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Category: Russia

Lukoil plans to start oil production at Caspian field in 2023

Lukoil plans to start industrial oil production at the Rakushechnoye field in the Caspian Sea in 2023, the company said. The expected or stable level…

Novatek and Fluxys plan to build an LNG terminal in Rostock

Today, a joint venture between PAO NOVATEK and Fluxys, signed a Land Lease Agreement with the Rostock Port for construction of a mid-scale LNG transshipment…

Russia to remain global oil industry leader in long term — Energy Minister

Russia will remain the global oil industry leader over the long term, Energy Minister Alexander Novak told reporters on Tuesday. “Russia is currently the leader…

Gazprom approves Energy Efficiency and Energy Saving Policy

The Gazprom Management Committee approved the corporate Energy Efficiency and Energy Saving Policy. The newly-adopted document builds on Gazprom’s existing Energy Saving and Energy Efficiency Concept for 2011–2020 and…

US offers Europe to reject Russian energy sources and use their LNG

A bill proposing to allocate a billion dollars to finance European energy projects in order to help Europe diversify its energy sector has been submitted to…

Best inventors and innovators among subsidiaries of Gazprom announced

The award ceremony of the 2017 corporate contest for the best inventors and innovators took place today at the meeting of the Scientific and Technical Council of Gazprom as part…

Participants of Nord Stream 2 finance 70% of capital costs

According to the head of Gazprom, Alexey Miller, the European partners consistently fulfill their obligations. “All our partners consistently fulfill their obligations. 70% of all…

“Audacia” begins pipelay works for Nord Stream 2

 The offshore pipelay vessel “Audacia” began its work on the Nord Stream 2 project today. “Audacia”, operated by Allseas, is the second vessel together with the “Castoro…

Minister: Russia expects record gas supplies to Europe

“Russia’s gas exports are growing by 6-7% annually. This year there will be the most record gas deliveries to Europe. We are reaching peak volumes…

OMV and Gazprom sign a “Basic Sale Agreement”

Today, OMV and Gazprom have signed a “Basic Sale Agreement” which foresees a potential acquisition of a 24.98% interest in the Achimov IV and V…

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