Novak called the expected volume of gas supplies to China by the Power of Siberia
Russian pipeline gas supplies to China via the “Power of Siberia” are expected to amount to 22 bcm this year, Russian Deputy Prime Minister Alexander…
In January, the Czech Republic completely dispensed with Russian gas supplies
In January 2023, the Czech Republic completely dispensed with the supply of Russian gas; the republic now receives this type of fuel from Norway, as…
Analysis: Gazprom’s export revenue may fall by 50% in 2023
Lost European sales could halve the export revenues of Russia’s Gazprom this year, meaning a steep reduction in tax income for the state, according to…
U.S. refiners expect Russian fuel sanctions to keep margins high
The European Union’s ban on Russian fuel imports that begins next week is expected to keep profit margins high this year at U.S. oil refiners,…
Novak: Russia aims to cooperate with Turkmenistan in oil and gas
The Russian side is aimed at cooperation with Turkmenistan in the field of oil and gas, including the creation of underground gas storage facilities in…
G7 price cap on Russian oil kicks in, Russia will only sell at market price
The Group of Seven price cap on Russian seaborne oil came into force on Monday as the West tries to limit Moscow’s ability to finance…
“Gazprom” reduced exports to non-CIS countries by 44.5 percent
Gazprom’s exports to non-CIS countries over the 11 months of this year decreased by 44.5% compared to the same period last year – to 95.2…
Russia has been suspending oil exports via Azerbaijani pipeline since December due to sanctions
Russia’s Lukoil will stop exports from its Caspian oilfields via the Baku-Tbilisi-Ceyhan (BTC) pipeline from December due to Western sanctions and divert them to the…
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…