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Category: Russia

The World’s Most Controversial Pipeline Hits Another Hurdle

DNV GL, a Norwegian risk management and quality assurance firm, told Reuters on Thursday it had suspended work on the gas pipeline Nord Stream 2 to avoid…

Russian Gasification Level to Grow to 75% by 2026

Currently, the implementation of gas supply and gasification development programs for 2016-2020 is being completed According to preliminary data, during this period Gazprom will build…

Russia Supplies 3.5 Bcm of Gas to China Since Launch of Power of Siberia-1

Deputy Prime Minister of the Russian Federation A. Novak held the 17th meeting of the intergovernmental Russian-Chinese commission on energy cooperation According to him, Russia…

Rosneft, Gazprom Report Losses of 770 Billion Rubles

Rosneft and Gazprom, the two largest raw material exporters of Russia, reported on Friday record losses in their history, finanz.ru reports According to the results of…

Novatek’s Net Profit Falls by 34 Times

Net profit of Novatek according to international financial reporting standards (IFRS), attributable to shareholders, in January-September 2020 decreased 34 times compared to the same period…

Russia’s Crude Oil Exports Drop 8% In January-August

Russia’s crude oil exports dropped by 7.9 percent year over year in the period January to August, according to Russian federal customs data cited by local…

Lavrov: Russia Does Not Impose Its Gas on Anyone

Russia does not impose its gas on anyone, and talk about the dependence of European countries on it is aimed at sowing unfounded doubts, said…

OPEC+ Production Cuts Could Be Extended: Putin

Russia does not rule out the possibility that OPEC+ could extend its current 7.7 million barrels per day of production cuts into next year, according…

Nord Stream 2 Urgency Diminishes

Germany won’t need additional gas flows this season, giving Chancellor Angela Merkel and Russian President Vladimir Putin another reason to bide their time on the…

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…

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