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Category: Russia

Oil and Equities Rattled by Escalations Between Russia and West

U.S. equity futures slid, bonds rose and oil surged Monday amid heightened market uncertainty after Western nations unveiled harsher sanctions on Russia for the invasion…

Medvedev promised Europeans a gas price of €2,000

Medvedev promised Europeans a gas price of €2,000 Deputy Chairman of the Russian Security Council Dmitry Medvedev said that Europe would have to pay €2,000…

Nord Stream delivered 441 bcm of gas to Europe

The volume of natural gas transportation through the Nord Stream gas pipeline in 2021 amounted to 59.2 bcm, reported  the project operator Nord Stream. “The…

Gazprom’s revenues from gas exports doubled in 2021

In 2021, Gazprom earned $55.507 billion from the export of pipeline gas. This is almost 2.2 times more than a year earlier, the Federal Customs…

LUKOIL will put into operation a new field in the Caspian Sea in 2022

Azat Shamsuarov, First Vice President of LUKOIL, and Sergey Kochkurov, Vice President for Oil and Gas Production of the company, met with Governor of the…

Peskov: Russia will not stop gas supplies to Europe in response to sanctions

The Kremlin called “fake hysteria” reports that Russia, in response to sanctions, could stop gas supplies to Europe. “This is another brilliant example of such…

At the end of 2021, Russia produced 762 bcm gas

The volume of gas production in Russia in 2021 increased by 10% compared to 2020 and amounted to 762.3 bcm, according to the operational report…

Gazprom, Turkey’s Botas ink new four-year agreement

Russia’s Gazprom Export and Turkey’s Botas have signed new agreements on gas supply and the operation of gas infrastructure, Report informs, citing Gazprom export. The contract with…

Miller promised record dividends to Gazprom investors

Gazprom expects the maximum financial result in the entire history of the company by the end of 2021, said Alexey Miller, Chairman of the Board…

Turkey extended contracts for gas imports from Russia

Three Turkish gas companies, which account for almost 12% of the country’s annual demand, have extended the contract for the supply of gas with Gazprom,…

Gazprom expects maximum production in 13 years in 2021

Gazprom “in 2021 will produce 515 bcmgas, by 62.2 bcm more than in 2020, said the chairman of the board of directors Alexey Miller at…

Gazprom Sees Gas 2022 Export Price Up Six Percent

Gazprom PJSC’s 2022 budget took a typically prudent view of gas prices, despite record-high energy costs in its main export market and few signals Europe’s…

LUKoil to pay $ 1.45 billion for the acquisition of a share in Shah Deniz

LUKOIL signed amendments to the agreement on the acquisition from Petronas of a stake in the Shah Deniz project (Azerbaijan), concluded on October 7, 2021….

Russia expects oil market to return to pre-crisis level in 2022 — Deputy Prime Minister

Alexander Novak pointed out that the volatility in the oil market was not very high now, but the factor of the new strain had to…

Transit of Russian gas through Ukraine decreased by almost a quarter

Transit of natural gas through the gas transmission system (GTS) of Ukraine in January-November 2021 amounted to 38.3 bcm, by 23.6% less than in the…

Over 11 months Azerbaijan exported over 920 thousand tons of oil through Russia

Azerbaijan exported 922.7 thousand tons of oil via the Baku-Novorossiysk oil pipeline in January-November 2021.      Such data are contained in the operational report “Central Dispatch…

Russia, Vietnam aim for further promotion of partnership — statement

The statement confirms the “mutual intent for further promotion of relations of comprehensive strategic partnership” Russian President Vladimir Putin and President of Vietnam Nguyen Xuan…

Turkey discussing increase in gas supplies to republic with Gazprom, says ministry

Turkey expects over 20 bln cubic meters of gas to be delivered to the republic by the end of 2021 Turkey and Gazprom are negotiating…

Gas production in Russia increased by 11.1% in ten months

In January-October 2021, the volume of gas production in Russia increased by 11.1% compared to the same period in 2020 and amounted to 625.67 bcm,…

Moldova will receive gas from Russia in November at a price of $450

Moldova, within the framework of a contract with Gazprom, will receive Russian gas in November at a price twice lower than the market price, wrote…

Russia to provide extra gas supplies to Europe if necessary, vows upper house speaker

Europe’s gas crisis deteriorated this autumn after it’s spot prices soared past $1,000 per 1,000 cubic meters and approached $2,000 per 1,000 cubic meters amid…

Russia cannot be blamed for gas crisis in Europe, says ex-BP CEO Dudley

Russia cannot be blamed for gas crisis in Europe, Chairman of the Oil and Gas Climate Initiative (OGCI), ex-CEO of BP, Bob Dudley told TASS…

Russia may earn additional $50 bn from rising oil and gas prices

Oil and gas revenues of the Russian budget and extra-budgetary funds in 2021 may grow by almost 70% compared to the level of 2020 or…

Moldova interested in long-term contract with Gazprom, says Deputy PM

Andrei Spinu said that during his trip to Russia he was unable to discuss this issue with Gazprom CEO Alexei Miller, due to objective circumstances,…

Putin predicts growth in oil consumption until 2045

The rate of oil consumption until 2024 will grow by 0.7% per year, gas prices will also rise, said Russian President Vladimir Putin at a…

Putin Looks To Limit Wealth Fund Spending

Russian President Vladimir Putin has ordered the government to decide whether it is viable to limit the spending of the Russian sovereign wealth fund in view of…

BOTAŞ discusses 3-year extension of Turkish Stream contract

The Turkish gas transportation monopoly BOTAŞ is discussing with Gazprom the conclusion of a new medium-term (three-year) contract for the supply of gas via Turkish…

Mishustin instructed to prepare the economy for the global rejection of oil and gas

Russian Prime Minister Mikhail Mishustin on September 20 instructed to develop a plan for adapting the Russian economy to the global energy transition by the…

Price of AI-95 gasoline hits new record in Russia

The price of AI-95 gasoline at the Saint-Petersburg International Mercantile Exchange (SPIMEX) has once again hit a record, Report informs, citing foreign media. Today, the price for…

LUKoil President Reveals Plans for the North Caspian

LUKOIL has submitted for approval the reserves of the Severo-Rakushechnoye field in the amount of about 30 million tons, the president of the company, Vagit…

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