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Gazprom continues supplying gas for transit to Europe via Ukraine as normal

Gazprom continues supplying Russian gas for transit to Europe through Ukrainian territory as per normal, Spokesman Sergey Kupriyanov told reporters. “Gazprom supplies Russian gas for…

TotalEnergies Not Planning to Divest Russia Assets

TotalEnergies SE doesn’t plan to divest its Russian assets amid the war in Ukraine, as doing so would essentially mean handing them over to President…

Ukraine crisis: Why India is buying more Russian oil

Russia is seeking new markets for its oil exports as Western sanctions tighten – and India has been taking advantage of discounted prices to ramp…

Turkey’s dependence on Russian gas decreased from 51% to 40%

Turkey’s dependence on Russian gas has dropped from 51% to 40% in four years, Foreign Minister Mevlut Cavusoglu said. Turkey has seen Russia as a…

Lukoil’s global trading arm scales back operations following sanctions

The Swiss trading arm of Russian energy giant Lukoil has scaled back operations after the oil company cut its supply of capital to guarantee nearly…

Gazprom workers told to rally around President Putin

Head of Russian gas monopoly Alexei Miller addresses employees as the Russian hydrocarbon industry heads for massive production shut-in Alexei Miller, the executive board chairman…

EU Ban on Russian Oil ‘Would Hit Everyone,’ Kremlin Says

A European Union ban on imports of Russian oil would have a profound effect on the global crude market and hit the continent hardest, said…

IEA: Oil production in Russia may fall by 3 million bpd due to sanctions

Against the backdrop of sanctions and refusals of oil buyers from abroad, Russia may reduce production by 3 million bpd in April, according to a…

EU eyes phasing out Russian gas in case of protracted conflict in Ukraine

The European Union may refuse to buy energy sources from Russia if the Ukraine conflict drags on, El Pais said, citing diplomatic sources. Report informs, citing…

EU Plans To End Russian Fossil Fuels Dependency Well Before 2030

The European Commission has proposed an outline of a plan to make Europe independent from Russian fossil fuels well before 2030 – starting with gas…

How much oil and oil products did Russia supply to the US?

Most of the Russian energy supplies are not oil, but oil products, the statistics from the Energy Information Administration (EIA) of the US Department of…

Oil markets hit multiple milestones after Russia sanctions

Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows confusion…

Foreign companies leave the Russian oil industry

The oil and gas corporation Exxon Mobil recalls American employees employed in oil and gas projects in Russia, Reuters reported, citing a source. According to…

Gazprom is designing a powerful gas pipeline through Mongolia to China

On February 28, Gazprom signed an agreement to design a gas pipeline through Mongolia to China, with a capacity of 50 bcm. “The special purpose…

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…

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