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Category: Russia

Lukoil starts development of the second stage of Filanovsky deposit

Lukoil began drilling the first production well at the second stage of the Vladimir Filanovsky deposit in the Caspian Sea. As stated in the company’s…

Production of Liquefied Gas at Yamal LNG Plant Launched

The Yamal LNG plant controlled by NOVATEK started production of liquefied natural gas (LNG) on the first production line with a design capacity of 5.5…

Gazprom and Turkey Consider Signing Protocol of Turkish Stream

Construction of one of the most important pipelines of Gazprom, which will strengthen the position of Russian gas in the European market, is at the…

Gazprom built more than half of the pipeline Power of Siberia

Gazprom has built 1095 km of the gas pipeline to China “The Power of Siberia”, the construction is carried out at a rapid pace, the…

Gazprom increased gas production by 18.4%

Gazprom from January 1 to October 15 increased gas production by 18.4% compared to the same period last year – up to 361.1 billion cubic…

Gazprom to set record of gas deliveries to Turkey

“This evidences once again the Turkish Stream is a project that is feasible and a strongly sought for,” Miller said Gazprom will set a record…

Gazprom Has New Deposit with Huge Gas Reserves

Reserves of the Tambeyskoye field of Gazprom can grow up to 3.7 trillion cubic meters, which is 2.5 trillion cubic meters more than the volume…

Export Duty on Oil in Russia to Grow from September 1

The export duty on oil in Russia from September 1, 2017, according to the calculations of the RF Ministry of Finance, will increase by $…

Gazprom and Shell Agree on Feasibility Study for Baltic LNG

Gazprom LNG St. Petersburg and Shell Gas & Power Developments B.V. signed an agreement on the feasibility study on Baltic LNG on August 8, the…

Net Profit of Rosneft Falls by 20% in H1, 2017

Rosneft increased its daily average production of hydrocarbons in the first half of 2017 by 10.2% compared to the same period a year earlier to…

Gazprom Increases Its Revenues from Gas Exports by 19.5% in H1

Gazprom’s revenues from gas exports in January-June 2017 increased by 19.5%, compared to the same period last year. The company’s total profit was $ 17.89…

Russia: American Business Wants to Control Gas Trade between Russia and Europe

American business wants to enter the gas transportation system of Ukraine and this explains a number of norms of the US sanctions law, an informed…

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…

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….

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…

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…

About a possible withdrawal of Gazprom from Turkey

“Kommersant” reported about a possible withdrawal of Gazprom from Turkey Gazprom may soon have to leave the domestic market of Turkey and to focus on…

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…

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…

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…

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…

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…

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…

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…

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…

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…

Gazprom to Start Construction of Turkish Stream in Summer of 2017

Beginning of laying the pipes of the first string of the Turkish Stream gas pipeline is planned for the summer of 2017, Gazprom said. As…

Sechin and Kadyrov held meeting in Moscow

 The head of Rosneft Igor Sechin and the head of Chechnya Ramzan Kadyrov held a meeting in Moscow, during which they have agreed to form…

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