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Category: Russia

Transportation of Russian Gas to Europe via Turkish Stream Becomes Much More Expensive Than via Ukraine

In the first half of the year Bulgaria became the most expensive transit country for Gazprom. The Russian company paid for actual transit and for…

Russia’s Gazprom Boosts Natural Gas Supplies To China

Russia’s natural gas monopoly Gazprom has increased its natural gas supply to China via the new pipeline Power of Siberia in July and August, compared…

Russia Sees Oil Above $50 in 2021

Russia sees oil prices averaging $50 to $55 a barrel in 2021 as the development of Covid-19 vaccines spurs an economic recovery, said Energy Minster…

Azerbaijan to Export 160 Thousand Tons of Oil through Russia in September

SOCAR (State Oil Company of Azerbaijan) plans to pump 160 thousand tons of oil through the Baku-Novorossiysk oil pipeline in September. SOCAR official representative Ibrahim…

Gazprom Sees Profits Slump In H1 2020

Russia’s Gazprom reported an operating profit of $2.57 billion (189.99 billion rubles) for the first half of the year, down from $10.57 billion (780.88 billion rubles) a…

Gazprom to Lay New Gas Pipeline to China

Chairman of the Board of Gazprom Aleksey Miller and Prime Minister of Mongolia Ukhnaagiin Khurelsukh during a video conference on August 25 discussed prospects for…

How Will Turkey’s Discovery of Its Own Gas Field Affect Cooperation with Russia?

Russian Gazprom began to lose ground in the Turkish market even before Turkey opened its first large gas field of its own. Therefore, the development…

Oil, Gas Production in Russia Collapsed at Record since Collapse of USSR

The raw materials industry, due to which the country receives 80% of its proceeds in foreign currency, is experiencing a recession, which statistics have not…

Azerbaijan Exported 85,000 Tons of Oil through Russia in July

The State Oil Company of Azerbaijan pumped about 85 thousand tons of oil through the Baku-Novorossiysk oil pipeline in July. This was announced by the…

Gazprom Lost More Than $ 10 Billion in Five Months

Spring and summer of 2020 are likely to go down in the history of Gazprom as the most “black period” from the beginning of the…

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