antipinsky Oil Refinery (processing up to 9 million tons per year, located in…

Shell Confirms Withdrawal from Baltic LNG Project

Shell no longer works with Gazprom on the project to build a gas liquefaction plant in Ust-Luga, Cedric Kremers, the chairman of the concern in…

SOCAR talks on acquisition of oil fields in Russia

Currently, no investment decision has been made on acquisition of Antipinsky Refinery and oil fields in Russia by Azerbaijan’s state oil company SOCAR, spokesperson for…

Russian gas output grows 3.3% to 197.04 bcm in Q1

Gas production in Russia rose by 3.3% year-on-year to 197.04 billion cubic meters in the first quarter of 2019, the latest data from the Central…

Gazprom hopes for growth in demand for Russian gas in Europe

Gazprom expects that demand for Russian gas in Europe in the medium term will only grow, said company head Alexei Miller at today’s meeting with…

Gazprom Announces Increase in Share of Russian Gas in EU Market

In 2018, Gazprom increased its share in the EU gas market to 36.7% from 34.2% in 2017. This statement was made by Gazprom Export Director…

Gazprom Falls $3.2 Bn on EU Nord Stream-2 Decision

Gazprom’s shares are ending the third week in a row with a fall against the background of a sharp reduction in gas demand in Europe…

Gazprom Announces Budget for Export Gas Pipelines to Be Implemented in 2019

In 2019, PJSC Gazprom will direct 53.17 billion rubles to the implementation of the Nord Stream-2 project, as it follows from the company’s materials. On…

Gas Production in Russia to Beat Record in 2018

Natural gas production in Russia this year will exceed 700 bcm, which will be a new record. “The record of gas production will be set…

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