Russia

Gazprom starts laying 2nd thread of Turkish Stream pipe
Russia

Gazprom starts laying 2nd thread of Turkish Stream pipe

Russian gas giant Gazprom has started laying the second thread of the Turkish Stream natural gas pipeline, Vedomosti business daily reported on Wednesday quoting a counteragent of Gazprom’s contractor and a government official, although the company said it is still building the first thread. Sources told the business daily that about 20–25 kilometers of the pipeline have been laid on […]

Gazprom Placed Eurobonds at Record Low Rate
Russia

Gazprom Placed Eurobonds at Record Low Rate

Gazprom placed Eurobonds for 500 million Swiss francs at a record low rate of 2.25%, TASS reported citing First Vice President of Gazprombank Denis Shulakov. According to him, the said rate “is historically the lowest level of borrowings not only of Gazprom, but also of any Russian issuer.” Applications from investors came from leading European countries, including Germany, Britain and […]

Russia to Take Fifth Place in World for LNG Production by 2025
Russia

Russia to Take Fifth Place in World for LNG Production by 2025

Russia will rise to the fifth place in the world for LNG production from the ninth after the Yamal LNG project is launched to full capacity. This statement was made by the head of Novatek Leonid Mikhelson yesterday at a meeting of the leaders of Russia and the PRC with representatives of public organizations, business circles and media communities of […]

Gas Production in Russia Increased by 11.3% in H1 of 2017
Russia

Gas Production in Russia Increased by 11.3% in H1 of 2017

The volume of gas production in Russia in January-June of 2017 increased by 11.3% compared to the same indicator of 2016 and amounted to 342.543 bcm. Such data are contained in the operational summary of CDU TEK. It should be borne in mind that in February 2017 there is 1 day less than in February 2016, CDU TEK notes. In […]

Russia World Leader in Gas and Oil Exports
Russia

Russia World Leader in Gas and Oil Exports

Russia has maintained the first place in the world in terms of export volumes of oil and pipeline gas, taking a share in world supplies of black gold at 13.2%, and in deliveries of blue fuel – 18.9%. Such calculations are given in the statistical review of the world energy industry by the results of 2016, compiled by analysts of […]

Gazprom to build 1100 km of Power of Siberia in 2017
Russia

Gazprom to build 1100 km of Power of Siberia in 2017

In 2017, Gazprom, a Russian gas holding, is planning to build over 1,100 km of gas pipeline within the Power of Siberia project, with a total length of 3,000 km, the company’s Deputy Chairman, Vitaly Markelov, told reporters on Thursday. “This year we plan to build over 1,100 km,” he said. In addition, Mr. Markelov noted that the construction plan […]

Uzbekistan and Gazprom Agree on Cooperation
Russia

Uzbekistan and Gazprom Agree on Cooperation

The national holding company Uzbekneftegaz and Russian Gazprom signed an agreement on strategic cooperation between the two companies. Gazeta.uz reports that on June 3, a document within the framework of the St. Petersburg International Economic Forum was signed by Deputy Prime Minister of Uzbekistan, Chairman of the Board of Managers of the Uzbekneftegaz Company Gulomzhon Ibrahimov and Chairman of the […]

Russia Discussing Entry Point to EU with Greece and Bulgaria
Russia

Russia Discussing Entry Point to EU with Greece and Bulgaria

Russia is discussing the entry point of the Turkish Stream to Europe with Greece and Bulgaria, Russian Prime Minister Dmitry Medvedev told journalists in Istanbul on May 22. At the same time, according to him, there is an opportunity to connect other countries. In general, the implementation of plans on the territory of the EU depends on the decisions of […]

Caspian Collapse: Cargo Turnover of Russian Ports Plummeted
Russia

Caspian Collapse: Cargo Turnover of Russian Ports Plummeted

According to the Association of Russian Sea Ports, during the first four months of 2017 the volume of cargo transshipment in the Caspian Sea ports fell by 48.4% to the level of 1.1 million tons. In fact, this situation is described by the word “collapse”; in the total cargo turnover of Russian ports (250.3 million tons) just a fraction of […]

Forbes Compiles Rating of Largest Buyers of Russian Oil
Russia

Forbes Compiles Rating of Largest Buyers of Russian Oil

Twenty of the rating participants account for almost 85% of Russian oil exports, and in 2016 it reached 254.8 million tons. In the first place is Litasco, the Swiss trader of Lukoil. While oil-dependent states patch budget holes, and mining companies become weaned from super-profits and turn off investments, the trading business feels fine. Oil traders do not carry mining […]

Any future for the Turkish Stream pipeline?
Russia

Any future for the Turkish Stream pipeline?

Just recently Moscow announced that GAZPROM was about to start construction of the Turkish Stream, a potential compliment to the already functioning Blue Stream. The Turkish Stream would supply natural gas from Russia to Turkey. This news comes a few weeks after Mr Erdogan got a landslide victory in recent elections giving him power to reorganize the Turkish political system. […]

Turkstream pipeline begins, says Gazprom
Russia

Turkstream pipeline begins, says Gazprom

On May 7, Gazprom started the laying of the Turkish Stream gas pipeline, Gazprom said. The Audacia ship of the All Seas Company (the world leader in the laying of underwater pipelines), which is a contractor of both strings of the offshore section of the gas pipeline, is laying the pipes. Audacia will subsequently pull the pipes from the shore […]

Russian Diplomat: Nord Stream-2 Project to Be Implemented
Russia

Russian Diplomat: Nord Stream-2 Project to Be Implemented

The Nord Stream-2 project will be implemented, Russia’s permanent representative to the EU, Vladimir Chizhov, said for Rossiya-24. “I personally believe, not because I’m a born optimist, which is part of my profession, but because I know quite firmly – Nord Stream -2 will be implemented,” the diplomat said. According to him, there are dissatisfied countries that filed lawsuits against […]